WEEKLY-3-226x201

Tier1FX Weekly

The weekly outlook will continue to be a blur ahead of Thursday’s Brexit referendum. Sterling liquidity continues to decrease with intra week implied volatility readings through the roof. Be careful placing orders in GBP pairs both ahead and after the vote as the slippage could very likely mimic what we saw happen with the SNB […]

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Fed on hold as expected – JPY pairs collapse after no action from the BoJ

Markets had been range trading ahead of the Federal Open Market Committee’s decision as there were doubts on how the recent terrible US unemployment report would affect the outlook in the US economy. With the decision to keep rates on hold and place quite a dovish statement with a few downgrades on growth and the […]

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FX Majors rangy, stocks bounce back ahead of FOMC

On Tuesday, markets were trading sideways to lower on back of Brexit concerns and the important Fed meeting, taking place this evening. DAX has hit our first target from our Orderbook in our weekly update. Market participants have scaled back the expectation of a rate hike in light of the recent US employment report, which […]

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Markets lower ahead of Central Bankers – FTSE taking out key support

Global stocks dipped for a third day in a row with drops in technology and Consumer Non-Cyclicals outweighing gains in Energy and Consumer cyclicals. There was no macro data of importance on Monday, so market players were positioning themselves for the FOMC on Wednesday as well as being alert to any news concerning the BREXIT […]

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European Markets Are Trading Lower – US Dollar under selling pressure

European stocks markets are trading lower today. EuroStoxx is falling 1,9%, followed by DAX, -1,32%. In the forex market, the US Dollar continues to suffer from fresh selling pressure against the euro while “Brexit” worries spurred widespread weakness in the British Pound. The EURUSD pair extended its rally beyond 1.1400. Regarding GBPUSD, the pair is […]

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Oil eyeing 2015 Q3 highs, USD-index in 5-week lows

EU markets closed in positive on back of solid GDP figures and decent figures from the China Foreign Reserves. US markets were more or less in neutral with a slight positive bias with energy and telcom leading the markets higher. S&P took home gains for the second day in a row and has closed above […]

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Risk Constructive Ahead of Important US Job Report

Europe closed in mixed territory yesterday following a lower PPI and an ECB which turned out to be a non-event as expected. Strikes and flooding in mainland Europe also had an effect, leading to the DAX just managing to take home gains, whereas the CAC40 and FTSE100 lost ground. In the US, markets were bid, […]

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Asia in Negative Despite Strong AU GDP. Manufacturing in Focus today

Stock markets in the US finished on a mixed note with the S&P and the DOW in minus, whilst the Nasdaq managed to take home a 0.3% gain. The US Dollar continued overall on the bid and has shown a solid performance in May on back of re-ignited rate speculation, taking the US Dollar Index […]

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Will UK GDP take the GBP to 2016 highs?

Risk taking was decent on Wednesday in both the EU and the US, on back of positive German IFO figures as well as a rise in oil prices, which recently has proved to trigger positive equity markets. Energy and Basic Materials led the gains with Transocean (+9.65%) and Chesapeake Energy (+7.41%) leading the S&P500. The […]

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Global Stocks To Post Third Weekly Loss?

Risk aversion has been dominating recently on back of concerns of a global slowdown and uncertainty about the outcome of the Brexit referendum just to name a few parameters. This could lead to the that the saying “sell in May and walk away” once again will prove itself to be correct. US stocks were flat […]