As we enter the weekly close with the Non-Farm Payrolls being released shortly, we want to have a look at the USD/JPY. After the weakest ISM Manufacturing reading since June 2009 last Tuesday (seeing the biggest September contraction since the end of the 2007-2009 recession), the ISM Employment component coming in at 46.3 against 47.4 for August 2019, and...
As we start the week, we want to take a look at the premiere German equity index, DAX30 CFD. But despite a packed economic calendar, no relevant data is published for equities. That's why we want to focus primarily on the technical side in the DAX30 CFD today. After the last week of trading resulted in a sustainable drop below 12,300 points, the long sequence on...
As we enter the weekly close, we want to have a look at the USD/JPY again. But, while we face some interesting economic releases, it probably makes more sense to look also at the upcoming week of trading and the compelling economic events planned. After the USD/JPY failed to break above 108.50/109.00, an attack which seemed to be driven by the speculation that...
Gold bulls still see a very favourable Gold chart on a daily time frame. After the precious metal dropped below 1,500 USD over the last week of trading, Gold could stabilise above 1,480 USD. One main reason for the sharper push back above 1,500 USD could be found on the news that a Chinese delegation has cancelled its farm visit to Montana with officials...
As the economic calendar, particularly in Europe, is quite thin this week, our focus will be on the technical side in the DAX30 CFD. On an hourly chart, we consider the mode to be neutral and range-bound between 12,300 and 12,500 points. But, given the sequence of higher highs and lows, there's a clear bullish touch. Given the recent price action, we consider a...
Today, all eyes will be on the Fed rate decision. This is particularly true, as the BoJ rate decision also occurs from Wednesday to Thursday. In regards to the Fed, the Fed Watch Tool shows that market participants expect a rate cut by 25 basis points with around 80% probability, what means that the main focus of market participants will be concerned with what...
With the Economic calendar being quite thin as we begin the trading week, trading in the DAX30 CFD will be most likely driven by technical factors and the ECB decision's aftermath. Our view in general is that the ECB opened the door for further gains in the German index with the decision to cut the deposit rate to -0.5%, implementing a 2-tier system for reserve...
With the continuous signs over the last few days that the US and China are set to return to negotiating on trade, 10-year US Treasury yields kept on bouncing from their lows of around 1.5%, while Gold saw a corrective move and dropped below 1,500 USD. Today's release of the US Retail Sales data could, in fact, trigger further bearish momentum in the precious...
Even though the economic calendar is thin on Wednesday and volatility in Equities and FX markets subdued with awaiting the ECB rate decision on Wednesday, one can clearly feel tensions among market participants – also in, at first glance, "ECB-uncorrelated" currency pairs like the USD/JPY. After the NFPs Into the last weekly close came in mixed (130k vs 160k...
As we enter the start of the week, the economic calendar is quite thin, so we want to focus solely on the technical side in the DAX30 CFD. After breaking above 12,000 points and re-testing 12,180/200 points into the last weekly close, driven mainly by a headline last Thursday which stated that the U.S. and Chinese envoys will meet in early October for additional...
As we go into the weekly close, all eyes will be on the US employment situation, the Non-Farm Payrolls. After last Tuesday, where the ISM Manufacturing PMI in the US fell to 49.1 in August 2019 from 51.2 in July (and missed market expectations of 51.1 while pointing to the first month of contraction in the manufacturing sector since January 2016 as new orders and...
Today's focus will clearly be on the BoC rate decision. In a more and more uncertain market environment, with several central banks around the globe already having cut rates and/or will likely ease further, such a step seems imminent for the Canadian central bank. Based on a further escalation of the trade dispute between the US and China, and several signs...
As we enter the start of the week, the economic calendar is quite thin due to the US bank holiday "Labour Day" (please check the Trading Schedule for modified trading hours at Admiral Markets here), so we shouldn't expect huge volatility and big moves, especially in the DAX30 CFD. Still, the technical picture looks very interesting after the German index broke...
As we enter the weekly close, we want to have a look at the USD/JPY again. With the latest developments last week on Friday and risk-off hitting the global financial markets when US president Trump asked whether Fed chairman Powell or Chinese prime minister Xi was the bigger enemy of the US, warned that he would retaliate to China (which he did after markets...
After the complete escalation in the trade war between the US and China last Friday, the outlook for the DAX30 CFD is clearly bearish. The initial news that China would retaliate to the latest tariff announcement from US president Trump by slapping 10% tariffs on 75 Billion USD in US imports was responded to by a solid appearance from Jay Powell, as his speech at...
Since the economic calendar is quite thin into the weekly close, all eyes will likely be on Fed chairman Powell's speech from the symposium in Jackson Hole. This is particularly true in regards to the USD/JPY, after the BoJ confirmed on Wednesday that deputy governor Wakatabe attends the Jackson Hole symposium instead of Haruchiko Kuroda, meaning that no...
Today we want to focus on the USD/CAD, and the upcoming release of Canadian inflation data. After recent data showed a negative print (MoM) in June for the first time since last December, combined with oil prices not gaining significant momentum over the month of July and rising fears of a further escalation in the trade war between the US and China, it will be...
As we start the trading week, we want to focus on the DAX30 CFD. While the economic docket is quite thin, and the main focus among market participants certainly lies with the intensifying trade dispute between the USA and China, the eurozone's inflation will at least taken with elevated interest. This is especially true after the latest comments from Finnish ECB...