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Results 231 to 240 of 1122
  1. #231

    GBPUSD: Brexit Fears resume the downtrend

    Fundamental factors:

    The pound fell to a two-month low after Theresa May added to fears that Britain is heading towards “Brexit”.
    In the previous week, UK PMIs Pointed to expansion and beat their estimates, but the pound was unable to gain strength against Dollar.
    Dollar strengthening against Pound could drift the pair lower towards 1.1900/1.1185 levels.
    The uncertainty and fear of Brexit are expected to persist on the pound, which could intensify the selling pressure ahead.
    Trump Press Conference and May talks at Prime Minister’s Question Time on Wednesday would closely watch. However, expecting same lines from both which was there in the previous year.

    GBPUSD Daily Chart:

    [Only registered and activated users can see links. ]Important Forex News Daily.

    EURGBP Daily chart



    [Only registered and activated users can see links. ]Important Forex News Daily.

    Technical Factors:

    As seen above in daily chart of GBPUSD, the pair has found resistance near downward sloping channel, breached the short term support of 1.2200 and resumed the downtrend in the form of minute wave v of minor wave a.
    The pair has formed an inverted Cup and handle pattern (Shown by dark blue color on GBPUSD daily chart). The move below 1.2200 has provided the breakdown in the pattern accompanied by kink up in momentum oscillator ADX of 14 days (shown by circle). Inverted cup and handle works brilliantly in the bear markets.
    From pair trading strategy, EURGBP has resumed the uptrend in the form minute wave b of minor wave 4. This confirms the downtrend for GBPUSD in the coming days and GBPUSD could underperform against EURUSD.
    In short, GBPUSD has resolved the downtrend and it could move lower towards 1.1900/1.1850 over short term which is 0.618of minute wave iii.

  2. #232

    Canadian Business Sentiment Improves On Positive Outlook For US Economy

    Firms are much more optimistic about the future. The balance of opinion on future sales improved again, and now exceeds the historic average '. -Brian DePratto, TD Bank
    Strong US economic growth is likely to boost Canadian business activity in the upcoming months, according to the Bank of Canada's Business Outlook Survey released on Monday. The indicator of current sales growth remained nearly unchanged, while the indicator of expected sales growth climbed from 13% to 26% in the last quarter, the strongest rate since the end of 2014. In the meantime, companies pointed to a fading pressure of low oil prices and improving export prospects amid an optimistic outlook on the US economy. Currently, Canada sends about three-quarters of its exports to the neighbouring country. Moreover, investment intentions advanced to the highest level in two years, whereas the indicator of employment intentions climbed from 30% to 38% in the preceding survey. The number of employers reporting labour shortages reached the highest level since 2013. However, the figure remained well below its pre-financial crisis levels.
    Furthermore, the majority of respondents see the inflation rate would fluctuate between 1% and 3%, below the Bank of Canada's target of 2%. Some companies suggested that inflation would remain weak aimd low commodity prices and sluggish economic growth.

    [Only registered and activated users can see links. ]Important Forex News Daily.

  3. #233

    UK House Prices Jump 1.7% Last Month

    'Slower economic growth, pressure on employment and a squeeze on spending power, together with affordability constraints, are expected to reduce housing demand during 2017 '. -Martin Ellis, Halifax
    British house prices climbed for the second consecutive month in December, driven by a shortage of affordable homes. According to the UK's biggest lender, Halifax, the House Price Index grew 1.7% to £222,484 month-over-month in December, surpassing the 0.3% rise forecast, up from November's upwardly revised gain of 0.6%. This was the fourth straight monthly increase and the largest gain since March 2016.
    Meanwhile, in the three month period ended December 2016, house prices advanced 6.5% year-over-year after climbing 6.0% in the three months to November. The house price inflation rate climbed 2.5% and 6.5% quarter-over-quarter and year-over-year in the Q4, respectively. The average house price jumped around £4,000 last month, the fastest increase since the Brexit vote.
    Separately, Nationwide reported earlier that capital home prices rose at a slower pace than an average rise in the UK, for the first time in 8 years. However, house prices advanced 4.5% on annual basis, at the same rate as in 2015. Analysts suggest that the UK housing market growth is expected to slow 1-4% during 2017.

    [Only registered and activated users can see links. ]Important Forex News Daily.

