Welcome to the weekly outlook starting this Monday 16 October. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. This is shaping up to be an action-packed week full of key economic indicator releases across the globe. We’ll be getting inflation data out of the UK and […]
EURUSD is neutral since the end of September after pulling back from 1.2091, the highest level since December 2014. The pair is consolidating below 1.1900 around the 50-day moving average. Near-term risk is tilted to the downside with immediate support at 1.1660. EURUSD is expected to remain soft. The recent recovery from the 1.1660 area […]
While market watchers expected today’s US inflation report to give a clearer picture of the inflation path amid concerns whether subdued inflation is temporary or persistent, uncertainties over the direction of inflation increased after US consumer prices disappointed analysts, reducing the odds for a third rate hike before the end of the year. The widely-expected data on US […]
Next week’s economic releases, which includes UK inflation figures, can determine the future path of monetary policy for major economies, while political events, such China’s five-yearly Communist Party Congress commencing on Wednesday, perhaps have the capacity to steer developments for the years to come. Chinese Party Congress, Japanese trade data and elections further ahead and […]
US indices were again trading in record-high territory on Friday as the Dow was up by around 0.2% to 22,882 and the S&P 500 was up by 0.1% at 2,553. The Nasdaq Composite was also up by 0.3%. In Europe, the picture was more mixed as a little before the close, the Stoxx 600 was […]
Once again, the U.S. consumer inflation data came as disappointing. Yesterday’s strong PPI raised hopes for a strong CPI release today, yet inflation acceleration did not live up to expectations. The total annual inflation rate rose from 1.9% to 2.2%. Against expectations of reaching 1.8% and still below Fed’s target of 2%, the core figure […]
The financial markets attract people from all walks of life. Entrepreneurs and business owners are among the most active when it comes to trading. Below is a list of top entrepreneurs who have also successfully dabbled in the financial markets. Jimmy Wales Jimmy Wales is a famous internet entrepreneur who co-founded Wikipedia, a […]
Just like life, the currency market is like a roller-coaster. Take what happened yesterday with the Brexit talks. First in the afternoon we had doom and gloom and then a few hours later we had hope. Like with all divorces, one of the key areas that most lawyers will lock horns over is money. […]
In Asia, the Nikkei 225 added 1.0% to close this week’s trading at its highest since 1996 with the Topix, Japan’s broader equity gauge, gaining 0.5% to finish the week at its highest since 2007. Hong Kong’s Hang Seng rose by 0.1% and the Shanghai Composite advanced by 0.2%. Australia’s S&P/ASX 200 added 0.3% and […]
GBPJPY holds a neutral bias in the near term after stalling its decline from 152.85 to 146.93. Short-term trend and momentum signals are highlighting the lack of direction in the market and point to a consolidation phase between the key levels of 147 and 149. On the 4-hour chart, RSI and MACD are flat, while […]
1. For the most part of the day yesterday and today the markets have been without a clear direction. The Dollar got a temporary boost from better than expected Producer Price Inflation data, however the gains were evaporated in anticipation of the big data today, CPI. Higher inflation data will most likely lead to USD […]
Concerns on the inflation path and questions on the future of tax plans continued to weigh on the dollar on Friday, while the pound drifted higher on reports that the UK may get a 2-year transitional period before it exits the EU. Although yesterday’s encouraging data on US producer prices and initial jobless claims helped the dollar to […]
In early Friday trading, the markets are relatively static as they wait, in anticipation, for today’s US inflation data that will potentially give confirmation that the FOMC will hike interest rates in December. According to the latest CME FedWatch tool, there is an 88% probability of a rate hike in December. Thursday’s release of US […]
Welcome to the weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to examine a successful trade you could have made this week. Event: German Trade Balance Date: Tuesday 10 […]
USDCAD is fading the recent rally from the 1.2061 low and is entering a consolidation phase around the 50-day moving average. The underlying bearish trend remains intact but a neutral bias is expected in the near term. A break below the 50-day MA at 1.2454 would find additional support at 1.2420. Near-term risk is tilted […]
On 17th and 18th November 2017, XM will be attending one of the largest money and investment exhibitions of Germany, World of Trading, organized in Frankfurt. The prestigious two-day event will take place on the premises of Forum der Messe in one of the most significant financial and economic hubs of Germany, Frankfurt. World of […]
