Daily Outlook – Monday 19th June What Happened on Friday > Top 3? >Bank Of Japan maintains policy. >US Building Data soft, helping USD finish the week broadly lower. >Volatility still low. Outlook +BREXIT negotiations officially kick off this week. +FOMC Speakers spread out across this week +Dairy Prices… 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.
Daily Outlook
June 16, 2017Daily Outlook – Friday 16th June What Happened on Thursday > Top 3? >USDJPY take off higher towards 111 >US Data holds firm, helping USD trade firm against all majors >Aussie employment data very solid but USD reigns supreme Outlook / Fast Summary +Bank Of Japan this afternoon- USDJPY… read more
Daily Outlook
June 15, 2017What Happened on wild Wednesday > Top 3? >Fed raises rates, Tells the market: “More to come”. >US Inflation data hits & Disappoints. Undermines Fed Speaking of more Rate Hikes in 2017. >Wild swings in EURUSD & USDJPY as we called, on the back of USD selloff, then rally. … read more
Daily Outlook
June 13, 2017Daily Outlook – Tuesday 13th June What Happened to start the week > Top 3? >GBP Turns lower post-election as Theresa Mays position unstable. >USDJPY leads the USD weakness. Tech Stocks take a hit. US rate Hike fully priced in? >Volatility gains, leading me to see big moves ahead in… read more
Daily Outlook
June 12, 2017Daily Outlook – Monday 12th June What Happened to close off last week > Top 3? >ECB Meeting dragged EURUSD back down to 1.12 >UK Election Result a hung parliament, GBP resets much lower >Gold & Oil traded much lower Outlook +Huge week of central bank action from US… read more
Daily Outlook
June 9, 2017The official exit poll in the UK Election has indicated that the risk of a hung parliament is now high, as a result the GBP has fallen sharply across the board, down more than 1.5% already in overnight trade. It has since rebounded modestly from session lows, but the risk… read more
Daily Outlook
June 6, 2017Daily Outlook – Tuesday 6th June What Happened on Monday >Fast Version > Top 3? >Middle East chess moves, as Saudi Arabia & neighbours cut off Qatar, Oil Dips Lower. >Volatility is down, and so is the lead for Theresa May in UK Elections polling >AUDUSD Bid higher along with GBPUSD… read more
Daily Outlook
June 5, 2017Daily Outlook – Monday 5th June USD Index (USDX) Took a hit lower to 75 after Friday’s U.S. jobs data release. Generally soft, with US Non-Farm payrolls & Trade Balance a miss. There were some positives in the release with Unemployment ticking down slightly to 4.3% and Average Hourly Earnings… read more
Daily Outlook
June 2, 2017Strong ADP US Jobs numbers last night have encouraged USD buyers and put expectations on the NFP tonight to be better than the 180k forecast by economists. USD/JPY has enjoyed the first rally in 6 days back up to Y111.40 but with US 10 yr yields stubbornly low the sustainability… read more
Daily Outlook
May 31, 2017News that UK Polling agency YouGov now predicts that PM May’s conservative party will not win a majority has sent the GBP/USD plummeting below 1.2800 in early Asian trade Wednesday. We have bounced a little since the news but with a short squeeze yesterday the downside is much more vulnerable now…. read more
