something interesting

<  BACK TO Market Analysis

Forex Week Ahead

Forex-week-ahead_virus-saga-continues_FXPIG

The primary driver for financial markets remains the coronavirus and its potential impact on the global economy.  It is still too early to forecast the peak of the virus or even the impact it will have on the Chinese economy.  The virus was spreading for a month before containment efforts were in place and most cases were mild.  If the virus continues to spread at a rapid rate, we might see Chinese businesses lose confidence in having their employees return to work around Feb 10th.  If China gets a big hit to GDP, we will see all their major trading partners suffer.  We should not be surprised if they are unable to deliver on their promises with the phase-one trade deal.  The risks to the global outlook are growing and we could still see the strong demand for US Treasuries help keep the dollar bid.

In addition to all the incremental virus updates, it will be an extremely busy week with rate decisions, voters in Iowa hit the polls in the first contest for the Democratic nomination and the US employment report which is expected to show the economy is not weak, but nowhere near overheating.

Country

US

Earnings season has been pretty robust, but the focus remains stuck on the coronavirus and its impact on the global economy.  US Treasury yields will continue to freefall if the coronavirus impact intensifies.  The dollar will likely see safe-haven flows if the 10-year breaks the record low of 1.32%.  US stocks could remain vulnerable as Asia reopens.

Next week, Google, Baidu, Sony, Cigna, BP, Total, Disney, and GM report results and they may struggle to replicate the strong results we just saw from Apple, Microsoft and Amazon.

US Politics

The Iowa Caucus is here and Former Vice President Joe Biden, the front-runner looks to derail Vermont Senator Bernie Sander’s recent momentum. The Democrats look to get closer in narrowing down the field and if we see Buttigieg or Warren deliver lackluster results we could learn quickly if Sanders can win over Warren’s supporters.

President Trump will also deliver his State of the Union address to a joint session in Congress.  This however is likely to be more of a campaign event than the announcement of anything new.

UK

The UK is finally leaving the European Union which means the topic of conversation can finally change from if to how. Trade discussions will now begin with the EU, something that should be less interesting and controversial for the UK public. Instead the last few weeks, the Bank of England has been the main topic of conversation with the odds of a rate cut having spiked. The central bank refrained from doing so this week and even indicated that the next move could be higher, rather than lower, just not likely soon. The pace of tightening is also now likely to be slower than previously anticipated. Of course, a lot could change over the coming months as we get more reliable data. The surveys have been better but the hard data needs to confirm or policy makers may be tempted to dip into the tool kit.

Russia

The Central Bank of Russia meets next week as policy makers look to solve the conundrum of why inflation has slipped below target and is continuing to trend lower even as it cuts interest rates. Another rate cut looks on the cards for the central bank as it looks to jump start the economy and hit its inflation target, two things that are currently eluding it. The economy may have other issues that, as with the rest of the world, could be resolved with more central government action but policy makers have plenty of room to lend a hand. At 6.25%, easing are efforts may be far from done but the recent cuts have been incremental and that looks likely to continue.

Mexico

In addition to tracking the weakness that is emerging markets, investors will pay close attention to Mexico’s release of January inflation data.  If we don’t see a strong rebound with prices, we could see calls for another rate cut to grow for the Banxico.

China

The only game in town is the spread of the coronavirus in China and beyond. The number of virus-related cases has now surpassed the total during the SARS epidemic in 2002-03, though fatalities remain low in comparison. The incubation period for the virus is estimated at 14 days, so the numbers are likely to continue to get worse until the 14-days of the first “lockdown” of cities in China. That should be the middle of next week. Any reports of virus-related deaths outside of China would be a severe hit for risk appetite.

Data has taken a back seat with the Wuhan virus grabbing the headlines. Next week’s data releases include the Caixin PMIs for both the manufacturing and services sectors (both seen little changed from the previous month) and the trade data for January. January included the Lunar New Year celebrations, so the risk is the headlines will look far worse than December’s solid numbers. Generally the market aggregates the January and February numbers to remove the distortions of the Lunar New Year break. A better-than-forecast number would be a positive for risk appetite.

Risk

The severity of the escalation in the spread and death toll from the Wuhan virus would hurt risk appetite, pressuring equities to the benefit of the usual safe havens of gold, the yen, the US dollar and US Treasuries. It would be negative for oil and industrial metals.

