EURUSD hit the high not seen since August, 2015 at 1.1712, as any positive argument may trigger the euro rise right now. And this time USD weakness worked just well.
Today Philadelphia Non-Manufacturing Index came out below the prior numbers at 23.4 vs. 33.6 in June. Moreover, the New Orders indicator fell below zero to -0.1 vs 19.7.
It’s a second tier data, and...
USDJPY slid to 1-month low at 110.76. And it happened even though recent comments of the BOJ officials made it clear they would do their outmost to reach the inflation target of 2%.
It means there is no talk of stimulus removal, and it should be bad for yen.
The pair fell last week only due to USD weakness, driven mostly by political conflicts and economic...
EURUSD hit the record 1.1676 level, not seen since August, 2015. And it was right after ECB chairman’s press conference.
Draghi did his outmost to persuade the market there is no rush in QE tapering, and no talk about policy tightening. For now. And the market caught the words he was looking for.
Draghi said they were not discussing stimulus removal, and the...
GBPUSD has lost almost 100 pips during the first half of the day even though retails sales data came out better than expected. Asusual, it’sallaboutmarketsentimentandexpectations.
Retail sales has come significantly above expectations (0.6% mom, 2.9% yoy vs 0.4% mom, 2.5% forecast). But right before the data cable was hit hard by the news that Theresa May is...
EURUSD got an unexpected support from the USA, and managed to rise to 14-month high at 1.1564.
The thing is that the first reform that Trump was pushing through the Congress failed – two more senators came out against the bill, smashing the chances Obamacare would be reformed in the nearest future.
What does it mean for the market? It means Trump would have hard...
AUDUSD broke above the roof of the annual range 0.7166 – 0.7740, and touched the levels last seen on April 17, 2016.
But back that time the pair showed the correction lower right after it touched the mentioned levels. Will it be the same this time? At first we need to look at the triggers behind the recent moves.
Last week stronger than expected consumer...
USD/JPY keeps going up targeting 115.00 which may be reached in the nearest future. Market believes in USD again, and is disappointed about JPY.
Friday’s Non-Farm Payrolls only reassured the market that recent hawkish tone of the Fed was justified. This week we are going to see Janet Yellen’s semi-annual testimony in front of Congress. And the market is pricing...
Nothing said there would be any surprises Asia morning. Especially with silver. But if something can go wrong, it will. Spot silver markets suffered a flash crash in Asian morning.
And here is daily chart on pound from October 7, 2016
What’s more – crashes on both assets happened at the same time, early in Asia, when American traders left home, and Asian...
What do we know about GBP/USD? During the last week it survived three disappointments – services, construction and manufacturing PMIs came out below expectations.
However, it’s important to know – the pair lost only about 100 pips during that period. And we need to take into consideration that USD was quite strong for the whole week. So, the pair moves say that...
USD/JPY has gone too far during the last weeks. And there is still a potential to reach 114.00 ahead of Non-Farm Payrolls report scheduled for Friday. Negative emotions related to Japanese data only pour oil on flames.
If you remember, last week’s governor elections in Tokyo showed a huge defeat from Abe's party. And it means that the premier will try to win...
During the last 3 days, EUR/USD has lost around 100 pips. And again it was all about speculations and panics. It was all about Trump.
The US President has gained market attention by its surprising tweets already several times. No wonder, investors are keen on hearing something new from him, and this time was not an exception.
Recently, Donald Trump has talked...
Helen Rush,
Senior Analyst at Capital Markets
On Monday, AUD/USD lost about 50 pips. But it doesn’t mean anything, as the RBA meeting is coming.
The most important thing we need to remember is that whenever the rates go down, to local currency is to follow, and vice versa. But the RBA has no reason to lower rates further, as there is a housing bubble everybody...
So in my humble opinion we have a clear head and shoulders pattern, along with Fib match up to coincide with the NFP report today.
Right now I am managing a good client out of an aweful hedge and so this is very crucial for me. The price simply must get up to the target sell level so that I can smash from the top and hit down to close out the bad side of the...
So GBP is being strangled by pretty much everyone right now. Litteraly the asset is in a massive chokehold and fighting for the air to breathe.
With so much daily fundamental news the emotion of this asset can be likened to Bridgit Jones, or Madonna, or maybe that blondie who named her kid after a fruit....Basically its a hormonal mess of epic proportions.
So...
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Moving forwards we will see no doubt a large accumalitive growth pattern with GOLD. Uncertainty is king remember. Trade re-negotiation deals are coming. Scottish and Irish...
Janet Yellen, you are a total fool.
Mario the ECB is a joke.
Camoron? Enough said.....
QE has failed. Fear is back to stay. GBP is down in the basement and not coming out for some time.
There is only one place to be right now. That is, if you want to profit.
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