- Trade views
- Must reads
Calendar event / Yesterday at 23:50 GMTpreviousforecastactualMed Core Orders, M/M%-18.3%+10%+7.6%Med Core Orders, Y/Y%-7%+4.5%
Squawk / Yesterday at 22:08 GMTWednesday December 12 #FX technical sentiment:
Squawk / Yesterday at 22:03 GMTW50 #FX daily update:
#CHF 1.25 %▼
#JPY 0.97 %▲
#USD 0.73 %▲
#EUR 0.45 %▼
#NZD 0.08 %▲
#CAD -0.42 %▲
#GBP -1.33 %▼
#AUD -1.72 %▲
Calendar event / Yesterday at 13:30 GMT
US PPIpreviousforecastactualMed Personal Consumption+0.8%-0.1%Med Ex-Food & Energy PPI, M/M%+0.5%+0.1%+0.3%Med PPI, M/M%+0.6%-0.1%+0.1%
Calendar event / Yesterday at 10:00 GMT
DE ZEW Indicator of Economic SentimentpreviousforecastactualMed Current Conditions58.256.345.3Med Economic Expectations-24.1-24-17.5
Calendar event / Yesterday at 9:30 GMT
GB UK monthly unemployment figurespreviousforecastactualHigh Jobless Claimants % of Workforce2.7%2.4%High Jobless Claimants-Adj+20200+11800Med Avg Earnings Ex-Bonuses, 3-Mo+3.2%+3.2%+3.3%Med Unemployment Rate, 3-Mo4.1%4.1%4.1%Med Unemployment, Net Chg, 3-Mo+21000+20000
Squawk / Yesterday at 6:50 GMTSterling plunges as Brexit vote is cancelled
The GB Pound FX rate was already looking vulnerable in the run in to the previously scheduled vote in Parliament today on the Prime Minister May’s Brexit deal.
However, the cancellation/ postponement of this vote saw the Pound sell off aggressive early across major G10 currencies, with GBPUSD sending a particularly negative technical signal.
The GBPUSD plunge Monday through key 1.2661/ 58 supports sets the threat still lower into December.
Theresa May is going back to the EU to try to renegotiate the deal, but potential political developments may not allow her time to do so, with growing risks for a Conservative Party leadership challenge, a vote of no confidence in the Government, or a proposal for a second referendum on EU membership.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/sterling-plunges-as-brexit-vote-is-cancelled/
Squawk / Yesterday at 6:44 GMTUSDCAD - Supported by key Average and Marabuzo line
Friday’s downside failure at a daily Marabuzo line left the immediate outlook for this week unclear. That situation has yet to be clearly resolved but Friday’s net losses were regained after buyers were again seen near that Marabuzo line (Dec 5th) and the 13 day mvg avg. Until/unless last week's top is breached signals for sentiment cannot be strong but a close near the highs ensures that our technical studies have a positive bias.
So we look to Buy in 1.3400/05 area and any 1.3363 dip
Targets are 1.3427, 1.3445 or even 1.3487
Stop is 1.3328 offered
Closes 4pm London time
Squawk / Monday at 22:04 GMTTuesday December 11 #FX technical sentiment:
Squawk / Monday at 21:40 GMTW50 #FX daily update:
#CHF 1.42 %▲
#JPY 0.88 %▼
#EUR 0.64 %▲
#USD 0.60 %▲
#NZD -0.05 %▲
#CAD -0.6 %▼
#GBP -0.86 %▼
#AUD -2.03 %▲