Hong Kong

Protests have died down though Carrie Lam is facing the same predicament one of her predecessors had in 2002-03. At that time, the leader faced opposition to China-backed national security legislation just as the SARS epidemic hit. Tung Chee-hwa resigned a few weeks later. Current leader Carrie Lam has already faced opposition to her plans to turn a newly-built housing estate into a quarantine facility as protesters set fir to the lobby area.

Risk

The severity of any protests remains the risk driver, with any escalation and violence a negative for the HK33 index and could push USD/HKD back to the upper half of the trading band. A single death in the SAR would intensify pressure for Carrie Lam to resign.

India

The Indian central bank is likely to leave its benchmark rate unchanged at Thursday’s meeting. This would be the second meeting in a row the Bank stands pat after five consecutive cuts in a row during the 2018-2019 period. India reported Thursday its first case of the coronavirus infection.

Risk

A surprise rate cut would push USD/INR higher but may benefit equities. More coronavirus reports would hurt sentiment.

Australia

This week’s data has forced local banks to push back RBA rate cut expectations to the middle of the year, though this has not helped the Aussie amid the current risk-off environment. Tuesday’s meeting is expected to keep benchmark rates unchanged with a forward guidance that refers to the spreading coronavirus.

Risk

A surprise cut or a very dovish accompanying statement would be negative for the AUD. We may get a reference to the economic impact of the bushfires in New South Wales and Victoria states.

New Zealand

Quarterly unemployment data is not expected to spring too many surprises, with estimates suggesting a slight improvement in Q4. The Kiwi dollar continues to be impacted by the risk-off theme across global markets.

Risk

Nothing particular to influence apart from global themes.

Japan

Nothing of note for this week

Risk

Not really applicable…..the stronger yen on the back of safe haven flows is not expected to influence the economy too much.

Market

Oil

After the biggest monthly drop in several months, OPEC + will look to see if they can do anything to prevent prices from collapsing any further.  Oil will have trouble stabilizing unless we see positive news on the virus front or if we see a significant amount of supply removed.  If OPEC delivers another 500k barrels per day of cuts, that could help stabilize prices.

Gold

It seems gold prices are on the verge of ripping higher.  The impact of the coronavirus on the global economy is unknown and it seems many investors may have been too optimistic.  Gold has been capped the $1,600 an ounce level, but if we see severe weakness when Asia returns to the market, we could easily prices target the $1,650 area.

Bitcoin

Bitcoin remains stuck near the upper boundaries of its 5-month range.  Positive steps on attracting mainstream commerce and as regulatory concerns take a backseat in the news cycle have helped Bitcoin rally above $9,000.  It will be difficult to break the $10,000 mark, but if it does we could see crypto enthusiasts return strongly.

Economic Releases and Events

Sunday, February 2nd

7:30 pm AUD Dec Building Approvals M/M: No est v 1.4% prior

8:45 pm CNY China Jan Caixin Manufacturing PMI: 51.0e v 51.5 prior

Monday, February 3rd

2:00 am Turkey Jan CPI Y/Y: 11.8%e v 11.8% prior

3:30 am Hong Kong Q4 Advance Q/Q: -2.2%e v -3.2%e prior; Y/Y: -4.0%e v -2.9% prior

3:55 am Germany Jan Final Manufacturing PMI: 45.2e v 45.2 prelim

4:00 am Eurozone Jan Final Manufacturing PMI: 47.8e v 47.8 prelim

4:30 am UK Jan Final Manufacturing PMI: 49.8e v 49.8 prelim

10:00 am US Jan ISM Manufacturing: 48.4e v 47.2 prior

10:00 am US Dec Construction Spending M/M: 0.4%e v 0.6% prior

4:00 pm Atlanta Fed President Bostic discusses Big Data, Machine Learning/AI, and Digital Money

4:45 pm New Zealand Dec Building Permits M/M: No est v -8.5% prior

10:30 pm Reserve Bank of Australia (RBA) Interest Rate Decision: Expected to leave the Cash Rate unchanged at 0.75%

