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Calendar event / 09 November 2018 at 10:00 GMTpreviousforecastactualMed CPI, M/M%+2%+0.8%Med CPI, Y/Y%+1.1%+1.8%
Squawk / 16 October 2018 at 5:39 GMTGBPUSD and FTSE 100 views with UK Employment report in focus
As global equity markets have stabilised from the end of last week after their recent aggressive selloffs, the focus returns to the data, with the spotlight today on the UK Employment report.
Key to watch for Tuesday will be the Average Earnings data, for signs of a labour market that is continuing to tighten and its potential impact on inflation.
Despite the focus on the data, this is still with the backdrop of the looming EU Brexit summit on Wednesday, with pre-negotiations not going positively.
Here we look at the technical sets ups in FX for the GBPUSD currency rate and in the equity space, the FTSE 100.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/gbpusd-and-ftse-100-views-with-uk-employment-report-in-focus/
Calendar event / 11 October 2018 at 9:00 GMT
GR Labour Force SurveypreviousforecastactualMed Unemployment Rate19.1%19%
Calendar event / 10 October 2018 at 9:00 GMT
GR CPIpreviousforecastactualMed CPI, M/M%-0.3%+2%Med CPI, Y/Y%+1%+1.1%
Squawk / 03 October 2018 at 6:51 GMTGBPUSD sits above key support into Theresa May’s Conference speech
Today, Wednesday 3rd October sees UK Prime Minister Theresa May deliver her keynote speech to the Conservative Party Conference.
This is of particulate note this year given the fragile position of Brexit negotiations and also Mrs May’s unsteady position as Tory Party leader and therefore Prime Minister.
Over the past 1-2 weeks, Sterling has been selling off, with GBPUSD losses from latter September now leaving the market vulnerable to a more bearish tone.
A GBPUSD move below 1.2894 would signal an intermediate-term bearish trend shift.
The UK benchmark equity index, the FTSE 100 has seen a firm rally since September, benefiting from the GBP weakness, and currently looks to extend those gains into early Q4.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/gbpusd-sits-above-key-support-into-theresa-mays-conference-speech/
Squawk / 24 September 2018 at 5:42 GMTFTSE 100 surges as the Pound plunges amid resuming Brexit concerns
The FTSE 100 leapt higher Friday helped by a weakening GB Pound in the midst of renewed concerns regarding a more likely No Deal Brexit and with the current Conservative Government under Prime Minister Theresa May looking more fragile.
GBPUSD was technically weakened by Friday’s selloff, leaving risks still lower for late September (and beyond).
In addition, the already recovering FTSE 100 was boosted by a strong recovery on Base Metals markets, as we featured in our last report here
These factors leave the bias higher for the FTSE 100 into the end of Q3 (and on into October).
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/ftse-100-surges-as-the-pound-plunges-amid-resuming-brexit-concerns/
Squawk / 19 September 2018 at 7:03 GMTGBPUSD and FTSE 100 poised for bullish signals into UK inflation data
Today, Wednesday 19th September brings a host of UK inflation data at 09.30 GMT+1, with the headline number being the Consumer Price Index (CPI), which will likely impact onto the GB Pound and the FTSER 100 index.
Although GBPUSD and the FTSE 100 are to an extent, inversely corelated on an intraday basis, both these markets are poised to make more positive statements.
For GBPUSD, a push above 1.3213 would signal an intermediate-term shift to bullish.
For the FTSE 100, the market is poised to signal a short-term Triple Bottom pattern, triggered above 7326, to then encourage a better recovery theme into the second half of September.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/gbpusd-and-ftse-100-poised-for-bullish-signals-into-uk-inflation-data/
Squawk / 11 September 2018 at 7:02 GMTBrexit deal hope pushes GBPUSD up and even sets FTSE higher
Michel Barnier indicated on Monday 10th September that a Brexit deal could be possible in six to eight weeks by the end of November.
This was taken positively by Forex markets with the GBPUSD currency rate jumping higher and through an important technical chart barrier at 1/3043.
Although the FTSE 100 share index, the UK benchmark initially slipped on this new (in reaction to the stronger GB Pound, a resilient tone by the FTSE since Friday sets immediate risks higher for the index.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/brexit-deal-hope-pushes-gbpusd-up-and-even-sets-ftse-higher/
Calendar event / 10 September 2018 at 9:00 GMT
GR CPIpreviousforecastactualMed CPI, M/M%-1.8%-0.3%Med CPI, Y/Y%+0.9%+1%
Calendar event / 06 September 2018 at 9:00 GMT
GR Labour Force SurveypreviousforecastactualMed Unemployment Rate19.5%19.1%