Market Spotlight: Downside GBP Risks into BOE Today
BOE Up NextThe Bank of England meeting today will be pivotal for GBP. Concerns over the UK economy have become a prominent issue in recent months with widening industrial action, ongoing Brexit-related difficulties, covid disruptions and political instability all exerting downward pressure on GBP. The BOE’s tightening operations have added to the pressure for UK […]
Downside risks dominate in Sterling – Commerzbank
Everything is pointing towards tough times in the UK. Therefore, economists at Commerzbank expect Sterling to remain under pressure. Not much upside for Sterling “Little has changed about Sterling’s fundamental environment. The economic situation remains dire, inflation risks high and the BoE intent on navigating these troubled waters.” “We consider the likelihood of the BoE […]
Market Spotlight: Downside Risks for Exxon Into Today's Earnings?
Exxon in Focus All eyes are firmly on US earnings today with the world’s largest public energy firm, ExxonMobil, due to report Q4 results. On the back of a bumper +80% year for the stock, investors are looking for fresh reasons to hold Exxon through 2023. With that in mind, the focus for today’s earnings […]
German ZEW January data underpins Euro sentiment as energy crisis risks abate
Incoming data on the German economy continues to install confidence to Euro longs. After PMI and ZEW, the positive series was updated by the Ifo report, which indicated an improvement in the prospects for the German economy. In January, the index was 90.2 against 88.6 in December and returned to the levels of mid-2022:While the […]
Japanese Yen Steadies on PMI Data and Markets Assess Risks. Where to for USD/JPY?
Japanese Yen, USD/JPY, US Dollar, PMI, Nikkei 225, ECB, EUR/USD – Talking Points The Japanese Yen inched higher after a tick-up in PMI numbers A buoyant mood from US tech stocks spilled into other equity markets As the Lunar New Year festivities continue, will thin trade impact USD/JPY? Recommended by Daniel McCarthy Get Your Free […]
Fed Risks Curb Dollar Sell-Off Despite Fundamental Weakness
The imbalance in the policy rhetoric of the Fed and the ECB continues to widen, only this time the ECB is more hawkish, which cannot but prop up EURUSD. After a week of doubts, the pair tried to renew the rally pushing through the 1.09 level. However, later during the London session, the dollar began […]
Forex Day Trading Guide for Beginners: Strategies, Risks, Rules and Tips
2023.01.20 2023.01.20 Day trading guide for beginners Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Day trading strategies are also referred to as intraday forex trading. It means opening and closing position within one day. Timeframes from M30 to H4 are used in these strategies to analyze the Forex market, although the most common timeframe is H1. Other intervals can be […]
If “the energy crisis is over .. & European recession risks melt away” EUR can head to 1.2
Société Généralehas reiterated that its end of year forecast for EUR/USD in 2023 is 1.12. But, say analysts at Soc Gen, they are aware that the currency is increasing considerably more quickly than we had anticipated. And that therefore they’d need to increase the projection to approximately 1.20 if the energy crisis is over. This […]
Risks still tilted to the upside on the back of positive external developments – ING
Australia’s dismal jobs data weighed on the Reserve Bank of Australia’s (RBA) rate hike expectations, smashing AUD/USD. However, economists at ING maintain a bullish bias. Too early to make strong calls about the end of the RBA hiking cycle “The Australian Dollar has come under pressure after a surprise contraction in employment in December, which […]
Market Spotlight: BOJ Speculation Risks EURJPY Downside Break
EURJPY Sitting on Key Level Price action in EURJPY is looking interesting here. The pair is currently sitting near the middle of the 133.27 – 147.75 range which has framed price action since Q2 last year. Over the last few months, EURJPY has been correcting lower, despite broad strength in EUR. Of late, JPY has turned […]