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10 Jul 2019

Wednesday 10th July: Powell vs. BoC vs. FOMC meeting minutes – expect volatility, traders.

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Key risk events today: UK GDP m/m; UK Manufacturing Production m/m; BoC Monetary Policy Report, Rate Statement, Overnight Rate and Press Conference; Fed Chair Powell Testifies; MPC Member Tenreyro Speaks; FOMC Member Bullard Speaks; FOMC Meeting Minutes. EUR/USD: As dovish ECB chatter increased, the shared currency continued to explore lower ground against its US counterpart … Continue reading Wednesday 10th July: Powell vs. BoC vs. FOMC meeting minutes – expect volatility, traders.

09 Jul 2019

Tuesday 9th July: Asian stocks fall to two-week low amidst fading hopes of Fed rate cut

IC Markets No Comments

Global Markets: Asian Stock Markets : Nikkei up 0.068%, Shanghai Composite down 0.31%, Hang Seng down 0.67%, ASX down 0.23% Commodities: Gold at $1395.05 (-0.35%), Silver at $15.07 (+0.15%), Brent Oil at $64.11 (0.00%), WTI Oil at $57.57 (-0.16%) Rates : US 10-year yield at 2.037, UK 10-year yield at 0.704, Germany 10-year yield at … Continue reading Tuesday 9th July: Asian stocks fall to two-week low amidst fading hopes of Fed rate cut

09 Jul 2019

Tuesday 9th July: Greenback regains footing as bets on aggressive US rate cuts fade.

IC Markets No Comments

Key risk events today: NAB Business Confidence; Fed Chair Powell Speaks; FOMC Members Bullard and Quarles Speak. EUR/USD: Unable to sustain early gains beyond 1.1234, the EUR/USD settled Monday a few points north of May’s opening level on the H4 timeframe at 1.1211, down 0.09% on the day. In terms of data out of Europe, … Continue reading Tuesday 9th July: Greenback regains footing as bets on aggressive US rate cuts fade.

07 Jul 2019

Monday 8th July: Weekly technical outlook and review

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Key risk events today: BoJ Governor Kuroda Speaks. EUR/USD: Weekly gain/loss: -1.26% Weekly close: 1.1224 Weekly perspective: Since early November 2018, a long-standing demand area at 1.1119-1.1295 has capped downside. As impressive as this is, impetus is lacking as price is unable to overthrow the 2019 yearly opening level (resistance) at 1.1445. Areas outside of … Continue reading Monday 8th July: Weekly technical outlook and review

05 Jul 2019

Friday 5th July: Asian markets flat before US Payrolls test

IC Markets No Comments

Global Markets: Asian Stock Markets : Nikkei up 0.13%, Shanghai Composite up 0.18%, Hang Seng up 0.13%, ASX up 0.59% Commodities: Gold at $1417.35 (-0.25%), Silver at $15.27 (-0.44%), Brent Oil at $63.18 (-0.19%), WTI Oil at $56.69 (-1.13%) Rates : US 10-year yield at 1.941, UK 10-year yield at 0.675, Germany 10-year yield at … Continue reading Friday 5th July: Asian markets flat before US Payrolls test