Tuesday, February 4th

4:30 am UK Jan Construction PMI: No est v 44.4 prior

5:00 am Eurozone Dec PPI Y/Y: No est v -1.4% prior

10:00 am US Dec Factory Orders: 0.7%e v -0.7% prior

10:30 am Mexico Jan Manufacturing PMI: No est v 47.1 prior

4:45 pm New Zealand Q4 Unemployment Rate 4.2%e v 4.2% prior

8:30 pm RBA Governor Philip Lowe gives a speech, entitled The Year Ahead

8:30 PM BOJ’s Wakatabe Speech in Ehime

8:45 pm China Jan Caixin PMI Services: 52.0e v 52.5 prior

Wednesday, February 5th

Poland Central Bank (NBP) Interest Rate Decision: Expected to leave Base Rate unchanged at 1.50%

2:05 am Thailand Central Bank (BOT) Interest Rate Decision: Expected to leave the benchmark interest rate unchanged at 1.25%

5:00 am Eurozone Dec Retail Sales M/M: -0.5%e v 1.0% prior

8:15 am US Jan ADP Employment Change 150Ke v 202K prior

9:45 am US Jan Final Services PMI: 53.2 prelim v 53.2 prior

10:00 am US Jan ISM Non-Manufacturing Index: 55.1e v 55.0 prior

7:30 pm Australia Dec Retail Sales M/M: 0.1%e v 0.9% prior

7:30 pm Australia Dec Trade Balance (A$): 5.0Be v 5.8B prior

Thursday, February 6th

China Trade Data expected by end of week

1:15 am India Central Bank (RBI) Interest Rate Decision: Expected to keep Repurchase Rate unchanged at 5.15%

2:00 am Germany Dec Factory Orders M/M: 0.5%e v -1.3% prior

3:20 am ECB President Lagarde speaks in Brussels

4:00 am ECB publishes Economic Bulletin

7:00 am Czech National Bank (CNB) Interest Rate Decision: Expected to leave 2-week Repurchase Rate unchanged at 2.00%

8:30 am US Weekly Initial Jobless Claims

9:00 am ECB’s Villeroy speaks at conference on over-indebtedness in Paris

9:15 am Fed’s Kaplan speaks on Economic Outlook in Dallas

5:30 pm RBA Lowe’s semi-annual appearance before the House Economics Committee in Canberra

7:30 pm RBA Statement on Monetary Policy

9:00 pm New Zealand Inflation Expectations Q1: No est v 1.8% prior

Friday, February 7th

2:00 am Germany Dec Industrial Production M/M: -0.2%e v +1.1% prior

4:00 am Norway Q4 GDP Mainland Q/Q: 0.3%e v 0.7% prior

8:30 am USD Jan Nonfarm Payrolls: 160Ke v 145K prior; Unemployment Rate to stay steady at 3.5%

8:30 am USD Jan Average Hourly Earnings M/M: 0.3%e v 0.1% prior

8:30 am CAD Jan Net Change in Employment: 17.5Ke v +35.2K prior; Unemployment Rate: 5.7%e v 5.6% prior

11:00 am USD Fed publishes semi-annual Monetary Policy Report

Source: marketpulse

The primary driver for financial markets remains the coronavirus and its potential impact on the global economy.  It is still too early to forecast the peak of the virus or even the impact it will have on the Chinese economy.  The virus was spreading for a month before containment efforts were in place and most cases were mild.  If the virus continues to spread at a rapid rate, we might see Chinese businesses lose confidence in having their employees return to work around Feb 10th.  If China gets a big hit to GDP, we will see all their major trading partners suffer.  We should not be surprised if they are unable to deliver on their promises with the phase-one trade deal.  The risks to the global outlook are growing and we could still see the strong demand for US Treasuries help keep the dollar bid.

In addition to all the incremental virus updates, it will be an extremely busy week with rate decisions, voters in Iowa hit the polls in the first contest for the Democratic nomination and the US employment report which is expected to show the economy is not weak, but nowhere near overheating.

Country

US

Earnings season has been pretty robust, but the focus remains stuck on the coronavirus and its impact on the global economy.  US Treasury yields will continue to freefall if the coronavirus impact intensifies.  The dollar will likely see safe-haven flows if the 10-year breaks the record low of 1.32%.  US stocks could remain vulnerable as Asia reopens.

