Friday 23rd August: Markets remain subdued as focus shifts to Fed Chairman Jerome Powell’s speech in Jackson Hole, Wyoming.
Europe’s single currency remained within a familiar range Thursday, constrained by August’s opening level at 1.1079 and the 1.11 border on the H4 timeframe. Although Eurozone PMIs firmed, the euro’s dial failed to turn.
Thursday 22nd August: Focus shifts to Jackson Hole Symposium amid mild dollar recovery.
Minutes for the July FOMC stated Federal Reserve officials viewed their interest-rate cut last month as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over President Donald Trump’s trade war.
Wednesday 21st August: Greenback snaps five-day winning streak ahead of FOMC minutes.
Key risk events today: UK Public Sector Net Borrowing; Canadian CPI […]
Tuesday 20th August: Dollar extends gains; 98.50 eyed as next port of resistance.
Key risk events today: German PPI m/m; Canadian Manufacturing Sales m/m. […]
Monday 19th August: Weekly technical outlook and review.
Europe’s single currency remained on the defensive Friday, settling 0.15% lower vs. the buck. The 1.11 handle gave way in the early hours of London, consequently clearing the pathway south to August’s opening level at 1.1079.
Thursday 15th August: Trade optimism fades amidst concerns over global growth.
Key risk events today: Australia Employment Change and Unemployment Rate; French […]
Wednesday 14th August: Safe-haven currencies retreat on renewed trade optimism.
Key risk events today: German Prelim GDP q/q; French Final CPI […]
Tuesday 13th August: US dollar index constrained by weekly resistance at 97.72.
Key risk events today: UK Average Earnings Index 3m/y; UK Claimant […]
Monday 12th August: Weekly technical outlook and review
Friday’s GDP statistics came in worse than markets had expected after it was revealed the economy shrank 0.2% in the second quarter of 2019. The disappointing surprise was immediately registered in sterling exchange rate markets, with the GBP/USD concluding the day down nearly 1.00%.
