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  • Squawk / 46 minutes ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Downside correction risks for EURUSD and GBPUSD

    A slightly firmer tone has emerged for the US Dollar since mid-September, particularly in the wake of a more hawkish tone from the FOMC after their Wednesday 20th September meeting.
    For EURUSD, this US$ strengthening is now threatening a deeper correction to the downside below 1.1837 and 1.1821 levels and a break of Neckline support for a small Head and Shoulders pattern.
    Erratic activity for the GB Pound last week and although the intermediate-term outlook remains bullish, the very short-term risk for late September is for a downside corrective tone.

    See full report with charts and video analysis on ForexFraud here.
    https://www.forexfraud.com/forex-articles/downside-correction-risks-for-eurusd-and-gbpusd.html
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  • Calendar event / 1 hour ago

    DE Ifo Business Climate Index
    forecast
    actual
    High Business Sentiment Idx
    115.9
    115.2
    High Current Conditions Idx
    124.7
    123.6
    High Business Expectations Idx
    107.8
    107.4
  • Video / 2 hours ago

    From the Floor: Markets looking at Merkel — #SaxoStrats

     #SaxoStrats
    Europe's largest economy, Germany, will keep Angela Merkel as its head of government. But the coalition talks ahead will be complicated. Currently the only option seems to be working with two parties that are very different: Greens and Liberals. The way the election result will push the euro will be decisive for markets today.
    watch video
  • 43m
    fxtime fxtime
    Clare welcome back :-)
    4m
    Clare Mac Carthy Clare Mac Carthy
    Thanks, my friend. Good to be back :-)
  • Squawk / Yesterday at 20:47 GMT
    Managing Director / Technical Research Limited
    New Zealand
    NZDUSD jumped 40 pips to 0.7375 on the open after Saturday's New Zealand election showed the ruling National party won the battle, but not yet the war - they need to form a coalition with the mercurial Winston Peters who holds the balance of power. Peters has the option of handing the reins to a Labour/Greens team. Given this uncertainty, NZDUSD is now giving up early gains and is slipping back towards 0.7300

    EURUSD is off from Friday's close of 1.1960 to 1.1900 in early trading after the German election.
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  • Squawk / Friday at 21:25 GMT
    Managing Director / Technical Research Limited
    New Zealand
    US stocks traded quietly on Friday ending the day – and the week – close to where they started.

    This bull market is the second longest since since WWII (see chart below)

    Bond yields and USDJPY declined a touch (in unison, as usual). USD was on the back foot as traders re-assessed the new “dot plot” for the fed funds rate (see chart). The three rate hikes projected for next year may not happen when President Trump makes new appointments to the Committee.

    Reducing the balance sheet will probably go ahead regardless, but the ECB and Bank of Japan will be filling the gap (see chart).

    Germany and New Zealand go to the polls this weekend. Both will emerge with coalition governments, but New Zealand’s could be left or right wing. As such NZDUSD is likely to trade actively when the local market opens Monday morning. See here https://www.tradingfloor.com/posts/nzdusd-primed-for-big-move-on-election-outcome-8951818
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    View all 5 comments
    1d
    Patto Patto
    You were right Max. The result shows that Winston Peter's NF First party can go with either National or Labour/Greens to form the next government. But National...
    22h
    Jim Earls Jim Earls
    It's widely known that 1982 to 2000 was a continuous up trending 'bull market' of 18 years.
    17h
    Jim Earls Jim Earls
    So the entire world financial markets are now based on central bank balance sheets? Fairly certain real economics are not supposed to work in this manner....