Next week, Google, Baidu, Sony, Cigna, BP, Total, Disney, and GM report results and they may struggle to replicate the strong results we just saw from Apple, Microsoft and Amazon.

US Politics

The Iowa Caucus is here and Former Vice President Joe Biden, the front-runner looks to derail Vermont Senator Bernie Sander’s recent momentum. The Democrats look to get closer in narrowing down the field and if we see Buttigieg or Warren deliver lackluster results we could learn quickly if Sanders can win over Warren’s supporters.

President Trump will also deliver his State of the Union address to a joint session in Congress.  This however is likely to be more of a campaign event than the announcement of anything new.

UK

The UK is finally leaving the European Union which means the topic of conversation can finally change from if to how. Trade discussions will now begin with the EU, something that should be less interesting and controversial for the UK public. Instead the last few weeks, the Bank of England has been the main topic of conversation with the odds of a rate cut having spiked. The central bank refrained from doing so this week and even indicated that the next move could be higher, rather than lower, just not likely soon. The pace of tightening is also now likely to be slower than previously anticipated. Of course, a lot could change over the coming months as we get more reliable data. The surveys have been better but the hard data needs to confirm or policy makers may be tempted to dip into the tool kit.

Russia

The Central Bank of Russia meets next week as policy makers look to solve the conundrum of why inflation has slipped below target and is continuing to trend lower even as it cuts interest rates. Another rate cut looks on the cards for the central bank as it looks to jump start the economy and hit its inflation target, two things that are currently eluding it. The economy may have other issues that, as with the rest of the world, could be resolved with more central government action but policy makers have plenty of room to lend a hand. At 6.25%, easing are efforts may be far from done but the recent cuts have been incremental and that looks likely to continue.

Mexico

In addition to tracking the weakness that is emerging markets, investors will pay close attention to Mexico’s release of January inflation data.  If we don’t see a strong rebound with prices, we could see calls for another rate cut to grow for the Banxico.

China

The only game in town is the spread of the coronavirus in China and beyond. The number of virus-related cases has now surpassed the total during the SARS epidemic in 2002-03, though fatalities remain low in comparison. The incubation period for the virus is estimated at 14 days, so the numbers are likely to continue to get worse until the 14-days of the first “lockdown” of cities in China. That should be the middle of next week. Any reports of virus-related deaths outside of China would be a severe hit for risk appetite.

Data has taken a back seat with the Wuhan virus grabbing the headlines. Next week’s data releases include the Caixin PMIs for both the manufacturing and services sectors (both seen little changed from the previous month) and the trade data for January. January included the Lunar New Year celebrations, so the risk is the headlines will look far worse than December’s solid numbers. Generally the market aggregates the January and February numbers to remove the distortions of the Lunar New Year break. A better-than-forecast number would be a positive for risk appetite.

Risk

The severity of the escalation in the spread and death toll from the Wuhan virus would hurt risk appetite, pressuring equities to the benefit of the usual safe havens of gold, the yen, the US dollar and US Treasuries. It would be negative for oil and industrial metals.

Hong Kong

Protests have died down though Carrie Lam is facing the same predicament one of her predecessors had in 2002-03. At that time, the leader faced opposition to China-backed national security legislation just as the SARS epidemic hit. Tung Chee-hwa resigned a few weeks later. Current leader Carrie Lam has already faced opposition to her plans to turn a newly-built housing estate into a quarantine facility as protesters set fir to the lobby area.

Risk

The severity of any protests remains the risk driver, with any escalation and violence a negative for the HK33 index and could push USD/HKD back to the upper half of the trading band. A single death in the SAR would intensify pressure for Carrie Lam to resign.

India

The Indian central bank is likely to leave its benchmark rate unchanged at Thursday’s meeting. This would be the second meeting in a row the Bank stands pat after five consecutive cuts in a row during the 2018-2019 period. India reported Thursday its first case of the coronavirus infection.

Risk

A surprise rate cut would push USD/INR higher but may benefit equities. More coronavirus reports would hurt sentiment.

Australia

This week’s data has forced local banks to push back RBA rate cut expectations to the middle of the year, though this has not helped the Aussie amid the current risk-off environment. Tuesday’s meeting is expected to keep benchmark rates unchanged with a forward guidance that refers to the spreading coronavirus.

