EURUSD

Daily Market Comment – Fed to stand pat; risk appetite roller-coaster rolls on

Posted on January 29, 2020 at 1:29 pm GMT

Fed to stay on hold today, but adopt a slightly more cautious tone? Yen retreats, stocks rebound as risk sentiment recovers However, bond and stock markets are not on the same page today Barrage of corporate earnings coming up: Microsoft, Facebook, Tesla, Boeing No action from Fed, but perhaps a more dovish take Investors may finally divert their attention away from the deadly coronavirus today, when the Federal Reserve concludes its policy meeting at 19:00 GMT. There’s virtually no chance [..]

Fed to stay on hold, but adopt a more cautious tone? – Forex News Preview

Posted on January 28, 2020 at 4:57 pm GMT

The Federal Reserve is almost certain to keep interest rates unchanged when it wraps up its policy meeting on Wednesday at 19:00 GMT. If there is any change in tone from Chairman Powell and his colleagues, it might be towards a more cautious narrative, which could weigh on the dollar a little. That said, the currency’s overall outlook still seems positive, for a lack of alternatives. US GDP growth data for Q4 are also due out on Thursday, at 13:30 [..]

Daily Market Comment – Risk sentiment stabilizes as virus worries calm, but caution lingers

Posted on January 28, 2020 at 9:51 am GMT

Wall Street futures signal a rebound, even without any ‘good news’ However, pockets of stress still evident in the market Japanese stocks decline further, aussie and kiwi can’t get off the floor Today: US durable goods, earnings bonanza begins with Apple Risk aversion takes a breather as virus nerves calm, for now The virus-related uncertainty that plagued global markets in recent days started to abate on Tuesday, with the safe-haven Japanese yen unable to extend its recent gains and futures [..]

Daily Market Comment – Safe havens climb, stocks slide as virus fears deepen

Posted on January 27, 2020 at 10:33 am GMT

Worries that new virus is turning into an epidemic push yen and gold higher Stocks fall alongside oil prices as investors reassess potential economic hit Question now is how long this havoc will last, and whether it gets worse from here Risk sentiment takes a hit as virus death toll soars Risk aversion is the name of the game in global markets on Monday, as investors grapple with concerns about how rapidly the deadly coronavirus is spreading and its potential [..]

Technical Analysis – EURUSD reaches 8-week low; more losses are expected

Posted on January 27, 2020 at 7:40 am GMT

EURUSD has been underperforming in the past two days, breaking the almost four-month olds ascending trend line to the downside. The price reached an eight-week low around 1.1019, distancing itself from the Ichimoku cloud and the short-term moving averages in the daily timeframe. Momentum indicators are pointing to a negative bias in the short term as the RSI is hovering above its 30 oversold mark but below 50 and the stochastic oscillator is flattening in the bearish territory, both confirming the recent downward [..]

Week Ahead – Fed to stand pat but BoE could cut; US and Eurozone Q4 GDP eyed

Posted on January 24, 2020 at 12:45 pm GMT

There will be no shortfall of market-moving events in the coming week, with plenty of top-tier data and crucial central bank meetings shaping the agenda. The Federal Reserve will hold its first policy meeting of 2020 but Q4 GDP and PCE inflation numbers out of the United States are likely to be more helpful for investors in gauging the next move in interest rates. In comparison, the Bank of England’s meeting is expected to be the most exciting in quite [..]

Daily Market Comment – Euro slips after ECB; stocks stage another comeback

Posted on January 24, 2020 at 12:28 pm GMT

Euro/dollar breaks lower as ECB is a touch more dovish than expected European PMIs today were mixed, leaving the euro in search of direction Stocks recover losses, but yen doesn’t move accordingly – excess liquidity to blame? UK PMIs beat forecasts, arguing for the BoE to stay on hold next week Euro drops as Lagarde doesn’t hit back at negative rates As expected, the European Central Bank (ECB) made no changes to its stimulus program yesterday, nor did President Lagarde [..]

Daily Market Comment – ECB meets after BoC sinks loonie; risk appetite wobbles

Posted on January 23, 2020 at 9:54 am GMT

ECB to stay on hold – risks tilted towards a slightly more upbeat narrative BoC teases rate cut, sends loonie plunging Yen jumps as China seals off major city to avoid virus contagion Pound and aussie soar after strong data diminish odds of rate cuts ECB decision: No action, but perhaps a less dovish tone All eyes will be on the European Central Bank (ECB) today, which concludes its policy meeting at 12:45 GMT. No action is expected, so the [..]

No fireworks at ECB meeting, but PMIs could drive euro – Forex News Preview

Posted on January 22, 2020 at 2:02 pm GMT

The European Central Bank (ECB) will conclude its policy meeting at 12:45 GMT on Thursday, and a press conference will follow at 13:30 GMT. If there is any change in tone from the ECB, it might be towards a slightly more upbeat narrative, though any major market reaction seems unlikely. Rather, the euro’s near-term direction might depend on the quality of the bloc’s latest PMI data, which are due at 09:00 GMT on Friday. ECB sidelined, but perhaps a slightly [..]

Daily Market Comment – Don’t fear the virus; BoC rate decision in sight

Posted on January 22, 2020 at 9:19 am GMT

BoC to stay on hold, but any hints of concern might elicit sharp downside in loonie Risk sentiment recovers as concerns about the virus fade Decent UK data lift sterling, but PMIs will be the casting vote on rate cut BoC meeting: Another asymmetric event for the loonie The main event today will be the Bank of Canada (BoC) rate decision at 15:00 GMT. A press conference by Governor Poloz will follow about an hour later. Rates are almost certain [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms