CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Click here to read full risk warning

Back to Blog

Valutrades Market Blast Fundamentals 2 December 2019

   

Welcome to this week’s Market Blast Fundamentals where we will look at EURGBP, USDCAD, AUDUSD, USDJPY and USDCHF.

2 December 2019 Fundamentals

The US Majors are all showing USD strength especially the safe havens like USDJPY and USDCHF as the market does not see any more US Interest rate cuts in the near future.

Screenshot 2019-12-02 at 09.20.57

But watch for US economic news this week with PMIs today and Wednesday, ADP Employment data also on Wednesday and the Non-Farm Payrolls on Friday.

Also, watch for volatility this week from Australia with an Interest Rate decision tomorrow, GDP on Wednesday, and Retail Sales figures Thursday.

Screenshot 2019-12-02 at 09.21.29

We see AUD weakness in general and this is not likely to change unless we get better news on the US/China trade talks which will also affect the Canadian Dollar where we also see general weakness.

We have a Canadian Interest Rate decision Wednesday, a PMI Thursday and Employment data Friday.

And, of course, the Pound will be affected by political polls up until the election next week and it is clearly getting stronger against the EUR where we have Employment numbers, Retail Sales figures and GDP Thursday.

That’s all for now. Happy trading with Valutrades and we will see you tomorrow.

CFDs and FX are leveraged products and your capital may be at risk.

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

Comments