Source: PaxForex Premium Analytics Portal, Fundamental Insight The Japanese Tertiary Industry Index for June increased 2.3% monthly. Forex traders can compare this to the Japanese Tertiary Industry Index for May, which decreased 2.9% monthly.

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Forex traders will get a swath of UK economic data today which is expected to move the British Pound as the election campaign heats up. GDP data will be front-and-center, together with industrial and manufacturing and production data where economists expected a contraction. Countering this could be an increase in the services sector, construction output and trade data will also be announced. How will this impact price action in the GBPJPY? Today’s fundamental analysis will take a look at price action in both directions.

Forex traders will continue to follow Brexit developments after the UK Parliament delayed a vote on Saturday which forced PM Johnson to ask the EU for a delay. He sent a delay request, but didn’t sign it. This was followed by a signed letter stating he doesn’t want a delay. On the economic front, monthly Rightmove House Prices came in much stronger then expected. How will the confusion impact price action in the GBPJPY today? Today’s fundamental analysis will take a look at price action in both directions.

Forex traders will get plenty of economic data out of the UK this morning. Industrial production, manufacturing production, GDP data and service sector data will be in focus and is expected to move the British Pound. Latest rumors surrounding Brexit called for the EU to give a major concession to the UK in order to potentially reach a deal. How will today’s data and the latest Brexit developments impact the GBPJPY? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Final GDP as well as total business investment data for the second-quarter is expected to remain unchanged. Over the weekend, PM Johnson stated that he will not resign as this could result in a Brexit delay. As the political impasse continues and the Brexit deadline is approaching, the British Pound is expected to come under more pressure which will push the GBPJPY further to the downside. How will today’s UK economic data impact price action?

Forex traders will get key UK data this morning which will include monthly GDP data for July, expected to show a small increase to finish the second-quarter. Industrial and manufacturing data is anticipated to come in flat for July, countered by small monthly gains in construction output and in the powerful service sector. Rounding up the range of economic data will be the trade balance for July which is favored to show a rise in deficits with the exception for the visible trade balance. How will the GBPJPY react after the release of today’s UK data?

Forex traders will start the new trading week with a light economic calendar which will likely see an extension of existing trends across currency pairs. Starting off on a positive note, UK property website Rightmove reported a 6.1% annualized increase in UK home sales for August. As Brexit is nearing, UK consumers enjoy a strong labor market with the biggest wage increases in 11 years. The British Pound has started to recover last week from multi-month lows which resulted in a breakout of the GBPJPY above its horizontal support area.

As Japan is waging its own trade dispute with South Korea, the second-quarter GDP surprised to the upside on the back of a surge in business spending. The Japanese consumer, in its usual fashion, lagged behind. Despite the upside surprise, forex traders kept the GBPJPY hovering at a string support level. The Bank of Japan vowed to defend excessive Japanese Yen strength and the British Pound started to show signs of downside exhaustion. Is this currency pair on the verge of a short-covering rally?

Prime Minister Boris Johnson started his new position yesterday after winning the election with a 2-1 majority. As he assembles his pro-Brexit cabinet, the British Pound was able to stabilize at strong support levels and at extreme oversold conditions. The GBPJPY ascended slowly and is now approaching the upper band of its horizontal support area. Will bullish momentum be strong enough for a breakout? Subscribe to the PaxForex Daily Fundamental Analysis and take the profitable side of this currency pair!

The British Pound stabilized following yesterday’s inflation data and forex traders are now awaiting retail sales data which is scheduled for release this morning. Economists predict a monthly contraction, but a pick-up in activity on an annualized basis. Will this suffice to pressure the GBPJPY into a short-covering rally? Which impact will the Bank of England Bank Liabilities and Credit Conditions Survey have on the British Pound? Today’s fundamental analysis will cover the potential for price action moves in both directions.

The G-20 Summit in Osaka has begun and market participants await news from the outcome of working sessions. More important than official meetings are the bilateral sidelines meetings which could have an impact on markets when Asia kicks off the new trading week on Monday. The leadership for the next British Prime Minister is also on minds of forex traders, with Boris Johnson holding on to a narrow lead. The GBPJPY has started a sideways trend at strong support levels, will price action attempt a breakout on the back of a short-covering rally or will bears pressure for more downside?

After the US Fed kept interest rates unchanged yesterday, in a move which was widely expected, it did sound a more dovish tone and opened the way for an interest rate cut as soon as its next meeting. Today it will be the Bank of England’s turn as economists expect no change in monetary policy while the leadership race for a new PM is narrowing down. The British central bank is turning slightly more hawkish and sentiment towards a potential interest rate increase rose yesterday as inflation picked up.

After UK Prime Minister May stepped aside last Friday, the battle to replace her is in full swing. Her divided Tory party will now need to narrow the field to two candidates, with former London Mayor and former Foreign Secretary as well as key Brexit figure Boris Johnson in the lead. How will the British Pound perform as the the next leader will be a Brexiteer who is not afraid of a no-deal Brexit? Forex traders will get key UK economic data today which will feature April’s GDP figure as well as a reading on industrial and manufacturing production.

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here is the key factor to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here is the key factor to keep in mind today for British Pound trades: UK Rightmove House Prices: UK Rightmove House Prices for June increased by 0.4% monthly and by 1.7% annualized. Forex traders can compare this to UK Rightmove House Prices for May which increased by 0.8% monthly and by 1.1% annualized. Here is the key factor to keep in mind today for Japanese Yen trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here is the key factor to keep in mind today for British Pound trades:

Here is the key factor to keep in mind today for British Pound trades: UK Rightmove House Prices: UK Rightmove House Prices for December decreased by 2.6% monthly and increased by 1.2% annualized. Forex traders can compare this to UK Rightmove House Prices for November which decreased by 0.8% monthly and which increased by 1.8% annualized. Here are the key factors to keep in mind today for Japanese Yen trades:

Here is the key factor to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here is the key factor to keep in mind today for British Pound trades:

Here is the key factor to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:  

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for British Pound trades: