IronFX Daily Commentary by Sakis Paraskevov | 19/01/2016

China’s GDP growth slowest in 25 years • Chinese data showed that GDP growth slowed to +6.9% yoy in 2015, from +7.3% yoy the previous year. The annual rate was the weakest in a quarter of a century, indicating slowing economic momentum for the world’s second biggest economy. • On top of that, retail sales, […]

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IronFX Daily Commentary by Sakis Paraskevov | 18/01/2016

Oil extends declines on Iran sanctions fallout • The UN nuclear agency declared on Saturday that Iran had fulfilled the conditions of its nuclear agreement. As such, Western sanctions on the country’s oil exports have now officially been lifted. • Iran holds approximately 10% of confirmed global oil reserves. The deputy oil minister stated on […]

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IronFX Daily Commentary by Sakis Paraskevov | 15/01/2016

Main points for Today BoJ’s Kuroda: Inflation will steadily head towards the target • BoJ Governor Kuroda reiterated that the country’s underlying price trend is steadily improving towards the Bank’s target and blamed once again the fall in oil prices for the low level of inflation. • What’s more, he said that there is no […]

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IronFX Daily Commentary by Sakis Paraskevov | 14/01/2016

Main points for Today Equity market carnage continues • The start of the earnings season in the stock markets has done nothing yet to reverse the overall risk-off environment. • Having already a rough start for the year, with China at the forefront of developments, US stock markets continue to decline with no clear signs […]

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IronFX Daily Commentary by Sakis Paraskevov | 13/01/2016

WTI falls below $30/barrel • WTI crude oil tumbled, briefly falling below the USD 30 level, its lowest intraday price since December 2003. • The 12-year low price threatens the survival of a number of US shale firms, as they may not be able to remain afloat at the current low prices. It also hints […]

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IronFX Daily Commentary by Sakis Paraskevov | 11/01/2016

Main points for Today • China remains the epicenter of the markets • China’s central bank set the daily midpoint rate for the yuan higher for a second day, in an attempt to ease fears that it is trying to weaken its currency to gain a competitive export advantage. • Nevertheless, the Asian equity markets […]

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IronFX Daily Commentary by Sakis Paraskevov | 08/01/2016

• China suspends stock market circuit-breaker • Effective from today, China will suspend its stock market circuit-breaker mechanism, after it was activated twice this week. • The circuit-breakers were designed to ‘protect investors and reduce volatility’, but many argue they instead had the opposite effects. The 7% breaker had a ‘magnet effect’ where as prices […]

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IronFX Daily Commentary by Sakis Paraskevov | 07/01/2016

Main points for Today • Fed minutes: For some members the hike was a “close call” • Even though the Fed members’ unanimously voted to raise interest rates last month, some policymakers viewed their decision as a “close call” because of concerns about low inflation. • The debate over the outlook for inflation will be […]

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IronFX Daily Commentary by Sakis Paraskevov | 06/01/2016

Main points for Today : • China to keep share sales ban in effect • China will keep in effect its ban on share sales by listed companies’ major shareholders until the government publishes new rules on such share disposals. • China’s securities regulator said that it was studying new rules to restrict share sales […]

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IronFX Daily Commentary by Sakis Paraskevov | 05/01/2016

Main points for Today: • PBoC boost liquidity to calm the markets • China’s central bank injected 130bln yuan (around USD20bln) into the country’s financial system in an effort to calm investors after Monday’s sell-off. • By pumping the funds into the market, the Bank aims to signal that it is still on an easing […]

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IronFX Daily Commentary by Sakis Paraskevov | 04/01/2016

Main points for Today: • Markets in a risk-off sentiment in the first trading session of the year • Tensions in the Middle East boost demand for the safe-haven JPY, CHF and Gold in the first trading session of 2016. • Investors’ risk appetite fell at the start of the year after Saudi Arabia’s execution […]

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IronFX Daily Commentary by Sakis Paraskevov | 24/12/2015

• US latest batch of data show economy is on solid footing • US personal income rose at the same rate as consumer spending in November. The data exceeded expectations and added to the list of encouraging indicators for the final quarter of the year. • These indicators show an improving labor market that is […]

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IronFX Daily Commentary by Sakis Paraskevov | 23/12/2015

• Early accidental release shows US consumption accelerated • Personal spending picked up in November, indicating that consumers boosted the largest part of the US economy heading into the holiday season. • Spending rose by 0.3% from 0.0% (revised down) in October, according to an accidental data release, approximately 12 hours ahead of the scheduled […]

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IronFX Daily Commentary by Sakis Paraskevov | 22/12/2015

The oil glut continues • Oil currencies continue taking a hit as oil prices decline further. Brent crude oil sank to its lowest level since 2004, while WTI stands just above its 2009 lows. • On the supply side, with the US and Russia expanding their production, as well as Iranian oil ready to enter […]

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IronFX Daily Commentary by Sakis Paraskevov | 21/12/2015

Main points for today: • Spanish elections end in a hung parliament • Spain’s ruling Popular Party (PP) lost its parliamentary majority on Sunday in an election that saw the two main political parties losing significant ground to two upstarts: the center anti-corruption party Ciudadanos and the left-wing anti-austerity party Podemos. • Having fallen short […]

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IronFX Daily Commentary by Sakis Paraskevov | 18/12/2015

Main Points for the day • BoJ launches additional stimulus measures in a surprise move • The Bank of Japan kept its policy rates and QE target unchanged, but approved by a 6-3 vote the launch of additional measures aimed at encouraging corporate spending and hiring. • On top of the current exchange traded funds […]

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IronFX Daily Commentary by Sakis Paraskevov | 17/12/2015

• Fed hikes rates: Ends zero-rate era • The FOMC unanimously voted to increase the target range of the federal funds rate by 25bps. • In the statement accompanying the decision, the committee acknowledged considerable improvements in the labor market conditions and expects inflation to return to 2% as the transitory effects of declines in […]

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IronFX Daily Commentary by Sakis Paraskevov | 16/12/2015

• FOMC meeting: A breath ahead of a possible rate hike • Market participants are aligned behind the first rate hike in nearly a decade, with expectations of a 25bps increase. An improvement in labour market data and the rise in inflation are the main drivers behind the expected hike. • The central bankers have […]

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IronFX Daily Commentary by Sakis Paraskevov | 15/12/2015

• RBA releases monetary policy minutes • At this meeting, the Bank kept its benchmark interest rate unchanged amid signs of improvement of business conditions and a somewhat stronger growth in employment. • In the minutes of the meeting, the Bank reiterated that the exchange rate was adjusting to significant declines in commodity prices and […]

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IronFX Daily Commentary by Sakis Paraskevov | 14/12/2015

• Japan’s Tankan survey eases pressure on the BoJ • The BoJ’s favorite measure of economic activity, the Tankan survey, beat expectations in Q4, which could suggest that Japanese companies have been able to cope with the weak domestic consumption and the Chinese slowdown. This could ease pressure on the BoJ to act. • According […]

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IronFX _ Daily Commentary by Sakis Paraskevov | 04/12/2015

Join us for more technical and fundamental analysis: http://www.ironfx.com To get the latest Forex trading news you should: • Download the IronFX Research app : http://www.ironfx.com/en/trading-tools/mobile-apps • Like us on Facebook: https://www.facebook.com/IronFX • Follow us on Twitter: https://twitter.com/IronFXGlobal • Circle us on Google+: https://www.google.com/+Ironfxglobal • Subscribe to our Channel: http://bit.ly/1foFmCU Related Posts:Indicator analysis: Daily review […]

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IronFX Daily Commentary by Sakis Paraskevov | 26/11/2015

Main points for Today • SNB’s Jordan repeats that CHF is overvalued • Swiss National Bank Chairman Thomas Jordan said in an interview that CHF remains overvalued, reaffirming the Bank’s readiness to intervene in the markets if it becomes necessary. • He said that there is no limit on size of SNB’s balance sheet and […]

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IronFX Daily Commentary by Sakis Paraskevov | 25/11/2015

Main points for Today • Dollar falls while yen and commodity currencies rally • The dollar weakened as investors continued to cut long positions ahead of the Thanksgiving holiday, while geopolitical tensions after Turkey downed a Russian warplane caused a flight-to-safety. • In the meantime, commodity currencies (AUD, CAD and NZD) performed well, in part […]

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IronFX Daily Commentary by Sakis Paraskevov | 19/11/2015

Join us for more technical and fundamental analysis: http://www.ironfx.com To get the latest Forex trading news you should: • Download the IronFX Research app : http://www.ironfx.com/en/trading-tools/mobile-apps • Like us on Facebook: https://www.facebook.com/IronFX • Follow us on Twitter: https://twitter.com/IronFXGlobal • Circle us on Google+: https://www.google.com/+Ironfxglobal • Subscribe to our Channel: http://bit.ly/1foFmCU Related Posts:Indicator analysis: Daily review […]

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IronFX Daily Commentary by Sakis Paraskevov | 18/11/2015

Main points for Today • Dollar index soars to its highest level since mid-April • The dollar stayed near a 7-month high against a basket of currencies after the US CPI data for October supported the case for a December rate hike. • In the wake of the encouraging US employment report for October, the […]

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IronFX Daily Commentary | 17/11/2015

Join us for more technical and fundamental analysis: http://www.ironfx.com To get the latest Forex trading news you should: • Download the IronFX Research app : http://www.ironfx.com/en/trading-tools/mobile-apps • Like us on Facebook: https://www.facebook.com/IronFX • Follow us on Twitter: https://twitter.com/IronFXGlobal • Circle us on Google+: https://www.google.com/+Ironfxglobal • Subscribe to our Channel: http://bit.ly/1foFmCU Related Posts:Indicator analysis: Daily review […]

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IronFX Daily Commentary by Sakis Paraskevov | 13/11/2015

Main points for Today • Dollar retreats as Fed officials refrain adding new hints on Dec. rate hike • Several Bank officials spoke on Thursday and the bottom line was held unchanged, the Fed is most likely heading towards its first rate increase in almost a decade, while the ECB, is preparing more measures to […]

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IronFX Daily Commentary by Sakis Paraskevov | 12/11/2015

Join us for more technical and fundamental analysis: http://www.ironfx.com To get the latest Forex trading news you should: • Download the IronFX Research app : http://www.ironfx.com/en/trading-tools/mobile-apps • Like us on Facebook: https://www.facebook.com/IronFX • Follow us on Twitter: https://twitter.com/IronFXGlobal • Circle us on Google+: https://www.google.com/+Ironfxglobal • Subscribe to our Channel: http://bit.ly/1foFmCU Related Posts:Indicator analysis: Daily review […]

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IronFX Daily Commentary by Sakis Paraskevov | 11/11/2015

Main points for Today • Portugal’s left-wing parties ousts the minority government • Portugal’s minority government collapsed on Tuesday, as left-wing parties ousted the ruling center-right party. • The prospect of a government that supports an end to austerity and increase to incomes, leads investors to take aim against the Lisbon’s stock market, which fell […]

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IronFX Daily Commentary by Sakis Paraskevov | 03/11/2015

Main points for Today • RBA keeps interest rates on hold • The Reserve Bank of Australia kept official interest rates unchanged amid signs of improvement of business conditions over the past year and a somewhat stronger growth in employment. • It signalled however that low inflation may afford scope for further easing of policy. […]

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