Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The single currency’s support at 1.1730 held well for EUR at 1.1772, keeping the preferred Bullish possibility alive. Note: Look for a near term range of 1.1730-1860 for the next few days ahead of the ECB announcements next week. EUR/JPY at 132.07 is stable, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE EUR (Euro) 1.1780, am Bullish longer term, with support at 1.1730. Note: See possibilities of a Bear Shoulder-Head-Shoulder developing. A break and close below 1.1700 could negate the Bullish prospect. We prefer Bullishness the single currency because The Dollar (.DXY) Index at 93.35 may […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE EUR (Euro) 1.1808 fell in US trade Friday after an initial rise to 1.1875 on the release of US CPI (+2.23%) and US Retail Sales (+4.69% y/y). Now it is testing the lower support a 1.1800. Still seeing a rise towards 1.20. USD/JPY at […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE EUR (Euro) at 1.1850 down from 1.1878 to 1.1825, within the uptrend targeting 1.1950+. Intra-day support at 1.1825 and at 1.1800. Longs preferred in here. US Dollar (.DXY) Index at 92.96 hit my target and possible to break below 1st support near that […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Keep an eye on the German-US T 10yr spread, which had indicated a rise in Euro in the last couple of sessions.PE EUR (Euro) at 1.1873 could move to 1.1950 as long as the yield spread remains higher. US Dollar (.DXY) Index at 92.84 is headed towards […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 93.33 is trading lower as expected but could be ranged within the 93-94 for the next 2-sessions. EUR (Euro) at 1.1803 moved up to test 1.1825 as expected, and could dip to 1.1750 near term. Trade within 1.1730-1.1850 […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 93.548 faced rejection from 94, while that holds, .DXY could come off towards 93.26-93.00 near term. EUR (Euro) at 1.1771 moved above 1.1750. the low of 1.1668 tested Friday could possibly be the near term low this week, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: A bit of slowdown in the Dollar’s up-move seen. PE Consolidation in USD/JPY at 112.75 seen below 113.00-50 over the last 2 days. Let us see if it Tops out below 113 now or breaks out. The ER/JPY at 132.56 look Bullish overall with support at 132.00. […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: A bit of slowdown in the Dollar’s up-move seen. PE The US Dollar (.DXY) Index at 93.40 is down a bit Wednesday compared to 93.87 Tuesday, and EUR(Euro) at 1.1775 up from Tuesday’s 1.1707. Perhaps some more USD strength is possible in here, the Key resistance […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Nothing New. PE Good strength in USD Monday, with The US Dollar (.DXY) Index at 93.87 close to 94.00 then 94.51 EUR (Euro) at 1.1707 broke below last week’s low at 1.1716 and USD/EUR at 113.10 rising again after dipping to 112.09 last week, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Nothing New. PE US Dollar (.DXY) Index at 93.23 failed to crack 94.00 Thursday, dipping from a high of 93.67. Friday may be ranged with 93.00-93.50. EUR (Euro) at 1.1780 saw a high at 1.1804 Thursday, may range with 1.1740-1820 Friday. For a few […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Word tensions continue between North Korea and USA. PE Word tensions between North Korea and USA is threatening to break the uptrend in EUR (Euro) at 1.1860, and the downtrend in The US Dollar (.DXY) Index at 92.575. It has also pushed USD/JPY lower […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Nothing New. PE EUR (Euro) at 1.1932 rose to 1.2005 Friday, it was unable to hold, despite stability in the German-US 10Yr Spread (-1.81%). The overall uptrend is still intact, but the Support to watch moved up to 1.1890, from 1.1850. The US Dollar (.DXY) […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Nothing New. PE An uptick in the German-US 10Yr Spread helped EUR (Euro) at 1.1952 move up since Thursday, the overall uptrend remains intact and unless there is a sharp fall Friday, be open to chances of further move North. AUD (Aussie) at […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Need to always watch Support and Resistance. PE The US Dollar (.DXY) Index at 91.7260 trading lower, EUR (Euro) at 1.2009, and AUD (Aussie) at 0.8013 are trade higher too, retaining their uptrends. Should the EUR at 1.2009 see 1.2035-50, the 1 of 2 possibilities […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Need to always watch Support and Resistance. PE EUR (Euro) 1.1965, and AUD (Aussie) at 0.7965 still in their uptrends, but need to watch their supports. It is the opposite for the US Dollar (.DXY) Index at 91.96 that remains in a downtrend, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: NKorea fires another missile, the markets yawn.PE August US CPI came in at 1.9% yesterday, compared to expectation of 1.8% and 1.7% in July. This sent the EUR at 1.1911 down momentarily to 1.1836 and USD/JPY at 110.18)up to 111.04. The US Dollar […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE USD/JPY at 109.36 broke above 108.70-90 bringing it back into the 108-111 range. The market may stall between 109.00-110.00 in hee. A break above 110 is needed to drive the market to higher. EUR/JPY at 130.74 rose with USD/JPY, within an […]

