GBP/USD is subjected to markets take on weekend events. We still have a possibility that Johnson can get his deal though. GBP/USD ended on Friday with a surge, sustaining the bid from a low of 1.2839 to a high of 1.2979, polishing the week’s positive bias having climbed from a low of 1.2469 on the
Silence speaks louder than words Clarida’s speech was the last opportunity for the Fed to push back against a cut that’s 84% priced into the market. He didn’t. Of course he offered the token ‘meeting-by-meeting’ phrase but that isn’t swaying anyone. He also highlighted low inflation which is growing into the Fed’s go-to reasoning for
MARKET DEVELOPMENT –US Dollar Suffers, EUR/USD Gains, GBP/USD Eyes Critical Brexit Vote Euro continues to play catch up with GBP surge as demand for the currency remains relatively firm. However, with little on the calendar throughout the session and with investors turning their focus towards tomorrow’s historic Brexit vote, topside resistance at 1.1150-60 may cap
USD/IDR continues in a choppy range inside the near-term symmetrical triangle. 38.2% Fibonacci retracement level, formation support becomes the key for now. Despite the USD/IDR pair’s recent U-turn from 50% Fibonacci retracement, it stays inside a multi-week long symmetrical triangle while taking rounds to 14,140 during early Friday. Sellers await a clear break of 14,115,
CHINA, GDP, TRADE WAR, AUSTRALIAN DOLLAR – TALKING POINTS: 3Q Chinese GDP registers narrowly worse than expected at 6.0% y/y Industrial production data, US trade talks may have offset the headline Australian Dollar little-changed but overall trend still pointing lower Where will markets end 2019? See our Q4 forecasts for currencies, commodities and stock indexes!
Australian Dollar Outlook, AUD/JPY Technical Analysis –TALKING POINTS AUD/JPY launching offensive to take on formidable resistance Will another failed attempt induce aggressive selling pressure? Longer-term positioning still strongly supports a bearish bias Learn how to use political-risk analysis in your trading strategy! The Australian Dollar may fail to gather enough momentum against the Japanese Yen