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Calendar event / Friday at 13:15 GMTpreviousforecastactualHigh Industrial Production, M/M%-0.6%+0.3%+0.1%High Capacity Utilization %78.2%78.4%78.2%Med Capacity Utilization, Net Chg (Pts)-0.6-0.1
Squawk / 19 February 2019 at 6:19 GMTEuro stays vulnerable
The Euro remains vulnerable, particularly versus the US Dollar, with recent rebound effort fading.
Ongoing concerns regarding a global economic slowdown are intensifying, with signals from the European Central Bank that a still more dovish approach to monetary policy could be seen in 2019.
Although the Federal Reserve in the US have also shifted to more dovish, given global economic worries, the US Dollar remains a safe haven of choice.
This leaves the EURUSD Forex rate vulnerable.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/euro-stays-vulnerable/
Squawk / 31 January 2019 at 6:57 GMTAUDUSD and NZDUSD stay bullish
Both the AUDUSD and NZDUSD have indicated a more positive tone in short-term consolidation phases since mid-January, but US Dollar weakness after the dovish Fed tone on Wednesday has seen a more positive tone appear for both these currency pairs.
Furthermore, these gains have been reinforced by a more positive, “risk on” tone across global equity markets this week, with both the Australian and New Zealand Dollars benefiting from a perfection of a more encouraging global economic outlook.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/audusd-and-nzdusd-stay-bullish/
Calendar event / 30 January 2019 at 19:00 GMT
US U.S. interest rate decisionpreviousforecastactualHigh FOMC Vote Against Action00High FOMC Vote For Action1010High Fed Funds Rate-Range High2.52.5High Fed Funds Rate-Range Low2.252.25Med Discount Rate33Med Discount Rate Change (Pts)+0.250
Calendar event / 18 January 2019 at 14:15 GMT
US Industrial Production & Capacity UtilizationpreviousforecastactualHigh Industrial Production, M/M%+0.6%+0.2%+0.3%High Capacity Utilization %78.5%78.5%78.7%Med Capacity Utilization, Net Chg (Pts)+0.4+0.1
Squawk / 15 January 2019 at 6:30 GMTEquities poised for further up legs t the 2019 advances
Global equity indices have posted solid, sideways consolidation activity over the past week, defending support levels from the recent early 2019 recovery rallies.
The strong advances so far this year have been driven by both a more dovish tone from the Federal Reserve in the US and a perception of positive progress on trade talks between the US and China.
The consolidations that have been seen into mid-January should provide platforms from which to launch higher, to challenge more significant resistance levels and turn the intermediate-term outlooks for equity indices from bearish to neutral and even to bullish.
Below we focus on the US broad benchmark average, the S&P 500 E-mini and the German benchmark, the DAX.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equities-poised-for-further-up-legs-t-the-2019-advances/
Squawk / 14 January 2019 at 8:24 GMTUSDCAD poised for an intermediate-term bear shift; USDJPY neutral
A broadly more negative tone for the US Dollar has been seen in early 2019, given a more dovish tone from FOMC Members, including the Fed Chairman, Jerome Powell.
Furthermore, a global shift to “risk on” has also been seen in early January, with easing trade war concerns.
The above macroeconomic fundamental shifts, alongside a firm rebound in the Oil price (after aggressive weakness in Q4 2018) has seen USDCAD plunge lower, to neutralise an intermediate-term bull trend and threaten an intermediate-term shift to bearish (see below).
USDJPY did seem an aggressive selloff to start the year with a “risk off flash crash”, but the strong subsequent rebound has seen an intermediate-term shift back to a neutral, broader range environment.
See the full article and video analysis here: https://www.forexfraud.com/technical-analysis/usdcad-poised-for-an-intermediate-term-bear-shift-usdjpy-neutral
Squawk / 11 January 2019 at 6:48 GMTEquity averages forming better bases
In previous articles already this week lwe have highlighted basing effort by global equity averages (the S&P 500 and DAX).
These technical bottoming attempts have been reinforced through this week from the fundamental side by apparent progress in the US-Sino trade talks and further dovish comments from Fed speakers, with the FOMC Minutes on Wednesday reinforcing these dovish outlooks.
Here we revisit the S&P 500 future, which has recently neutralised an intermediate-term bear theme, with the asymmetrical risks towards an intermediate-term bullish shift.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equity-averages-forming-better-bases/
Squawk / 10 January 2019 at 7:04 GMTEURUSD intermediate-term bullish shift with GBPUSD poised for similar
A weakening of the US Dollar has been a theme across Forex markets in early 2019.
This has mainly been driven by a more dovish tone from Federal Reserve members since latter 2018, and in particular from the FOMC Chair, Jerome Powell into early January, reinforced Wednesday by the most recent FOMC Minutes.
The weakened US Dollar has seen the EURUSD currency pair recently surge through 1.1545 resistance, switching the intermediate-term outlook from neutral to bullish.
The GBPUSD rebound for early 2019 has positioned this FX rate to make a more positive technical statement in at least the short-term, as we go into a key Brexit phase in the UK Parliament.
See the full article with video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/eurusd-intermediate-term-bullish-shift-with-gbpusd-poised-for-similar/
Calendar event / 09 January 2019 at 19:00 GMT