July 05, 2024 at 02:23PM In the kickstart FX video from July 5, 2024, I take a technical look at the three major currency pairs – the EURUSD, USDJPY and GBPUSD. Today the US jobs report was mixed with the June non-farm payroll jobs higher than expectations but revisions to…
July 05, 2024 at 10:20AM Fundamental Overview The USD weakened across the board following soft US Jobless Claims and ISM Services PMI reports. Overall, the data didn’t change much in terms of interest rates expectations, but it reinforced the view that the Fed is going to deliver at least two…
July 05, 2024 at 01:30AM The UK election came in pretty much as expected: UK exit poll tips a solid win to Labour, 410 seats – new UK government incoming GBP is little changed after the UK election exit poll UK political stability (relative to elsewhere) will support UK markets…
July 04, 2024 at 11:57PM This (in brief) from ING rapid response to the UK election results, based on the exit polling: Election result gives green light to August rate cut Markets are pricing a 60% chance of an August rate cut, and we think that’s too low watch out…
July 04, 2024 at 10:15PM Exit poll here: UK exit poll tips a solid win to Labour, 410 seats – new UK government incoming GBP/USD is around 1.2759, barely changed EUR/GBP also little changed around 0.8473 This article was written by Eamonn Sheridan at www.forexlive.com.
July 04, 2024 at 09:48PM I say ‘near certain’ to be conservative, but to find another election that’s so clear cut as this you’d have to head to Russia or China and the ilk. Anyway, the exit poll is are due, from the BBC, Sky, and ITV, at 10pm London…
July 03, 2024 at 02:12PM In the kickstart video for July 3, 2024, I take a look at three the major currency pairs from a technical perspective – the EURUSD, USDJPY and GBPUSD. What is the price action telling traders about the technical bias, the risk, and the targets as…
July 03, 2024 at 11:19AM Fundamental Overview The USD has been overall rangebound in the last couple of weeks. The last week’s strength might have been influenced more by quarter-end flows rather than something fundamental as the economic data didn’t change interest rates expectations. All else being equal, the data…
July 01, 2024 at 02:22PM It is a new trading week, month and quarter. The EURUSD and GBPUSD are higher (lower USD) as the market reacts to elections in France and prepares for the UK election on Thursday. The USDJPY continues its run to the upside with the pair reaching…
June 28, 2024 at 11:57AM Fundamental Overview The USD continues to be backed by good economic data as we have also seen recently from the US PMIs last Friday and the US Consumer Confidence report this week. Yesterday, we also got the US Jobless Claims figures where the data showed…
