IronFX Daily Commentary by Charalambos Pissouros | 20/02/2017
February 20, 2017 10:18 amVideo
Latest News
- Overview of the GBP/USD pair. September 3rd. Preview of the week. September 3, 2023
- Overview of the EUR/USD pair. September 3rd. Preview of the week. Lagarde’s speech and GDP September 3, 2023
- Analysis of the trading week from August 28th to September 1st for the GBP/USD pair. COT Report. The market is still keeping September 2, 2023
- Analysis of the trading week from August 28th to September 1st for the EUR/USD pair. COT Report. The dollar continues to September 2, 2023
- September 1, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective. September 1, 2023
- September 1, 2023 : EUR/USD Intraday technical analysis and trading plan. September 1, 2023
- September 1, 2023 : GBP/USD Intraday technical analysis and significant key-levels. September 1, 2023
- Technical analysis on EUR/USD for September 1st, 2023. September 1, 2023
- EUR/USD. Contradictory Nonfarm payrolls have complicated an already difficult situation September 1, 2023
- Technical analysis on DISNEY stock price for September 1st, 2023. September 1, 2023
- EUR/USD: What to expect next? September 1, 2023
- Technical analysis on AMD stock price for September 1st, 2023. September 1, 2023
- Technical analysis on GBPUSD for September 1st, 2023. September 1, 2023
- Technical analysis on Gold for September 1st, 2023. September 1, 2023
- Weekly analysis on EURUSD for September 1st, 2023. September 1, 2023
- Weekly analysis on XRPUSD for September 1st, 2023. September 1, 2023
- Technical Analysis – Dollar index holds below key barrier after mixed NFP September 1, 2023
- Bitcoin celebrates a Pyrrhic victory September 1, 2023
- Trading Signal for EUR/USD for September 1-4, 2023: buy above 1.0830 and sell below 1.0917 (2/8 Murray – 200 EMA) September 1, 2023
- U.S. Dollar Index dynamics scenarios on September 1, 2023 September 1, 2023
House of Lords set to debate Article 50 bill
• Expected to pass the bill without any amendments. Thus, Brexit is still set to be triggered in Mar.
• Still headed for a “hard Brexit” (UK wants control of immigration, EU won’t give full access to single market in that case).
• Investors may begin to focus more on this as we approach the triggering (and after negot. begin).
• Rebounds in GBP may remain limited short-term. Fav. proxy for further GBP softness: GBP/JPY.
RBA February meeting minutes in focus
• Bank was surprisingly optimistic in this meeting. Overlooked soft data as being transitory.
• If the minutes confirm the RBA is as confident as the statement suggests, AUD may gain.
• Another key point will be their view on the strength of AUD (verbal intervention in the future?).
As for the rest of the week:
• Tue: RBA minutes during the Asian morning. From Eurozone, we get prel. manuf. & services PMIs for Jan.
• Wed: FOMC minutes of Feb. gathering. We may see optimistic signals regarding a near-term hike. If so, USD-positive. Also, 2nd estimate of UK GDP for Q4 and Germany’s Ifo survey for Feb.
• Frid: Canada’s CPI data for Jan. We exp. both the headline and the core to have risen.
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