admin-445

GBP/USD struggles with elections gaffes, USD strength

November 6, 2019 Off

– GBP/USD has been on the back foot amid election uncertainty and USD strength – Further political developments and speculation about the BOE are set to dominate trading. – Wednesday’s four-hour chart is mixed for the currency pair. Implying that the victims of a devastating fire lacked common sense – this is probably not the best way…

By admin-445

EUR/USD recovery may be limited

November 6, 2019 Off

– EUR/USD has been attempting to recover amid upbeat euro-zone data – Headlines coming out from the US-Sino trade talks are set to move markets. – Wednesday’s four-hour chart is pointing to fresh falls for the currency pair. Has the German economy bottomed out? That may help the euro to battle the recent wave of USD…

By admin-445

EUR/USD suddenly looks fragile, ISM eyed

November 5, 2019 Off

EUR/USD has been on the back foot amid optimism about trade talks. A critical US indicator stands out on the economic calendar. Tuesday’s four-hour chart is showing fresh downside momentum. A signing ceremony on US soil – that may be President Donald Trump’s victorious picture – and he may be willing to pay a price for that.…

By admin-445

Non-Farm Payrolls set for sub-100K levels – Live

November 1, 2019 Off

The General Motors strike has likely pushed Non-Farm Payrolls below 100,000 in October. While markets may factor that in, the broader picture is of a slowdown in the labor market. September’s gains stood at 136,000, below the past years’ averages. Wage growth carries expectations for an increase of 0.3% monthly and 3% yearly after the…

By admin-445

Has EUR/USD reached its post-Fed limits?

October 31, 2019 Off

EUR/USD has risen in response to the Fed decision. The currency pair’s gains may have reached their limits amid dovish comments and weak data. Thursday’s four-hour chart is pointing to near overbought conditions. The dark side has been more appealing for the Federal Reserve on the evening of Halloween – in a “trick or treat”…

By admin-445

Are GBP/USD bulls becoming fans of Farage?

October 31, 2019 Off

GBP/USD has been extending its gains after the Fed’s decision. Speculation about the UK elections is set to determine the next moves. Thursday’s technical chart is pointing to further gains.  Trick or treat? Brexiteers may feel tricked on Halloween – which was supposed to be Brexit Day – the third one. GBP/USD is on the…

By admin-445

EUR/USD advancing ahead of four critical events

October 30, 2019 Off

EUR/USD has been gradually advancing as a busy day begins. German inflation, US ADP jobs, third-quarter GDP, and the Fed decision are all eyed. Wednesday’s four-hour chart is finely-balanced for EUR/USD. Super Wednesday is here, and EUR/USD is already on the move – hitting a new weekly high above 1.1120. Is it justified? The world’s most…

By admin-445

GBP/USD ready for the Brexmas vote ahead of the Fed

October 30, 2019 Off

GBP/USD has been advancing as the UK is set for elections on December 12. The focus is set to shift to top-tier US events. Wednesday’s technical chart is pointing to further gains. Some Brits will be horrified by the news of a new prime minister on Friday the 13. After the planned Halloween Brexit was postponed by…

By admin-445

US GDP and ADP Live Coverage

October 30, 2019 Off

The US ADP Non-Farm Payrolls provides a hint toward Friday’s NFP and they are set to show a slower pace of hiring. The publication is quickly followed by the all-important Gross Domestic Product for the third quarter. The first release tends to have the greatest impact. Also here, GDP growth is set to decelerate from…

By admin-445

To cut or not to cut? Powell’s power-play – Live

October 30, 2019 Off

The Federal Reserve is set to cut interest rates for the third time but signal that it will refrain from further action in December. The “hawkish cut” is the primary scenario for the all-important central bank decision. Fed Chair Jerome Powell will address the press after the event. While inflation has picked up, employment has…

By admin-445