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Upcoming forex market movers

By Joseph Mannix | July 7, 2017 4:34 am | 0 Comments

It is the week of the G20 forum for the governments and central bank governors from the 20 major economies of the world. Its member states are responsible for 85% of global GDP, three quarters of global exports and represents about two thirds of the population around the world. The G20 aims to discuss an array economic and financial issues. That’s why G20 has an important effect on markets.


However, the market is mainly focusing on the USD unemployment  data that will be issued at 8.30 EST. Yesterday’s weaker ADP , which provides a measure of monthly change in employers in non-farm and private employment, weakened the USD. The main change has been registered by the EURUSD that has reached the closing level of last week 1.1418. A further negative figure on NFP will probably push EURUSD to levels registered on May 2016 and knock USDJPY off of its lofty perch.

However this data affects trading it should make for an interesting session. Opportunities abound!!!!!

UK Employment Data comes in mixed

By Joseph Mannix | June 14, 2017 4:35 am | 0 Comments

UK average earnings index 3M/Y comes in at 2.1% less than the 2.4% forecast

Claimant count change was less than expected +7300 actual vs. +12,500 forecast

Gbp sold off just prior to 1.2750 just prior to release and currently resides at 1.2760.

GBP looking strong; employment data on tap in a bit

By Joseph Mannix | 2:29 am | 0 Comments

Gbp/usd has broken above 1.2780, showing some strength in early trading ahead of employment data to be released at 4:30 AM EST. The market should be focused on the average earnings index which is forecast at 2.4%. Gbpusd currently trading at 1.2787.

Gbp holds modest gains, inflation forecast stronger

By Joseph Mannix | June 13, 2017 6:02 am | 0 Comments

UK CPI y/y  2.9% actual vs. 2.7% expected. Gbp/Usd holding above 1.2700. Eur/Gbp hovering just above recent lows at .8616.

F/X market awaits UK and Eurozone data

By Joseph Mannix | 3:27 am | 0 Comments

It has been a quiet session thus far. Things should pick up in the upcoming hours with the release of UK CPI at 4:30 AM EST and German ZEW at 5 AM EST. Sterling has shown some strength thus far, maybe in anticipation of a stronger number, trading as high as 1.2693. Euro has been jogging in place, stuck in an 1.1185-1.1200 range. Equities are stronger across the board.

Good luck!!!!!!

Familiar range trading persists as we await Super Thursday

By Joseph Mannix | June 8, 2017 4:34 am | 0 Comments

Currencies have been bound to recent ranges as the market awaits a bevy of news events starting with the ECB’s monthly statement. Former FBI Director Comey will testify and hopefully shed some light on allegations involving President Trump. Probably nothing of any substance comes from this but it is worth keeping an eye on. Last but not least the UK elections should provide some fireworks for the GBP.

Happy hunting!!!

UK Economy grew 0.2% for Q1, revised from 0.3%

By Joseph Mannix | May 25, 2017 4:33 am | 0 Comments

Further buying pre number brought Gbpusd to 1.3014, the pair has retreated to 1.2986 on the heels of release.


By Joseph Mannix | 4:24 am | 0 Comments

Gbpusd currently trading at session high of 1.2993 and Gbpjpy at 145.18, 10 points from high. Eur has shown some strength thus far , as a result Eurgbp trading mid-range at .8550.

Stronger German Flash PMI propels Euro

By Joseph Mannix | May 23, 2017 3:49 am | 0 Comments

German Flash Manufacturing PMI  59.4 vs. 58.0 expected

German Flash Services PMI  55.2 vs 55.5 expected

Eurusd traded upto 1.1267, Eurgbp to .8673 and Eurjpy to 125.37 on news. Euro has recently retraced slightly.

Eyes now on German Ifo at 4am est

USD cannot hold gains as Trump-o-phobia continues

By Joseph Mannix | May 18, 2017 4:02 am | 0 Comments

Usdjpy off 50 points from earlier high, currently trading at 110.90

Usdchf of 25 point from high, currently trading at .9795

Equity markets were off to a positive start but have recently retreated to not so lofty levels.

There seems to be no end in sight. We wait with bated breathe for more out of Washington!!!!!

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