Market Updates: Last Week’s Forex Performers and this Week’s Market Catalysts The last bit of this past Trading Week was full of Economic Data from various Global Eonomies, mixed with news of terrorist violence, Korean – Washington issues, and upheaval at the White House. With Investors wondering if Trump can improve confidence in his leadership,…
With all the anticipation of the ECB Meeting, the ECB left its key Interest Rates unchanged and maintains that they will bolster its Bond-Buying program if the EuroZone’s economic condition worsens. BoJ however, pushed back their Inflation Target, raising hopes for extended monetary stimulus. All major Indices hit all time highs by close of Wednesday…
With risk management in mind, MACD and RSI for USDJPY is in downtrend mode. However, there is a chance that the pair may move back up again to test the channel’s resistance area. US Money Markets remain highly dependent on expectations of the Feds’ probability of a Rate Hike in December. As the European Central…
The Second Quarter has come to an end and the EURUSD gained 1.859 percent in the last five trading days. EUR is higher against the USD as Central Bank rhetoric from the Bank of Canada (BoC), the Bank of England (BoE) and the European Central Bank (ECB) came in too close to each other and…
Most Indices extended modest gains during the Tokyo Trading Session. European Indices declined while ECB President Mario Draghi’s speech highlighting a recovering economy, caused the Euro to advance. Sterling rose to a 1-week high after data showed CBI’s trends advanced at 12 in June, surpassing expectations and up from the month of May data. The…
During the Tokyo Session Tuesday, the Euro declined, the Yen edged up, Sterling declined, Australian Dollar advanced and the New Zealand Dollar rallied to a 3 month high. As the London Session went underway, the Dollar steadied against the Euro, gained against the Yen and edged lower against the Sterling. The Swiss Franc edged up…
Sterling rose strong against the Dollar Tuesday after stronger than expected April Manufacturing PMI figures. London’s FTSE 100 closed 0.6% higher. Euro traded higher during the London Session, Swiss Franc struggled, Yen broke the resistance at some point. By the Wall Street Session, Investors’ focus seemed to make a shift, more toward the anticipation of…
After the May-Juncker Meeting at Downing Street, Word on The Streets of London is that there exists undeniably, a gap between Britain’s and the EU’s understanding of the ‘Brexit Rollout’. Prime Minister May is determined however, that come March 2019, Britain leaves the EU, deal or no deal. Business Chiefs in the UK have warned against Brexit…
At the beginning of the weekend, despite all that China’s doing to help, Trump says “major major conflict with North Korea possible. Prefer diplomacy but very difficult.” Elsewhere, as Britain’s exit seems to be uniting the EU, Q1 Growth Data showed that Britain’s economy is slowing more than expected Month-on-Month but shows positive numbers for Year-on-Year…
UK Prime Minister Theresa May meets with European Commission President Jean-Claude Juncker and the EU’s ‘Brexit’ negotiator Michel Barnier to commence talks on the Brexit process formally. Price action was a bit rough. The Yen advanced, Sterling edged up as the Conservatives were ahead of Labour in the Polls. US Crude edged lower by the…
