IronFX Daily Commentary by Charalambos Pissouros | 19/05/2017
May 19, 2017 9:30 amVideo
Latest News
- EUR/USD: Bullish momentum halts amid Italy’s dismay on ECB June 28, 2023
- Litecoin: temporary retreat June 28, 2023
- Ethereum: range under development June 28, 2023
- CAD/JPY: downside reversal needs strong confirmation June 28, 2023
- USD/JPY in up channel June 28, 2023
- June 28, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective. June 28, 2023
- June 28, 2023 : EUR/USD Intraday technical analysis and trading plan. June 28, 2023
- June 28, 2023 : GBP/USD Intraday technical analysis and significant key-levels. June 28, 2023
- GBP/USD. Analysis for June 28th. The Bank of England is preparing for further tightening June 28, 2023
- Technical analysis on NZDUSD for June 28th, 2023. June 28, 2023
- Technical analysis on DAX for June 28th, 2023. June 28, 2023
- Technical analysis on Gold for June 28th, 2023. June 28, 2023
- Ichimoku cloud indicator analysis on EURUSD for June 28th, 2023. June 28, 2023
- Technical analysis on Bitcoin for June 28th, 2023 June 28, 2023
- EUR/USD. Analysis for June 28th. The European currency is declining, according to wave analysis June 28, 2023
- EUR/JPY. The pair has set a multi-year price high and is eager for more action June 28, 2023
- Technical Analysis – Exxon Mobil stock stuck in tight range June 28, 2023
- Gold: 1,910 support taken out June 28, 2023
- Trading Signal for GBP/USD for June 28-29, 2023: buy above 1.2620 or if rebounds at 1.2590 (200 EMA – oversold) June 28, 2023
- Yen’s need for intervention June 28, 2023
Dollar carnage pauses; but is it over?
• USD rebounds helped by a video clip of former FBI Director Comey, saying that he wasn’t pressured to end an investigation.
• However, the market looks to have rushed into conclusions.
• He was asked if someone at the Dep. of Justice or the Attorney General had ever asked him to do so. He was not asked about the White House.
• As such, we don’t expect any material change in market sentiment. Risk aversion may prevail again. Safe havens could rebound and stock markets may come under renewed pressure.
Canada CPIs take center stage today.
• Main event today: CPI data for April (12:30 GMT).
• Both the headline and core rates are expected to have ticked up, which could support CAD.
• Nevertheless, we doubt that this will lead to a material change in BoC’s dovish bias.
As for the rest of today’s events:
• Germany: PPI for April (06:00 GMT) but this is usually not a major market mover.
• Canada: Besides CPI data, we also get retail sales for March (12:30 GMT).
• Speakers: ECB Vice President Vitor Constancio (12:00 GMT), ECB Executive Board member Peter Praet (09:00 GMT) and St. Louis Fed President James Bullard (13:15 GMT).
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://goo.gl/jhQIxO
• Like us on Facebook: https://www.facebook.com/IronFX
• Follow us on Instagram: https://www.instagram.com/ironfx
• Follow us on LinkedIn: https://goo.gl/wSEbPN
• 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: