What Happened on Monday > Top 3? • Brexit deal not quite there, but Theresa May expects a positive outcome this week • US 2-year Treasuries trade higher and US Equities retreat of Record levels • Oil lower as US production expected to be strong, Bitcoin holding $11,500. Outlook •… read more
Daily
The following is a summary of the previous day’s foreign exchange market movements in the major currencies and the commodities markets. It is meant as an informative guide to the reasons underlying currency and commodity movements seen in the previous day’s foreign exchange trading. Together with a market snapshot at close of the New York session, indicators/events released during the session are outlined compared with their expected level of influence before release. This fundamental analysis summary also highlights upcoming data/events which may influence currency movements upon their release.
You will also find a technical analysis snapshot at time of release, highlighting support and resistances of each of the major currencies and gold. Coupled together with the reasons behind these important levels, traders can expect some support or resistance when these levels are reached.
Trader Talk
December 5, 2017What Happened on Friday > Top 3? • USD collapses after Flynn pleads guilty to lying to FBI re: Trump & Russian meetings • Gold Spiked to $1,290 as USD was sold off aggressively under Political Pressure • SP500 dives 1.5% & Bitcoin Solid again after Friday pullback Outlook •… read more
Market Action
December 1, 2017What Happened on Thursday > Top 3? • Dow through 24,000 as Senator John McCain supports the Tax Reform bill • Gold Crushed back to $1270 as the USD Bid higher • Sterling crosses move sharply higher (GBPJPY up 500 pips), as Brexit story progresses Outlook • (USD) US Tax… read more
Trader Talk
November 30, 2017What Happened on Wednesday > Top 3? • UK Bonds rise sharply on Brexit positivity, GBP higher • Bitcoin Bid up sharply to $11,400 before Profit Taking • USD Rallies taking Gold down through Stops near $1280 Outlook • (USD) US Tax Reform Story gaining traction, on to Senate vote… read more
Trader Talk
November 29, 2017What Happened on Tuesday > Top 3? • USD Mixed, Fed Powell talks of Inflation risks • Bitcoin Bid hard towards $10,000 and North Korea fire another Missile • Brexit payment to EU getting very close to agreement, GBP wild swings Outlook • (USD) US Tax Reform Story gaining traction,… read more
Trader Talk
November 28, 2017What Happened on Monday > Top 3? • USD Mixed, USDJPY back under 111, Kiwi jumps above 69c • Bitcoin screams higher through to $9,000, Holding around $9,600 • Gold lifted back up to $1,295, USDCAD saw wild reversal Outlook • (USD) US Debt Ceiling & Tax Reform Story caused… read more
Monday Market Action
November 27, 2017What Happened on Friday > Top 3? • German data & Election supports EURUSD rally through 1.1900. • Bitcoin screams higher through to $9,000, heading north of $9,500. • Commodities mixed, Oil to $59, Gold back off highs, to $1,287. Outlook • (EUR) EUR election in focus, keeping EURUSD Bid… read more
Market Action
November 24, 2017What Happened on Thursday > Top 3? • Eurozone PMI’s solid, EURUSD lifts to 1.1850 • US FOMC highlights concerns over inflation, hurting USD outlook • Commodities strong, Oil to $58.50, Gold $1,292 Outlook • (USD) USD trades cautiously ahead of US Bank Holiday • (BTC) Bitcoin holds around $8,000… read more
Trader Talk
November 23, 2017What Happened on Wednesday > Top 3? • USD Crunched lower, FOMC minutes in focus • Gold jumps to $1,295 amid USD Softness, Oil firm at $58 • Commodities strong, AUD lifts against USD, Copper Bid higher Outlook • (USD) USD very soft ahead of US Bank Holiday • (BTC)… read more
Market Action
November 22, 2017What Happened on Tuesday > Top 3? • US Equities to record highs, USD Soft • AUD jumps off 3-month lows after RBA Speech • Hang Seng Index Spikes above 30,000, Tencent dominates Outlook • (USD) USD Traders looking to FOMC Minutes • (BTC) Bitcoin holds above $8,000 • (EUR)… read more
