.png?width=210&height=54&name=VT-Logo-Subhead%20(1).png){kind=logo}
Welcome to this week’s Market Blast Fundamentals where we will look at USDCAD, EURUSD, the DAX, Gold (XAUUSD), GBPUSD and EURGBP.
Read MoreUnited Kingdom Manufacturing Production m/m
on September 9, 2019
| By Stuart McPhee
|
GBPUSD
Today at 9:30am UK time. Manufacturing Production m/m shows the change in the value of goods produced in the manufacturing sector of the UK industry in the given month compared to the previous month. F:0.8%, P:-0.2%. #GBPUSD may test 1.24.
Read More
On Tuesday last week we covered UK Oil which spent the rest of the week rallying higher to a one month high. Throughout most of August UK Oil traded within a narrow range mainly between $58 and $60 with the former level providing some support, which has assisted the recent rally. UK Oil has enjoyed several excursions above the $60 level in the last four weeks, however every time it has been sold off quickly returning back into the range, so this recent excursion is significant.
Read More
United States Nonfarm Payrolls
on September 6, 2019
| By Stuart McPhee
|
US Dollar
Today at 1:30pm UK Time. Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S. The indicator growth can have a positive effect on dollar quotes. F:177K, P:164K.
Read MoreEuropean Union Gross Domestic Product (GDP) q/q
on September 6, 2019
| By Stuart McPhee
|
EURUSD
Today at 10am UK Time. GDP q/q reflects the changes in the total value of all goods and services produced in the euro area in the current qtr compared to previous, and is used to rate of the economic growth and living standards. F: 1.1%, P: 2.8%. #EURUSD may stay below 1.10.
Read MoreUSDJPY - Rallies to One Month High above 107 as BOJ is Under Fire
on September 6, 2019
| By Stuart McPhee
|
USDJPY
In the last day or so the USDJPY has rallied and pushed up to its highest level in one month above the 107 level, after spending the last month or so trading in a narrow range right around the 106 level. Prior to this consolidation period the USDJPY fell away sharply from the key 109 level down to its lowest level this year near 105, which has since been lowered two weeks ago to below 104.50. Throughout July the USDJPY had been meeting resistance at the 109 level as it has generally traded in a narrow range between 108 and 109 for some time.
Read More
In the last 24 hours the GBPUSD has enjoyed a strong surge higher to a one week high after threatening to break lower through the current key support level at 1.20. The sterling did meet some resistance around 1.23 two weeks ago and this may put a lid on any enthusiasm for it to rally much higher. For the last month the GBPUSD has been able to consolidate and receive solid support off the 1.20 level, allowing it to stop the rot and take a breather from its drastic falls in the last three months.
Read More
Bank of Canada (BoC) Interest Rate Decision
on September 4, 2019
| By Stuart McPhee
|
USDCAD
Today at 3pm UK time. BoC announces its decisions on interest rate eight times a year, and is one of the key events influencing the CAD quotes. The decision is made depending on the current economic conditions and financial outlook. F:1.75%, P:1.75%. #USDCAD may test 1.3350.
Read More
For the last month the US30 Index has traded back and forth around the key 26000 level as its volatility has doubled in the last month. During this time it has found support at 25200 and this level was established after it suffered its largest falls this year dropping sharply from near its all time highs down to its lowest levels in two months near 25000 a month ago.
Read More
Australia Gross Domestic Product (GDP) q/q
on September 4, 2019
| By Stuart McPhee
|
AUDUSD
Today at 2:30am UK time. Australia GDP q/q provides a monetary gauge of all goods and services produced in Australia (less the value of goods and services used in production) in the reported quarter compared to the previous one. F: 1.1%, P: 0.4%. #AUDUSD may test 0.6750.
Read More
