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EURUSD, GBPUSD, USD Talking Points: The post-FOMC backdrop has been busy as reverberations continued to show through Asian and European session opens following yesterday’s Federal Reserve rate decision. Risk assets are flying-high and the US Dollar is dropping back towards a key area of support. EUR/USD is making a strong topside push despite the earlier-week
Daily thread to exchange ideas and to share your thoughts Good day, everyone! Hope you’re all doing well as we get things going here in the European morning session today. It’s been a lively and action-packed start to proceedings with central bank remarks flying all over the place alongside great price action in the dollar with the
Weekly crude oil inventories and production: Oil -3106K vs -1250K expected Gasoline -1692K vs +477K expected Distillates -551K vs +377K exp Refinery utilization +0.7% vs +0.34% exp Production 12.2mbpd vs 12.3 mbpd prior API numbers released late yesterday: Crude -812K Cushing +519K Gasoline +1458K Distillates -50K WTI has jumped into positive territory at $54.10 from
Higher than expected current account balance falls short to please buyers amid lesser than forecast current account to GDP ratio. Overbought RSI indicates pullback but 100-HMA holds the downside capped. The NZD/USD pair showed little reaction to first quarter current account data while trading near 0.6530 during early Tuesday. The Q1 2019 current account balance grew
BCC survey results released overnight.  Business investment forecast to drop 1.3% y/y in 2019 +0.4% in 2020 On GDP: 2019 1.3% (BCC citing a lift in stockpiling by companies before the (original) Brexit deadline in March 2020 1.0% 1.2% in 2021 BCC Director General Adam Marshall “Businesses are putting resources into contingency plans, such as