Forex Signals US Session Brief, Feb 14 – Not Much Love For Anything in Particular on This Valentine’s Day

Posted on February 14, 2020 by Skerdian Meta

Today we had some decent economic data releases for Valentine’s Day, most of which were pretty soft. It started in the Asian session with the industrial production showing a decline in Japan in December, while German economy fell flat in Q4 of last year, with the GDP at 0.0%, against 0.1% expected. The Eurozone economy expanded by 0.1% indeed in Q4, but that’s pretty soft as well, and the YoY ws revised down to 0.9%, from 1.0%. Retail sales from the US seemed OK at first glance, but after looking further into the details, that report wasn’t too good either. Continue reading “Forex Signals US Session Brief, Feb 14 – Not Much Love For Anything in Particular on This Valentine’s Day” →

Forex Signals US Session Brief, Feb 11 – UK Economy Narrowly Misses Contraction in Q4

Posted on February 11, 2020 by Skerdian Meta

The pandemic in China is what has been driving markets around since mid January. News about the virus keep messing with the sentiment, flipping it around from positive to negative day to day and vice versa. New cases keep coming up, heading towards 50k in total, while deaths have surpassed 1,000. Two main officials have been fired in Wohan on failure to stop the spread of the virus, but Coronavirus fears have resided somewhat and risk assets are retracing higher, with stick markets climbing fior the second day, while commodity dollars climbed today. Continue reading “Forex Signals US Session Brief, Feb 11 – UK Economy Narrowly Misses Contraction in Q4” →

Forex Signals US Session Brief, Feb 7 – Investor Confidence and Sentiment Deteriorate Further on Coronavirus Fears

Posted on February 10, 2020February 10, 2020 by Skerdian Meta

Coronavirus fears have returned and are keeping markets subdued once again during the start of this week. Markets were lacking direction in the Asian session, but they did take a side in the European session and the direction was down of course, especially for risk assets such as stock markets and commodity dollars, while safe havens have been grinding higher, but are not running anywhere fast. This shows that traders are being cautious, they are moving away from risk assets, but are not in panic mode yet. Continue reading “Forex Signals US Session Brief, Feb 7 – Investor Confidence and Sentiment Deteriorate Further on Coronavirus Fears” →

Forex Signals US Session Brief, Feb 7 – Coronavirus Keeps Messing with Markets, Despite Employment Reports Today

Posted on February 7, 2020 by Skerdian Meta

Coronavirus fears have returned again and are starting to rear its ugly head in the markets today, with news about the 41 cases on a cruise ship in Japan hurting the risk sentiment early today before a further softening, as Singapore raised its alert level to ‘Orange’ – similar to that of SARS. Besides the coronavirus, today we also had some important economic data being released, with industrial production posting a big decline of 3.5% in December in Germany, following the decline in factory orders in the last several months of last year. In france, industrial production fell by 2.8%. Continue reading “Forex Signals US Session Brief, Feb 7 – Coronavirus Keeps Messing with Markets, Despite Employment Reports Today” →

Forex Signals US Session Brief, Feb 6 – Risk Sentiment Improves on China Tariffs Reduction, but Reverses Again

Posted on February 6, 2020 by Skerdian Meta

The sentiment has been pretty negative in financial markets in the last several weeks, due to coronavirus outbreak, hurting risk assets such as commodity Dollars and helping safe havens such as Gold climb higher. But, the sentiment improved yesterday, after rumours that a cure might be found soon. But, the cure is not here yet. Although, comments from China officials about tariffs reduction for US imports on China helped improve the sentiment further today.
Continue reading “Forex Signals US Session Brief, Feb 6 – Risk Sentiment Improves on China Tariffs Reduction, but Reverses Again” →

Forex Signals US Session Brief, Feb 5 – Sentiment Flips Around on Coronavirus Updates

Posted on February 5, 2020 by Skerdian Meta

Once again, markets are concentrated on risk sentiment and the coronavirus outbreak this week, beginning the week with some relative calm, as we mentioned yesterday, which continued today as well in the morning, turning even more risk-on, on virus treatment hopes. We saw two separate reports being released today about possible drugs which would help fight coronavirus, one from China and one from UK. they were released around the same time but either way, risk jumped on the headlines as European stocks turned losses to gains and Treasury yields also spiked higher across the curve. Continue reading “Forex Signals US Session Brief, Feb 5 – Sentiment Flips Around on Coronavirus Updates” →

Forex Signals US Session Brief, Feb 4 – Safe Havens Turn Bearish As Sentiment Improves

Posted on February 4, 2020 by Skerdian Meta

The sentiment has improved somewhat today.In the last few weeks, the coronavirus outbreak in China sparked fears in financial markets that this might turn into a major pandemic. Safe havens have been surging higher during this time, while risk assets have declined. Yesterday the decline slowed considerably in risk assets and stalled at some point, as the pace of coronavirus spreading slowed down considerably in recent days, compared to previous weeks when it was spreading very quickly. Continue reading “Forex Signals US Session Brief, Feb 4 – Safe Havens Turn Bearish As Sentiment Improves” →

Forex Signals US Session Brief, Feb 3 – US ISM Manufacturing Comes Out of Contraction

Posted on February 3, 2020 by Skerdian Meta

The market sentiment has been negative so far this year and continues to be so today, especially when markets were opened today. They have been closed in China for a couple of weeks due to the Chinese New Year and the coronavirus outbreak in Wuhan. Today they opened the financial markets, which fell around 8% during the Asian session, but that doesn’t look too bad, considering the severity of the situation. In fact, a 8% decline only, is considered as a win, taking into account that this will have a big effect on China’s economy in the coming months.
Continue reading “Forex Signals US Session Brief, Feb 3 – US ISM Manufacturing Comes Out of Contraction” →

Forex Signals US Session Brief, Jan 31 – Important Data being Released Today, But Markets Are Still Trading the Coronavirus

Posted on January 31, 2020 by Skerdian Meta

The sentiment has been pretty negative so far this year, after the escalating tensions between US and Iran and later the corona-virus outbreak in China. China has taken strong measures to fight the epidemic, which has helped the sentiment in the last few days, but today we saw some cases in UK and Italy, which have turned the sentiment negative again. If the virus spreads across the globe, it won’t matter if China fights it back. So, we’re close to a widespread panic, which would sent stock markets diving lower and safe havens such as [[Gold]] surging even higher. Continue reading “Forex Signals US Session Brief, Jan 31 – Important Data being Released Today, But Markets Are Still Trading the Coronavirus” →

Forex Signals US Session Brief, Jan 30 – BOE Turns Less Dovish, US Q4 GDP Remains at 2.1%

Posted on January 30, 2020 by Skerdian Meta

The main global events have been driving market around this month, like the global economic slowdown, the trade war, Phase One deal between US and China, tensions between US and Iran, Brexit, other geopolitical tensions such as the attack on Saudi Arabia’s Oil producing facilities. Speaking of the last event, crude Oil jumped higher yesterday after reports of the attacks, but that was not anything major and crude Oil has resumed the bearish trend. But, today markets concentrated on economic events, such as the Bank of England meeting and the GDP release from the US for Q4 of 2019. Continue reading “Forex Signals US Session Brief, Jan 30 – BOE Turns Less Dovish, US Q4 GDP Remains at 2.1%” →