Australian Dollar Outlook

Australian Dollar Outlook

Australian Dollar Outlook Christina Parthenidou, XM Investment Research Desk Last week the Reserve Bank of Australia decided to hold cash rates at a record low of 1.5% and maintained its optimism about the future economic performance of the country, the Australian Bureau of Statistics (ABS) published the GDP growth figures for the second quarter on Wednesday. These surprised […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to be the weakest major currency on the week, and  ECB kept rates unchanged yesterday. The next meeting in October will be important as it is now a confirmed date when the ECB will seriously debate when to start its ‘Taper’ from. PE […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to be the weakest major currency on the week.PE EUR’s (Euro) 1.1924 is intact, but the move looks to be slowing down. If the ECB is ambivalent on when the “taper” is likely to start, the market might offload some single currency Longs […]

WW3: Gold Prices Could Rise to $10,000 oz

WW3: Gold Prices Could Rise to $10,000 oz

WW3: Gold Prices Could Rise to $10,000 oz $GLD, $SLV, $USD, $DXY, $AUD, $JPY Sunday, best-selling author James Rickards warned that Gold is poised to spike to 10,000 oz because of global political instability. Personally, I expect Gold attack the resistance at 1,500 in Y 2018. And not be shocked by a run that brings it […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD strengthens ahead of NFPs Friday. PE Support at 1.1800 held on EUR (Euro) at 1.1907 producing a good bounce. It may consolidate between 1.1850-2000 for a few days trying to sort out the direction for the weeks ahead. And just maybe, the upcoming […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Higher than expected US Q-2 GDP preliminary estimate Wednesday +3.00% Vs expectation of +2.7% helped USD recover. PE Strong recovery in The US Dollar (.DXY) Index at 93.00 from the low of 91.62 seen Tuesday, just above 91.39, the 50% Fibo retrac of the earlier […]

AUD Under Pressure As North Korea Conducts Another Missile Test

AUD Under Pressure As North Korea Conducts Another Missile Test

The Australian dollar has fallen sharply in early Asian trade on Tuesday following news that North Korea has conducted another missile test. Before the news of this latest missile test, the AUD/USD had risen to as high as .7973, a four-week high. That move was driven by broad-based US dollar weakness, continuing the move seen late […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE USD/JPY at 108.80 has strengthened with NKorea coming back on the market’s screens, the low has been near 108.33. A daily close below 108.60 and weekly close below 108.00 could be Very Bearish. EUR/JPY at 130.19 is stable near Monday’s marks. But, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Jackson Hole Summit drives Euro North. PE EUR (Euro) at 1.1925 after Jackson Hole speeches Friday reasserts the overall uptrend, establishing 1.18-17 as good supports, set new targets to 1.20-21. The rise in ER/JPY at 130.17 due to the rise in the EUR/SD is […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Overall weakness in USD and GBP continues. USD/JPY suggests risk here.PE EUR/JPY at 128.85) is largely stable as both the single currency at 1.1805, and the JPY at 109.17 have gained Vs USD. The US Dollar (.DXY) Index at 93.28 continues to consolidate sideways, but […]