  4. #234

    European Market Update: Czech CPI Hits Target For 1st Time In 4 Years

    European Market Update: Czech CPI Hits Target For 1st Time In 4 Years

    Czech CPI hits target for 1st time in 4 years
    EU Mid-Market Update: Czech CPI hits target for 1st time in 4 years; raising expectations of removal of FX floor
    Notes/Observations
    Norway CPI data keeps door open for more rate cuts
    Czech CPI hits target for 1st time in 4 years; raising expectations of removal of FX floor
    France Nov Industrial and Manufacturing Production data handily beats expectations
    Various OPEC/Non-OPEC members continue touting compliance to production cut
    Overnight:
    Asia:
    China Dec PPI Y/Y: 5.5% v 4.6%e (4th straight positive print and highest level since Sept 2011)
    China NDRC chairman Xu: China 2016 GDP may grow over 6.7% (vs. 6.5-7.0% target); CPI is growing moderately at 2% (vs. 3% target)
    Europe:
    Chancellor Hammond: no decisions have been made yet as to which structures would be suit Govt aspirations (single market access or customs union) post Brexit. UK sought
    a free trading relationship with the EU
    Americas:
    Trump said to name his son-in-law (Jared Kushner) as senior adviser to the President
    Economic data
    (JP) Japan Dec Consumer Confidence: 43.1 v 40.9 prior (1st improvement in 3 months)
    (CH) Swiss Dec Unemployment Rate: 3.5% v 3.5%e, Unemployment Rate (Seasonally Adj): 3.3% v 3.3%e
    (NO) Norway Dec CPI (miss) M/M: -0.5% v -0.1%e; Y/Y: 3.5% v 3.9%e
    (NO) Norway Dec CPI Underlying M/M: -0.4% v -0.1%e; Y/Y: 2.5% v 2.8%e
    (FR) France Nov Industrial Production M/M: 2.2% v 0.6%e; Y/Y: +1.8% v -0. 2%e
    (FR) France Nov Manufacturing Production M/M: 2.3% v 0.7%e; Y/Y: +1.4% v -0.2%e
    (DK) Denmark Dec CPI M/M: 0.0% v 0.1%e; Y/Y: 0.5% v 0.6%e
    (CZ) Czech Dec CPI M/M: 0.3% v 0.3%e; Y/Y: 2.0% v 1.9%e (hits inflation target for 1st time in 4 years)
    (SE) Sweden Nov Industrial Production M/M: 1.2% v 1.5%e; Y/Y: 0.1% v 0.0%e
    (BR) Brazil Jan IGP-M Inflation (1st Preview): 0.9% v 0.8%e
    (IT) Bank of Italy (BOI) Nov Bad bank loans -1.7% v -1.0% y/y (€199.1B v €198.6B prior)
    Fixed Income Issuance:
    (EU) EFSF opened its book to sell €3.0B in Nov 2022 bond; guidance seen -19bps to mid-swaps
    (NL) Netherlands Debt Agency (DSTA) sold €940M vs. €0.75-1.25B indicated range in 2.75% 2047 DSL Bonds; Avg Yield: % v 1.616% prior
    (AT) Austria Debt Agency (AFFA) sold total €1.1B vs. €1.1B indicated in 2026 and 2047 RAGB bonds
    Sold €650M in 0.75% Oct 2026 RAGB bond; Avg Yield: 0.514% v 0.596% prior; Bid-to-cover 2.33x v 2.49x prior
    Sold €350M in 1.5% Feb 2047 RAGB; Avg Yield: 1.478% v 1.015% prior; Bid-to-cover: 3.61x v 3.79x prior
    (ID) Indonesia sold total IDR6.6T in Islamic bonds
    (ZA) South Africa sold total ZAR2.35B vs. ZAR2.35B indicated in 2037, 2041, and 2048 bonds
    (HU) Hungary Debt Agency (AKK) sold HUF30B in 3-month Bills; Avg Yield: 0.14% v 0.15% prior; Bid-to-cover: 2.98x v 1.69X prior
    (EU) ECB allotted €32.3B in 7-Day Main Refinancing Tender at 0.00% vs. €33Be
    (DE) Germany sold €793M vs. €1.0B indicated in 0.1% Apr 2026 I/L Bund; Real Yield: -1.07% v -0.94% prior; Bid-to-cover: 1.8x v 1.8x prior
    (UK) DMO sold £750M in 0.125% I/L 2046 Gilts; Real Yield: -1.532% v -1.599% prior; Bid-to-cover: 1.82x v 1.57x prior
    (BE) Belgium Debt Agency (BDA) sold total €2.0B vs. €1.6-2.0B indicated range in 3-Month and 12-Month Bills
    SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM
    Index snapshot (as of 10:00 GMT)
    Indices [Stoxx50 -0.2% at 3,304, FTSE +0.2% at 7,248, DAX -0.1% at 11,559, CAC-40 -0.1% at 4,884, IBEX-35 -0.6% at 9,438, FTSE MIB -0.2% at 19,331, SMI -0.2% at 8,407, S&P 500 Futures flat]
    Market Focal Points/Key Themes: European equity indices are trading generally lower with the FTSE 100 outperforming once again; Banking stocks weighing in the Eurostoxx with shares of BBVA, Deutsche Bank, and Intesa Sanpaolo trading notably lower; Banking stocks also weighing in the IBEX, with the Italian peripheral lenders weighing in the FTSE MIB; shares of Siemens trading notably higher after receiving an analyst upgrade; commodity and mining stocks trading notably higher in the FTSE 100 as copper prices trade sharply higher intraday. Just the one upcoming scheduled US earning (pre-market) Lamb Weston.
    Equities (as of 09:50 GMT)
    Consumer Discretionary: [Boohoo.com BOO.UK +1.0% (trading update), Just Eat JE.UK -7.5% (FY16 orders), Matas MATAS.DK +4.6% (Q3 sales), Metro AG MEO.DE -2.0% (Q1 sales)]
    Consumer Staples: [WM Morrison MRW.UK +4.0% (Christmas sales)]
    Financials: [Harworth Group HWG.UK +3.9% (trading update)]
    Healthcare: [Evolva Holding EVE.CH -22.4% (Cuts outlook, stevia collaboration update)]
    Technology: [Siemens SIE.DE +1.4% (analyst upgrade)]
    Speakers
    German Industry Lobby BDI set 2017 GDP growth forecast at ~1.5% with export growth between 2-3%
    Germany far-right AFD party co-leader Meuthen: Euro zone should be split into two with a strong cluster around Germany and a weak cluster including France. German economy could suffer for a year or two in the wake of such a euro zone split
    Colombia Central Bank Gov Echavarria: CPI target might require interest rate caution
    China State researcher Zhu Baoling reiterated view that govt should consider one-off devaluation of the yuan exchange rate in 2017 noting that devaluation was justified by economic conditions now
    China Politburo Standing Committee reiterated to promote stabke and healthy economic development and promote social stability in 2017
    Russia oil companies said to be cutting production (in line with OPEC agreement) with output cuts exceeding 50K bpd. Russia invited to oil monitoring meeting in Vienna on Jan 21-22nd
    Iraq Oil Min Al-Luaibi: Iraq has cut 160K bpd oil output under the OPEC agreement
    Currencies
    USD continued to consolidate against most major pairs as dealers took its cue from narrowing US yield spread as the 2- and 10-year yields were under 112 bps (compered to 137bps in mid-Dec). The greenback was off its worst levels in a quiet session with EUR/USD hovering just below the 116 level.
    USD/JPY tested 115.20 during the session Asian but was re-approaching 116 just ahead of the NY morning.
    GBP/USD bucked the trend was off by 0.2% at 1.2130 area.
    TRY currency (Lira) hits fresh record lows as pair approaches 3.78 level as parliament continued debates over constitutional amendments that would hand the President sweeping executive powers and limit checks and balances
    Market participants were aggressive placing bets on the removal of the EUR/CZK currency floor after Czech Dec inflation hit the central banks 2% target for the 1st time in four years. Forwards fixing exchange rate 12 months from now fell below 26.60 level for its strongest on closing basis since Czech Central Bank imposed 27/EUR cap back in Nov. 2013
