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  • Squawk / Yesterday at 5:56 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD – Euro positive short-term

    The Euro has managed a decent rebound effort from early April, having been setting up last week to try to make a more bearish signal into the European Central Bank (ECB) and Federal Reserve Meeting last week (see our report here).
    The EUR USD currency pair recovery through resistance levels has partly reflected a renewal of risk appetite, with European equity averages responding particularly well to some improvement in European data through the first part of April (after economic data weakness seen in March).
    Although the EURUSD Forex rate remains caught within a broader range environment, in the short-term the risks are to the upside.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-euro-positive-short-term/
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  • Calendar event / Wednesday at 14:30 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    +1.1M
    -1.396M
    High Gasoline Stocks, Net Chg (Bbl)
    -1.6M
    -1.174M
    High Distillate Stocks, Net Chg (Bbl)
    -0.8M
    -0.362M
    Med Crude Oil Stocks (Bbl)
    455.154M
    Med Gasoline Stocks (Bbl)
    227.955M
    Med Distillate Stocks (Bbl)
    127.691M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    -0.423M
    Med Total Prod Supplied (Bbl/day)
    19.893M
    Med Refinery Usage
    88.5%
    87.7%
  • Squawk / Wednesday at 7:00 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    European equity markets head North

    A solid advance by the major European (and in fact global) equity markets over the past 24 hours, building on the renewal of risk appetite over the past week as global equity markets have entered earnings season.
    Moreover, this more recent positive tone has built on the intermediate-term bullish trends from late 2018 through Q1 2019, assisted by solid consolidation phases seen in March and more recently in early April.
    This activity leaves risks for still further gains as markets continue to overcome resistance levels from last year (with US averages eyeing all-time highs).
    A more recent negative tone for GBPUSD has assisted in pushing the UK benchmark equity average, the FTSE 100, higher.
    Whilst an improvement in German economic data over the past week has allowed for a robust advance by the German flagship index, the DAX.

    Full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/european-equity-markets-head-north/
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  • Calendar event / Tuesday at 20:30 GMT

    US API Weekly Statistical Bulletin

    forecast
    actual
    Med Crude Stocks, Net Chg (Bbls)
    -3.1M
    Med Gasoline Stocks, Net Chg (Bbls)
    -3.6M
    Med Distillate Stocks, Net Chg (Bbls)
    +2.3M
  • Squawk / Tuesday at 7:07 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Pound paralysed post-Brexit extension

    The UK government and EU agreed a flexible extension (flextension) to the Brexit negotiation process last week, which avoided a “no deal” Brexit, which would normally be expected to be positive for the Pound.
    However, Sterling has been paralysed with muted directional progress versus the UD Dollar or Euro since the extension was agreed.
    This has likely reflected the threats of a change of leader with the governing Conservative party, a potential new General Election (and possibly a Labour Part y Government) or another referendum.
    GBPUSD has been caught within a narrow band for the past week (1.3028 to 1.3133), with a slight bias to the downside.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/pound-paralysed-post-brexit-extension/
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  • Squawk / Monday at 7:30 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDJPY Breaking To Higher Ground by Stephen Pope

    Dollar bulls are in full cry, there are positive background noises
    The strength of the Dollar will continue, even if the Fed are on hold
    There is no economic outperformance from Japan
    Target USDJPY rising to 114.55

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/usdjpy-breaking-to-higher-ground/
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  • Squawk / Monday at 7:27 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Equities march higher into earning season

    Continuing positive US economic data into April, was assisted on Friday as the US earnings season kicked off in earnest, with the financial sector starting off with strong Q1 reports from J P Morgan and Wells Fargo.
    This has reinforced an already “risk on” environment and encouraged the major US equity averages to the upside, with both the S&P 500 and Nasdaq 100 hitting new 2019 highs.
    Furthermore, the major European equity indices also advanced, with the pan-European benchmark, the EURO STOXX 50 also hitting a new high for the year.
    The short- and intermediate-term outlooks for global equity averages sets up bullish into the earnings season.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equities-march-higher-into-earning-season/
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  • Squawk / 12 April 2019 at 6:01 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDJPY bull threat to key 112.14 resistance

    Last Friday (5th April) ahead of the US Employment report, we highlighted an upside risk for the USDJPY currency pair above a key level at 112.14 in our report.
    The subsequent setback avoided a more bullish shift, but recovery activity for the USDJPY Forex rate over the past 24 hours has highlighted this bull threat resuming.
    The USDJPY push higher has been driven by continuing positive US economic data, whilst US and global equity markets have remained resilient.
    This has left a “risk on” environment, in which the Japanese Yen is weakening, given its historic role as a safe haven currency.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/usdjpy-bull-threat-to-key-112-14-resistance/
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