IronFX Daily Commentary by Charalambos Pissouros | 17/01/2017
January 17, 2017 9:01 amVideo
Latest News
- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
- Week Ahead – More inflation data on the way as rate cut bets thrown into disarray April 12, 2024
- Bitcoin will thrive during supply crisis April 12, 2024
- Technical Analysis – EURUSD plummets after US CPI and ECB decision April 12, 2024
UK PM Theresa May set to signal a “hard Brexit”
• Overnight, several media reports confirmed she will say the UK will not be “half-in, half-out” of the EU.
• She will also provide other hints Britain may leave the single EU market, according to her office.
• Given that most of the speech is leaked already, the reaction in GBP may remain somewhat limited while she speaks.
• It’s possible that we see a minor relief bounce in GBP in the aftermath, due to short-covering.
• But given that the broader trend of GBP is to the downside, we’d treat any positive reaction as a corrective phase.
As for the rest of today’s highlights:
• UK: CPI for Dec. is exp. to accelerate. This could prove GBP-positive, but the focus will probably be on PM May’s remarks.
• Germany: ZEW survey for Jan. Both the expectations and the current conditions indices are exp. to rise. Could support DAX somewhat.
• US: NY Fed manufacturing index for Jan. Usually not a major market mover.
• Speakers: Besides UK PM May, we have People’s Republic of China President Xi Jinping and SNB Chair Thomas Jordan who will speak at the World Economic Forum in Davos. Also, NY Fed President Dudley and Fed Board Governor Brainard.
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