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Valutrades Market Blast Fundamentals 9 September 2019

   

Welcome to this week’s Market Blast Fundamentals where we will look at USDCAD, EURUSD, the DAX, Gold (XAUUSD), GBPUSD and EURGBP.

9 September 2019 Fundamentals

Pound Sterling has started the week lower with a key cabinet resignation and more Brexit chaos.

Screenshot 2019-09-09 at 10.07.34

Watch for GBPUSD and all the GBP crosses, to experience volatility with news on the suspension of parliament, a possible general election, and a likely extension of the Brexit deadline.

Also, watch today for UK GDP and Manufacturing Production figures.

News of US China trade talks resuming in October have the Global Stock Indices increasing, including the DAX with good German production figures.

Screenshot 2019-09-09 at 10.08.13


The same news is lowering the price of Gold but watch your key levels.


EURUSD and the Euro crosses may see some volatility Thursday with an Interest Rate decision, Monetary Policy Statement and the Press Conference.


We see USD strength against the safe havens and the Euro, but weakness against the NZD, AUD and CAD but watch Thursday and Friday for news on CPI and Retail sales.


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.

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