Forex Signals US Session Brief, August 30 – The CAD Rallies on Higher GDP Figures

Posted on August 30, 2019 by Skerdian Meta

Overnight, we saw yet another dive in commodity Dollars. They have ben making new lows almost everyday as the sentiment in financial markets has mostly been negative, although in the last two days the reason for this has been negative fundamentals from Australia and new Zealand. Today it was the negative building figures which sent these currencies lower, because during the European session the sentiment in the financial markets has been mostly positive. Continue reading “Forex Signals US Session Brief, August 30 – The CAD Rallies on Higher GDP Figures” →

Forex Signals US Session Brief, August 29 – Risk Assets Find Some Bids After China Trade Comments

Posted on August 29, 2019August 29, 2019 by Skerdian Meta

The market sentiment has been driving markets around during this year and the sentiment has been driven by the trade war and the rhetoric that surrounds it. The sentiment has been mostly negative with the trade war escalating further and the last occasion we saw such a scenario was during the G7 summit over the weekend which sent safe havens such as [[Gold]] and the JPY surging higher after Donald Trump announced an increase of 5% in tariffs on China.

Continue reading “Forex Signals US Session Brief, August 29 – Risk Assets Find Some Bids After China Trade Comments” →

Forex Signals US Session Brief, August 28 – GBP Tumbles on Brexit Fight

Posted on August 28, 2019August 28, 2019 by Skerdian Meta

Financial markets have been pretty quiet again today. We did see a short-lived tumble in Commodity Dollars after the disappointing figures from the construction work done in Australia during Q2 which posted a 3.8% decline, which was the fourth in the last four quarters. This means that the construction sector is in recession in Australia which paints a bleak picture for its economy. We had a live sell signal in [[AUD/USD]] which closed in profit overnight during that tumble.

Continue reading “Forex Signals US Session Brief, August 28 – GBP Tumbles on Brexit Fight” →

Forex Signals US Session Brief, August 27 – Markets Quiet After G7, GBP Keeps Climbing on Brexit Rumours

Posted on August 27, 2019August 27, 2019 by Skerdian Meta

During the last few days we have seen the volatility increase in financial markets as the G7 summit took place. There are quite a few global issues which have been haunting markets this year and traders were hopping for some solutions from this summit. Last Friday, we saw a last minute surge in safe havens and a crash in risk assets such as commodity Dollars after Trump’s comments for an increase in tariffs on China. That hurt the sentiment and we saw a bearish gap in risk assets yesterday when the Asian session started, while safe havens opened with a bullish gap higher. Continue reading “Forex Signals US Session Brief, August 27 – Markets Quiet After G7, GBP Keeps Climbing on Brexit Rumours” →

Forex Signals US Session Brief, August 26 – Markets Reverse on Softer Tones From Trump, Following the Crash Last Friday

Posted on August 26, 2019August 26, 2019 by Skerdian Meta

Markets were trading in a quiet mode last week as we were heading towards the G7 summit. Traders were hoping that a solution would be found and that the US and China would come out of this meeting with some positive outcome, like they did in the G20 summit a couple of months ago. But, this time the situation went the opposite direction and the trade war escalated once again. US President Donald Trump announced additional tariffs on Chinese goods which would take them 5% higher than the current levels, bringing them to 15% for $300 billion worth of goods and to 30% for the remaining $250 billion.

Continue reading “Forex Signals US Session Brief, August 26 – Markets Reverse on Softer Tones From Trump, Following the Crash Last Friday” →

Forex Signals US Session Brief, August 16 – Risk Sentiment Improves

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

The risk sentiment in financial markets has been switching on and off for a long time as the global economy keeps weakening. But mostly the risk sentiment has been off. This month, the sentiment has been negative as we have seen stock markets trade on a bearish trend during August so far. Besides the weakening global economy, another reason for this was the escalation of the trade war after Donald Trump announced new tariffs on China at the beginning of this month which killed any positive sentiment that remained in financial markets.

Continue reading “Forex Signals US Session Brief, August 16 – Risk Sentiment Improves” →

Forex Signals US Session Brief, August 15 – Retail Sales Day

Posted on August 15, 2019August 15, 2019 by Skerdian Meta

Today is a retail sales day, with reports coming out of the UK this morning and later on from the US. Although, the economic calendar started with the Australian jobs report early in the Asian session. The unemployment rate for July remained unchanged at 5.2% but the employment change figures came much better than expected at 41.1k, against 14.2k anticipated. That sent the Aussie higher, although it has pulled back lower now.

The UK retail sales report was released this morning in the European session. In the report released last month, expectations were for a 0.3% decline in retail sales in June, but it came out positive at 1.0%, which was revised a tick lower today to 0.9%. Today’s report was expected to show another decline of 0.3%, but the numbers for July came out positive again, showing a 0.2% growth, which is not much but closes the economic week on a positive footing for Britain, after the impressive inflation and earnings figures we saw in the last few days.

Continue reading “Forex Signals US Session Brief, August 15 – Retail Sales Day” →

Forex Signals US Session Brief, August 14 – The Economy Slows Further in the Eurozone, Inflation Ticks Higher in UK

Posted on August 14, 2019August 14, 2019 by Skerdian Meta

Today we had the GDP report coming out of the Eurozone, as well as the industrial production and employment report. The economy was expected to have slowed down in Q2, with growth anticipated at 0.2% and it showed that indeed. Employment missed expectations, which is another negative indicator, while industrial production declined turned negative again in June after the short-lived increase in May and declined by 1.6%. But, before all that, the GDP report from Germany was released and the German economy showed a 0.1% contraction in Q2. Considering the recent figures, the German economy might as well fall in recession while the Eurozone economy might fall in contraction in Q3.

Continue reading “Forex Signals US Session Brief, August 14 – The Economy Slows Further in the Eurozone, Inflation Ticks Higher in UK” →

Forex Signals US Session Brief, August 13 – Mixed Economic Data Today Keeping Markets Confused

Posted on August 13, 2019August 13, 2019 by Skerdian Meta

The economic data has been getting weaker across the globe, especially in recent months. Today we had quite a few important economic reports being released and they showed increased weakness, but we also saw some decent numbers today. It started with the UK employment and earnings report. The unemployment rate ticked higher but it still is at a decent level, while earnings jumped higher once again by three points in June, after the jump we saw in May. So, the data from Britain today was quite positive.

Continue reading “Forex Signals US Session Brief, August 13 – Mixed Economic Data Today Keeping Markets Confused” →

Forex Signals US Session Brief, August 12 – Risk-Off Sentiment Prevails Again

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

The risk sentiment in financial markets has been switching on and off in recent months. At the beginning of this month the sentiment turned pretty negative after Donald Trump announced new tariffs on China on August 1. As a result, safe haven assets surged higher, with [[Gold]] pushing above $1,500 for the first time in six years, while [[USD/JPY]] lost more than 400 pips. Although, during most of last week, most assets traded sideways as the sentiment improved slightly and traders were trying to make their minds up about the next move.

Continue reading “Forex Signals US Session Brief, August 12 – Risk-Off Sentiment Prevails Again” →