Falco1's Blog

Avatar

All eyes on the Fed!


The GBP was the strongest currency of the day, as the Brexit uncertainty factor slowly fades away.. Although, all eyes seem to be on the FOMC Statement, later today. Honestly, I do not think that this will be an event, since it won’t even be complemented with a press conference. Friday’s NFP should be more volatile.

Economic Calendar - Feb 2:

Tomorrow might be a big day for the Pound!
@ 12PM we have the Official Bank Rate decision, which is expected to remain the same (0.25%).
@ 12:30PM Bo…
Read full story
Translate to English Show original
orto leave comments
Avatar

FX Fundamentals: #USD #EUR #GBP #JPY #CHF #CAD #AUD #NZD

USD: The Buck is, fundamentally, the strongest currency. However, the global outlook seems to be forcing the Fed to scale back on their original plan of hiking rates 4 times this year.EUR: The Euro should be a weak currency at the moment, with the ECB trying everything in its power to lower its exchange rate. Global turmoil, however, might keep the single currency rallying on safe-haven flows.GBP: The Pound is not as bad as it seems, at least by comparison, with the BoE members constantly statin…
Read full story
Translate to English Show original
orto leave comments
Avatar

Mixed data out of the US: NFP up; AHE down

  • Investors however, seem to be focussing on the strong job growth, with the EURUSD plunging nearly 60pips.
  • The pair quickly reversed and now broke the very round 1.10$.
Read full story
Translate to English Show original
orto leave comments
Avatar

Are #Investors secretly hoping for poor US data?

  • Expectations:
The Non-Farm Payrolls is expected to come higher (195K) than the previous (151K). A print above 245K would be considered high; bellow 70K would put downward pressure on the Buck.
Average Hourly Earnings are expected to shrink to 0.2% from 0.5%. A read above 0.5% would be considered high; bellow 0.0% low.
[list][/list]…
Read full story
Translate to English Show original
orto leave comments
Avatar

The Day Before: #Global #equities up; #Crude #Oil Stable

  • London opened with a positive risk sentiment. News from a rise in global commodity prices certainly helped, with Aussie and Kiwi outperforming throughout the day. However, the session started with both EUROstoxx50 and Crude Oil drifting lower.
  • At 9:30 AM GMT there was, perhaps, the most expected event of the day - UK Services PMI. Surprise, surprise, despite a negative deviation, Cable still managed to turn around and make new a high.
[list][/list]…
Read full story
Translate to English Show original
orto leave comments
Avatar

USD was the biggest loser; AUD, NZD and GBP outperformed

- The session's biggest loser was - without a doubt - the USD, breaking through major levels against the Pound, Euro and Japanese Yen.- Both Aussie and Kiwi capitalized on stronger commodity prices.- Sterling was perhaps the biggest surprise. Despite weaker than expected Services PMI data, the Cable managed to turn around and break through 1.41$.
Read full story
Translate to English Show original
orto leave comments
Avatar

FX Fundamentals: #USD #EUR #GBP #JPY #CHF #CAD #AUD #NZD

USD: The Buck is, fundamentally, the strongest currency. However, the global outlook seems to be forcing the Fed to scale back on their original plan of hiking rates 4 times this year.

EUR:
The Euro is a weak currency, at the moment, with the ECB trying everything in its power to lower its exchange rate. The global turmoil, however, might keep the single currency rallying on safe-haven flows.

GBP:
The Pound is as bad as it seems, at least by comparison, with the BoE member constantly stating…
Read full story
Translate to English Show original
orto leave comments