Key Events to watch out for this week
Tuesday EUR Gross Domestic Product (QoQ) (consensus -12.1%, previous -3.6%) – 10:00 AM BST Gross Domestic Product (YoY) (consensus -15%, previous -3.1%) – 10:00 AM BST The Worries around the health of the Eurozone have come into the spotlight amid a worrying set of trade data from Germany. Should the…
Technical Report- Update (+240 pips !) and new Ideas
This report will update the setups discussed in the ‘FX Technical Report – Week Ahead’ published on the 29th August and look at new potential opportunities Summary of previous positions and if target has been met EUR/USD – Long Bias , Target met ? Yes (+100 pips) USD/CAD – Short Bias ,…
Key Data Releases This Week
Macro Weekly look ahead for the week commencing 31st August – 4th September 2020 Tuesday AUD RBA Interest Rate Decision (consensus 0.25%, previous 0.25%) – 05:30 AM BST The RBA have already previously announced they will be keeping rates near the record low of 0.25%. Although RBA statements have talked…
Dollar fails to rebound whilst US equity futures continue to rise and tax hike rumours spark in the UK
Dollar Index fails to hold to earlier gains from European morning session, falling sharply from 92.48 to 92.20. European and US equity bourses climb , with Japanese equities outperforming Asian peers. Though covid-19 cases are dropping in developed countries, they remain high in developing countries - the battle is far from over. Tax hike rumours in the UK?
JPY ready to explode higher or false hope ?
The Japanese Prime Minister , Shinzo Abe, just resigned as reported this morning over ‘health issues’, citing a flare up on this chronic ulcerative colitis. However he did not name a successor, despite this the JPY saw sharp bidding with most XXX/JPY pairs trading at least -0.50% on the day.…
European Stocks are in Green Despite Sluggish Economic Data
European stock future soared sharply on Monday despite weaker than expected Eurozone economic data as Eurozone flash PMI data significantly impacted trader’s sentiments for a V-shaped recovery from the deepest economic downturn.