In today's #marketinsights video recording I analyse #GBPUSD and #EURUSD #FXMajors! GBPUSD Dragged down by: - BoJo push for an early election on December 12 - Increasing likelihood of October exit failure EURUSD Under Pressure as: - ECB reiterates downside risk, stubbornly low inflation - Draghi hints to fiscal policy measures Stavros Tousios Head of...
EURGBP could move a tad lower to complete intermediate wave 2 near 0.8480 before continuing higher. The said level is the 100% FE of the first minute degree zig-zag and could be duplicated as minor X was somewhat dominant. Look for a valid reversal above last zig-zag's minute b wave but expect minute c to complete first. Minute c should be truncated to support...
In today's #marketinsights video recording I analyse #GBPJPY and #EURGBP #FXMinors! GBPJPY Supported by: - Increasing expectations EC will grant January extension - BoJo win in case of early election - Weak safe-haven flows - Japan manufacturing to 3yr low EURGBP Under Pressure as: - Investors eye ECB and last Draghi meeting - Disappointing Business Climate...
In today’s #marketinsights video recording I analyse #GBPUSD, #EURUSD and #USDCAD! Another failed Johnson attempt to get Parliamentarians to vote supports the #pound as now chances of an extension increase! Both an October exit (highly unlikely) or an extension could see mainly #pound and in a smaller degree #euro gain. Meanwhile, in Canada Trudeau won the...
In today's #marketinsights video recording I analyse #SPX and #DXY #Indices! Equities and Cash Indices are both affected by growing confidence surrounding #tradewars, #Brexit and of course, the upbeat US earning reports that keep coming out! With Mr Trump expecting a #tradewar deal by the middle of next month and BoJo willing to push through his latest EU-agreed...
In today's #marketinsights video recording I analyse #EURUSD and #GBPUSD #FXMajors! Pound Bid on Brexit agreement with EU. BoJo nee's to break DUP and opposition resistance and get deal through Parliament. Expected over the weekend! Euro supported by positive news and despite Germany revised GDP downward. Risk appetite up in general with #Aussie, #Kiwi, #Loonie...
In today's #marketinsights video recording I analyse #XAUUSD and #WTI Oil! Gold Lower on: - Brexit optimism despite running out of time - Banks reporting good Q3 results, and equities rising - US-Sino on a stalemate, allowing new-coming flows to take over Crude Oil Lower on: - IMF downgrading growth again, again - Dismissed excitement surrounding limited trade...
In today's #marketinsights video recording I analyse #GBPUSD and #AUDUSD Pound Lower on: - Highly complex proposal for a double customs system - Nothing substantial or "workable" submitted to EU Aussie Lower on: - Tradewar shift, again, as tariffs part of the limited deal - Phase one not documented, China needs confirmations Stavros Tousios Head of Investment...
In today's #marketinsights video recording I analyse #SPX500 and #DXY SPX Bid on: - US-China limited deal - Brexit front optimism *Performance depends on deal details and US earnings! US Index Down on: - Trade optimism - Fed willing to cut again And despite UoM was upbeat! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general...
In today's #marketinsights video recording I analyse #GBPUSDand #USDCAD FX Majors! GBPUSD records best day in months - Johnson-Varadkar see "pathway to deal" by end of October - Despite GDP and MAnufacturing data disappointed USDCAD down on tradewr optimism - Trump changed mind and now is open to a partial deal - Willing to and will meet He on Friday to resume...
In today's #marketinsights video recording I analyse #gbpchf and #audjpy minors! Both pairs are showing an identical pattern and are indeed influenced by: AUDJPY - Tradewar tensions but latest from positive developments on the back of a potential partial deal Chinese are willing to do - Positive Home Loans in AU and negative BoJ Corporate Goods Price Index...
In today's #marketinsights video recording I analyse #wti #oil and #gold Gold and Oil affected by (what moves gold up, weakens oil): - Tradewar tensions after Trump imposed visa restrictions to Chinese officials - A worsening growth outlook for global economies - Potential early election in the UK as hopes of Oct resolution fade away - Fed's short-term bond...
In today's #marketinsights video recording I analyse #GBPUSD and #USDCHF #GBPUSD moves on: - BoJo plan optimism on Commons - BoJo plan falling flat on Good Friday agreement threat - BoJo plan creates new borders, still seen as backstop #USDCHF looking bearish on: - Weak ISM NMI - Increased chances of rate cuts - HIgher fears of recession All eyes on NFP today!...
In today's #marketinsights video recording I analyse #EURJPY and #GBPCHF #EURJPY looking bullish on: - Expectations of further BoJ easing - Poor JP consumer confidence - Soft BoJ monetary base - Good German PMIs and EA Inflation #GBPCHF looking bearish on: - Expectations of a strong franc - Poor UK construction PMI - Fresh BoJo proposal sentiment Stavros...
In today's #marketinsights video recording I analyse #EURGBP and #USDRY #EURO and #POUND pressured from Stronger DOLLAR: - Following Trump transcript release - Partial deal with Japan - Close US-Sino deal Trump comment - ECB's Germans board member quitting #EURO also pressured from: - Spanish PPI - US-EU tensions - EU-UK tensions #POUND also pressured from: -...
In today's #marketinsights video recording I analyse EURUSD, USDJPY and GBPUSD #Euro down on: - Disappointing German Manufacturing PMI (actual 41.4 vs expected 44.1 vs previous 43.5) - ECB could have made a mistake talking somewhat 'neutral' - Draghi's speech hinted to high uncertainty, decision-making harder and harder #Yen down on: - Disappointing Japanese...
In today's #marketinsights video recording I analyse #GBPJPY and #USDMXN! #Pound Remains Solid: - MPs support 3-month extension - Monthly CPI rise not as expected, but improved #Yen Likely to Weaken: - BoJ held rates unchanged but acknowledged increasing risks - Ultraloose policy to be re-examined at October meeting #MXN Supported By Fed: - Emerging...
In today's #marketinsights video recording I analyse #fxmajors #audusd, #gbpusd and #eurusd. They are all under pressure for different reasons: EURUSD - ECB's Lane dovish on ECB's inflation target - Italian CPI weakening GBPUSD - BoJo goes to Brussels empty-handed - Brussels not sure if extension will help AUDUSD - RBA reveals plans to cut more if necessary -...