Category: US/Midday Session Brief

Forex Signals US Session Brief, Sep 30 – EUR/USD Breaks Below 1.09 As Inflation Keeps Weakening in Europe

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Inflation has been weakening in Europe for more than a year. This, as well as the slowing economy have turned the European Central Bank (ECB) quite dovish and the Euro pretty bearish in recent months. headline inflation YoY is at around 1.0% in the Eurozone, while core CPI (consumer price index)  has fallen below 1.0% which is a red flag for the ECB. In the last meeting we saw the ECB cut rates by 10bps and the reintroduction of the QE (quantitative easing) programme, but that wasn’t enough for the markets and as a result, the Euro turned bullish immediately after that meeting and [[EUR/USD]] rallied nearly 200 pips higher in the following sessions. Continue reading “Forex Signals US Session Brief, Sep 30 – EUR/USD Breaks Below 1.09 As Inflation Keeps Weakening in Europe” →

Forex Signals US Session Brief, Sep 27 – Markets Try to Close the Week on A Positive Tone

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The risk sentiment has been turning on and off during the last few weeks. Yesterday, the sentiment improved after positive comments from the Chinese Foreign and Commerce Ministries and stock markets turned bullish. But, risk currencies such as commodity Dollars declined. Although, that was partly due to some USD strength we saw in the US session. That strength continued today as well during the Asian session and early European session. Continue reading “Forex Signals US Session Brief, Sep 27 – Markets Try to Close the Week on A Positive Tone” →

Forex Signals US Session Brief, Sep 26 – 2 Side Price Action Today as Uncertainty Remains Elevated

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In the last couple of weeks we have seen increased uncertainty in financial markets. In recent months, the situation has been driven by the trade war and its rhetoric, which has gone in favour of the USD, apart from retracing periods. But in recent weeks the uncertainty has increased as we edge closer to the end of most major fundamental events which have affected markets recently, but without any solution. The Reserve Bank of New Zealand has turned really bearish recently cutting interest rates twice, but today they dialed back on monetary easing, which turned the NZD bullish after the strong bearish move yesterday.

Continue reading “Forex Signals US Session Brief, Sep 26 – 2 Side Price Action Today as Uncertainty Remains Elevated” →

Forex Signals US Session Brief, Sep 25 – USD Return Again, GBP Declines on Brexit Uncertainty

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The risk sentiment turned off yesterday as US president Donald Trump took a hard stance against China and Iran in yesterday’s speech at the UN and risk assets declined. Stock markets turned bearish, while safe haves such as [[Gold]] and the JPY climbed higher, and they are continuing that price action today as well. The USD, on the other hand, has been pretty soft this week, losing ground against most major currencies, but the situation seems to have changed today. The Buck made a strong reversal earlier in the European session and it has made some decent gains so far. There isn’t any apparent reason for it; it’s just that traders don’t have anything else to turn to now.

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Forex Signals US Session Brief, Sep 24 – The GBP Moves Higher as BoJo Plan Takes Another Setback

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The risk sentiment has been switching on and off in the last weeks or so, with markets uncertain about many major issues, such as the global economy, the future policy of major central banks, Brexit, trade war, and geopolitical tensions (Iran, Hong Kong etc). Although, the decision from China about excluding US soybeans from tariffs helped the sentiment, as shown from the climb in commodity Dollars. The USD continues the slow slide lower today, which has also helped [[AUD/USD]] and [[NZD/USD]] . The Aussie received some love as well, after comments from the RBA governor Lowe that the Australian economy would come to a turning point soon. Altghough, he left the door open for further rate cuts.  Continue reading “Forex Signals US Session Brief, Sep 24 – The GBP Moves Higher as BoJo Plan Takes Another Setback” →

Forex Signals US Session Brief, Sep 20 – The USD Attempts to Close the Week Bullish

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Financial markets have been volatile and have made some decent moves in recent weeks, although in recent days they have turned pretty choppy. The FED cut interest rates by 25 bps on Wednesday evening, but that didn’t satisfy the markets. As a result, the uncertainty regarding the future of the monetary policy from the FED has remained elevated. It’s not sure whether the FED will remain dovish in the coming months and offer more rate cut, or if they will be down with rate cuts for now. Continue reading “Forex Signals US Session Brief, Sep 20 – The USD Attempts to Close the Week Bullish” →

Forex Signals US Session Brief, Sep 19 – Not Much Changed After 4 Central Banks

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In the last two days we have several major central banks hold meetings and decide on the monetary policy. Central banks have turned pretty dovish recently. many have cut interest rates, with the ECB being the last one to join the club last Thursday when they cut deposit rates to -0.50%. Yesterday was the big day, as markets have been anticipating the FED meeting for quite some time, hence the slow price action in the last few days. The FED cut interest rates as well, which was the second time in the last two meetings, but they didn’t sounded too worried or too dovish. As a result, the USD found some bids after the press conference from Powell, but it is not running anywhere today. So, the situation is pretty much where it was before that meeting and markets are on a wait-and-see mode.

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Forex Signals US Session Brief, Sep 18 – Forex market has Frozen, Awaiting the FED Meeting

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Financial markets have been quite volatile in recent months, with several fundamental issues driving them like crazy. These issues are well known now, such as the trade war, a weakening global economy, geopolitical tensions, Brexit etc. Although, the volatility has diminished this week and it continues to decline, which is making markets look like frozen today. The reason for the declining volatility has been the upcoming FED meeting which everyone has been waiting for and which will take place later this evening. Continue reading “Forex Signals US Session Brief, Sep 18 – Forex market has Frozen, Awaiting the FED Meeting” →

Forex Signals US Session Brief, Sep 17 – USD Slightly Bullish in Quiet Markets Today

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We have seen some increased volatility in recent days/weeks in certain currencies. Brexit has induced some major moves in GBP pairs, while the USD has been bearish this month, which has sent risk currencies higher, as the sentiment in financial markets improved. The CAD has also been volatile, but that was due to Crude Oil surging higher after the attack on Saudi Arabia’s Oil production and refining capacities. US [[WTI]] crude moved close to $63.50 but it has retraced lower to $62 now, although it still remains pretty bullish.

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Forex Signals US Session Brief, Sep 16 – Sentiment Turns Negative Again on Saudi Oil Production Disruption

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Oil talks have been the highlight of the day today. Over the weekend, there was an attack on a Saudi oil processing facility at Abqaiq and the nearby Khurais oil field. That has reduced 5.7 million barrels of daily crude production, or 50% of the Saudi Arabia’s oil output. As a result, crude Oil prices surged when markets opened, with WTI crude jumping close to $63. The US already came to the conclusion that Iran was the attacker. Donald Trump responded that the US is locked and loaded, depending on the verification of the attack. Although, markets are not buying into the attack scenario, as safe havens remain unmoved after the small bullish gap overnight.

Continue reading “Forex Signals US Session Brief, Sep 16 – Sentiment Turns Negative Again on Saudi Oil Production Disruption” →