IronFX Daily Commentary by Charalambos Pissouros | 18/05/2017
May 18, 2017 9:03 amVideo
Latest News
- GBP/JPY: pound continues to surge May 28, 2023
- GBP/USD: Is there a chance for a price increase? May 28, 2023
- GBP/USD. Overview for May 28. Preview of the week. And again non-farm, unemployment, and the ISM index May 28, 2023
- EUR/USD. Overview for May 28. Preview of the week. Inflation in the European Union and Christine Lagarde’s speech May 28, 2023
- Weekly review of EUR/USD for May 22-27, 2023 May 27, 2023
- Weekly review of GBP/USD for May 22-27, 2023 May 27, 2023
- Analysis of the trading week of May 22-26 for the GBP/USD pair. COT report. The pound is still in no hurry to decline May 27, 2023
- Analysis of the trading week from May 22nd to 26th for the EUR/USD pair. COT Report. The dollar cannot be derailed from its May 27, 2023
- Technical analysis of GBP/USD for May 26, 2023 May 26, 2023
- Technical analysis of EUR/USD for May 26, 2023 May 26, 2023
- XRP/USD: upside continuation to be activated May 26, 2023
- USD/CAD: 1.3663 key upside obstacle May 26, 2023
- May 26, 2023 : GBP/USD Intraday technical analysis and significant key-levels. May 26, 2023
- May 26, 2023 : EUR/USD Intraday technical analysis and trading plan. May 26, 2023
- May 26, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective. May 26, 2023
- Gold: downside scenario takes shape May 26, 2023
- EUR/USD: deeper drop activated as expected May 26, 2023
- Bitcoin insures default risks May 26, 2023
- Trading Signal for EUR/USD for May 26-29, 2023: sell below 1.0742 (21 SMA -0/8 Murray ) May 26, 2023
- EUR/USD: Negotiation track and core PCE index May 26, 2023
USD carnage continues; spills over to equities
• The dollar continued to collapse yesterday, amid heightened uncertainty on the US political front.
• The recent reports suggesting President Trump attempted to interfere with an FBI investigation have weighed on risk sentiment.
• Evident by the surge in safe haven assets (gold, JPY, CHF) and the plunge in stock markets.
• Market scepticism over Trump’s ability to push his tax plans through Congress could continue to weigh on the dollar and stocks in the next days.
• Perhaps until the next major economic event in the US, the release of the FOMC May meeting minutes, due out next week.
Strong employment data lift AUD
• Overnight, Australia’s jobs data for April were much stronger than expected. AUD surged.
• These encouraging data are likely to alleviate some of the RBA’s concerns about the labor market.
Today’s highlights:
• UK: Retail sales for April (08:30 GMT). Both the headline and the core rates are expected to have risen, which could prove positive for sterling.
• US: Philly Fed manufacturing index for May (12:30 GMT) is expected to have declined.
• Speakers: ECB President Mario Draghi (17:00 GMT), ECB Executive Board member Sabine Lautenschlager (12:30 GMT) and Cleveland Fed President Loretta Mester (17:15 GMT).
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