The Latest in Forex News & Analysis.

UK Employment Data comes in mixed

By | 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 | 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.

NZD 1Q c/a

By | June 13, 2017 6:52 pm | 0 Comments

New Zealand Q1 Current account deficit of 8.13b NZD vs -7.28b expected.

NZD slightly lower to 0.7207 given.

Next data Australia Westpac Consumer sentiment at 2030 EDT

Currency market staying quiet ahead of FOMC rate decision tomorrow.

Gbp holds modest gains, inflation forecast stronger

By | 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 | 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!!!!!!

NAB BUSINESS CONFIDENCE

By | June 12, 2017 9:49 pm | 0 Comments

Australia May NAB Business confidence number out weaker than expected at  +7  vs +13 prior.

AUD$ made a tiny dip down by 5 pips then recovered as if nothing happened.

Other majors staying quiet with GBP slowly drifting lower.

Await UK Inflation numbers and German ZEW when Europe wakes up.

Monday morning recap

By | 11:43 am | 0 Comments

On forex, GBP/USD continues to fall as as uncertainty over the strength of the new UK government could undermine the UK position on Brexit talks. All other currencies stable in a range, waiting for the big event of this week, the US monetary policy decision on Wednesday.

US tech stocks continue to fall, dragging NASDAQ down almost 300 points from the high seen last week. Energy stocks still in positive territory as crude oil advances on the promise of Saudi Arabia and Russia that the production cap will end the supply glut.

 

Monday opening levels

By | June 11, 2017 5:28 pm | 0 Comments

Majors staying unchanged from Friday close levels:

USDJPY 110.35

EURUSD 1.1205

GBPUSD 1.2740

USDCAD 1.3460

AUDUSD 0.7532

NZDUSD 0.7205

 

News over the weekend

-Germany Merkel: EU ready to begin BREXIT talks

-France Macron seen winning 415-455 seats at French Assembly

China Inflation numbers

By | June 8, 2017 9:49 pm | 0 Comments

CHINA May CPI +1.5%yoy as expected, vs 1.2% prior month, PPI +5.5% vs 6.4% prior but no reaction on these data as the market deeply focusing on UK election.

Cable in the meantime recovering from sub 1.27 to 1.2800 as Conservatives coming back a bit,  $JPY recovering 110 handle as Nikkei trading back above key 20k.

GBP collapses on UK exit poll

By | 5:17 pm | 0 Comments

Cable drops 1.3% down to 1.2730 as Exit Poll suggests Conservatives not reaching majority.

Possible Hung Parliament makes BREXIT talk even harder.

EURGBP jumps to 0.88 handle, highest level since March.

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