Risk

A surprise cut or a very dovish accompanying statement would be negative for the AUD. We may get a reference to the economic impact of the bushfires in New South Wales and Victoria states.

New Zealand

Quarterly unemployment data is not expected to spring too many surprises, with estimates suggesting a slight improvement in Q4. The Kiwi dollar continues to be impacted by the risk-off theme across global markets.

Risk

Nothing particular to influence apart from global themes.

Japan

Nothing of note for this week

Risk

Not really applicable…..the stronger yen on the back of safe haven flows is not expected to influence the economy too much.

Market

Oil

After the biggest monthly drop in several months, OPEC + will look to see if they can do anything to prevent prices from collapsing any further.  Oil will have trouble stabilizing unless we see positive news on the virus front or if we see a significant amount of supply removed.  If OPEC delivers another 500k barrels per day of cuts, that could help stabilize prices.

Gold

It seems gold prices are on the verge of ripping higher.  The impact of the coronavirus on the global economy is unknown and it seems many investors may have been too optimistic.  Gold has been capped the $1,600 an ounce level, but if we see severe weakness when Asia returns to the market, we could easily prices target the $1,650 area.

Bitcoin

Bitcoin remains stuck near the upper boundaries of its 5-month range.  Positive steps on attracting mainstream commerce and as regulatory concerns take a backseat in the news cycle have helped Bitcoin rally above $9,000.  It will be difficult to break the $10,000 mark, but if it does we could see crypto enthusiasts return strongly.

Economic Releases and Events

Sunday, February 2nd

7:30 pm AUD Dec Building Approvals M/M: No est v 1.4% prior

8:45 pm CNY China Jan Caixin Manufacturing PMI: 51.0e v 51.5 prior

Monday, February 3rd

2:00 am Turkey Jan CPI Y/Y: 11.8%e v 11.8% prior

3:30 am Hong Kong Q4 Advance Q/Q: -2.2%e v -3.2%e prior; Y/Y: -4.0%e v -2.9% prior

3:55 am Germany Jan Final Manufacturing PMI: 45.2e v 45.2 prelim

4:00 am Eurozone Jan Final Manufacturing PMI: 47.8e v 47.8 prelim

4:30 am UK Jan Final Manufacturing PMI: 49.8e v 49.8 prelim

10:00 am US Jan ISM Manufacturing: 48.4e v 47.2 prior

10:00 am US Dec Construction Spending M/M: 0.4%e v 0.6% prior

4:00 pm Atlanta Fed President Bostic discusses Big Data, Machine Learning/AI, and Digital Money

4:45 pm New Zealand Dec Building Permits M/M: No est v -8.5% prior

10:30 pm Reserve Bank of Australia (RBA) Interest Rate Decision: Expected to leave the Cash Rate unchanged at 0.75%

Tuesday, February 4th

4:30 am UK Jan Construction PMI: No est v 44.4 prior

5:00 am Eurozone Dec PPI Y/Y: No est v -1.4% prior

10:00 am US Dec Factory Orders: 0.7%e v -0.7% prior

10:30 am Mexico Jan Manufacturing PMI: No est v 47.1 prior

4:45 pm New Zealand Q4 Unemployment Rate 4.2%e v 4.2% prior

8:30 pm RBA Governor Philip Lowe gives a speech, entitled The Year Ahead

8:30 PM BOJ’s Wakatabe Speech in Ehime

8:45 pm China Jan Caixin PMI Services: 52.0e v 52.5 prior

Wednesday, February 5th

Poland Central Bank (NBP) Interest Rate Decision: Expected to leave Base Rate unchanged at 1.50%

2:05 am Thailand Central Bank (BOT) Interest Rate Decision: Expected to leave the benchmark interest rate unchanged at 1.25%

5:00 am Eurozone Dec Retail Sales M/M: -0.5%e v 1.0% prior

8:15 am US Jan ADP Employment Change 150Ke v 202K prior

9:45 am US Jan Final Services PMI: 53.2 prelim v 53.2 prior

10:00 am US Jan ISM Non-Manufacturing Index: 55.1e v 55.0 prior

7:30 pm Australia Dec Retail Sales M/M: 0.1%e v 0.9% prior

7:30 pm Australia Dec Trade Balance (A$): 5.0Be v 5.8B prior

Thursday, February 6th

China Trade Data expected by end of week

1:15 am India Central Bank (RBI) Interest Rate Decision: Expected to keep Repurchase Rate unchanged at 5.15%

