The UK elections handed PM Johnson a landslide victory as his Tories took seats from Labour, the biggest loser of the night. The British Pound surged, and the focus will now shift back to Brexit. The UK is anticipated to leave the EU on January 31st 2020. Gold maintained its bullish bias despite the announcement of a phase-one trade deal in principle. How will this precious metal react after Trump comments on the deal? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. In the meantime, economic data...
The US Dollar extended losses versus the Swiss Franc after the US Fed kept interest rates on hold, as was expected. Forward guidance called for interest rates to remain on hold throughout 2020, suggesting a weak economy ahead. The USDCHF completed a breakdown below support, how will this currency pair react after the SNB press conference? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair. Today’s SNB interest rate decision will be closely followed....
Forex traders are looking forward to the first press conference by new ECB President Lagarde following the interest rate announcement. Expectations call for no change as the shadow of Draghi’s divided ECB is anticipated to linger. The EURJPY is waiting for the press conference inside its horizontal resistance area, how will this currency pair be impacted in the aftermath of Lagarde’s first post-ECB press conference? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. Japanese machine orders posted a...
The US Fed will conclude its last meeting of 2019 today and expectations call for no change in interest rates, especially following Friday’s strong NFP report. The CPI report will also be closely watched as annualized core inflation is running above the central bank’s 2.0% target. The USDJPY has moved lower over the past few trading sessions, how will today’s post-FOMC press conference impact this currency pair? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this...
Today’s ZEW data out of Germany and the Eurozone is expected to impact price action in the Euro. Economists anticipate the German Expectations Index to move into positive territory and the same holds for the Eurozone Economic Sentiment Index. The EURUSD retraced back down to a key support level, how will this currency pair react following the release of economic data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. Following Friday’s blockbuster NFP report out of the US, today’s final revision to Non...