Main trading events to keep an eye out in the upcoming week.
PBOC tightens access to liquidity and removes the excess after record cash injection on the eve of the Chinese New Year.
Dollar is muted ahead of the NFP and the bulls brace for their last chance to push higher.
The new era of the US has brought the country two oppositions the FED and the newly elect President Trump. Which of the major influencers will bring back the glory days of the Dollar?
Silver is in a quite interesting situation. Broken horizontal level of 18.378 has crossed the 3rd point of the descending channel. On top of that it is a great time to trade NZD and EUR.
Dollar tumbled before the FED on Trump rhetoric, Oil plunges on API report.
Bank of Japan leaves key rates unchanged, Trump fires acting AG on disobedience.
Dollar is in a selloff ahead the FED, Yen surges as BoJ announce its policy stance.
Today we have an overview of three major currencies USD/JPY, EUR/GBP and EUR/USD.
Important events that will change the market in the next week.
Trump wants to levy imports from Mexico to finance the “border wall” projects, making the Peso plunge to the lowest levels.
Investors are desperately trying to predict his next move to price in the markets. Breaking up the trade ties and threatening with high import taxes Trump hopes to gain submission of several trade partners like Canada and Mexico
Dollar renews bottoms on the rising political risks. The Pound surges thanks to the US seeing Brits, as a new main trading partner.
We should buy the Australian index AUS200 in the next few days, as well as Kiwi being ripe for sales.
The US currency floats near the buffer area before Trumps updates. In the meantime, Oil turns downside on the gloomy API report.