2:00 am Germany Dec Factory Orders M/M: 0.5%e v -1.3% prior

3:20 am ECB President Lagarde speaks in Brussels

4:00 am ECB publishes Economic Bulletin

7:00 am Czech National Bank (CNB) Interest Rate Decision: Expected to leave 2-week Repurchase Rate unchanged at 2.00%

8:30 am US Weekly Initial Jobless Claims

9:00 am ECB’s Villeroy speaks at conference on over-indebtedness in Paris

9:15 am Fed’s Kaplan speaks on Economic Outlook in Dallas

5:30 pm RBA Lowe’s semi-annual appearance before the House Economics Committee in Canberra

7:30 pm RBA Statement on Monetary Policy

9:00 pm New Zealand Inflation Expectations Q1: No est v 1.8% prior

Friday, February 7th

2:00 am Germany Dec Industrial Production M/M: -0.2%e v +1.1% prior

4:00 am Norway Q4 GDP Mainland Q/Q: 0.3%e v 0.7% prior

8:30 am USD Jan Nonfarm Payrolls: 160Ke v 145K prior; Unemployment Rate to stay steady at 3.5%

8:30 am USD Jan Average Hourly Earnings M/M: 0.3%e v 0.1% prior

8:30 am CAD Jan Net Change in Employment: 17.5Ke v +35.2K prior; Unemployment Rate: 5.7%e v 5.6% prior

