Category: US/Midday Session Brief

Forex Signals US Session Brief, Jan 6 – Sentiment Improves Somewhat, As Markets Concentrate on European Services for A Change

Posted on by Skerdian Meta

Financial markets have been quite difficult to trade in the last couple of years. Politics have been interfering with them during this time and there have been many issues moving markets up and down, such as US-China trade war, Brexit, Hong Kong protests, attacks on Saudi Arabia Oil facilities etc. In the last week, another conflict has appeared, that between US and Iran, after the killing of top Iranian military leader Soleimani. That sent safe havens higher and risk assets tumbling lower. So, politics kept messing with markets until the last days of 2019. Continue reading “Forex Signals US Session Brief, Jan 6 – Sentiment Improves Somewhat, As Markets Concentrate on European Services for A Change” →

Forex Signals US Session Brief, Jan 3 – Everything Crashes at the Blink of An Eye on US-Iran Tensions

Posted on by Skerdian Meta

The price action of last week, which was dominated by year-end cash flows and position adjustment from forex traders ahead of the new year, wore off as soon as we entered 2020 and yesterday markets were trading the sentiment. The sentiment was negative and risk currencies were retreating lower. Today, the sentiment deteriorated further pretty quickly, after a US drone killed the top Iranian military general, in Baghdad. Iran threatened with severe retaliation, which added further fuel to the fire. Continue reading “Forex Signals US Session Brief, Jan 3 – Everything Crashes at the Blink of An Eye on US-Iran Tensions” →

Forex Signals US Session Brief, Jan 2 – Manufacturing Remains in Deep Recession in Europe, Despite a Small Improvement in December

Posted on by Skerdian Meta

Markets were quite uncertain what to do after the UK elections and the agreement on the Phase One trade deal between US and China, which will be official soon. After the initial optimism, traders came back with their feet on the ground, realizing that both events weren’t going to change much, hence the quiet price action for a few weeks, leading to the last week of 2019. Cash flows affected markets in the last week and markets turned against the USD, with money flowing particularly towards safe havens, such as [[Gold]] . Today, it seems like markets are trading the sentiment once again, which seems positive, as risk assets climb higher while safe havens have been retreating.

Continue reading “Forex Signals US Session Brief, Jan 2 – Manufacturing Remains in Deep Recession in Europe, Despite a Small Improvement in December” →

Forex Signals US Session Brief, Dec 31 – Year-End Cash Flows Dominate Again

Posted on by Skerdian Meta

We have seen some decent price action in financial markets this week. Markets have been pretty slow in recent weeks, since the UK elections and the Phase One agreement earlier this month. The initial optimism after those two events faded and the risk rally stopped. traders were uncertain what direction to take, hence the slow price action since then. Although, the volatility has returned again as year-end cash flows dominate markets, as well as some position adjustment from forex traders. Continue reading “Forex Signals US Session Brief, Dec 31 – Year-End Cash Flows Dominate Again” →

Forex Signals US Session Brief, Dec 30 – USD Weakness Dominates Markets, as Traders Square Positions Before the New Year

Posted on by Skerdian Meta

Markets have been pretty uncertain for a couple of weeks, after the UK elections and the agreement on the Phase One deal between US and China, both of which took place at the same day. We saw a surge in risk assets that day, but the optimism faded quickly, since the Phase One deal didn’t offer much, apart from agricultural purchases, while the UK is stil headed out of the EU with no trade deal in sight, which would mean hard Brexit. So, traders were uncertain what position to take in the previous weeks, as the global economy continues to weaken, despite the initial optimism.

Continue reading “Forex Signals US Session Brief, Dec 30 – USD Weakness Dominates Markets, as Traders Square Positions Before the New Year” →

Forex Signals US Session Brief, Dec 27 – Broad USD Selloff Resumes

Posted on by Skerdian Meta

In recent weeks, markets have been pretty quiet. The Phase One deal between US and China got markets excited for a while, but after seeing the reality, that the agricultural deal which it is, doesn’t offer much more than the current purchase levels, apart from cancelling December tariffs. Brexit is stil going ahead and a trade deal between EU and UK will be difficult to reach, as the new European Commission president, Ursula von der Leyen, comments in an interview with Les Echos also repeated today. Continue reading “Forex Signals US Session Brief, Dec 27 – Broad USD Selloff Resumes” →

Forex Signals US Session Brief, Dec 20 – Some Horrible Numbers Form North America As A Christmas Present

Posted on by Skerdian Meta

The forex market has calmed down considerably, since Thursday 10 days ago. The elections were held that day in the UK and Conservatives won a strong majority, which gives the m the right to go ahead with Brexit, clearing the path in UK politics. US and China agreed on a partial trade deal back then and both events helped improve the sentiment considerably since them. But, the reality struck back and traders quickly realized that not much had changed, and the global economy is still weakening. Continue reading “Forex Signals US Session Brief, Dec 20 – Some Horrible Numbers Form North America As A Christmas Present” →

Forex Signals US Session Brief, Dec 20 – CAD the Only Mover Today

Posted on by Skerdian Meta

Markets turned pretty quiet on Friday last week, after UK election and the agreement by China-US for the Phase One deal on Thursday. There was a moment of of optimism after those two events, but the optimism faded quickly after that, when the reality hit back and traders realized that nothing much had changed. UK Is still heading out of the EU and they don’t have a trade deal yet, while the Phase One deal is just an agricultural one, which doesn’t tackle the main issues.
Continue reading “Forex Signals US Session Brief, Dec 20 – CAD the Only Mover Today” →

Forex Signals US Session Brief, Dec 19 – No Direction in Markets Yet

Posted on by Skerdian Meta

Today was yet another really quiet day in forex. This sort of price action has been going on for about a week now, since the volatility following the Phase One agreement between US and China on Thursday last week, as well as the general elections in UK. Markets got excited for a while back then, as UK Conservatives won a decent majority in the UK Parliament and the Phase One deal meant that no further tariffs will be placed on China this month. But that’s about it, because trade tensions between US and China remain and the main issues such as IP theft and forced technology transfers remain, while the UK will be heading out of the EU and if they don’t reach a trade deal with the EU, there will be a hard Brexit. Continue reading “Forex Signals US Session Brief, Dec 19 – No Direction in Markets Yet” →

Forex Signals US Session Brief, Dec 18 – Some Positive Economic Figures For A Change

Posted on by Skerdian Meta

Risk sentiment got a boost on late Thursday/early Friday last week, after UK Tories won a decent majority in the British Parliament after the elections, while US and China agreed on the Phase One deal. Risk assets such as stock markets and commodity Dollars surged higher, while safe havens retreated lower. But, the situation still remains uncertain, with several major trade issues still  unresolved between US and China and the UK heading towards the EU, probably without a trade deal if they can’t strike one until the end of 2020. So, markets have remained cautious since early Friday. Continue reading “Forex Signals US Session Brief, Dec 18 – Some Positive Economic Figures For A Change” →