Forex Morning Briefing: The US Dollar (.DXY) Index

Forex Morning Briefing: The US Dollar (.DXY) Index

Forex Morning Briefing: The US Dollar (.DXY) Index $DXY, $EUR, $JPY, $GBP, $AUD Commentary: .DXY ticked lower after downbeat US housing data and dovish FOMC mins. PE The US Dollar (.DXY) Index ticked lower after downbeat US housing data (building permits unexpectedly dropped by 4.1% in July, undershooting the forecast for 2% fall and well below […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Good gains overnight by the USD after a stronger than expected US retail sales. PE Good gains overnight by the US Dollar (.DXY) Index at 93.82 after a stronger than expected US retail sales (+0.6%, against expectation of +0.4%) and a comment by Bill Dudley […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Decreasing chances of any imminent military confrontation between US and NKorea have cooled off the geopolitical tensions and checked the strength in safe havens. PE JPY at 110.07, USD/JPY has seen a sharp bounce from my support mark at 109.50 and a break above 110.20 […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Geopolitical tensions between US and NKorea has tempered the risk appetite a bit. PE The action is driving USD/JPY at 109.90 to the lower end of the 109.30-111.10 range. If support at 109.50-30 holds, then a recovery to 111.00 can be expected near term. The […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Better than expected US NFPs triggered short covering in USD. PE Better than expected US NFPs triggered short covering in the US Dollar (.DXY) Index to 93.49 from 92.50, short of my Southside target at 92.00, but unless a weekly closing above 94.10-40 is seen, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new, as the USD continues to weaken. PE The US Dollar (.DXY) Index at 92.88 heads to 92.00 as expected after marking my initial target at 93.00. This is 5th monthly negative closing running, its longest monthly losing streak since Y 2011 and […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: US GDP is back to its steady growth but no sign of acceleration keeps the chances of FOMC taking any further Hawkish steps low. USD remains weak and the majors keeping their Northside momentum intact. Euro is in the most overbought condition since 2008 […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Better than expected US durable goods orders data has helped .DXY bounce. EUR is in the most overbought condition since Y 2008 and USD in the most oversold condition since Y 2011, which warrants a consolidation phase at least if not an outright sharp correction. […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD sold off to 93.22 after FOMC statement. PE More strength in EUR (Euro) at 1.1744, breaking above the earlier Keu resistance at 1.1712. This run opens up targets at 1.18-20. USD/JPY  has come down to 110.98, giving back almost all the recent gains […]

Australian Dollar (A$) CPI Outlook

Australian Dollar (A$) CPI Outlook

Australia’s Consumer Price Index (CPI) climbed an annualized 2.1% after expanding 1.5% during the last three-months of 2016, while the core rate of inflation increased 1.9% during the same period amid forecasts for a 1.8% print. Signs of slower-than-expected inflation may encourage the Reserve Bank of Australia (RBA) to preserve the record-low cash rate for […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The FOMC policy statement Wednesday may dictate the near term path for the majors, especially if there are real hints regarding normalization of the Fed balance sheet. PE EUR (Euro) at 1.1650 rose above 1.17 but it was rejected exactly at resistance of 1.1712. Unless […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The markets may wait for the ECB and BOJ meets Thursday before taking the next major step. PE USD/JPY at 111.97 is being watched for the reaction after the BOJ policy decision due now. Expect the support of 111.00 to be tested before any major short […]

Australian Dollar (A$) Rising Strong Against US Dollar ($)

Australian Dollar (A$) Rising Strong Against US Dollar ($)

