So far PMI results are displaying negatively on the European front πͺπΊ, with all figures being worse than expected.
The #Euro has now shifted to weakest for the day.
#AdvancedMarkets
If your interested in learning more about how news figures affect the FX market and what they mean, this is a good read. Explains the events that occurred earlier this morning involving the Pound. #advancedmarketstradingview.com/news/reutersβ¦
It seems UK investors no longer fully price in Bank Rate peaking at 6%, OIS Curve now leaning towards a peak of 5.75% in late 2023/early 2024.
#advancedmarkets
What a terrible start to the trading day for the Pound !
All major impact news came out worse than expected for the Sterling and its taking a beating in the markets since.
$GBP / $USD already down 0.80% for the day putting prices back down to 1.2933 !
#advancedmarkets
The Kiwi is finding itself under pressure early in Tuesdays session, $NZD / $JPY already down 0.82% for the day putting prices back at 87.035. Where next ? #advancedmarkets
Rise and Shine Traders !
The EU session is fast approaching us with the $EUR and $CHF taking charge early morning. Keep your eyes peeled as ECB's Panetta is due to speak later this morning which could give us some more insight.
#advancedmarkets
We now enter the first U.S session for the week, currently the Yen $JPY and Dollar $USD seem to have found strength early on. Will this continue with little news expected out for the rest of the day ?
#advancedmarkets
Welcome back traders !
The FX markets are back underway after the weekend break, this week is packed full of important news and data releases which could cause a stir. So gear up and get ready !
FYI - ECB President Lagarde is due to speak in just over an hour. #advancedmarkets
Good morning Traders! Here is your daily market outlook:
The main pieces to keep an eye on are the CPI Data for the $USD and the Bank of Canada's interest rate decision $CAD. #ADVANCEDMARKETS