Forex Signals US Session Brief, November 8 – Focus Shifts From US Elections to the FED

Posted on November 8, 2018November 8, 2018 by Skerdian Meta

The effect of the US midterm elections is already over now. We saw the quick USD dumping at the end of last week and another wave yesterday during the Asian session when the market realized that the Democrat Party won the US Congress as the first results started coming out. But, that second wave didn’t last long and the markets started settling down in the European session. We can see that the effect is over from the market sentiment; safe havens such as Gold and the JPY have been slipping lower, while risk assets are still advancing, albeit slowly.

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Forex Signals US Session Brief, November 7 – Little Change During US Midterm Election, Little Action in the Markets

Posted on November 7, 2018 by Skerdian Meta

The US midterm elections were held yesterday and the Democrat Party won the Congress as expected. There were more than 30 Republican seats to be voted for and Democrats needed to win just a few to take control of the Congress, which they did. Although, the Republicans extended their Senate seats, so these elections were somewhere in the middle of the road, just like the general elections two years ago. It could mean some trouble for the White House administration to pass budget, tax cuts or immigration laws, but overall, the situation will remain pretty much the same as it is now. Continue reading “Forex Signals US Session Brief, November 7 – Little Change During US Midterm Election, Little Action in the Markets” →

Forex Signals US Session Brief, November 6 – All Calm Before Donald Trump’s First Test

Posted on November 6, 2018November 6, 2018 by Skerdian Meta

The US midterm Election Day is finally here. Midterms are not usually that important but this time it is a bit different, especially for those of us who are trading forex. There are more than 30 congressional seats of the Republicans for grabs and the Democrats only need to take a few of those seats to take the majority. That would make things pretty difficult for the remaining two years of Donald Trump’s presidency, as we explained yesterday. Democrats could block certain political and, more importantly, economic policies of the White House administration which would probably hurt the US economy. Trump might even get impeached. This wouldn’t be good for the US Dollar, so if Democrats win the Congress, I expect the USD to forget this year’s bullish trend and shift to bearish. Continue reading “Forex Signals US Session Brief, November 6 – All Calm Before Donald Trump’s First Test” →

Forex Signals US Session Brief, November 5 – All Calm Before Donald Trump’s First Test Tomorrow

Posted on November 5, 2018November 5, 2018 by Skerdian Meta

Tomorrow is the first real test for Donald Trump. He won the US elections in a landslide manner two years ago which came as a surprise to everyone. Since then, he has taken quite a few steps and followed quite a few certain policies, which some people find controversial while other people find them as the policies that should have been followed a long time ago. But, we can’t decide if these policies have attracted more people to Donald Trump’s camp or whether they have eroded the support for him. Sure, there have been polls which show that Trump might lose some seats in the Congress, since the Congress is very vulnerable to Republicans since there are around 30 Republican seats to be confirmed or lost in these elections and the Democrats need only a few to topple the numbers in their favor. Continue reading “Forex Signals US Session Brief, November 5 – All Calm Before Donald Trump’s First Test Tomorrow” →

Forex Signals US Session Brief, November 2 – Great Economic From US, Disappointing Numbers From Canada

Posted on November 2, 2018November 2, 2018 by Skerdian Meta

Today was packed with economic data and I was expecting some good price action in financial markets after seeing only one way traffic in the last couple of days. The US Dollar has been sold off aggressively during this period as the US mid-term elections approach and forex trades fear that Democrats might take the Congress which would make life difficult for President Trump. So, they are closing some of their long positions in the USD Continue reading “Forex Signals US Session Brief, November 2 – Great Economic From US, Disappointing Numbers From Canada” →

Forex Signals US Session Brief, November 1 – Deal or No Deal, That’s the Market Today

Posted on November 1, 2018November 1, 2018 by Skerdian Meta

The sentiment in financial markets has been pretty negative for about two months and we have mentioned the reasons many times. Brexit, Italian 2019 budget deficit and international trade war have hurt the market sentiment recently. But today, we are seeing a reversal in the sentiment. Stock markets have moved higher today after opening with a bullish gap yesterday.

Risk currencies have also turned considerably higher with commodity Dollars gaining more than 100 pips against the Buck. [[EUR/USD]] has also gained nearly 100 pips. One of the reasons for the jump in this pair is the failure to break the strong support at 1.13 after several attempts. If something doesn’t go down, it will eventually go up, isn’t it? Continue reading “Forex Signals US Session Brief, November 1 – Deal or No Deal, That’s the Market Today” →

Forex Signals US Session Brief, October 31 – Stock Traders Like to Take a Risk for Halloween

Posted on October 31, 2018October 31, 2018 by Skerdian Meta

Today, the economic numbers from Europe and Asia were mainly negative. If you check the economic calendar, you will see that almost all figures during these two sessions are red, which means that they have missed expectations. It kicked off with Australian CPI inflation coming at 0.4% against 0.5% expected, hence the decline in [[AUD/USD]] overnight. Then we saw some weak retail sales, inflation and GDP numbers from Europe during the European session. Continue reading “Forex Signals US Session Brief, October 31 – Stock Traders Like to Take a Risk for Halloween” →

Forex Signals US Session Brief, October 30 – Flat GDP Leaves Italian Politicians Uncovered

Posted on October 30, 2018October 30, 2018 by Skerdian Meta

The main theme today in the forex market has been the USD strength. [[EUR/USD]] lost around 50 pips during the European session while [[GBP/USD]] lost 80 pips. The JPY also lost around 70 pips against the Buck as [[USD/JPY]] continued the climb from yesterday.

Although, the commodity Dollars are feeling adventurous since they are considerably higher against the USD since the Asian session began. I don’t know why the commodity Dollars are higher, because the building approvals in Australia missed expectations this morning and we haven’t anything promising from China.

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Forex Signals US Session Brief, October 26 – Bearish Sentiment Resumes Again as ECB Hints at Rate Hike Delay

Posted on October 26, 2018October 26, 2018 by Skerdian Meta

Yesterday, the ECB statement and press conference sounded sort of dovish. The European Central Bank had acknowledged the weakness of the Eurozone economy this year. They had been expecting the economy to pickup in Q3, but instead, the economy has slowed further in recent months. The service and especially the manufacturing numbers earlier this week were pretty soft and Draghi’s remarks sounded more dovish or less hawkish than what we have heard this year from the ECB.

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Forex Signals US Session Brief, October 25 – Markets Wait for the ECB

Posted on October 25, 2018October 25, 2018 by Skerdian Meta

Yesterday was another bad day for stock markets. They had been trading in a range in the last few sessions, but the sentiment deteriorated further in financial markets last afternoon and stock markets made new lows. [[DAX]], [[CAC]], S&P, Nikkei, etc. all dived lower in the afternoon/evening as did [[USD/JPY]] and [[EUR/CHF]] as safe haven currencies received some strong bids.

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