Admiral_Markets

Admiral_Markets Updated 

On Friday, Forex traders will be focused on the new dataset covering the US economy for Q1/2019. In Q4 of last year, the US economy advanced at an annualized 2.2% on quarter, well below a 2.6% growth in the second estimate and compared to 3.4% in Q3/2018. So, the question will be whether this trend of pessimistic readings continues, and how the USD will react....

Admiral_Markets Updated 

The technical picture for the USDCAD remains very interesting, particularly with today's rate decision coming from the Canadian central bank. Last week's Canadian inflation data was published, coming in at 1.9% (YoY) for March 2019, up from 1.5% from the previous month; meeting market expectations while printing at the highest level since December, so it will...

Admiral_Markets Updated 

Last week, financial markets experienced a pre-holiday calm and as a result, volatility was quite low. However, economic data had different plans – the U.S. and China have exceeded market participant expectations, while Europe continued to disappoint and shows no signs of recovery. Once again, when a difference occurs between positive economic developments in the...

Admiral_Markets Updated 

Despite the expectation that volatility in Forex markets should stay low due to most European markets still being closed for Easter, the FX:USDJPY nevertheless seems worth a deeper look. The currency pair stabilised around 112.00 last week, only slightly below its current yearly high around 112.20. This comes as a surprise after Gold finally broke its...