S2 daily pivot below
Approaching next target around 104.18
Approaching next target around 104.18
Kategorie-Archiv: Forex News
Forexlive European FX News 17 Sep – Bank of England Bangs Pound lower
Look out below, GBP sinks on BoE decision
Other markets
– FTSE -0.42%
– Dax -0.72%
– Gold -0.59%
– US oil +0.05%
The session started with USD strength dominating the price action post FOMC. Whereas not overly bullish, the Fed was not as bearish as the market was hoping for and there were no updates on any QE tweaks which
Other markets
– FTSE -0.42%
– Dax -0.72%
– Gold -0.59%
– US oil +0.05%
The session started with USD strength dominating the price action post FOMC. Whereas not overly bullish, the Fed was not as bearish as the market was hoping for and there were no updates on any QE tweaks which
Trading 101 – Always know when high impact news is due
In trading, always look ahead
You see a great news story and price is in a great technical place. You buy your instrument and then, 20 minutes later you see that you were stopped out on a large spike.
You see a great news story and price is in a great technical place. You buy your instrument and then, 20 minutes later you see that you were stopped out on a large spike.
BoE rate unchanged at +0.10% vs +0.10% expected
Monetary Policy Decision – 17 Sep 2020
GBPUSD falls to $1.2909 down -0.4% vs USD after Bank of England statement and dovish shift from BoE as talking more openly about negative rates. Out of the toolbox and now weighing up how to use it. GBP sells on the development.
GBPUSD falls to $1.2909 down -0.4% vs USD after Bank of England statement and dovish shift from BoE as talking more openly about negative rates. Out of the toolbox and now weighing up how to use it. GBP sells on the development.
Top tip – Use the market wrap to find currency pairs to trade
Insight
When you are reading an end of FX session wrap you need to hone in on the most significant market events. Was there some key market moving data released in the previous session? Look to pair weak currencies against strong currencies to increase your chances of currency trading.
When you are reading an end of FX session wrap you need to hone in on the most significant market events. Was there some key market moving data released in the previous session? Look to pair weak currencies against strong currencies to increase your chances of currency trading.
ING crib sheet on key Brexit issues between EU and UK
EU and UK deal makers and breakers
Barnier out on the wires earlier on a ‚glimmer of hope‘ regarding fisheries earlier in the session, but ’not yet there‘.
Barnier out on the wires earlier on a ‚glimmer of hope‘ regarding fisheries earlier in the session, but ’not yet there‘.
Key Brexit dates ahead
Via ING
Here is handy little crib sheet from ING on the key Brexit dates ahead
Next date in focus is the special EU Council meeting on September 25. Bearish pressure mounts for the GBP.
Here is handy little crib sheet from ING on the key Brexit dates ahead
Next date in focus is the special EU Council meeting on September 25. Bearish pressure mounts for the GBP.
UK PM Johnson on fisheries
Fishing is contentious
The UK exports the majority of its fish. The EU fishing communities rely on access to UK waters. Expect tough negotiations over fisheries. UK gunning for Norway/EU style deal.
The UK exports the majority of its fish. The EU fishing communities rely on access to UK waters. Expect tough negotiations over fisheries. UK gunning for Norway/EU style deal.
US MBA mortgage applications w.e. 11 September -2.5% vs +2.9% prior
Mortgage Bankers Association w/e Sep 11
With uncertainty abounding less mortgage applications despite the low interest rates.
With uncertainty abounding less mortgage applications despite the low interest rates.
Forexlive European FX News 16 Sep – Risk broadly on, but FOMC looms
16 September 2020
Other markets
– FTSE -0.20%
– Euro Stoxx -0.06%
– Dax -0.03%
– CAC -0.02%
– Gold +0.49%
– US oil +2.12%
The session started with a positive risk sentiment that saw the USD weaker across the major currencies. That accelerated around mid-morning and risk appetite was positive and US futures were positive on the session alongside European cash markets.
Other markets
– FTSE -0.20%
– Euro Stoxx -0.06%
– Dax -0.03%
– CAC -0.02%
– Gold +0.49%
– US oil +2.12%
The session started with a positive risk sentiment that saw the USD weaker across the major currencies. That accelerated around mid-morning and risk appetite was positive and US futures were positive on the session alongside European cash markets.