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ECB to halve size of stimulus scheme but euro slips

The European Central Bank (ECB) kept interest rates unchanged, but announced that it will reduce its monthly quantitative easing (QE) measures from €60bn to €30bn starting in January 2018.
The measures are scheduled to continue for nine months through to September of next year. The ECB confirmed that it would be willing to increase these stimulus measures if inflation remains more sluggish than anticipated.
In the accompanying press conference, ECB President Draghi struck a slightly cautious ton…
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Commodities :

Commodities :
Gold spot down 0.2% to $1,346.59.
West Texas Intermediate crude declined 3.1 percent to $47.56 a barrel.
Copper fell 3.3 percent to $3.04 a pound, the biggest drop in more than four months.
Crude oil prices rose as US refineries reopened; gold also gained amid lingering geopolitical tensions and a weaker US dollar
Crude oil prices rose this week, supported by increased demand in the US after key refineries and pipelines, which were closed after tropical storm Harvey, gradually resu…
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Draghi caution fails to dent euro's rally

Draghi caution fails to dent euro's rally
Highlights from last week:
• Euro's advance continues despite Draghi's stimulus
warning
• Mixed economic data provides little support for sterling
• US dollar slips after Fed Chair Yellen's speech
The week ahead:
• Euro zone consumer inflation data (Thursday,
10.00am)
• UK manufacturing activity data (Friday, 9.30am)
• US non-farm payrolls data (Friday, 1.30pm)

ECB president confirms stimulus still warranted
The euro extended its recent gains against …
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30 August 2017 #Currency Snapshot.

30 August 2017

#Currency Snapshot.
Brexit negotiations weigh on GBP
The pound largely softened last week, with markets reading between the lines of the latest economic data releases to find the negatives behind the positive headline figures.
GBP/EUR slumped to €1.07 this week, while GBP/USD climbed to US$1.2963.
There isn’t a huge amount on the UK data calendar this week, but market focus is likely to be on the ongoing Brexit negotiations.

Regards All.
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USDJpy

UsdJpy
Volatility is fading around 109.00.
• USD/JPY has bounced strongly off support. The pair is likely to retest towards former support at 108.13 (17/04/2017 low) . Expected to show another leg lower.
I favor a long-term bearish bias. Support is now given at 96.57 (10/08/2013 low). A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems absolutely unlikely. Expected to decline further support at 93.79 (13/06/2013 low).
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EURUsd Bullish breakout.

• EUR/USD short-term bullish pressures are increasing. The pair has broken hourly resistance at 1.1910 (02/08/2017 high) while hourly support lies at 1.1662 (17/08/2017 low). Expected to show increasing bullish pressures.
• In the longer term, the momentum is now turning largely positive. We favour a continued bullish bias. Key resistance holding at 1.1871 (24/08/2015 high) has been broken while strong support lies at 1.0341 (03/01/2017 low)
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#EURusd storic chart!

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Daily Market Updates 19 January 2017

Headlines International
Overnight the dollar has rallied 1.1% while Treasuries plunged after Yellen signalled the Fed is ready to raise rates if the economy strengthens as anticipated.
Yellen says economy near goals, warranting gradual rate hike. U.S. economy is “close” to objectives of full employment, stable prices; Yellen confident it will continue to improve. “I and most of my colleagues” were expecting last month to increase the benchmark lending rate “a few times a year” through the end of…
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EURUsd next week chart

EurUsd Next Week Chart

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cosma 3 déc

www.Twitter/FxCox

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Reflection on the #currency market in September

#forex > link to my personal blog!
Reflection on the #currency market in September
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