Forex Signals US Session Brief, Jan 24 – Positive Data From Europe Couldn’t Help the Euro or the GBP

Posted on January 24, 2020January 24, 2020 by Skerdian Meta

The economy of the Eurozone slowed down a great deal last year and the European Central Bank turned dovish, cutting deposit rated further in negative territory and restarting another QE programme. All other major central banks turned dovish last year, cutting interest rates several times and now the Bank of England is expected to cut rates again. Although, we have seen some green shots from the Eurozone and the UK recently, such as the manufacturing and services reports today, but markets don’t seem impressed and EUR/UD and GBP/USD have slipped lower yet. Continue reading “Forex Signals US Session Brief, Jan 24 – Positive Data From Europe Couldn’t Help the Euro or the GBP” →

Forex Signals US Session Brief, Jan 23 – ECB Leaves Things As They Were

Posted on January 23, 2020 by Skerdian Meta

Today started on a positive footing, as the employment report from Australia came in better than expected for December. New jobs increased more than anticipated, while the unemployment rate ticked lower to 5.1%. [[AUD/USD]] jumped higher, but markets still anticipate a rate cut from Australia, as Westpac also suggested earlier today. So, AUD//USD is not going anywhere now. The chairman of the Swiss National Bank Jordan held a speech this morning,saying that they don’t manipulate the currency, but then repeated that the SNB stands ready to intervene if the CHF which is overvalued keeps strengthening. Continue reading “Forex Signals US Session Brief, Jan 23 – ECB Leaves Things As They Were” →

Forex Signals US Session Brief, Jan 22 – Mixed Canadian Inflation Figures

Posted on January 22, 2020 by Skerdian Meta

The risk sentiment was turned off during the Asian session on the flu virus outbreak in China, but the sentiment improved during the European session. The GBP has been bearish for about a month, as the optimism from the elections wore off pretty quickly and the harsh reality of a deteriorating economy set in. Markets were pricing in a rate cut next week, but after the UK CBI report showed that quarterly business optimism among UK factories improved sharply after the election to its highest level since April 2014, the GBP turned bullish, as traders pushed back expectations of a rate cut. Continue reading “Forex Signals US Session Brief, Jan 22 – Mixed Canadian Inflation Figures” →

Forex Signals US Session Brief, Jan 21 – Sentiment Turns Mildly Positive on Comments From Davos

Posted on January 21, 2020 by Skerdian Meta

The sentiment has improved now, after the first week of this year when risk assets tumbled due to the increased tensions in the Middle East, between US and Iran. Although, traders remain cautious due to fears on the corona virus outbreak in China. Today we heard about a new case in Taiwan, so that’s one thing to keep an eye on, because it might mess with the sentiment if it spreads further.
Continue reading “Forex Signals US Session Brief, Jan 21 – Sentiment Turns Mildly Positive on Comments From Davos” →

Forex Signals US Session Brief, Jan 20 – USD Advances Amid Closed US Markets, IMF Revises Global GDP Down

Posted on January 20, 2020 by Skerdian Meta

Financial markets have quietened down in recent days, after the tensions in the Middle East abated, following the hesitation from the US to strike back on Iran, after Iran attacked US military bases in Iraq, a bit more than a week ago. The WW3 was avoided; markets relaxed and have been in that mode since then. Today, the US is off for Martin Luther King Day, so markets have been pretty quiet once again. Continue reading “Forex Signals US Session Brief, Jan 20 – USD Advances Amid Closed US Markets, IMF Revises Global GDP Down” →

Forex Signals US Session Brief, Jan 17 – Positive Signs From the Eurozone, Negative Signs From UK

Posted on January 17, 2020 by Skerdian Meta

The economy of the Eurozone has been weakening for a long time and fears of a recession increased by the middle of last year. The European Central Bank (ECB) turned dovish and cut deposit rates to -0.50% in September, while restarting the QE programme of 20 billion Euro purchases a month in November. Now, it seems like those measures are starting to show the effects, with inflation picking up from below 1% and remaining at 1.3% for December. Construction activity also posted some decent gains for November. We have heard ECB member made some positive comments recently, suggesting that the economy is stabilizing now, after the slowdown and recent figures point at that as well, including today’s inflation and construction reports. Nonetheless, [[EUR/USD]] kept declining today. Continue reading “Forex Signals US Session Brief, Jan 17 – Positive Signs From the Eurozone, Negative Signs From UK” →

Forex Signals US Session Brief, Jan 15 – Quiet Markets Before the Deal, GBP Falls on Softer CPI

Posted on January 15, 2020 by Skerdian Meta

Markets have quietened down a lot since the last attack from Iran on UIS military bases last Wednesday, but particularly this week. The US didn’t retaliate on the attacks, thus de-escalating the tensions, so no WW3 for what we know. As a result, the sentiment has improved, although traders are waiting on the sidelines for the Phase One deal between US and China to be signed off later this afternoon. Continue reading “Forex Signals US Session Brief, Jan 15 – Quiet Markets Before the Deal, GBP Falls on Softer CPI” →

Forex Signals US Session Brief, Jan 10 – US and Canadian Employment Reports Didn’t Jump Start the Markets

Posted on January 10, 2020 by Skerdian Meta

Markets have been quite volatile since the last few days of 2019, when everything started going against the US, as traders were adjusting their positions, closing their long term buy trades in the USD. When the new year started, the year-end cash flows ended, but the sentiment turned negative after a US drone killed the top Iranian military leader Soleimani. Iran retaliated back by attacking some US military bass in Iraq this week, which sent markets through a roller-coaster ride. But, tensions calmed after no US personnel was killed in the attacks and Donald Trump didn’t attack Iran back, which would have escalated the situation. Continue reading “Forex Signals US Session Brief, Jan 10 – US and Canadian Employment Reports Didn’t Jump Start the Markets” →

Forex Signals US Session Brief, Jan 9 – USD Continues the to Claim Back December Losses As Tensions Ease

Posted on January 9, 2020 by Skerdian Meta

The sentiment has been pretty negative in financial markets so far this year. Markets were sort of quiet at the end of 2019, apart from some USD selloff on year-end cash flow. But the sentiment turned massively negative after a US drone strike killed top Iranian military leader Soleimani. Iran responded back on Monday night, attacking some US military bases in Iraq, which turned the sentiment even more negative during the Asian session yesterday, but there was no follow through from the US and no further escalation of the conflict, which was what traders were worried. as a result, the sentiment improved in the European and US session and the USD turned bullish. Continue reading “Forex Signals US Session Brief, Jan 9 – USD Continues the to Claim Back December Losses As Tensions Ease” →

Forex Signals US Session Brief, Jan 8 – Volatility Increases on US-Iran Tensions

Posted on January 8, 2020 by Skerdian Meta

The end of last year was pretty quiet, following the UK elections and the Phase One deal between US and China. We saw a surge in risk assets that day, but the volatility was reduced and traders came back with feet on the ground, after the initial optimism following those two events. Markets remained quiet until the new year, apart from some broad USD selling in the last few days of 2019, due to year-end cash flow. But, last Friday the situation reversed and risk assets tumbled, while safe havens surged higher after the US killed the top Iranian military leader. Continue reading “Forex Signals US Session Brief, Jan 8 – Volatility Increases on US-Iran Tensions” →