A defiant MAy more sent the GBP/USD plunging 1.50%. The PM’s position may be a political move ahead of her party’s conference. The downfall could turn into a buying opportunity. UK PM Theresa May said she always treated the EU with respect and expected the same. She said she will not accept tearing up her … “GBP/USD buying opportunity? May could be posturing”
Category: Opinions
USD/JPY awaits the Fed in an uptrend channel
The USD/JPY extended its gains on higher yields and as markets ignored the tariffs. The Fed decision is left, right, and center in the last week of September. The pair is trading in an uptrend channel on the daily chart. This was the week: Ignoring trade, yielding to yields The US finally announced its decision … “USD/JPY awaits the Fed in an uptrend channel”
GBP/USD Buying opportunity? Brexit could become favorable after the Tory Conference
PM May is toughening her position ahead of key events. It may preempt a total surrender after the Conservative Party Conference in Birmingham. The GBP/USD may fall on the headlines now but could soar if things improve afterward. UK Prime Minister Theresa May said that “it’s either my deal or no deal.” Despite a lack … “GBP/USD Buying opportunity? Brexit could become favorable after the Tory Conference”
The Future of NAFTA – Will Trump Make North America Great Again?
NAFTA, the tripartite North American Free Trade Agreement between Canada, Mexico, and the United States, is in the process of a significant overhaul. On the heels of a deal between the US and Mexico, US and Canadian officials are negotiating their own deal to complete the NAFTA agreement. But with recent acrimony between Ottawa and … “The Future of NAFTA – Will Trump Make North America Great Again?”
Bitcoin bounces back ahead of Direxion’s ETF decision
The BTC/USD had an exciting week, recovering nicely and making a nice U-turn. Interest from Morgan Stanley pushed prices higher and so did Mike Novogratz’s comments. The technical picture is mixed for the digital coin. The price of Bitcoin made an impressive recovery, advancing from enjoying a bounce of over $400 and topping $6,500. Morgan Stanley is … “Bitcoin bounces back ahead of Direxion’s ETF decision”
3 reasons for the EUR/USD rally and levels to watch
The ECB sees risks as balanced and did not cut inflation forecasts. The EUR/USD got a boost also from Turkey and weak US inflation. The pair eyes levels last seen in July and August. The EUR/USD is trading at new highs for September, around 1.1670. ECB President Mario Draghi is the primary driver of the common currency … “3 reasons for the EUR/USD rally and levels to watch”
EUR/USD: ECB may react to growing signs of weakness
Euro-zone growth may remain robust, but the engine is slowing down. The ECB may exercise its conditionality and prolong the exit. The EUR/USD may lose more ground on growing divergence. The euro-zone grew at a pace of 0.4% QoQ in Q1 and also in Q2 2018. Forecasts for the third quarter are positive, and the … “EUR/USD: ECB may react to growing signs of weakness”
Draghi can down the Euro even on the eve of QE tapering
The ECB is set to provide fresh forecasts ahead of the planned QE tapering. The recent slide in inflation implies a dovish tone from President Draghi. The EUR/USD may see choppy trading due to many moving parts in the presser and beyond. The European Central Bank will deliver its rate decision on Thursday, September 13th, … “Draghi can down the Euro even on the eve of QE tapering”
US CPI Preview: Understanding where the Fed will halt hikes
US core inflation is expected to remain unchanged in August. Markets are looking beyond the September hike and into the future. It could serve as a significant market mover for the US Dollar. The US publishes the Consumer Price Index report on Thursday, September 13th, at 12:30 GMT. With Trump’s trade tariffs, issues with Emerging … “US CPI Preview: Understanding where the Fed will halt hikes”
EUR: 2 Reasons Why the ECB Not Likely A Big Event For EUR/USD – Danske
The European Central Bank convenes on September 13th and also presents new forecasts. What can we expect? Here is their view, courtesy of eFXdata: Danske Research discusses its expectation for next week’s ECB September policy meeting. “When ECB President Mario Draghi takes the stand next week, we do not expect it to be a big event for EUR/USD. … “EUR: 2 Reasons Why the ECB Not Likely A Big Event For EUR/USD – Danske”