Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
The CSI and Shanghai indices rose by over 1% during the Asian trading sessions, taking the year to date rise in 2019 of the CSI to 26%. Representing a highly significant reversal of Chinese equity markets’ fortunes and in stark contrast to the slump experienced in late 2018. The indices have risen significantly over recent […]
Sterling will once again be under focus this week as the U.K. government considers bringing another vote to parliament, on the Brexit withdrawal agreement. The next official meaningful vote is scheduled for March 12th, however, certain U.K. publications are suggesting Mrs. May, the U.K. prime minister, might bring the vote forward to this week. It’ll
Various manufacturing PMIs were published by IHS Markit during the Asian and London-European trading sessions on Friday, the majority weren’t listed even as low or medium impact calendar events, as they’re considered unlikely to move FX markets. Countries such as Spain and Poland aren’t major manufacturing destinations, therefore analysts tend to overlook the figures, despite
Sterling slipped back versus its main peers during Thursday’s trading sessions, as FX traders appeared to take profits, perhaps collectively calculating that this recent bullish movement had run its course. The recent surge in the value of the U.K. pound, has related to optimism regarding the Brexit impasse. However, FX market analysts may have finally
Friday March 1st is an extremely busy day for economic calendar events, beginning with a slew of results for the Eurozone. Data from Germany will include the latest retail figures which, according to the Reuters forecasts, are predicted to have risen by 1.90% in January, after posting dismal figures of -4.30% for December. Year on
After Honda recently announced they were exiting the U.K. by 2021, sector analysts and U.K. government mandarins, were hoping that the slump the car manufacturing industry is obviously mired in, wouldn’t show any signs of worsening, when the latest data was published by the trade body the SMMT on Wednesday. Unfortunately, the industry reported that
Cable reached a seven month high during Wednesday’s afternoon trading session, after analysts and FX traders deduced that the U.K. govt. is likely to ask for a delay to Brexit, past the March 29th deadline. The chance of a no deal Brexit now looks less likely, based on the various statements and Parliamentary amendments passed
GBP/USD reaches seven month high, as investors determine no deal exit less likely Read More »
On Thursday February 28th, at 13:30pm U.K. time, the latest annualised QoQ Q4 figure for USA GDP growth will be published. According to the Reuters forecast, after they’ve recently polled their panel of leading economists, the headline GDP figure is expected to fall from 3.4% recorded in Q3, to 2.5% for Q4. Such a fall,
Japan’s yen and the USA dollar, both rose marginally versus their currency peers during the Sydney-Asian session, as two Indian warplanes were reported to have been shot down by Pakistani forces. This escalation came after India carried out incursions into Pakistan airspace on Tuesday, in order to eliminate what the Indian armed forces believed to
Yen and U.S. dollar generate safe haven appeal, as India-Pakistan tensions rise Read More »
Sterling was the major focal point in the FX markets, during Tuesday’s trading sessions, GBP/USD traded at a high not seen since September 2018, whilst EUR/GBP fell to a low not witnessed since May 2017. The reason for investors’ bullish sentiment regarding sterling, related to Mrs. May, the P.M. of the U.K. making a statement
