Forex Signals US Session Brief, Dec 17 – USD Finally Finds Some Demand, the GBP Turns Bearish on Brexit Jitters

Posted on December 17, 2019 by Skerdian Meta

Recently, markets have been focused on UK elections and US-China trade deal. Those two issues received an answer late last week, after the UK Conservatives won a strong majority in the Parliament, while US and China accepted the Phase One deal, which improved the sentiment considerably last week. Safe havens turned bearish, with [[USD/JPY]] surging higher, while risk assets turned bullish. But, the sentiment faded eventually after the attention shifted in what’s coming next. Continue reading “Forex Signals US Session Brief, Dec 17 – USD Finally Finds Some Demand, the GBP Turns Bearish on Brexit Jitters” →

Forex Signals US Session Brief, Dec 16 – Risk Sentiment Remains Slightly Positive

Posted on December 16, 2019December 16, 2019 by Skerdian Meta

At the end of last week, two of the main issues which have been haunting us in the last two years received an answer. It wasn’t a definite answer, but at least it gave us a direction for the coming months. The Conservative Party won a clear majority in the British Parliament last Thursday, which gives them the green light to go ahead with Brexit, as the UK PM spokesperson confirmed earlier today. Although, the UK will have to reach a trade deal with the EU by the end of this year, which is the final real Brexit deadline. But, trade deals are not so easy – it took Canada 7 years to do so with the EU, which mans that trade teams will have to work full time.

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Forex Signals US Session Brief, Dec 13 – Uncertainty Returns Again After the Optimism From UK Elections and the Phase One Deal

Posted on December 13, 2019 by Skerdian Meta

Markets had been waiting for the UK elections for quite some time, as well as for the partial trade deal saga to come to an end. Both of those events took place yesterday. We also had a number of major central bank meetings yesterday and on Wednesday, but they didn’t offer much action in forex, since politics are more important than economics now and traders were focused on those two events. The Conservative Party won a clear majority in the British Parliament, although that wasn’t too surprising, considering that the Brexit Party had pulled off from Conservatives weren’t clearly ahead, just to open the road for them. The recent polls also suggested such a victory. Continue reading “Forex Signals US Session Brief, Dec 13 – Uncertainty Returns Again After the Optimism From UK Elections and the Phase One Deal” →

Forex Signals US Session Brief, Dec 12 – Markets Still Trading the FED and UK Elections, Since the ECB and the SNB Didn’t Offer Anything New Today

Posted on December 12, 2019December 12, 2019 by Skerdian Meta

This week markets have been pretty quiet, with a bias towards safe havens, which shows slight uncertainty among traders. That is a result of the deafening silence from US and China on trade, while some traders were expecting the Phase One deal to go live tomorrow, as Bloomberg suggested. There’s still time until tomorrow, but the traders are still cautious. They ware also waiting for major central banks to hold their meeting this mid-week. The FED held interest rates unchanged yesterday, but chairman Powell said that they won’t start hiking rates until they see consistent inflation. That might take some time, so the USD turned bearish after that and continues to remain bearish today. Continue reading “Forex Signals US Session Brief, Dec 12 – Markets Still Trading the FED and UK Elections, Since the ECB and the SNB Didn’t Offer Anything New Today” →

Forex Signals US Session Brief, Dec 11 – Traders Locked and Loaded for the FED Meeting

Posted on December 11, 2019 by Skerdian Meta

The sentiment has been positive in the last few weeks, with stock markets climbing higher. Although, the sentiment turned slightly negative in the first two days of this week, in lack of comments from US and China on the Phase One trade deal. We heard the US Secretary of Commerce yesterday, say that the Phase One deal is just a deal on agriculture, but he gave no deadline for it, while traders had braced themselves for it to become official on Friday. So, his comments weren’t enough to turn the sentiment positive yesterday. Continue reading “Forex Signals US Session Brief, Dec 11 – Traders Locked and Loaded for the FED Meeting” →

Forex Signals US Session Brief, Dec 10 – December Tariffs Get Postponed, but Risk Remains Muted

Posted on December 10, 2019 by Skerdian Meta

The sentiment in financial markets has been positive this week, after the report from Bloomberg that the Phase One deal was going to go official on December 15. Comments from Donald Trump last week that trade talks are going well with China also helped. That continued yesterday as well, as risk assets such as stock markets were still climbing higher, although the climb was getting weaker, which was a sign that the bullish momentum was running out of steam and the positive sentiment was changing. Continue reading “Forex Signals US Session Brief, Dec 10 – December Tariffs Get Postponed, but Risk Remains Muted” →

Forex Signals US Session Brief, Dec 9 – Traders Remain on the Sidelines, Ahead of A Loaded Week

Posted on December 9, 2019 by Skerdian Meta

The US ISM manufacturing report last Monday increased fears of a deeper economic slowdown for the US economy, as this sector fell deeper in contraction. That turned the USD bearish and the sentiment negative, but on Friday we saw an impressive employment report. New jobs jumped higher, while the unemployment rate ticked lower to 3.5%. Earnings were satisfying as well, while the consumer sentiment improved as well, more than expected. That turned the USD bullish, since it has been one of the few rounds of data from the US, or anywhere else for that matter, that has been impressive. Donald Trump rushed to highlight the better employment report that day.
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Forex Signals US Session Brief, Dec 6 – USD Reverses on Better Employment Numbers, the CAD Tumbles on Softer Ones

Posted on December 6, 2019 by Skerdian Meta

Risk assets got a minor boost higher early in the morning, after China said that they would look at tariff waivers for some US farm products, although it comes with an indirect caveat. That added up to Donald Trump’s comments yesterday that talks with China are going well, as well as Bloomberg’s report that the Phase One deal will be official from December 15. China promised to lift some of the US tariffs, but, markets were concerned about the US employment report today, so traders were being cautious as we approached the release time. Continue reading “Forex Signals US Session Brief, Dec 6 – USD Reverses on Better Employment Numbers, the CAD Tumbles on Softer Ones” →

Forex Signals US Session Brief, Dec 5 – Markets Remain Hopeful but Cautious

Posted on December 5, 2019 by Skerdian Meta

The sentiment in financial markets turned negative earlier this week after comments from Donald Trump that he might postpone the Phase One deal with China until presidential elections next year in China. The disappointing US ISM manufacturing report on Monday also played a part in this, as it showed that this sector is falling deeper in contraction, instead of improving. But, yesterday we heard Donald Trump say that trade talks with China are going pretty well, while Bloomberg posted a report which said that the Phase One deal might be official on December 15.

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Forex Signals US Session Brief, Dec 4 – Risk Sentiment Flips On and Off on Trade Comments

Posted on December 4, 2019 by Skerdian Meta

Earlier this week, the sentiment was dented from the US ISM manufacturing report, which came softer than expected, sending [[Gold]] and safe havens higher. Markets were expecting an improvement, but that report showed that the US manufacturing activity fell deeper in contraction, increasing fears of another wave of a global economic slowdown. But, Donald Trump’s comments for postponing the deal with China until next year’s elections in China, as well as regarding tariffs on French wine and other products, hurt the sentiment further, sending safe havens surging.

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