The Latest in Forex News & Analysis.

July 23 week

By | July 19, 2018 7:03 pm | 0 Comments

Somewhat light event/economic data schedule for July 23 week after G20 Finance Minsters & Central Bank Governors meeting in Buenos Aires, Argentina over the weekend.

ECB meeting on Thursday expected to keep rates unchanged.

July 16 week

By | July 13, 2018 4:53 pm | 0 Comments

Econ data release for the week of July 16,

There will be a G20 meeting of Finance ministers and Central Bank Governors in Buenos Aires, Argentina on July 21 and 22.

BOC rate decision

By | July 11, 2018 1:13 pm | 0 Comments

Bank of Canada raised its official interest rate by 25bp to 1.50% as expected.

Not much change in the statement except for some lines mentioning about increasing risk from trade tensions.

$CAD dropped to 1.3065 low before recovering all the way back up to mid 1.31, BOC Governor Poloz press conference also reiterated trade tensions and NAFTA uncertainties.

GB Pound Falls

By | July 9, 2018 4:17 pm | 0 Comments

Volatile day for GBP as key government officials resign sinking the pound, small gains as PM Theresa May is said to be safe for now, GBPUSD steady at 1.3250 at NY close.

USDJPY making big jump, nearing the 111 figure.

US Indicies closes with strong gains, even with tariff war intensifying.

1/5th of Bitcoin supply is said to be missing, approx. $20 Billion.

GDP and Manufacturing production for UK, tomorrow at 4:30am EDT

July 9 week schedule

By | 1:13 pm | 0 Comments

Bank of Canada is expected to raise its official rate by 25bp this Wednesday, OIS market has priced in 91% chance of a 25bp hike.

Thursday’s US June CPI could see some stronger reading on the back of recent higher Oil price, while core CPI is expected to be +0.2% mom.

FOMC Minutes

By | July 5, 2018 3:07 pm | 0 Comments

FOMC Minutes from June meeting is out, modestly hawkish tone overall;

  • Price moves support 2% inflation outlook.
  • Gradual hikes needed amid very strong economy.
  • Gradual hikes could take FF rate above the neutral level sometime next year
  • Important to watch yield curve slope
  • Concerned by risks from a trade war

July 2 week schedule

By | June 27, 2018 7:11 pm | 0 Comments

Quite a busy week except Wednesday July 4th US holiday,

Main focus should be US NFP number on Friday, market forecasting 198k NFP and 3.8% unemployment rate.

 

Sterling Wanes due to Bank of England Doubts

By | 3:49 pm | 0 Comments

Sterling

Sterling on the decline

Sterling decreases because of Brexit talks and doubts that the BoE will raise interest rates.

Dull Philly Fed Data Slows Down USD

By | June 21, 2018 3:17 pm | 0 Comments

USD

USD Rally Slowed

USD fading due to weak Philadelphia Fed data.

ECB decision and press conference

By | June 14, 2018 3:17 pm | 0 Comments

ECB left rates unchanged as expected, announced tapering from October to December then end QE by the end of December.

ECB President Draghi’s press conference were more dovish with main comments below;

  • See increasing uncertainties from risks
  • Dont’ want to underplay risks
  • Softer patch seemed to extend into 2nd quarter
  • Expect rates to remain unchanged to at least summer of 2019
  • Did not discuss about the timing of a rate hike

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FXDD Now provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FXDD Now specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FXDD Now expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.