The massive foreign money tales of Monday have been Mexico’s election, which noticed leftist front-runner Andrés Manuel López Obrador win the presidency, and Germany’s management spat over immigration. Both situations harbor some uncertainty for the nations’ respective futures and has weighed on markets. López Obrador, typically known as AMLO, cruised to victory after Sunday’s presidential […]
The euro has struggled over the previous month as the U.S. greenback has regained its footing, however whereas the shared foreign money stays up on the yr, buyers ought to rethink their expectations that the shared foreign money will strengthened rebound towards the buck quickly, in accordance to current report from Bank of America Merrill […]
Optimism over the current euro rally is fading. Speculative buyers have minimize their publicity to the shared foreign money to the bottom degree this yr, as warning ahead of the Italian election and German coalition vote on Sunday units in. According to knowledge from the U.S. Commodity Futures Trading Commission out final week, hedge funds […]
Talking Points: – The ECB made no modifications to coverage at this morning’s price determination; they did improve forecasts for GDP progress whereas decreasing inflation expectations. – The Euro remained fairly robust all through the speed choice and press convention, seemingly pointing to the truth that markets are merely steering expectations for ‘less loose’ coverage […]
ECB holds charges; crude oil hits recent three-month high SOURCE: Commodities – Read complete story here.
The Euro might commerce broadly decrease towards its G10 FX counterparts if the ECB financial coverage announcement doesn’t sign the approaching unwinding of QE asset purchases. SOURCE: DailyFX – Forex Market News – Read complete story here.
What’s inside: Euro giant speculators shopping for strain wanes, might point out development exhaustion quickly Crude oil giant specs proceed to carry giant lengthy place regardless of restricted upside Charts of giant spec positions in different main currencies, markets Check out our New Trading Guides web page free of charge forecasts and academic content material. […]
ECB President Draghi’s speech at Jackson Hole didn’t explicitly do something to advertise a stronger Euro, nevertheless it definitely do something to dissuade it both. For now, plainly Euro power will probably be tolerated, at the least till the September ECB assembly. SOURCE: DailyFX – Forex Market News – Read whole story here.
To obtain Ilya’s evaluation instantly by way of e mail, please SIGN UP HERE Talking Points: EUR/USD Technical Strategy: Flat Euro posts largest achieve in 2 months vs US Dollar after Flag sample breakout Confirmation, improved danger/reward settings wanted for actionable commerce setup The Euro posted the most important every day achieve in two months […]
Oil costs rise as Hurricane Harvey heads for Texas SOURCE: Commodities – Read whole story here.