Daily Forex Market Reviews


January 19, 2017
U.S. reports revealed a hefty 0.8% December industrial production
Asian stock markets traded mixed, with Japan and ASX moving higher, as Fed’s Yellen said she expects to hike rates few times a year through 2019 to 3% neutral rate...
HotForex
January 19, 2017
Yellen repeats Fed is close to meeting targets, USD up
The speech by the US central bank governor Janet Yellen did not offer any new insights on the attitude of FOMC, nor did it cause large shifts in the pricing of future rate hikes (even if now 3 rate hikes in 2017 look again more probable than only one, with 2 remaining the most expected outcome)...
XTB
January 19, 2017
Trump vs Yellen & Draghi vs Weidmann
The U.S. dollar has been on a roller-coaster this week. After dropping by more than 1% on Tuesday the dollar index recovered 0.9% from its lows...
FXTM
January 18, 2017
Trump kicks the Dollar down
Trump hinted in his interview to the Financial Times that the US Dollar went for a far too extensive rally and the enthusiasm surrounding the bulls needs to be cooled...
Tickmill
January 18, 2017
Fed speakers, BoC and UK employment
We are going to see some central bank action (Canada) and hear from some Fed members and the chairwoman today. Apart from that we will get more information on the UK labor market and a data package from the US, including CPI for December and industrial output...
XTB
January 18, 2017
Aussie dollar cracks major levels
The Australian dollar swung heavily today as US bulls finally looked to sell off in the wake of economic uncertainty around the United Kingdom...
FXTM
January 17, 2017
Sterling Struggles Ahead of Theresa May's Speech
Theresa May will make a speech outlining her plans for Brexit tomorrow, Tuesday 17th Jan, before the UK triggers Article 50 to leave the EU...
FxPro
Clinton or Trump, How will the U.S. economy be affected?
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January 17, 2017
Volatility elevated ahead of May's Brexit speech; Pound recovers
Financial markets are anxiously awaiting U.K. Prime Minister Theresa May speech later today where she will lay out a detailed divorce plan from the EU.
FXTM
January 16, 2017
Sterling slides on Theresa effect
The heightened hard Brexit fears have triggered a steep Sterling selloff during the early trading hours of Monday with the GBPUSD tumbling to a fresh three-month low at $1.1983...
FXTM
January 16, 2017
Surging equities at risk ahead of earnings season
While earnings season has started on a very positive footing, however, banks and other financial companies were already expected to shine more than others due to rising interest rate expectations. As non-financial companies begin to report in the coming weeks...
FOREX.com
January 16, 2017
Oil prices were unmoved
After reaching 56.50 dollars per barrel Brent rolled back to 55.50. The benchmark started Friday in a consolidation. Brent extended its sideways trades during the European session. The “black gold” was range-bound-to lower during the day...
Fort Financial Services
January 16, 2017
XAUUSD at major resistance, time to sell
We turn bearish below 1198 resistance (Fibonacci retracement, horizontal resistance) as we prepare to see a strong move down to 1176 support (Fibonacci retracement, recent swing low support, Fibonacci projection)...
EXNESS
January 13, 2017
The gold held a bullish tone
Unclear Donald Trump's plans regarding his future economic/fiscal policies boosted gold prices towards 7-week highs...
Fort Financial Services
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January 13, 2017
Trump comes out empty-handed
Yesterday markets got their first clue about the path the US economic development, as Donald Trump held his first press conference after the election in November. Although this has not clarified much, as investors are still unsure about the path to take...
Tickmill
January 13, 2017
Dollar Turn-around on Trump's Press Conference
President Elect Trump's first press conference after his victory in the US presidential election, was held yesterday around at 16:00 GMT. It has caused great volatility to the dollar and the markets...
FxPro
January 12, 2017
Stock markets headed south in Asia overnight
Trump conducted a test of the intelligence community by having a meeting with those agencies without letting any of his staff know and news of that meeting was subsequently leaked, he said...
HotForex
January 12, 2017
Gold Nears Major Resistance Ahead of Trump’s Press Conference
Gold prices have rebounded since mid-Dec after testing the significant support line at 1120. On the 4 hourly chart, gold bullish momentum has been strengthened since the beginning of this year, helped by the dollar retracement...
FxPro
January 12, 2017
FTSE sets record winning streak
The FTSE 100 posted a 12th consecutive higher close yesterday to set a record for the best run of successive gains since 1984. A depreciating pound has been a near constant support to the stock market during this period and yesterday the currency fell to its lowest level against the US dollar since October...
XTB
January 12, 2017
President-elect leaves dollar bulls unimpressed
The long-awaited first press conference by President-elect Donald Trump left many investors with more questions than answers as he failed to justify the current premium priced in the dollar and equity markets...
FXTM
January 11, 2017
Searching for a new narrative
Popcorn at the read today as President elect Trump has a scheduled news conference later in the day (around 16:00 GMT). Markets have become used to listening to him in 140 characters or less over the recent weeks, so a more elongated narrative should be welcome...
FxPro
January 11, 2017
Gold rebound heading for major resistance
For more than two weeks, the price of gold has been in a strong rebound from its late-December bottom around the $1125 level. This rebound follows a sustained drop in price that began from the July highs around $1375 and followed-through to the December lows...
FOREX.com

January 11, 2017
Strong UK industrial data
Industrial output MoM: 2.1%, consensus 1%, previous reading -1.1 ( revised up from -1.3%)...
XTB
January 10, 2017
The sterling conundrum
Yesterday's early weakness in sterling, on the back of the latest comments from PM May surrounding Brexit, took cable close to key support levels and the resilience seen through most of the post US election period has been unwound...
FxPro
January 10, 2017
May says no to soft Brexit
Crude oil prices started the week on a sour note, due to the increase in oil supplies from Iran, while the comeback of the US shale oil producers casts a dark cloud on early market rebalance, whittling away the OPEC-agreement euphoria...
Tickmill
January 10, 2017
Strong inflationary readings from China
The key event of the Asian session, December’s inflation data from China didn’t disappoint, the CPI y/y came at 2.1% (vs 2.2% expected and 2.3% previously) but producers prices surged by 5.5% y/y with expectations at 4.6% and prior growth of 3.3%...
XTB
January 9, 2017
Selling into USD strength
In summary, Friday US jobs report was pretty much in line with expectations, although the slightly better data on earnings gave some support to the dollar into the end of the week. As a result, the US currency was little changed from Tuesday opening levels...
FxPro
January 9, 2017
The year is only a week old
Though the December U.S. jobs report was largely plain vanilla, it was good enough to support rising animal spirits. The surprise headliner of the report, however, was the 0.4% surge in earnings, which caught the markets attention...
HotForex
January 9, 2017
Gold futures edged lower
Gold prices retreated below 1180 after posting fresh weekly highs at 1184 dollars per ounce. The metal stayed range-bound to lower below the current hurdle during the European hours. The price hovered above the moving averages in the 4 hours chart...
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January 6, 2017
A scary day for the US dollar
It was the first day of a true correction on the US dollar since Donald Trump won presidency in the US. Looking at the EURUSD a body of the USD-negative daily candle is the largest since December 5th...
XTB
January 6, 2017
The dollar correction cometh
The issue with the dollar rally has always been its foundations. I highlighted this yesterday and this was also a feature in the Fed minutes released last night...
FxPro
January 6, 2017
Gold explodes into gains
Gold has exploded into gains this week with prices smashing into fresh monthly highs above $1184. The drivers behind the metals miraculous rebound were Dollar weakness and uncertainty over how Trump's policies may impact the US economy...
FXTM