What Happened on Monday > Top 3? • USD very soft, Gold lifts back to $1,280. • Oil rallies to $57.30 as Nigeria backs OPEC Production Cuts • USD Pullback as Trump kicks off Asian Tour Outlook • (RBA) RBA Interest Rates • (NZD) RBNZ Interest Rates Thursday • (USD)… 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.
Monday Market Action
November 6, 2017What Happened on Friday > Top 3? • US Payroll data a slight miss, USD Whipsaws • Canadian Jobs data ticks higher – USDCAD back under 1.2700 • Oil rallies to $56 (WTI), Bitcoin screams towards $7500. Outlook • (RBA) RBA Interest Rates Tuesday • (NZD) RBNZ Interest Rates Thursday… read more
Friday Market Update
November 3, 2017What Happened on Thursday > Top 3? • BoE Lifts Rates, but GBP Collapses on dovish Inflation outlook • CME Group to add Bitcoin Futures, BTC jumps to $7,300 • Trump officially nominates Powell will to be the new Fed Chair Outlook • (GBP) Bank of England crushed the forward… read more
Market Action
November 2, 2017What Happened on Wednesday > Top 3? • US ADP Payroll data beats estimates, FOMC holds steady • CME Group to add Bitcoin Futures, BTC jumps to $6,900 • Gold lifts back to $1280, as Powell will be new Fed Chair Outlook • (GBP) Bank of England interest rates •… read more
Trader Talk
November 1, 2017What Happened on Tuesday > Top 3? • US 10-year yields holding under 2.4%, Tax Reform pushed back slightly • CME Group to add Bitcoin Futures, BTC jumps to $6,400 • GBPUSD Jumps back towards 1.33 before BoE Outlook • (GBP) Bank of England interest rates • (USD) US FOMC… read more
Trader Talk Tuesday
October 31, 2017What Happened on Monday > Top 3? • US Rates & USD hit hard by Political Issues • Trump’s campaign manager indicted in Russian Probe • USD & US Stocks Soft, GBPUSD Jumps back to 1.3200. Outlook • (JPY) Bank of Japan monetary policy update • (GBP) Bank of England… read more
Monday Market Update
October 30, 2017What Happened on Friday > Top 3? • US GDP Data strong on Friday, lifting USD Outlook • Amazon results propel NASDAQ higher by 2.2% • Oil jumps to $54 and Bitcoin rallies above $6,100 Outlook • (JPY) Bank of Japan Tuesday • (GBP) Bank of England interest rates &… read more
Trader Talk
October 27, 2017What Happened on Thursday > Top 3? • ECB Torpedos the Euro outlook, QE Unwind cautious • USD Strength across the board is growing as US Tax Reform gathers support • Euro Sold off aggressively from 1.1840 to 1.1635 after ECB sets tone Outlook • (USD) Tier 1 data ahead… read more
Thursday Trader Talk
October 26, 2017What Happened on Wednesday > Top 3? • Bank of Canada holds rates, USDCAD soars to 1.2800 • Sterling recovers sharply after strong GDP Data • Euro lifts back above 1.1800 ahead of ECB tonight Outlook • (USD) US Tax Reform & new Fed Chair speculation continues • (EUR) ECB… read more
Midweek Market Action
October 25, 2017What Happened on Tuesday > Top 3? • USD Bid higher alongside US10-year lifting above 2.4% • US Equities higher as Tax Reform speculation gathers pace • Trump is very close to announcing new Fed Chair, likely Powell Outlook • (USD) US Tax Reform speculation continues • (EUR) ECB in… read more
