IronFX Daily Commentary by Charalambos Pissouros | 08/03/2017
March 8, 2017 10:28 amVideo
Latest News
- Technical analysis of GBP/USD for May 02, 2023 May 2, 2023
- Technical analysis of EUR/USD for May 02, 2023 May 2, 2023
- May 2, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective. May 2, 2023
- May 2, 2023 : EUR/USD Intraday technical analysis and trading plan. May 2, 2023
- May 2, 2023 : GBP/USD Intraday technical analysis and significant key-levels. May 2, 2023
- Litecoin: downside seems over May 2, 2023
- NZD/USD: further growth possible May 2, 2023
- Gold: imminent breakout and continuation May 2, 2023
- EUR/USD: Two anchors for the euro: the inflation growth report in the eurozone and the ECB’s banking lending review May 2, 2023
- EUR/USD: downside activated May 2, 2023
- What does rising inflation mean ahead of the ECB meeting? May 2, 2023
- Trading Signal for USD/JPY for May 2-3, 2023: sell below 137.00 (8/8 Murray – 21 SMA) May 2, 2023
- EURUSD: Bears take initiative, awaiting ECB and Fed rate decision May 2, 2023
- Analysis of GBP/USD on May 2. The UK industry is experiencing problems May 2, 2023
- DAX daily analysis suggests bulls need to be cautious. May 2, 2023
- Technical analysis on Silver for May 2nd, 2023. May 2, 2023
- Video market update for May 02, 2023 May 2, 2023
- Technical analysis on Gold for May 2nd, 2023. May 2, 2023
- Technical analysis on EURUSD for May 2nd, 2023. May 2, 2023
- EUR/USD. Analysis for May 2. Inflation in the EU stops declining again May 2, 2023
UK PM May suffers defeat in House of Lords; Spring Budget in focus
• Yesterday, the House of Lords voted for an amendment to the Brexit bill that gives Parliament a “meaningful vote” on the final exit deal.
• Essentially gives lawmakers a veto over the final deal (and allows them to send the gov. back to the negotiating table).
• Soft Brexit signal, but GBP was little changed. Possibly because this needs to be approved by the House of Commons as well (unlikely?).
• Today, Chancellor Hammond is due to deliver the Spring Budget. Reports suggest we may see fiscal tightening. If so, GBP-negative.
As for the rest of today’s highlights:
• US: ADP employment change for Feb. is exp. 190k. This is a solid number that could raise speculation for the NFP to also meet its forecast of 190k and thereby, support USD.
• Canada: Housing starts for Feb. are exp. to rise and building permits for Jan. are exp. to slow. Given the mixed expectations, the reaction in CAD may be fairly muted.
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