US Market Wrap

US markets and risk assets have opened the week higher after a week of controversy.

This morning we can see a clear push towards risk assets and the USD looks like it is going to be dropping through the lows.

Of the major forex pairs, the NZD/USD, GBP/USD and AUD/USD are all leading the push higher, while the risk-off plays remain relatively subdued at this point.

The Data Agenda

The data will be a little lighter this week after some big releases last week ended up being largely overshadowed.

The main central bank decision this week is the RBNZ who is expected to unleash massive stimulus on the economy.

There are a host of FOMC speakers being rolled out along with the ECB forum on central banking on Thursday. This comes on the back of last weeks FOMC announcement.

Jobs will once again be key after last weeks non-farm payrolls and the weekly jobless claims data will be the major one to watch.

Meanwhile, in Europe, the UK and the EU have until Nov. 15 to try and sort some sort of Brexit deal out, after this decision just got delayed last time around. While there seems little progress, again the EUR/USD will be a big focus regardless of what happens.

Forex Signal Update

The FX Leaders Team hit 13 winners from 15 trades for a 86% strike rate in what was another great week for the guy’s thanks to the volatility.

Keep watching the forex signals page as there could be more action ahead in the coming days.

EUR/USD – Active Signal 

The EUR/USD has run up along with the other majors, however, it is a lagger at the moment and remains under resistance. Given the Brexit dramas this week, don’t be surprised to see this one fade or at least not keep up with the others.

DAX – Pending Signal 

The DAX is looking very bullish at the moment and continues to outperform. Keep looking for a signal in either direction at the moment.

Cryptocurrency Update

BTC looks like it is getting set for another run at $16,000 and as we’ve been saying for some time, is bullish.

We have the catalyst, which is a fundamental driver, while the big technical levels have been holding.

I’m not actually going to be surprised if we retest all-time highs in the months ahead. But in the short-term, we trade the levels that we see.