    Fixed Income:
    Bund futures trade at 163.09 up 14 ticks consolidating around the 163 mark, as Equities post a slight decline. Support moves to 162.85 initially followed by yesterday low of 162.47 then 162.24. Resistance moves to 163.33 followed by 163.76 then 164.52.
    Gilt futures trade at 124.66 up 7 ticks with continued weakness in Sterling putting pressure on yields. Continued upside continues to target 125.13 initially then 125.35 followed by 125.51. A move lower sees support at 124.55 followed by 124.17 way to 123.86. Short Sterling futures trade flat with Jun17Jun18 trading at 15/16bp.
    Tuesday's liquidity report showed Monday's excess liquidity rose to €1.252T a rise of €2B from €1.250T prior. This was primarily due to AFs and MonPol portfolios falling to negative €780.5B. AFs are negative when the MonPol portfolios exceeds the liquidity absorbing effect of AFs. Use of the marginal lending facility fell to €137M from €249M prior.
    Corporate issuance saw $10.7B come to market via 9 deal's led by Deutsche Telekom 4 part $3.5B offering and Marsh & McLennan $1B 2 part offering.
    For Euro denominated issuance activity remains buoyant with 15 deals priced yesterday. Names included NN Group, HeidelbergCement and Commerzbank. This morning has continued to see strong activity with a dual tranche offering from Telefonica and BASF to name a few.
    Looking Ahead
    (IR) Iran, International negotiators meet in Vienna
    (PT) Bank of Portugal reports Dec ECB financing to Portuguese Banks
    (RU) Russia Dec Sovereign Wealth Fund Balances: Reserve Fund: No est v $31.3B prior; Wellbeing Fund: No est v $71.3B prior
    (MX) Mexico Dec Nominal Wages: No est v 4.5% prior
    06:00 (US) Dec NFIB Small Business Optimism: 99.5e v 98.4 prior
    06:00 (BR) Brazil Nov Retail Sales M/M: +0.3%e v -0.8% prior; Y/Y: -5.4%e v -8.2% prior
    06:00 (BR) Brazil Nov Broad Retail Sales M/M: -0.3%e v -0.5% prior; Y/Y: -5.8%e v -10.0% prior
    06:00 (BR) Brazil CONAB Report
    06:00 (TR) Turkey to sell 2.7% I/L 2026 Bonds
    06:00 (RU) Russia announces weekly OFZ bond auction
    06:45 (US) Daily Libor Fixing
    07:00 (CZ) Czech Central Bank comments on Dec CPI data
    07:45 (US) Weekly Goldman Economist Chain Store Sales
    08:00 (RU) Russia Dec Final CPI M/M: No est v 0.4% prelim; Y/Y: No est v 5.4% prelim
    08:00 (RU) Russia Dec CPI Core M/M: 0.4%e v 0.4% prior; Y/Y: 6.0%e v 6.2% prior
    08:15 (UK) Baltic Dry Bulk Index
    08:15 (CA) Canada Dec Annualized Housing Starts: 190.0Ke v 184.0K prior
    08:30 (CA) Canada Nov Building Permits M/M: -6.0%e v +8.7% prior
    08:55 (US) Weekly Redbook Sales
    09:00 (EU) Weekly ECB Forex Reserves: No est v €286.4B prior
    09:00 (MX) Mexico Oct Gross Fixed Investment: 0.3%e v 0.7% prior
    09:00 (BR) Brazil to sell I/L 2022. 2026. 2035 and 2055 Bonds
    09:50 (UK) Bank of England (BOE) Bond Buying Operation (over 15 years)
    10:00 (US) Nov Wholesale Inventories (Final) M/M: 0.9%e v 0.9% prelim; Wholesale Trade Sales M/M: 0.5%e v 1.4% prior
    10:00 (US) Nov JOLTS Job Openings: 5.50Me v 5.534M prior
    10:30 (CA) Canada to sell combined C$9.0B in 3-month. 6-month and 12-month bills
    11:30 (NZ) New Zealand Dec QV House Prices Y/Y: No est v 12.4% prior
    11:30 (US) Treasury to sell 4-Week Bills
    12:00 (US) DOE Short-Term Crude Outlook
    13:00 (US) Treasury to sell 3-Year Notes
    16:30 (US) Weekly API Oil Inventories

