Markit’s preliminary PMIs for July are set to top 50, indicating expansion. Germany’s manufacturing sector may be the laggard, but they have surprised in most recent months. EUR/USD has been having a positive week and the rare economic release could boost it. On a recovery path? Economists expect Markit’s Purchasing Managers’ Indexes to return to … “Eurozone PMIs Preview: Return to positive territory may complete bullish week for EUR/USD”
Category: Opinions
UK Retail Sales Preview: Comeback continues? Yearly figures, headwinds, could keep cable depressed
Economists expect to see the second month of recovery in British consumption in June. Year over year figures may serve as a reminder that expenditure remains depressed. GBP/USD has room to fall, also due to other headwinds. Football is coming home – matches in England’s Premier League were resumed on June 1, potentially adding to … “UK Retail Sales Preview: Comeback continues? Yearly figures, headwinds, could keep cable depressed”
2020 Presidential Elections: Trump is losing his economic edge, for three robust reasons
Donald Trump inherited a long-running improving labor market and had no impact on its trajectory. The president’s tax cuts provided an insubstantial increase in GDP and did not garner public support. Escaping leadership in the coronavirus crisis is on course to cause a deep recession. The only edge is eroding away – President Donald Trump … “2020 Presidential Elections: Trump is losing his economic edge, for three robust reasons”
EU Deal Analysis: EUR/USD buy opportunity? Why the move is historic and should keep the euro bid
EU leaders agreed on a €750 billion recovery fund a seven-year budget. The issue is now settled and should provide confidence for investors. Unprecedented grants open door to similar such move in future. EUR/USD has more room to continue its upward march. Buy the rumor, sell the fact? – That is the short-term reaction to … “EU Deal Analysis: EUR/USD buy opportunity? Why the move is historic and should keep the euro bid”
USD/JPY: Will gloom guide it lower? Geopolitics, jobless claims, coronavirus all eyed
USD/JPY has been torn between hopes and concerns related to the virus. US jobless claims, COVID-19 statistics, and Sino-American tensions will likely set the tone. Mid-July’s chart is painting a balanced picture with clear battle lines. The FX Poll a lower target in the long term ahead of sideways movements beforehand. Coronavirus vaccine hopes and mostly … “USD/JPY: Will gloom guide it lower? Geopolitics, jobless claims, coronavirus all eyed”
GBP/USD: Exposed? Failure to rise on robust data, strong resistance, point to falls
GBP/USD has been unable to rise despite mostly upbeat data from both sides of the Atlantic. UK retail sales, US jobless claims, and coronavirus figures are now eyed. Mid-July’s daily chart is showing that the pair is nearing downtrend resistance. The FX Poll is pointing to short-term gains before a downturn and then some stabilization in … “GBP/USD: Exposed? Failure to rise on robust data, strong resistance, point to falls”
US Consumer Sentiment Preview: Finally an update on coronavirus resurgence damage, S&P 500 on alert
The University of Michigan’s Consumer Sentiment Index for July is projected to remain stable. US COVID-19 cases picked up only in mid-June and recent data has been unable to capture the shift. Investors seemed to shrug off June’s retail sales figures and are likely to react to this figure. The last publication of the week … “US Consumer Sentiment Preview: Finally an update on coronavirus resurgence damage, S&P 500 on alert”
The Importance of Using Fibonacci Levels for Targeting
Dear Traders, Many of you have already heard of the Fibonacci tool, but did you realize that Fibs can also be used as targets? This article reviews how traders can aim for Fibonacci targets, which offers key levels for exits. And knowing where to exit a trade is in fact just as important as knowing … “The Importance of Using Fibonacci Levels for Targeting”
Title: Decision Zones and Triggers Help Filter Your Trading Ideas
Dear Traders, Do you sometimes enter a trade in the ‘middle of nowhere’ with no clear bounce or break spot on the chart? Traders are often tempted to trade spontaneously when they price action moving quickly. But an unplanned trade often creates trouble… This guide explains how traders can plan their trade setups and entries … “Title: Decision Zones and Triggers Help Filter Your Trading Ideas”
Chinese GDP: Three uncertainties open door to surprises, volatile marketreaction
The Chinese economy most likely rebounded in the second quarter, yet government support is still needed. Factories have been keeping up, yet external demand is questionable. Consumers have been shy but their confidence has been rising, adding to the uncertainty. Comeback from coronavirus – but how much? China has surely bounced back in the second … “Chinese GDP: Three uncertainties open door to surprises, volatile marketreaction”