The first official trading week of 2015 under way, major moves were going down! Oil down 5%, DOW down over 300… could this just be the beginning?!? Market veteran Bill Henner joins Merlin for a look at these instruments and more to get a clearer understanding of where and when to get into these volatile moves. Bill also offer us insights into where he sees things going in 2015.
Editors’ Picks
EUR/USD: More Trump trade war and the ECB in the docket
After trading choppily for most of the week, the EUR/USD pair plummeted on Thursday, bottoming early Friday at 1.0379, its lowest in over two weeks. It got to bounce modestly from the level ahead of the close, settling at around 1.0400.
GBP/USD clings to gains just above 1.2600 after PCE data
GBP/USD remains positively oriented in the 1.2600 neighbourhood as the Greenback is navigating a vacillating range following the PCE inflation release.
USD/JPY holds losses near 149.50 amid risk aversion
The Japanese Yen struggles to capitalize on its Asian session gains against a stronger USD. Firming expectations for more BoJ rate hikes this year should help limit losses for the JPY. Traders now look forward to the release of the crucial US PCE data for a fresh impetus.
Editors’ Picks
EUR/USD: More Trump trade war and the ECB in the docket
After trading choppily for most of the week, the EUR/USD pair plummeted on Thursday, bottoming early Friday at 1.0379, its lowest in over two weeks. It got to bounce modestly from the level ahead of the close, settling at around 1.0400.
Gold slumps to fresh multi-week lows below $2,840
Gold stays under bearish pressure and trades at its lowest level in three weeks below $2,840. The uncertainty surrounding the Trump administration's trade policy and month-end flows seem to be weighing on XAU/USD, which remains on track to snap an eight-week winning streak.
GBP/USD clings to gains just above 1.2600 after PCE data
GBP/USD remains positively oriented in the 1.2600 neighbourhood as the Greenback is navigating a vacillating range following the PCE inflation release.
The week ahead – US Payrolls, ECB rate meeting, ITV results – W/c 3rd March
Having seen the Federal Reserve keep rates on hold last month the US labour market continues to show remarkable resilience, despite seeing a slowdown in hiring in January, after a blow out December number.
Weekly focus – Tariff fears are back on the agenda
While the timing of the EU measures remains still uncertain, Trump surprised markets on Thursday by signalling that the 25% tariffs on Canada and Mexico will be enacted when the one-month delay runs out next Tuesday.
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