11:00 am USD Fed publishes semi-annual Monetary Policy Report

Source: marketpulse

lastest Articles

Market Analysis
Forex Week Ahead – Turning a Corner on COVID-19
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Oil: Energy sector up
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Upsurge testing major resistance
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: EUR/USD falls toward Macron gap, Pound enjoys Javid jump, US consumer, coronavirus eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Australian dollar: Under the weight of the world – Westpac
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar May Rise on Haven Demand as Coronavirus Fears Swell
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: Levels to watch after coronavirus-fueled jump – Confluence Detector
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Edges Lower as Coronavirus Worries Take Back Seat To Stock Gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Fed Chair Powell likely to give Congress largely positive economic update
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Coronavirus fears subside, trio of central bankers set to move USD, EUR, GBP
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD May Rise on Wuhan Virus Risk Ahead of White House Budget
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: China tries to calm coronavirus-hit markets, dollar remains strong, Bitcoin battles $10,000
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD remains capped and vulnerable to additional falls – Confluence Detector
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Virus risk uncertainty, Powell testifies to Congress, RBNZ to signal patience, and Germany’s recession fears
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Oil: Markets await the result of production cuts – Westpac
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold struggles for direction around $1,570/oz
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Oversold conditions implying a bounce
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s Lagarde: Low interest rate and low inflation has significantly reduced the scope to ease policy
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Aussie – the strongest as China trade optimism boosts risk further
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BOJ’s Masai: Will take steps, including those to make easy policy sustainable
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US: Trump win is not done – Standard Chartered
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Euro May Rise on Retail Sales as Traders Eye Key Debt Release
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Coronavirus dampens mood, top US Non-Farm Payrolls hints eyed, Ripple roars
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
Exclusive: FXPIG Secures Bobby Winters as its CEO
https://secure.gravatar.com/avatar/8b0332acc130dc650331fd558f82add2
Market Analysis
British Pound (GBP) Latest: Outlook Bleak as Brexit Slide Continues
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold slides to multi-day lows, below $1570
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Brent crude falls as China cuts refining rates on virus outbreak
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Prices Ease Back Despite China Stock Plunge On Virus Worries
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Coronavirus devastates Chinese markets, Boris pressures the pound, US data eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Virus Saga Continues, Iowa Caucuses are here, RBA to deliver dovish hold, and US NFP to see slight rebound
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Cautiously optimistic on Brexit day; Eurozone data in spotlight
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Crude Oil Prices Gain as WHO Stops Short Of Advising Travel Ban
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: diminishing bets for extra weakness – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
JPY Futures: Extra upside lacks momentum
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Coronavirus boosts Gold, BOE coin-flip and US growth eagerly awaited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
British Pound May Fall on BoE Rate Decision, Brexit Concerns
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s Rehn: Latest information on core inflation signal a rise, EUR/USD attacks 1.10
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar May Bloom on FOMC Outlook, Corporate Earnings
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Coronavirus surpasses SARS, Trump's impeachment gets interesting, Fed in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Prices Steady As Virus Spread Saps Global Risk Appetite
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Calm amid China’s coronavirus storm; US data in spotlight
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB seen ‘on hold’ until end of 2021 – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOMC: All eyes on Chair Powell’s press conference – Deutsche Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD prints YTD lows near 1.1015 post-IFO
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Coronavirus crisis accelerates and knocks down risk, focus on German IFO
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Central banks back to the fore
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Breaking: EUR/USD hits fresh highs as German Preliminary Manufacturing PMI beats estimates with 45.2
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Markets take a break from coronavirus fears, forward-looking data eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s Lagarde: To think that policy is on auto-pilot is ridiculous
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Higher USD/JPY is still on the cards – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Euro May Fall as the ECB Stays Cautious Despite Economic Upturn
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Coronavirus fears spread and weigh on markets, Aussie surges, all eyes on the ECB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Euro Under Dark Clouds as Trump Threatens Auto Tariffs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Stocks in Asia rise, mostly shrug off concerns over coronavirus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BOE Preview: Goodbye Carney, hello rate cut? - Nordea
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
President Trump’s speech at WEF in Davos – Live
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Fed should turn to digital money to combat next recession
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD jumps to session tops, closer to mid-1.3000s on upbeat UK jobs data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Bears now await a break below 1.1065 confluence support
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Pound pressured by Brexit plans, oil bumps on Mod-East issues, Bitcoin hungover
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB preview: It’s all about the strategy – ING
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead - BOJ, BOC, and ECB to keep rates on hold as markets focus on global PMI readings and earnings
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US: Industrial production to retreat again in December – TDS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
European stocks aim at fresh record on China data and Wall Street’s optimism
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Breaking: GBP/USD drops below 1.3100 after UK Retail Sales drop 0.6% MoM in Dec vs. +0.7% expected
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Crude Oil Futures: deeper pullback loses traction
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD prints weekly highs above 1.1160 ahead of ECB, data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Mixed feelings about the trade deal, US retail sales eyed, cryptos consolidate
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Futures: further signs of consolidation
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Crude Oil Futures: an interim low seems in place
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Tariffs weigh on markets, pound recovers ahead of data, Bitcoin takes a breather
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Price Analysis: Focus remains on the 200-day SMA near 1.1140
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US: Focus on Fed speak and CPI today – Rabobank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Trade optimism sends USD/JPY above 110, cryptos climb, US inflation eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week ahead – It’s a trade deal!
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
The WAIT Is Over
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BOE’s Tenreyro: UK labor market is not tightening further, GBP/USD drops 20-pips
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD stays cautious near 1.1100 ahead of Payrolls
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD pares early gains, turns red near 0.6860
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold drops to fresh weekly lows, around $1540 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Sell-offs in gold, oil and Bitcoin following Mid-East calm, central bankers eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/JPY Technical Analysis: Bulls struggling near 141.20-30 confluence support
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold hits fresh multi-month tops, around $1545 region
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Fear grips markets as US kills top Iranian commander, ISM, FOMC awaited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Recovery mode intact on 1.32 after UK Final Dec Manufacturing PMI disappoints with 47.5
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD: Weaker around 0.7000 as USD recovers
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Bulls look to test multi-month highs near 1.1240
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
PAMMs Yearly Update
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD struggles to shakes off bearish pressure, trades around 1.3070
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: EUR/USD tops 1.12, AUD/USD nears 0.70, as end-of-year dollar pressure set to extend
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead: Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
Merry Christmas
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Canada: Weakness in consumer spending continues – RBC
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Gold outshines amid trade deal woes in Christmas Eve markets
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Bounce still capped below 1.1100 ahead of US data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Pre-Chirstmas quiet trading seeps in alongside US-China trade optimism, US data eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Asian stocks: Political pessimism weighs over US-China trade progress
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead: Market in Holiday Mode Despite Impeachment and Brexit
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
Christmas and New Year Trading Schedule
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Supported here?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613