Feb 6_ macro monday and the most important trading fundamentals _ 004


Despite the different central bank meetings, FOMC appearances and the NFP Friday, we did not see any major fireworks and price behaved more or less normal last week. Stock market futures monday However, especially on the daily timeframes many Forex pairs are showing range-bound price behavior and there are few trends right now. Future stock market cnn With equities hitting new all-time highs, the uncertainty of the Trump presidency and the continued talks about currency devaluations, there is lots going on in the world right now and investors are making up their minds and wait for the next big catalyst.

• Friday’s employment data was weak and although more jobs were added, the unemployment rate rose and average hourly earnings went lower.

Usd cny It’s not a particularly worrying signal but it might be enough for the FED to rethink a potential March rate hike.

• Trump is reviewing the Dodd-Franc act, regulations that were aimed at improving the capital base and lowering the default risk of financial institutions during the financial crisis. Rose quotes shakespeare Reversing the Dodd-Franc act would deregulate banks and encourage riskier business activities. Dow futures exchange Banks took that as positive and rallied on the news which boosted indexes once again.

• Data out of Europe were mostly positive and further confirmed to slow but steady recovery and improvement of the Euro area. Binary calculator The only real disappointment was German CPI data which took a dive and it showed that the positive effect of a low Euro is fading.

• The Australian Dollar performed well driven by positive trade balance data. Usa today crossword puzzle The New Zealand Dollar underperformed and employment and labor market data disappointed in New Zealand last week.

• Sanctions on Iran after a missile test and rising US shale oil production added to volatility in crude oil and it was a very choppy week for crude. Usd exchange rate The OPEC deal still doesn’t have the bullish effect an output deal usually has.

• The US-Dollar sold off the sixth week in a row and kept trading below the important $100 level. Eur usd forward rates Friday’s NFP data miss which lowered probabilities for three FED rate hikes might have just been the catalyst for more USD bearishness. Decimal to binary algorithm Price is currently approaching the next support at $99.

• Gold had another strong week and despite the optimism in equities, investors were looking for safe haven investments given the level of uncertainty right now. Rmb usd exchange rate Gold is just breaking the 1220 resistance which could open the room for more bullishness if price can hold the level. Hockey shooting drills $1240 is another major resistance level.

• The S&P500 came short of its last week all-time high at 2,300 but price rallied strongly on Friday on the news that Trump is reviewing the Dodd-Franc act. Python tutorial for kids Earnings reports out of the US are still beating expectations and this week we will see more releases of some of the big players. Gold price usd A push over $2300 is possible if the data confirms the good state the economy is in.

• Crude oil slowly edged higher but price action is extremely volatile given the uncertainty that surrounds this market. Usd yen forecast The important $54 level still held. Binary hexadecimal Only on a break of $54, crude could enter a more bullish phase.

• Treasuries drifted sideways unchanged and after a sell-off in yields at the beginning of the week, yields recovered at the end of the week. Dollar and pound exchange rate A rise in yield comes when price is selling off and as investors piled back into equities, Treasuries got dumped on the risk-on shift.

• The EUR/USD was higher for the week as the US Dollar kept selling off. Call option The 1.08 level is providing resistance at the moment but if the USD weakness persists, we could see a break of the level. Eur usd exchange rate A short-term reversal at the current 1.08 level might be possible as well but the downside potential is limited as of now.

• The USD/JPY, often a measure of the risk sentiment, sold off last week as investors ditched the Dollar and piled into safe-haven investments. Market futures for tomorrow Price wasn’t able to break the important 112 level yet, but price is clearly pulling towards the lows of the range. 256 in binary A break of 112 could open the room for more bearishness and there is quite some room below current price.

• Although the VIX was higher last week, it’s still trading at relatively low levels. Usd rmb exchange rate history A further increase of the VIX is likely given the current state the market is in right now. 1 usd to inr today CNN’s fear and greed index is still slightly leaning towards a more greed-driven market but the reading keeps falling.

• On Thursday, the RBA Governor speaks and an RBA monetary policy statement is released but markets don’t expect to see any change. Live futures market On Thursday China is also releasing trade balance data

• Friday is then the busiest day news-wise for the week and we’re starting with UK economic data and then see some US and Canadian numbers at the beginning of the US session.

And with that, we’re ready for a new trading week. Binary coder As I said, many FX pairs are trapped in tight daily ranges with a high level of volatility. Futures market explained Last week, I pointed out that I am more trading on the 1H timeframe to avoid the chop and this trend will continue this week as well.

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