Marshall Gittler
Trading Analysis
Summary
Three of the world's most important central banks will meet next week to discuss monetary policy. Join this important webinar, facilitated by award-winning analyst Marshall Gittler, FXPRIMUS' Head of Investment Research, to understand the critical impact of these meetings on the financial markets, and on your trading decisions.Latest Live Videos
Editors’ Picks
EUR/USD eases marginally, back to 1.1800
EUR/USD navigates a narrow range on Thursday, hovering around the 1.1800 neighbourhood in a context of humble gains in the US Dollar. The pair’s lacklustre performance come amid the unabated trade uncertainty, geopolitical tensions in the Middle East and the cautious tone from the ECB’s Lagarde.
GBP/USD retreats from tops, approaching 1.3540
GBP/USD partially sets aside Wednesday’s strong advance and recedes to the 1.3540 region on Thursday. Cable’s modest retracement follows the equally acceptable gains in the Greenback, while investors continue to pencil in a potential BoE rate cut in March.
Gold clings to gains just below $5,200, focus on geopolitics
Gold is edging modestly higher on Thursday, adding to Wednesday’s uptick and holding just below the $5,200 mark per troy ounce against the backdrop of modest gains in the US Dollar. In the meantime, attention is turning to the geopolitical scenario following US-Iran nuclear talks.
Stellar: Relief bounce fades as bearish undertone persists
Stellar is trading around $0.16 at the time of writing on Thursday after rebounding more than 8% in the previous day. Derivatives data paints a negative picture as XLM’s short bets hit a monthly high while Open Interest continues to decline.
The one thing everyone is on the lookout for is US action of some sort against Iran
The FX market is minestrone soup these days. It is befuddled by conflicting data, rumors and small stories exaggerated out of proportion, and Trump-generated uncertainty.
Here is what you need to know on Thursday, February 26
Financial markets adopt a cautious stance early Thursday as focus shifts to US-Iran nuclear talks in Geneva. The European economic calendar will feature business and consumer sentiment data for February. Later in the day, the US Department of Labor will publish the weekly Initial Jobless Claims data, and the Federal Reserve Bank of Kansas City will release the regional Manufacturing Activity Index for February.