Jovana Pribic | Forex Trading Blog - Forex News, Articles and Market Analysis

WEEKLY MARKET SNAPSHOT 29/1-2/2| USA data comes into sharp focus, as the FOMC meet to decide interest rate policy, whilst analysts expect an improvement in the January NFP job numbers

In a week packed with high impact economic data releases, France and the Eurozone deliver their latest GDP figures on Tuesday, the expectation is for both to remain unchanged, whilst the main inflation reading (CPI) for the Eurozone is also expected to remain unchanged at 1.4%. The latest USA confidence reading will be revealed, in […]

WEEKLY MARKET SNAPSHOT 29/1-2/2| USA data comes into sharp focus, as the FOMC meet to decide interest rate policy, whilst analysts expect an improvement in the January NFP job numbers Read More »

Euro rises as Mario Draghi delivers hawkish speech, dollar recovers as Trump denies aims to weaken the currency, gold falls after a run of substantial gains

Morning Roll Call

The euro rose versus many of its peers during the afternoon session on Thursday, after Mario Draghi delivered what was generally regarded as a hawkish statement, during his press conference, held after the ECB announced that the interest rates would be kept at 0.00%. Mr. Draghi testified that growth in the Eurozone’s economy was broad

Euro rises as Mario Draghi delivers hawkish speech, dollar recovers as Trump denies aims to weaken the currency, gold falls after a run of substantial gains Read More »

Both the U.K. and USA publish their final GDP Q4 results on Friday, both will be closely monitored, for different reasons

Mind The Gap

Both the U.K. and USA statistics agencies publish the last quarter GDP figures for 2017, on Friday January 26th. Both readings will be carefully monitored for any signs of economic weakness, or continued strength, as the year came to a close. The U.K. reading will be carefully watched for further signs that the impending Brexit

Both the U.K. and USA publish their final GDP Q4 results on Friday, both will be closely monitored, for different reasons Read More »

U.S. dollar slumps as USA Treasury Secretary states the currency’s value is too high, U.S. equity markets also whipsaw, due to Stephen Mnuchin’s comments

Morning Roll Call

It’s been a while since a Trump tweet, or statement caused a sell off in the USA market indices or the dollar; the USD slumped versus all of its peers on Wednesday after Stephen Mnuchin, the Treasury Secretary, gave an interview at Davos in which he stated that the dollar was too high. An extraordinary

U.S. dollar slumps as USA Treasury Secretary states the currency’s value is too high, U.S. equity markets also whipsaw, due to Stephen Mnuchin’s comments Read More »

USA equities spike to record highs as Federal government spending shutdown is overcome, GBP/USD rises to near the 1.400 handle, due to Brexit optimism

Morning Roll Call

Investors in U.S. markets have ignored the Federal government shutdown; the DJIA and SPX rose to record highs as the first day of the shutdown began on Friday, the general mood of optimism continued through to Monday, as U.S. markets reached new record highs. The DJIA closed up 0.55% and the SPX up 0.81%, with

USA equities spike to record highs as Federal government spending shutdown is overcome, GBP/USD rises to near the 1.400 handle, due to Brexit optimism Read More »

Will USA equity markets ignore the Federal government shutdown and continue to rise to new record highs?

Morning Roll Call

As widely predicted; the USA markets ignored the impending and then actual Federal government shutdown and roared to new record highs, the SPX market breached the 2,800 level for the first time in history on Friday and is now up over 5% in 2018, whilst the DJIA ended the week up 0.21% at the close

Will USA equity markets ignore the Federal government shutdown and continue to rise to new record highs? Read More »

WEEKLY MARKET SNAPSHOT 22/1-26/1|USA and U.K. GDP growth figures will come under close scrutiny next week, as will the ECB when it meets to discuss and decide on the Eurozone’s interest rates

Is The Trend Still Your Friend

The ECB will reveal its latest decision with regards to interest rates, the key rate is at 0.00% and there is no expectation for a rise. However, the accompanying narrative from ECB president Mario Draghi will be carefully monitored, given recent protestations from various ECB officials suggesting that; the value of the euro is too

WEEKLY MARKET SNAPSHOT 22/1-26/1|USA and U.K. GDP growth figures will come under close scrutiny next week, as will the ECB when it meets to discuss and decide on the Eurozone’s interest rates Read More »

U.S. equity markets fail to hold record highs, currency price action is scarce, gold trades sideways

Morning Roll Call

Having reached fresh record highs on Wednesday, the key USA equity indices gave back some gains, with the DJIA still holding its position above the (newly breached) handle of 26,000, but closing down 0.37% on the day. Disappointing new housing starts data helped to cool market sentiment in the USA; falling by -8.2% in December,

U.S. equity markets fail to hold record highs, currency price action is scarce, gold trades sideways Read More »

U.S. equity markets reclaim lost ground to reach record highs, sterling rises as E.U. encourages U.K. to abandon Brexit, gold slips

Morning Roll Call

After pausing on Tuesday, U.S. equity markets roared back to breach record highs on Wednesday, whilst European equity markets slipped back for the second day. The SPX and DJIA made approx. 1% gains, the first such gains posted since August, with the DJIA reaching an intraday high and closing out above the 26,000 handle. Apple

U.S. equity markets reclaim lost ground to reach record highs, sterling rises as E.U. encourages U.K. to abandon Brexit, gold slips Read More »

U.S. equity markets close down, finally breaking 2018 winning streak, USD fails to make gains versus major peers

Morning Roll Call

The leading U.S. equity indices, the DJIA and SPX, reached record intraday highs on Tuesday, shortly after New York markets opened, with the DJIA breaking through the crucial handle of 26,000. However, the heights were short lived; after rising through the first level of resistance the DJIA index then fell circa 300 points from its

U.S. equity markets close down, finally breaking 2018 winning streak, USD fails to make gains versus major peers Read More »