Admiral_Markets

Admiral_Markets

After the Bank of Canada’s last rate decision, where Stephen Poloz, one of the few central bankers around the globe resisting the push towards an easier monetary policy, told markets that he had begun to consider an insurance rate cut. Because of this, today’s Canadian inflation data becomes of higher interest. With this dovish outlook, and USD/CAD once again...

Admiral_Markets

The DAX30 CFD was range-bound again last week, and since we have a thin economic calendar this Monday, we have to see whether we get to see a serious attack of the DAX30 CFD to break out of its range. The relevant levels can still be found around 13,100 points on the downside, and 13,300 points on the upside and, and this is where our focus will be. While the...

Admiral_Markets

As we approach the weekly close, the US Retail Sales will catch the attention of traders, especially USD/JPY traders. While the outlook for the Japanese Yen hasn't in fact changed over the last week, since US inflation came in below 2% at 1.8% last Wednesday and market participants not seeing any further dovishness from the Fed into the yearly end, markets seem a...

Admiral_Markets

Today, the recent volatility in Gold could find a new trigger when the US inflation rate is published, and Fed chairman Jay Powell testimony on the economy before US Congress in the afternoon. After the Fed cut came as expected, rates by 25 basis points on October 30, but didn’t deliver any significant further impulses or signs in regards to future monetary...

Admiral_Markets

After bullish performance over the last week of trading, there seems to be a higher chance of a slow start into the new week. Due to the “Veterans Day” bank holiday in the US, the US Fixed Income Markets will not be open for regular trading hours, indicating that trading volume will be lower than on average. That’s noteworthy because of the fact that yields have...

Admiral_Markets

Into the weekly close, we want to have a look at USDJPY again. A potential trigger for volatility in the currency pair could be delivered by the Michigan Consumer Sentiment being publish today. The data set is expected to continue the positive development of the last two months after the big disappointment in July with data coming in at the lowest level since...

Admiral_Markets

After the FED cut rates by 25 basis points last Wednesday, but didn’t deliver any significant further impulses or signs in regards to future monetary policy steps, the ISM Non-Manufacturing data set yesterday pointed to a rise of 54.7 in October from a near 3-year low of 52.6 in September, beating market expectations of 53.5. Business activity, employment and new...

Admiral_Markets

After the FED cut by 25 basis points last Wednesday, along with stating that the US central bank will act in a more data-dependent way regarding future monetary policy decisions, the ISM Manufacturing PMI printed at 48.3 points for October, rising slightly from a decade-low of 47.8 points, but still missing market expectations of 48.9 points, keeping near-term...

Admiral_Markets

Today, our main focus is the yield-sensitive USDJPY and the Non-Farm Payrolls, including the ISM Manufacturing data set. After the FED cut rates by 25 basis points on Wednesday without delivering any significant further impulses or signs in regards to future monetary policy steps, today it will be interesting to see what the next economic data sets like the NFPs...

Admiral_Markets

Today, all eyes are on the FED rate decision. While a rate cut of 25 basis points is nearly completely priced in (currently the FED Watch Tool shows a likelihood of way over 90%), what's certainly of higher interest is the rhetoric in regards to the rate decision in December and the announced "Non-QE"-QE program. In regards to the latter, the current plan is to...

Admiral_Markets

As expected, the ECB's key interest rate decision last Thursday didn't provide any significant volatility in the DAX30 CFD. And, with the economic calendar being thin today, it's difficult to see significant impulses on either side. Currently, the German index has stabilised between 12,800 and 12,900 points, but this is on an Hourly time-frame above 12,600 points...

Admiral_Markets

While the economic calendar is quite thin this Friday, and we shouldn't expect the final release of the Michigan Consumer Sentiment to induce higher volatility, we still want to have a look at the USD/JPY – a currency pair which will be of some interest in coming trading week. The USD/JPY will be principally driven by the Fed rate decision on Wednesday, followed...

Admiral_Markets

The overall picture in Gold hasn't significantly changed over the last days – and will most likely not be changing in the coming days before the Fed rate decision and Non-Farm Payrolls next week. The most likely reason for the calm price action is that Gold traders are probably not buying into the latest US-Chinese truce, probably due to China saying that it...

Admiral_Markets

Today, our focus will again be on Gold. After the recent developments in the trade dispute between the US and China last Friday and at least partial trade deal between the two biggest economies in the world, the precious metal just closed slightly below 1,500 USD. The primary potential reason is probably that Gold traders already smelled something fishy in the...

Admiral_Markets

Friday's developments in the US-Chinese trade talks resulted in the presentation of a partial trade deal between the US and China. This caused some heavy price action fireworks by happy DAX30 CFD bulls into the weekly close. The German index recaptured 12,150 points and found, in addition to the lessening of US-Chinese tensions, another bullish driver with a...

Admiral_Markets

With the US Trade Talks to finish today, we want to take a look at the USD/JPY. After tensions in the trade dispute between the US and China heated up again in the first half of this week, after news broke that the White House continues to consider capital control like limiting Chinese stocks in the US Government Fund or similar, the USD/JPY attacked the region...

Admiral_Markets

We want to have a look at Gold today, in the context of the release of the FOMC Minutes for the Fed's September meeting. After Gold broke below 1,480 USD on Monday last week, and it closed above 1,500 USD after a series of bad US economic data releases last week. Namely, the ISM Manufacturing and ISM Non-Manufacturing index disappointed market participants and...

Admiral_Markets

As we begin the trading week with a thin economic calendar, we want to mainly focus on the technical side in the DAX30 CFD. After the latest US economic indications with the ISM Manufacturing and ISM Non-Manufacturing data disappointing the market participants, and last Friday's Non-Farm Payroll coming in mixed, bearish fuel drove price action in equities and in...