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Calendar event / Tuesday at 9:30 GMTpreviousforecastactualHigh Jobless Claimants % of Workforce2.8%2.8%High Jobless Claimants-Adj+20800+14200Med Avg Earnings Ex-Bonuses, 3-Mo+3.3%+3.3%+3.4%Med Unemployment Rate, 3-Mo4%4%4%Med Unemployment, Net Chg, 3-Mo+8000-14000
Squawk / Friday at 8:07 GMTFTSE 100 stays firm, aided by a weakened Pound
In our report here yesterday (Wednesday 14th February), we highlighted downside risks for the Pound into another Brexit vote, with a technical trigger for GBPUSD below the key 1.2831/29 support
The GBPUSD plunge through here alongside broader Pound weakness is often a positive for the UK benchmark index, the FTSE 100, as it is heavy with exporters, who benefit from a weakening of Sterling.
Here we look at the FTSE 100, which retains both short- and intermediate-term bullish trends, even with European and US equity averages dipping lower over the past 24 hours.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/ftse-100-stays-firm-aided-by-a-weakened-pound/
Calendar event / 13 February 2019 at 9:30 GMT
GB UK monthly inflation figurespreviousforecastactualHigh CPI, Y/Y%+2.1%+1.9%+1.8%High Core CPI, Y/Y%+1.9%+1.9%+1.9%High Retail Price Idx, Y/Y%+2.7%+2.6%+2.5%Med CPI, M/M%+0.2%-0.7%-0.8%Med Core CPI, M/M%+0.3%-0.8%-0.8%Med Retail Price Idx, M/M%+0.4%-0.9%-0.9%
Calendar event / 13 February 2019 at 9:30 GMT
GB UK producer pricespreviousforecastactualHigh Output PPI, Y/Y%+2.5%+2.5%+2.1%Med Core Output PPI, M/M%+0.2%+0.4%Med Core Output PPI, Y/Y%+2.5%+2.4%Med Input PPI, M/M%-1%-0.2%-0.1%Med Input PPI, Y/Y%+3.7%+3.8%+2.9%Med Output PPI, M/M%-0.3%0%0%
Calendar event / 11 February 2019 at 9:30 GMT
GB UK tradepreviousforecastactualMed Global Goods-SA (GBP)-12B-12B-12.1BMed Non-EU Goods-SA (GBP)-3.9B-3.6B
Squawk / 11 February 2019 at 6:59 GMTStock indices remain vulnerable to corrective losses
Global share markets suffered significant corrective losses from the middle of the last week, although these setbacks are currently viewed as corrective within the context of strong 2019 recovery rallies.
Nevertheless, the depth of the price erosion for major US, European and Asian equity averages highlights risks for further losses at least in the short-term into mid-February.
This activity has reflected mounting concerns from latter January into early February of a global economic slowdown, more recently reinforced by a more dovish tone for the Reserve Bank of Australia, a disappointing New Zealand Employment report and significant downgrades in European growth forecast from the European Commission.
Here we focus on downside correction risks for the UK benchmark average, the FTSE 100.
See the full article: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/stock-indices-remain-vulnerable-to-corrective-losses/
Calendar event / 07 February 2019 at 12:00 GMT
GB UK interest rate decisionpreviousforecastactualHigh Bank Rate0.750.750.75
Squawk / 06 February 2019 at 9:54 GMTPound weakens amid No Deal Brexit concerns and weak PMI data
Growing concerns that the Brexit negotiations could result in a No Deal outcome have weighed on Sterling over the past 1-2 weeks.
Furthermore, a less than positive service sector Purchasing Managers Index report for the UK on Tuesday encouraged further negative price action for the UK currency.
The GBPUSD break below some notable supports (2019 trend line and 1.3010 support level) assisted in seeing the Pound accelerate lower on Tuesday.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/pound-weakens-amid-no-deal-brexit-concerns-and-weak-pmi-data/
Calendar event / 05 February 2019 at 9:30 GMT
GB CIPS / Markit Services PMIpreviousforecastactualMed PMI, Services51.251.550.1
Squawk / 05 February 2019 at 6:59 GMTEquities stay buoyant into February
Major European, US and Asian equity averages have extended their strong starts to 2019 in January into February with many averages hitting new recovery rally highs on both Friday and Monday.
This bullish tone has at least partially been encouraged by the continuing move towards a more dovish stance by the Federal Reserve, reinforced last Wednesday 30th January with the FOMC Meeting Statement.
The risks into early February remain to the upside and here we focus on the short- and intermediate-term bullish prospects for the UK blue chip benchmark index, the FTSE 100 and the pan-European yardstick, the Euro STOXX 50.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equities-stay-buoyant-into-february/