IronFX Daily Commentary by Charalambos Pissouros | 18/01/2017
January 18, 2017 9:55 amVideo
Latest News
- American exceptionalism, seasonality, and worsening risk appetite push EUR/USD down August 18, 2023
- Trading Signal for GOLD (XAU/USD) for August 18-21, 2023: buy above $1,890 (1/8 Murray – head-shoulders pattern) August 18, 2023
- GBP/USD. UK retail sales fall, pound under pressure August 18, 2023
- EUR/AUD dynamics scenarios on August 18, 2023 August 18, 2023
- Technical Analysis – GBPUSD remains directionless below 50-day SMA August 18, 2023
- AUD/USD dynamics scenarios on August 18, 2023 August 18, 2023
- Eurozone PMIs important for the euro next week – Preview August 18, 2023
- EUR/USD and GBP/USD: Technical analysis for August 18 August 18, 2023
- GBP/USD: trading plan for the US session on August 18th (analysis of morning deals). The pound fell after weak retail sales August 18, 2023
- Video market update for August 18, 2023 August 18, 2023
- EUR/USD: trading plan for the US session on August 18th (analysis of morning deals). The euro remains under pressure August 18, 2023
- EUR/USD. August 18th. Bears maintain a downward trend August 18, 2023
- Bitcoin collapses to fresh 2-month low pressured by rising yields – Crypto News August 18, 2023
- Overview of US premarket trade on August 18, 2023. Stock indices continue to extend their decline August 18, 2023
- Technical Analysis – USDCHF upleg extends to 50-SMA August 18, 2023
- GBP/USD. August 18th. Retail sales in the UK fell twice as much as expected August 18, 2023
- Analysis and trading tips for GBP/USD on August 18 (US session) August 18, 2023
- Analysis and trading tips for EUR/USD on August 18 (US session) August 18, 2023
- Technical Analysis – AUDJPY is in retreat, but this correction could gain further strength August 18, 2023
- Week Ahead – All eyes on the Jackson Hole symposium August 18, 2023
Bank of Canada to stand pat and maintain its neutral bias
• Mixed economic data from Canada lately. Very strong jobs figures, soft inflation numbers.
• As such, we exp. the Bank to maintain a neutral tone overall.
Theresa May pledges to give parliament a vote on final Brexit deal
• Delivered the “hard Brexit” comments we expected. But GBP surged (sell the rumor, buy the fact).
• Also, said parliament will vote on final Brexit deal, which may have supported GBP as well.
Trump jawbones USD lower
• Trump said “Our dollar is too strong”. The US might need to “get the dollar down”.
• This is a hint at FX intervention. USD tumbled yesterday, probably due to this.
• Focus for USD now turns to Yellen’s comments tonight and Trump’s inauguration speech on Fri.
As for the rest of today’s highlights:
• UK: Jobs data for Nov. Unempl. rate exp. to have risen, avg. weekly earnings to have accelerated. We see downside risks to the unempl. rate forecast. GBP-positive.
• US: Fed Chair Yellen speaks on monetary policy. If she maintains her overall optimistic stance, USD could come under buying interest. Also, CPI for Dec. is exp. to have accelerated, which could further support USD.
• Speakers: Besides Chair Yellen, Dallas Fed Pres. Kaplan and Minneapolis Fed Pres. Kashkari.
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