Category: US/Midday Session Brief

Forex Signals US Session Brief, Dec 3 – Risk Sentiment is Off Again After Disappointing US ISM Manufacturing and Trump’s Tariffs Comments

Posted on by Skerdian Meta

The sentiment has been mostly positive in financial markets in the last two months. In September, sentiment improved after US and China softened their rhetoric and in October, comments about the partial trade deal helped improve the sentiment further, hence the decline in safe havens, such as in Gold during the last two months. But, the US ISM manufacturing report dented the sentiment yesterday. US manufacturing has fallen into contraction for several months, but expectations were for an improvement during November. Although, yesterday’s report showed further deterioration.

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Forex Signals US Session Brief, Nov 29 – Markets Heading Towards the End of A Quiet Week

Posted on by Skerdian Meta

Financial markets have been pretty volatile in recent months, due to everything that has been going on. The weakening global economy, the trade war, Brexit and geopolitical tensions, as well as central bank actions and rhetoric have been keeping things interesting for forex traders. But, this week was pretty quiet. I thought that the   economic data from the US on Wednesday would offer some decent price action in forex, but the numbers were sort of mixed that day, with the GDP and durable goods orders coming better than expected, while personal income, pending home sales and the Chicago PMI disappointed once again, which left traders uncertain. Continue reading “Forex Signals US Session Brief, Nov 29 – Markets Heading Towards the End of A Quiet Week” →

Forex Signals US Session Brief, Nov 28 – Cautious Markets During the Long Weekend in US

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This week, markets have been pretty quiet. In the first half of the week, traders were waiting for the economic data to be released from the US. But markets were still left puzzled yesterday after the US GDP and durable goods orders beat expectations. But on the other hand, Chicago PMI missed anticipations and personal income fell flat, against 0.3% expected, while pending home sales posted a big decline. So, mixed economic figures from the US, leaving markets uncertain. Today it’s Thanksgiving Day in the US and US traders have taken off for a long weekend, so I expect uncertainties to continue until next week.

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Forex Signals US Session Brief, Nov 26 – The Sentiment Remains Mildly Positive on Trade Deal Hopes

Posted on by Skerdian Meta

The sentiment improved in financial markets yesterday. In fact, the sign of that we saw last week after Donald Trump’s comments that the Phase One deal is very close. It wasn’t a big surprise, but considering the elevated tensions regarding Hong Kong, and the passing of the human rights bill in the US Senate, which China doesn’t like and which increased fears that the deal might be postponed, it had some positive impact in financial markets. Today, we heard such comments again, which are keeping risk assets up.
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Forex Signals US Session Brief, Nov 25 – Trade Rhetoric Continues to Drive Markets Around

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The rhetoric between US and China escalated a bit in recent weeks, as the US Senate passed a human rights bill on Hong Kong, after months of protests and many arrests there. China didn’t like that, obviously and they have been complaining about it, which lowered odds of a trade deal being struck by the two giants. But, we heard Donald Trump towards the end of the weekend say that the Phase One deal was very close to being complete, which improved the sentiment a little in financial markets. We also heard today that Phase Two deal is within sight.  Continue reading “Forex Signals US Session Brief, Nov 25 – Trade Rhetoric Continues to Drive Markets Around” →

Forex Signals US Session Brief, Nov 21 – Mixed Comments Leave Traders Uncertain

Posted on by Skerdian Meta

The sentiment improved early today in the European session, after comments from China suggested that another meeting face to face will likely take place between US and China delegations in China, according to the Wall Street Journal. That goes well for risk assets which climbed slightly higher after the report from WSJ was released and bond yields increased. The Chinese Commerce Ministry also added that rumours about possible disagreements in trade talks are not accurate. Continue reading “Forex Signals US Session Brief, Nov 21 – Mixed Comments Leave Traders Uncertain” →

Forex Signals US Session Brief, Nov 20 – Quiet Markets As We Head Towards the FOMC Minutes

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The sentiment has been mostly positive in financial markets this week, with S&P trading at record highs yesterday. Safe havens have been under some pressure, but the sentiment reversed overnight. The US Senate passed a human rights bill on Hong Kong and China expressed their displeasure tonight. This increased fears in financial markets that this may add another hurdle to overcome for trade talks, which it should I suppose. So, the trade deal now becomes even more difficult to reach.
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Forex Signals US Session Brief, Nov 19 – Risk Sentiment Is On Again, the USD Turns Off

Posted on by Skerdian Meta

The sentiment in financial markets has been positive in the last couple of weeks, hence the decline in safe havens. But yesterday we saw a reversal in the sentiment after the comments from China that they feel pessimistic about the trade deal, since Trump is not rolling back tariffs, despite China increasing dairy and poultry purchases from the US. That shows that Trump’s administration is not too eager to strike a deal with China. As a result, safe havens turned bullish, with [[Gold]] climbing around $20.

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Forex Signals US Session Brief, Nov 18 – Safe Havens Rally on Trade Deal Pessimism From China

Posted on by Skerdian Meta

The sentiment in financial markets towards the end of last week and safe havens declined, while risk assets such as stock markets and commodity dollars rallied higher. Today, the price action was pretty slow during the Asian session and for most of the European session. But, we saw a report from CNBC a while ago, which suggested that Chinese officials are pessimistic regarding the trade deal with the US, as Donald trump has refused to roll back tariffs.

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Forex Signals US Session Brief, Nov 15 – Risk Switch Flips On and Off

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Yesterday in the afternoon we heard FED chairman Jerome Powell say that there is nothing booming in the US economy at the moment, suggesting that there is an overall weakness in the economy. That hurt the sentiment, especially for the USD which turned bearish. Powell was also concerned for the growth of US national debt which, according to him, exceeds the economic growth.

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