  5. #235

    British Pound Heads Lower as US Dollar Pulls Back Recent Losses

    The British Pound moved lower on ongoing Brexit worries Tuesday, while the US Dollar recouped some of its recent losses as investors wait for President-elect Donald Trump’s first press conference Wednesday. While Trump’s Twitter account has been active since he won the keys to the White House and given clues to his policies, tomorrow’s press conference will give Trump the platform to add more meat to the bones of his tax and spending plans.

    EURUSD traded back down below 1.0590 after hitting an overnight high of 1.0627 and remains close to January’s 1.0338 low. A break below this could take the pair back to levels last seen in early 2003.

    Chart: EURUSD 5-Minute Timeframe (January 09-10 2017)
    [Only registered and activated users can see links. ]Important Forex News Daily.

    Across the pond, GBPUSD continues to probe the downside as PM Theresa May’s plans for Brexit come under increasing scrutiny. PM May, who has stated that Article 50 will be triggered by the end of March, is under pressure from the electorate to outline the government’s plans for leaving the EU. PM May and her negotiating team, however, are reluctant to give too much away ahead of the tricky divorce proceedings. The UK currency continues to be dominated by political uncertainty despite recent data showing the UK economy seemingly in good health. The FTSE 100, aided by the weak currency, made a fresh record high in early trade, while the domestically-oriented FTSE 250 also traded in uncharted territory as equity investors shrug off Brexit fears and focus on the recent strong economic releases.

    Chart: GBPUSD 5-Minute Timeframe (January 09-10 2017)
    [Only registered and activated users can see links. ]Important Forex News Daily.

  6. #236

    Euro Steady, US Jobs Report Next

    EUR/USD has edged lower in the Tuesday session, as the pair trades at 1.0570 in North American trade. On the release front, French Industrial Production posted a sharp gain of 2.2%, easily beating the forecast of 0.5%. Later in the day, the US releases JOLTS Job Openings, with an estimate of 5.59 million.
    Low inflation rates in the Eurozone have long been a headache for the ECB, which has slashed interest rates almost to zero in an attempt to kick-start the economy and raise inflation. As we enter 2017, the picture appears somewhat brighter. Inflation indicators showed improvement in the fourth quarter of 2016. CPI Flash Estimate posted a strong gain of 1.1% for December, up from 0.6% a month earlier. The last time the indicator cracked the 1.0% level was in August 2013. Next week, we'll get a look at Final CPI numbers for Germany and the Eurozone. Although inflation indicators are moving in the right direction, inflation still remains well below the ECB's target of 2.0%.
    The US released key employment numbers on Friday and the markets responded with a thumbs-up, boosting EUR/USD. Wages rebounded in December, as Average Hourly Earnings climbed 0.4%, edging above the estimate of 0.3%. This marked a strong turnaround after the November reading of -0.1%. The news was not as bright from Nonfarm Payrolls, which dropped to 156 thousand, well off the estimate of 175 thousand. This marked a 3-month low, but the dollar still posted gains. The unemployment rate edged up to 4.7%, matching the forecast.
    The US dollar was broadly lower after the Federal Reserve released the minutes of its December meeting. The minutes were cautious in tone, with Fed policymakers essentially saying that monetary policy in the coming months will be dictated in large part by the economic platform of the incoming Trump administration, which remains unclear. FOMC members expressed concern about higher inflation levels, given the "prospects for more expansionary fiscal policies in the coming years". This is a clear reference to president-elect Trump's plans to increase fiscal spending and cut taxes, which would likely result in higher inflation, something the US hasn't had to deal with in years. Still, policymakers haven't changed their view that gradual rate hikes remains an appropriate monetary policy. Many analysts are predicting another rate hike in June, but this forecast could easily change, depending on the performance of the US economy in the first half of 2017

  7. #237

    Brent and NYMEX surge in Asia notwithstanding API build

    Brent and NYMEX surge in Asia notwithstanding API build

    On Wednesday, crude prices drifted higher during Asia trade, shrugging off an industry-reported build in American inventories ahead of official figures later from the US Department of Energy.

    Late on Tuesday, the American Petroleum Institute reported that crude stocks inched up 1.5 million barrels the previous week, above a prediction of a 900,000 barrels build.

    In New York, February delivery American crude futures inched up 0.28%, trading at $50.96 a barrel. In London, Brent futures rallied 0.22%, hitting $53.76 a barrel.

    Overnight, oversupply concerns held sway, thus taking crude steeply lower.

    Currently, worries are focused on whether the OPEC as well as non-OPEC producers keep to their promised output cut pact, made in 2016 just to trim almost 1.8 million barrels per day from global energy markets.

    Meanwhile, Iraq’s still producing and also selling full allocations of its crude to refiners in Asia as well as Europe.

    [Only registered and activated users can see links. ]Important Forex News Daily.

