Dollar Holds Bid as FX Awaits Trump

Market Drivers November 12, 2019 Dollar remains bid Cable gives up gains Nikkei 0.81% Dax 0.44% UST 10Y 1.94% Oil $56/bbl Gold $1453/oz BTCUSD $8755 Europe and Asia: UK GBP Average Earnings 3.6% vs. 3.8% eyed EU GE ZEW...

Economic Data Calls for 11.12.19

Here’s what we are looking for in tomorrow’s economic reports (November 12, 2019) — Good Luck Trading! 1. UK Labor Market Report (04:30 ET) Bearish GBP — Potential downside risk...

HK Protests Escalate – USDJPY Drops Below 109.00

Market Drivers November 11, 2019 USDJPY back below 109.00 UK GDP misses forecast Nikkei -0.26% Dax -0.35% UST 10Y 1.94% Oil $56/bbl Gold $1465/oz BTCUSD $8660 Europe and Asia: UK GBP GDP 0.3% vs. 0.4% North America  No Data It's been...

Trump Denies Tariff Rollback, Triggers FX Pullback Inbox

After all of this week's conflicting headlines, the only real truth is that President Trump isn't ready to back down on his trade war with China. There's no doubt that...

Trading Gold Futures, Index Futures And More On The Volume Point...

Another great futures trading session, but starting with a roundup of the forex price action from earlier in the day, with the GBP/AUD once again in focus and some...

Gold Indicator Sending Fresh Bearish Message, Says Joe Friday!

Could the Gold/US Dollar ratio be sending a fresh concerning message to Gold bulls this week? Joe Friday says Yes! This chart looks at the Gold/Dollar ratio over the past...

Tariff Rollback in Doubt? Risk FX on Pause

Market Drivers November 8, 2019 Markets very quiet as traders await next move CAD Labor on deck Nikkei 0.26% Dax 0.80% UST 10Y 1.90% Oil $56/bbl Gold $1472/oz BTCUSD $9135 Europe and Asia: No Data North America  CAD Labor 8:30 USD...

USD/JPY Hits 5 Month Highs as US Confirms Tariff Rollbacks

The biggest driver of currency flows this week are US / China trade headlines. Early on the outlook was grim with talk of the phase one trade deal delayed to...

Risk FX Explodes on Positive US China Trade Speculation

Market Drivers November 7, 2019 Risk explodes on possible cancellation of tariffs BOE meeting in focus Nikkei 0.11% Dax 0.80% UST 10Y 1.87% Oil $57/bbl Gold $1483/oz BTCUSD $9179 Europe and Asia: EUR EU forecast downgraded North America  GBP BOE...

What to Expect from BoE as Currencies Fall on Trade Worries

All of the major currencies traded lower today on reports that the first part (phase one) US-China trade deal could be delayed to December. After years of back and forth,...

EURUSD Holds Below 1.1100 – Waiting for Germany to Act

Market Drivers November 6, 2019 EZ PMIs improve New Zealand labor data misses Nikkei 0.22% Dax 0.15% UST 10Y 1.84% Oil $56/bbl Gold $1487/oz BTCUSD $9390 Europe and Asia: EUR PMI 50.6 vs. 50.2 EUR Retail Sales 3.1% vs....

Economic Data Calls for November 6, 2019

Here’s what we are looking for in tomorrow’s economic reports (November 6, 2019) — Good Luck Trading! 1. EZ PMI Services Revisions (03:55 ET) No Trade — Revisions are difficult...