Admiral_Markets

Admiral_Markets

The economic docket is quite thin today, only the Michigan Consumer Sentiment stands out, with markets expecting a print of 97.2 - the lowest level since April this year. Still, we want to take a deeper look at the USD/JPY, since we think that the main focus will be on the latest developments in the trade dispute between the US and China. After 10-year...

Admiral_Markets

Today, our focus will be on the UK inflation rate and the GBP/USD. After the currency pair closed last week at its lowest levels since the 1980's, chances are good that the currency pair will sustainably drop below 1.2000. This is especially true if inflation comes in below expectations around 1.9%, potentially resulting in rising speculations and expectations of...

Admiral_Markets

The week kicks off with a very thin economic calendar, however, the latest developments and escalations in the trade dispute between the US and China can deliver enough potential fuel for volatility. Still, we want to focus on the technical side in the DAX30 CFD. After the German index failed to take on further momentum on the upside into the last weekly close, a...

Admiral_Markets

Today we want to have a look at the USD/CAD. After focussing 1.3000 into the end of the second quarter, the currency pair has seen a short rebound, stabilising above the psychologically relevant level. One of the main reasons for the Loonie not taking on further bullish momentum, seems to be that the recent trade war fears, which not only triggered higher...

Admiral_Markets

As we begin the trading week, we want to have a look at the DAX30 CFD. After the FED rate decision last Wednesday and the first hours of trading on Thursday, it looked as if the German index could easily stabilise above the psychological relevant level around 12,000 points. This changed dramatically after US president Trump announced a new round of tariffs late...

Admiral_Markets

After the FED rate decision on Wednesday, the USDJPY took a short try to recapture 109.00. After FED chairman Jay Powell characterised the 0.25% expected rate cut as a mid-cycle adjustment and signalled that markets shouldn't expect a series of rate cuts now, markets started to price out three further rate cuts by December. As a result, the USDJPY went back...

Admiral_Markets

With a very thin economic calendar today, Monday, and the Fed rate decision coming on Wednesday, we want to focus now on the technical picture in the DAX30 CFD. After the ECB "delivered", as expected, a very dovish statement last Thursday with keeping interest rates unchanged, but an adjusted forward guidance which allows rate cuts, but also rate tiering (to...

Admiral_Markets

After the ECB rate decision yesterday, and the Fed rate decision coming up next Wednesday, we want to focus today on the EUR/USD. The currency pair saw a drop over the last few days, and went for a test of its current yearly lows after the ECB statement was released. While the ECB kept interest rates unchanged, it adjusted its forward guidance in a way which...

Admiral_Markets

At a glance, the economic calendar looks quite packed on Wednesday and there looks to be some potential market movers for US yields which could result in some price action fireworks in the USD/JPY. However, we are a little sceptical if chances are really so high to see big moves in the currency pair, as we find ourselves currently in the FOMC blackout period...

Admiral_Markets

With a thin economic calendar, we want to start the beginning of the week with a purely technical piece on the DAX30 CFD. After the German index broke below 12,300 points Thursday or last week, driven by a short dip in US equities, the DAX30 CFD went for a test of the crucial region around 12,180/200 points. 'Crucial', because this region can be considered the...

Admiral_Markets

As we enter the weekly close, we want to focus on USD/JPY. Known for its yield sensitivity, it will be of interest to see whether today's economic data set concerning the Michigan Consumer Sentiment is capable of triggering some volatility, especially in 10-year US T-Note yields. The data is expected to come in at 98.5 points against a former reading of 98.2,...

Admiral_Markets

The USD/CAD is currently eyeing a technically interesting level: the region around 1.3000. A break lower could level the path down to 1.2780, which is definitely an option after last week. On Wednesday, comments made from US Fed chairman Powell at his testimonial before the House Financial Services Panel impacted the currency pair, while at the same time the BoC...

Admiral_Markets

In our last technical research piece last Monday, our headline read: "Bearish divergence in the DAX30 CFD – test of 12,450 ahead?" and not only did we get to see a close of the gap at 12,450 points, but the German index took on further momentum over the last days of trading and tested the region around 12,300 points. Now, in our opinion, things become...

Admiral_Markets

Today, we want to focus on the FOMC Minutes which will be published later today and their potential impact on the USD/JPY. In one of our last technical pieces on the USD/JPY our headline read: "USD/JPY positive on Mnuchin's trade deal comment – sell the bounce?" That was shortly before the G20 summit in Osaka, and initially, the USD/JPY was again sold against...

Admiral_Markets

Into the weekly close, we want to look at Gold again. With the Non-Farm Payrolls being published, we face a potential market mover - even though Gold presented itself already and once again quite volatile over the last days. The reason can most likely be found in a Tweet from US president Trump: in this tweet, he talks about his intention to nominate Judy Shelton...

Admiral_Markets

Today, one day before the US bank holiday 'Independence Day' (regarding changed trading hours please check this page), we want to take a brief look at the USD/CAD. After breaking out of the long-term trend channel on the downside, further losses could be expected and indeed did the currency pair go for a test of the yearly lows around 1.3070. As of now, a...

Admiral_Markets

In several of our recent technical pieces, we saw Gold push with serious bullish potential if the multi-year-resistance zone around 1,360/365 USD, initially triggered by the US Federal bank on June 19. And we weren't disappointed. Over the last few days, the precious metal took on serious momentum and hit a first potential target on the upside around 1,440 USD,...

Admiral_Markets

As we go into the weekly close, we want to have a look at a currently very interesting currency pair: USD/JPY. The excitement results mainly out of the upcoming G20 summit where market participants hope to get clear signs in regards to a potential between the US and China. On Wednesday, US Treasury Secretary Mnuchin said a US-China trade deal is 90%...