Admiral_Markets

Admiral_Markets

The Japanese Yen has continued to avoid any signs of strength over the last few days, so instead, the USD/JPY saw an upwards push above 110.00, letting the currency pair trade at its highest level since May 2019. While we still consider the midterm to be bearish for the USD/JPY (particularly due to the fact that the Fed is to continue to flooding markets with...

Admiral_Markets

With a light economic calendar - and no further geopolitical tensions, relevant to the markets, between the US and Iran over the weekend - and the upcoming sign off the Phase 1 trade deal between the US and China coming this Wednesday, volatility in the DAX30 CFD should stay subdued. In fact, this market environment seems very favourable for a bullish push...

Admiral_Markets

Despite the recent developments in the Middle East since the US Pentagon launched an airstrike that killed Iranian commander Soleimani, stoking fears that a war between the US and Iran could be in the near future, the overall picture in the USD/JPY didn't substantially change. With no sustainable risk-off hitting the market and volatility staying all in all quite...

Admiral_Markets

Driven by the recent developments in the Middle East last beginning last Friday and continuing through to today, as fears rise that a war between the US and Iran could be about to start, Gold profited from the resulting risk-off mode. As 10-year US-Treasury yields drop, Gold took on momentum, driven also by the bullish seasonal window from Mid-December through...

Admiral_Markets

The DAX30 CFD had a prosperous start for the new year, but gave surrendered all its gains and more last Friday. The main driver for this bearish action came from recent developments in the Middle East last Friday, when the Pentagon launched an airstrike that killed Iranian commander Soleimani, sparking fears that a war between the US and Iran could be about to...

Admiral_Markets

As we approach the weekly close, and the last trading day of the year which carries a realistic chance of seeing some elevated volatility before the holiday season kicks off (Trading Hour Schedule for the 2019 Christmas & New Year Holiday Period), we want to take a look at the DAX30 CFD again. Traders could see some heavier swings in the German index today since...

Admiral_Markets

After the announcement of a "deal" between the US and China, and markets being "hit" by a risk-on-tendency at the end of last week, Gold was a stable and solid performer – a deeper look shows why this is not such a big surprise. The main reason is the Fed: the Fed, as expected, didn't deliver a rate cut last week and presented a 'balanced' statement, and while...

Admiral_Markets

After last Thursday's developments in the US-Chinese trade deal, the UK's general election, and the Fed's liquidity announcement, the outlook for the DAX30 CFD is very bright as we start the trading week. The main driver for the bullish action, and the ensuing break above 13,180/200 points resulting in new yearly highs, was certainly the "deal" between the US and...

Admiral_Markets

After the Fed rate decision last Wednesday, we want to concentrate on the USD/JPY and the upcoming release of US Retail Sales data into the weekly close. The Fed, as expected, didn't announce a rate cut, and presented a 'balanced' statement, the Fed dot plot likewise signalled no interest rate changes in 2020, and the Fed Watch Tool remained at an expectation of...

Admiral_Markets

On Wednesday the main event and focus will be on the Fed Rate Decision. Last week, after US president Trump announced a plan to restore tariffs on steel and aluminium shipped from Brazil and Argentina, in addition to proposed tariffs "up to 100%" on certain French goods (about $2.4 billion worth) in retaliation for France's digital services tax, risk-off in...

Admiral_Markets

With the economic calendar being thin into the start of the week, today we will look at the DAX30 CFD from a technical perspective. After the drop below 13,000 points in the first half of last week, the German index recovered slightly into the weekly close. However, the bears have the advantage on their side as long as we trade below 13,180/200 points. Below...

Admiral_Markets

As we head towards the weekly close, our focus will be on the Non-Farm Payrolls, and by extension, the yield-sensitive currency pair, the USD/JPY. After the drop back below 109.00, brought on by Monday’s announcement that US president Trump is to restore tariffs on steel and aluminium shipped from Brazil and Argentina, in addition to his administration proposing...

Admiral_Markets

Today our main focus will be the US ISM Non-Manufacturing data set. The last reading came in at 54.7 points for last October, from a near three-year low of 52.6 in September and above market consensus of 53.5, added to the rise in 10-year US-Treasury yields at the beginning of the month of November and drop in Gold back below 1,500 USD. Interestingly enough, the...

Admiral_Markets

While the last week of trading primarily saw subdued volatility in the DAX30 CFD, this will likely change as we start this trading week. Technically, the German index continues to trade sideways between 13,100 and 13,300 points. Due to its proximity to the 13,300 region, it is generally more likely to get to see a break on the upside, with a first potential...

Admiral_Markets

While we shouldn't expect any moments of high volatility today during shortened US trading hours (also in bonds/yields), we will project what is to come in the USD/JPY over the next week of trading. With the ISM Manufacturing (Monday) and Non-Manufacturing (Wednesday), ADP (also on Wednesday) and Non-Farm-Payrolls (Friday), the main focus will stay on the...

Admiral_Markets

Over the last few days, the technical picture in Gold hasn't significantly changed: after the push below 1,500 USD, mainly driven by the sharp rise in 10-year US-Treasury yields at the start of November, the rest of the week with Thanksgiving and Black Friday should present themselves with overall low volatility. Still, today we could probably some stronger...

Admiral_Markets

With the thin Economic calendar being as we start the trading week, and the upcoming Thanksgiving holiday on Thursday (for modified Trading Hours please check our website), we don’t expect much volatility in Equity markets and thus in the German DAX30 CFD. Still, we want to have a look at the technical side after the recent interesting price action over the last...

Admiral_Markets

As we enter the weekly close, we want to focus on the USD/JPY once again. However, we don't expect to see any big moves from today's coming economic indications and the resulting elevated volatility. This will likely not change over the few next days, as Thanksgiving and Black Friday are next week, reducing the chances of risk on/off driven moves in yield and...