market sentiment

  1. Jarratt Davis

    Current Market Sentiment | UK Services PMI

    We don't have an opening trade call for the session, however we will be monitoring the UK Services PMI and ECB Meeting for potential opportunities. Watch the weekly risk events overview here and read my analysis of current market sentiment below in order to prepare for these releases...
  2. Jarratt Davis

    Market Sentiment | BOE Stress Test Results

    We just received BOE Bank Stress Test Results and Financial Stability Report. (Use links to learn more). Later today we get more out of the UK when BOE Governor Carney speaks at a press about the reports, followed by the UK Manufacturing PMI. Current Market Sentiment: Yesterday's NY session...
  3. Jarratt Davis

    Current Market Sentiment | US Bank Holidays

    With the US on holiday due to Thanksgiving, and given the large proportion of volume that US-based traders provide to financial markets, we will likely see directionless price action and thin volumes for the day, and potentially into the week's close. Current Market Sentiment: The highlight...
  4. Jarratt Davis

    Current Market Sentiment | Core US PCE

    Key risk events for the day come from the US during the NY session. Core PCE is hugely important and any deviation could drive direction in the dollar for the rest of the session. Also important is Core Durable Goods Orders. We will be watching these numbers and if they beat estimates then we...
  5. Jarratt Davis

    Current Market Sentiment | FOMC Meeting Minutes

    The next major tradable event is release of meeting minutes from the FOMC's recent decision on monetary policy (7:00pm GMT). Our long-dollar bias remains intact. Watch the weekly risk events overview here or read my analysis of current market sentiment below in order to prepare for this release...
  6. Jarratt Davis

    Market Sentiment 13th of October

    We don't have a trade call for the London session. Currently we are awaiting for U.K. data including CPI, PPI, and RPI figures, as well as the German ZEW Economic Sentiment. We also have MPC members Vlieghe and McCafferty speaking. Yesterday's NY session was all quiet on the data front, and a...
  7. Jarratt Davis

    Market Sentiment 7th of October

    There is no trade call for London session. Nothing major occurred during yesterday's New York session. The AUD extended on gains from the prior session in the wake of a neutral RBA. Aussie rallied over 100 pips during the session from it's Asian session lows. The NZD also rallied after GDT Price...
  8. Jarratt Davis

    Market Sentiment 30th of September

    There is no trade call for this session. We remain wary of month-end flows into EURGBP. Today is the first day of major data for the week with EZ CPI, Final GDP from UK, monthly GDP from Canada and ADP Employment change from US. As usual you can recap those events by watching my weekly risk...
  9. Jarratt Davis

    Market Sentiment 24th of September

    There is no trade call for the London open. Looking ahead we have few non major risk events: German Ifo Business Climate, ECB Targeted LTRO, US Core Durable Goods Orders, US Unemployment Claims and Fed Chair Yellen Speech. As usual you can recap those events by watching my weekly risk events...
  10. Jarratt Davis

    Market Sentiment 23rd of September

    There is no opening trade call for today and in general we expect a quiet session. Looking ahead we have Manufactruring PMIs from Europe. If you wish to learn more about today's risk events watch my video here. Otherwise read my short analysis of current market sentiment below. The Asian...
  11. Jarratt Davis

    Market Sentiment 11th of September

    There is no trade call today and the London session is very light. Aside from an MPC member speech that is non-monetary policy in nature, and US PPI, there are no events at all today which are likely to elicit trades. If you wish to learn more about today's risk event watch my video here...
  12. Jarratt Davis

    Market Sentiment 9th of September – Forex Trading Tips

    There is no trade call today, as there has been no fresh news over the last 12 hours that is worthy of a trade. Current Market Sentiment: Yesterday's key theme was a dissipation of the risk-off sentiment evident during the past fortnight. Yen was weaker across the board on the day, exacerbated...
  13. Jarratt Davis

    Market Sentiment 14th of August – Forex Trading Tips

    There is no trade call for the session as we don't see any current high conviction trades. We will continue to monitor events throughout the session. Current Market Sentiment: Yesterday in the NY session US retail sales printed close to expectations with no reaction was seen in the USD...
  14. Jarratt Davis

    Market Sentiment 12th of August – Forex Trading Tips

    There is no opening trade call for the session as the AUD and NZD are currently reacting to fresh multi-year lows vs the USD. We will look ahead to the UK jobs data for potential opportunities on the GBP. Current Market Sentiment: NY trade saw Preliminary Labor Costs and Non-farm...
  15. Jarratt Davis

    Current Forex Market Sentiment – Forex Trading Tips

    There is no opening trade call today as we head into the weekend. The Greek referendum is on Sunday and we advise against holding positions over the weekend due to this risk. Today is expected to be a light session given the US holiday. Services PMI from the UK is one piece of data that may...
  16. Jarratt Davis

    Current Market Sentiment – Forex Trading Tips

    Today we will be monitoring levels of support and resistance in unison with any impactful news and the underlying fundamentals in order to find a high probability trade. Support and resistance includes previous highs and lows (horizontal s/r), trendlines, moving averages, Fibonacci retracements...
  17. Jarratt Davis

    Current Market Sentiment – Forex Trading Tips

    Yesterday's London session showed two MPC members' decision to call for a rate hike was finely balanced. Sterling remains elevated against all its peers. GBPAUD had a 340 pip rally and GBPNZD had 400 pip rally in a 24-hour period from Tuesday to Wednesday. On the back of the bullish GBP...
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