On Friday night the Australian dollar broke through US78 cents for the first time in more than two years. The Australian dollar appears Confident to rise to US80¢ soon. The reason for Friday’s surge was that American retail sales fell, against expectations of a rise, and the monthly CPI change was zero. Annual inflation remains mired at […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 94.75 continues its fall, could test 94.00 before pausing to refresh. Trend remains Due South now. EUR (Euro) at 1.1535 has broken above Key resistance near 1.1495 and is now trading within 1.15-1.16 which needs […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Friday’s weak US economic data increased the doubt over any further Fed rate hike this year and kept the pressure on the Buck unchanged.PE The US Dollar (.DXY) Index at 95.18 broke below the support of 95.50-40 in line with expectations and now much […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE EUR (Euro) at 1.1438 is trading below 1.1460. I said Wednesday that EUR could faces Key long-term resistance at 1.1520-40. Market sentiment is turning Very Bullish, so it would be cautious at these levels as profit taking will come on soon. The US […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The Japanese Yen (JPY) is possibly the weakest currency just now. The cleanest currencies to trade just now looking like EUR and JPY. PE EUR (Euro) 1.1393 seen to move towards 1.1460, possibly higher, with good support at 1.1360 and 1.1300. The US Dollar (.DXY) […]

Australian Dollar (A$) Trapped

Australian Dollar (A$) Trapped

Investors had hoped that the Reserve Bank of Australia might have joined other developed-market monetary authorities in suggesting that higher interest rates were coming. In the event it didn’t. Instead it left the Official Cash Rate at its 1.50% record low and gave no hint that any changes were in the wind. In truth it was always […]

(AUDUSD) Australian Dollar Fall Continues – What Happens To The Economy Now?

(AUDUSD) Australian Dollar Fall Continues – What Happens To The Economy Now?

The Australian dollar is down against its US counterpart, back below 76 US cents even though the greenback has also fallen after a round of weaker-than-expected US employment data. At 0635 AEST on Friday, the Australian dollar was worth 75.84 US cents, down from 76.00 US cents on Thursday. Westpac’s Imre Speizer said comments by […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The currency markets are preparing for the shift to a more Hawkish stance by the central banks from the 10yrs long accommodative stance, pushing the yields higher everywhere and strengthening majors Vs USD. US NFPs data are the Key focus Friday.PE Note: the major pairs […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: No set date (if any) for Fed balance sheet reduction and concerns over continuing soft inflation in US limits USD strength.PE US Dollar (.DXY) Index at 96.28 retreated from resistance at 96.50-60 EUR (Euro) at 1.1338 trades above the support at 1.1290, keeping bi-directional […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Good strength has been seen in the Chinese RMB Yuan over the last few days as the USD/CNY (6.7668) has fallen from 6.8425 Tuesday to 6.76 Friday. This should reduce the scare on Emerging Market currencies. PE EUR (Euro) at 1.1440 continues strong, and […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The continuing decline in US Housing data taking it to a 8-month low, plus the much worse than expected reading in the US Consumer Sentiment gauge weakened the USD more and again. PE The US Dollar (.DXY) Index at 97.17 is ranged with 96.30-97.80 for […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 97.43 marked 96.84 before bouncing to 97.40. The technical picture has not changed, as the Northside reversal chances are open, a clear break above 97.20-30 is needed to confirm it and a close above 98.10 […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The FOMC hiked interest rates as expected and laid out plans to pare the $4.5-T balance sheet. USD weakened briefly but the Bullish reversal chances are still open. PE The US Dollar (.DXY) Index at 96.94 marked a low at 96.32 before bouncing to 97.00, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: While keeping the rates unchanged as expected, ECB trimmed inflation expectations through Y 2019, pushing the single currency lower. Sacked former FBI Director James Comey testament was brushed off by the investors, boosting USD and UK is headed for a hung Parliament, weakening the GBP. […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Keeping the rates unchanged as expected the ECB pareed inflation expectations through Y 2019, driving the single currency lower. Sacked FBI Dir. Jamex Comey testimony was brushed off by the investors, boosting USD and UK is headed for a hung Parliament, weakening GBP. Overall, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Thursday is a significant day for the markets as UK election, Conservatives to win, ECB policy decision to continue to stimulate and keep rates steady, and former FBI Director James Comey’s leaked testimony occur putting a virtual end to the Russian witch hunt, has investors […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Thursday is going to be a significant day for the markets as UK election, ECB policy decision and ex-FBI chief Comey’s testimony will take place, seeing investors playing it safe till then with the prevalent trend continuing so far. PE The US Dollar (.DXY) Index […]