USD/JPY has hit four-month highs amid optimism on trade and Brexit. Brexit, US Durable Goods Orders, housing data, and further political developments are eyed. Mid-October’s daily chart is painting a bullish picture. The FX Poll points to short-term gains but falls later on. Brexit has gone global – joining the partial US-Sino deal in boosting … “USD/JPY may extend gains if Brexit passes”
Author: admin_mm
GBP/USD: Will the ayes have it? If not, expect a downfall
GBP/USD has extended its surge after the UK, and the EU struck a new Brexit deal. The crucial Brexit vote in parliament and its follow-up are set to dominate pound trading. Mid-October’s daily chart is pointing to overbought conditions. “We’ve got a great new deal,” tweeted UK Prime Minister Boris Johnson and set alight sterling’s … “GBP/USD: Will the ayes have it? If not, expect a downfall”
Four GBP/USD scenarios after the EU-UK Brexit deal
The UK and the EU reached a Brexit deal and the ball now moves to the UK parliament. There are four different scenarios and outcomes for the pound. Substantial GBP/USD volatility is expected ahead and after the weekend. “We have a deal” – screamed the headlines and GBP/USD shot higher, falling short only 11 pips … “Four GBP/USD scenarios after the EU-UK Brexit deal”
GBP/USD: Five Brexit scenarios with very different outcomes
EU leaders convene in Brussels and aim to hammer out a Brexit deal. The outcome depends on the instant reactions and not only on the deal. Five different scenarios could send GBP/USD to considerably different prices. “Get Brexit done” was the Conservative Party’s conference slogan – but it is easier said than done. To make … “GBP/USD: Five Brexit scenarios with very different outcomes”
USD/JPY has more room to rally if Trump clinches a trade deal
USD/JPY has surged as the US and China were getting closer to a partial trade deal. Trade developments and US retail sales stand out in the upcoming week. Mid-October’s daily chart is painting a marginally bullish picture. The FX Poll is showing falls for the pair in the longer terms. USD/JPY has experienced high volatility … “USD/JPY has more room to rally if Trump clinches a trade deal”
Three scenarios for Brexit and GBP/USD as talks reach critical stage
A Brexit extension is the most likely scenario and would see GBP/USD retreating. A last-minute deal has medium probability and would send sterling soaring. The pound would tumble on the remote chance of a no-deal Brexit. The relative calm in GBP/USD fools no one – the clock is ticking down to Brexit Day, and when news headlines meet nervous … “Three scenarios for Brexit and GBP/USD as talks reach critical stage”
USD: Sept NFP: Still On Healthy Footing; Enough For Fed To Skip October And Cut In December – CIBC
September´s jobs report gave a little bit to everybody. Will the Federal Reserve cut interest rates? Here is their view, courtesy of eFXdata: CIBC Research discusses its reaction to today’s US jobs report for the month of September. “The US labor market appears to still be on relatively healthy footing despite the downside miss on … “USD: Sept NFP: Still On Healthy Footing; Enough For Fed To Skip October And Cut In December – CIBC”
Safe-haven yen has more room to run on ongoing global downturn
USD/JPY has been on the back foot amid economic weakness and political uncertainty. High-level trade talks, the FOMC minutes, and inflation are high on the agenda. Early October’s daily chart is pointing to new lows. Experts are bearish on USD/JPY on all timeframes. USD/JPY has proved that it is data-dependent – and depressing figures sent … “Safe-haven yen has more room to run on ongoing global downturn”
Time to talk about the Boris Brexit plan – and GBP/USD could go down
GBP/USD has advanced as PM Johnson proposed a deal that is backed by many MPs. The EU is yet to accept the plan, and crunch negotiations stand out this week. Early October’s daily chart is showing improving odds for pound bulls. The FX Poll reveals that experts see GBP/USD falling in the medium and long … “Time to talk about the Boris Brexit plan – and GBP/USD could go down”
Three reasons for the stock market crash
US economic data have been weak and add to recession fears. Trade uncertainty weighs despite China’s week-long holiday. Political uncertainty has risen with further developments in both parties. US stock markets are falling for the second day in a row – and Wednesday’s declines are worse than Tuesday. Safe-haven assets such as the Japanese yen … “Three reasons for the stock market crash”