IronFX Daily Commentary by Charalambos Pissouros | 24/01/2017
January 24, 2017 9:16 amVideo
Latest News
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
UK Supreme Court set to announce its decision on Brexit
• Should Parliament vote on triggering Article 50?
• If yes, greater involvement from lawmakers means reduced risk of a “messy” UK-EU divorce.
• Thus, if the Court rules Parliament should vote, GBP could experience another relief rally.
• If no, GBP may come under renewed selling interest, as the risk of a “hard Brexit” increases.
Trump withdraws US from TPP, promises to cut taxes and regulations
• Withdrew the US from TPP, and reiterated he will cut taxes and regulations “massively”.
• Although one would expect these to support USD, the currency finished the day lower.
• Investors may be looking for numbers, not just rhetoric before playing the “Trump trade” again.
• Attention now turns to NAFTA renegotiations (could hurt MXN) and the government’s budget (6th of Feb.).
As for the rest of today’s highlights:
• France, Germany & Eurozone: Prel. Manuf. and services PMIs for Jan. Expectations are for most indices to stay unchanged, or rise a bit, something that could support EUR a bit.
• US: Markit manufacturing PMI for Jan. and existing home sales for Dec.
• Speakers: ECB Executive Board member Sabine Lautenschlager.
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