The pound could not sustain its rally started during the Asian session on Thursday after discouraging comments on Brexit’s progress by the EU chief negotiator pushed the currency down, making it the worst performer among its major peers. The pound’s weakness, as well as US data on PPI and initial jobless claims, gave a lift to the dollar. The fifth round […]
With the open of US markets, the pan-European Stoxx 600 and the blue-chip Euro Stoxx 50 were both trading lower by 0.1% and 0.2% on the day with major blue-chip benchmarks in Europe giving a mixed picture. The FTSE 100 was the brightest spot in terms of performance among main European blue-chip indices. The closely-watched […]
July-September was another record-breaking quarter for Wall Street, as investors rallied behind upbeat corporate earnings and expectations of tax reform under the Trump administration. European markets in September also rung up their best month of 2017, a sign that the bull market still had legs. The Dow Jones Industrial Average rounded out its eighth consecutive […]
NZDUSD is shifting out of a neutral phase and the bias is tilted to the upside. The 4-hour chart analysis shows that the market was consolidating near 0.7055 and then rallied towards the 50-period moving average where momentum stalled. But there is room for more upside since the RSI indicator is in bullish territory. A […]
The dollar was mostly in the red against its major counterparts during the Asian session after the FOMC meeting minutes released on Wednesday indicated that Fed policymakers had doubts on the inflation path. In contrast, the euro was on track to post gains for the fifth straight day as Catalonia’s questioned status of independence is likely to clear out next week. On late Wednesday, […]
USD broadly declined as the markets digested the release of last month’s FOMC meeting minutes. Many FOMC Members are still concerned with persistently low inflation, which is perplexing many as the US experiences a strong labour force, low unemployment, an increase in average hourly earnings and falling Jobless Claims, which should create inflationary pressure – […]
Yesterday the FOMC stopped acting like a bashful debutante – giggling behind a gloved hand at the mention of “interest rate hike”. Although it seems that the Fed may still be divided about inflation – saying that they would be watching inflation data closely before any interest rate decision is made – the meeting’s minutes […]
USDJPY remains rangebound since the beginning of this year although the recent bullish phase that took prices to the mid-113 handle has shifted to neutral as upside momentum ran out of steam. The market appears to be finding support at the 200-day moving average (MA) and falling below 111.84 would mean a short-term top is […]
The dollar was the worst performer during the European session on Wednesday as both geopolitical risks and uncertainty over Trump’s fiscal policy dragged the currency lower against other major currencies. Comments by the Chicago Fed President, Charles Evans, and disappointing readings on JOLTS job openings added further losses to the greenback. On the other hand, the euro was performing the best as the absence of a […]
It has not been the best year of the dollar, political uncertainty and scandal, multiple Trump Administration resignations and dismals, more recently the friction between the U.S./N. Korea and the drop in Non-Farm Payroll have seen the dollar swing wildly on the markets. With the FOMC minutes release just hours away (scheduled at 18.00 GMT) […]
Most major European benchmarks were trading in the red as the US was opening for trading. At 1330 GMT, the Stoxx 600, which gives a broad picture of European equites, was 0.1% down while the blue-chip Euro Stoxx 50 traded higher by 0.05%. Catalan President Carles Puigdemont called for a dialogue between the Spanish government […]
1. There might be some more action late night tonight as FOMC minutes tonight are likely to confirm that the Fed is on track for a December hike, although with the market pricing this in with around a 70% chance, it may not change expectations much. However, the minutes may reveal more about how the […]
EURJPY maintains a neutral short-term bias and has been trading in a range late September. The consolidation phase is expected to continue due to the lack of clear direction in the market. Looking at the 4-hour chart, the recent uptick in RSI indicates the easing in downside pressure as EURJPY moved to the upper end […]
The Asian session was relatively quiet on Wednesday as economic releases were limited. Following a stressful day in Spain, where Catalonia’s independence was put on hold, the euro remained strong above the 1.18-key level overnight, while the dollar was under pressure against its peers amid escalating geopolitical risks and fears of tax overhaul failing to turn into law. While […]
