Pound Tracks Manufacturing PMI, Crude on High
Wednesday, 10 January 2018 / Published in Forex Daily News, Market News
Pound tracks manufacturing PMI, while crude moves higher on Wednesday following UK big economic releases. Let’s take a look at the figures! Manufacturing production represents about 80% of the UK’s total industrial production. According to the Office for National Statistics, the country’s manufacturing PMI came in at 0.4% m/m in November, against a 0.3% consensus
More on Kiwi, Majors and Crude
Wednesday, 20 December 2017 / Published in Daily Morning Report, Forex Daily News, Market News
More on Kiwi, majors and crude kick-start the trading on Wednesday. Despite the pre-Christmas market quietness, a few events keep the trading wheel turning. As the Q3 current account deficit shrinks to 2.6% of New Zealand’s GDP, the Kiwi was pushed up against the back-foot-trading USD, weighed down by the US tax re-vote. Hence, NZDUSD
Wednesday, 29 November 2017 / Published in Daily Morning Report, Forex Daily News, Market News
Wednesday is a big day for oil! On today’s docket, we have more oil output cuts announcements at the OPEC meetings and US crude surprisingly on the rise. More Oil Output Cuts Oil prices ditched during the Asian session today on doubts that OPEC and Russia will strike a bargain on extending a crude output
Wednesday, 22 November 2017 / Published in Forex Daily News, Market News
Wednesday has in focus the FOMC meeting minutes, crude oil data. What about USD? Here’s what the charts show. FOMC Meeting Minutes in Focus Awaiting important data releases today, investors are cautious in their trading and are all eyes and ears  to the news. Deutsche Bank analysts published a short preview to give traders a
Tuesday, 24 October 2017 / Published in Daily Morning Report, Forex Daily News
Tuesday starts off with more news on the kiwi, EURUSD and GBPUSD. In Asia, Forex trading has been driven so far by the massive USD sell-off. Investors are still tip-toeing in anticipation of a new Fed Chair likely to be appointed this week. At the moment, Kevin Warsh seems to have quite high chances of