  8. #238

    Stocks in Asia are mixed as attention turns to Trump

    Stocks in Asia are mixed as attention turns to Trump

    On Wednesday, Asian shares were narrowly mixed because the first full press conference by Donald Trump since the November election is expected to take center stage on the same day, considering his shocking allegations regarding ties to Russia.

    Trump’s press conference comes as news agencies point out that briefing materials prepared for him included information, which initially circulated among Trump’s rivals and was passed to American intelligence agencies, thus making damaging allegations about his dealings with Russia. However, Donald Trump denied these reports in Twitter.

    The S&P/ASX 200 added 0.25%, the Nikkei 225 grew 0.36%. Meanwhile, Toshiba stocks rallied 5.89%, hitting Y305.4, after on Tuesday, the Japanese conglomerate met creditors and asked them not to utilize provisions in debt agreements just to call in their loans early so as to give the company enough time to work out a solid plan, as Reuters informed.

    [Only registered and activated users can see links. ]Important Forex News Daily.

  9. #239

    USD/CAD ahead of Crude Oil Inventories: Can we expect another selling's wave?

    The oil has been on the wires during the last weeks and during yesterday’s session, we saw a decline in the prices per barrel. Today we’ll have a key event at 15:30 GMT with the Crude Oil Inventories from the US. Market’s consensus is calling for an increase of about 0.9M in stockpiles, which is a data higher than the last week’s draw of -7.1M. If data comes in better than expected, CAD should strengthen across the board against its major competitors.

    Our technical view for USD/CAD at H1 chart remains bearish as the pair continues to trade below the 200 SMA at H1 chart, as well as below the bearish trend line plotted from December 28th highs. We can expect a strong breakout below the support level of 1.3200 if Oil’s data comes in better-than-expected, with a near-term target around 1.3100, while a weak data or within the expectations should send the Loonie to test the 1.3280 level, which is near to the trend line mentioned above.

    [Only registered and activated users can see links. ]Important Forex News Daily.

  10. #240

    USD/CAD Conspicuously Lags Oil, Dollar Looks for Trump Policy

    Talking Points:

    The Dollar sported key event risk in a record-breaking small business sentiment report, but its move proved lackluster
    Oil was a top mover again Tuesday with production headlines leading the way - so why isn't USD/CAD posting a reversal?
    A scheduled Trump conference, OPEC production meeting and run of economic data top schedules Wednesday

    The top scheduled event risk this past session once again fell short of the mark for major market movement this past session. Top listings on the economic docket included the US small business sentiment survey (NFIB) and Chinese inflation figures. Both measures offered up significant change in their course, but neither Dollar nor Yuan responded in kind. The headline reading surged to a 12-year high and the forecast component posted its biggest monthly jump since the series began. As the largest source of jobs in the US, this would seem a clear boon to the economy and Dollar, but markets didn't seem to judge it that way. Meanwhile, the accelerating producer inflation in China has revived the 'exported inflation' theme that had previously prompted global monetary policy course adjustments. This time however, USD/CNH couldn't capitalize on an already active market.

    Where price action outstripped its scheduled fundamental offerings was with oil...again. The commodity dropped heavily for a second day to more definitively curb appetite for the long-term inverse head-and-shoulders pattern that fell apart at launch this past month. Interestingly enough, despite the drive and course change, USD/CAD has still defied its long standing correlation to the commodity. From a technical, fundamental and market condition perspective; this pair represents a best fit for what the markets have to offer. In fact, many of the Canadian Dollar crosses are appealing - such as GBP/CAD, AUD/CAD and NZD/CAD. However, the oil relationship remains a wildcard. Perhaps the purported OPEC and Non-OPEC production monitoring meeting scheduled today will motivate more from both oil and USD/CAD.

    While it is worth keeping tabs on risk trends, Brexit and other key themes (USD/JPY, Yen crosses and EUR/GBP are some of the most fundamentally-appealing crosses in the market); powder should be kept dry until they are showing real conviction. Events like UK trade and the Brazilian rate decision are unlikely to tip the scales. In contrast, the proposed press conference announced by President-elect Trump last week can generate reaction from the market via the never the market currently finds most sensitive - the intersection between risk trends, monetary policy and trade relationships. With fiscal stimulus, trade policies and other key agenda points still up in the air; the market will be tuned in.

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