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 […]

Bulle und Br vor hellem Hintergrund

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 […]

FTSE 100 UK index crash arrow going down stock exchange falling bear market concept.

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 […]

Bearish road sign

Markets in Negative Ahead of Key Week

Markets turned negative on Friday on back of increased uncertainty following new polls from the Brexit referendum showing a majority in favour of a leave. US markets fell with energy and financials taking the S&P 0.9% lower and not managing to close above trend resistance projected from the all-time highs. The USD rose across the […]

Missing piece from a European jigsaw puzzle revealing the British flag

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 […]

house made from dollar bills with key isolated on white background

US Housing Strikes Back – Risky assets bid

Markets were in a positive mood on Tuesday on back of strong US New Home Sales, which rallied 16.6% against 2% expected, adding good ingredients for investors risk appetite. US benchmark indices closed 1.2-2.0% higher, led by financials,  with S&P500 bounced the neckline in the daily H-S formation and the good mood followed through in […]

Roadsign of higher interest rates ahead against blue sky

Hawkish Fed Speakers send Risk on the offer – H-S in S&P

Following a good finish for the week in global markets, Monday’s price action was negative on back of hawkish comments from Fed speakers (Bullard in particular mentioning that if interest rates were kept too low, for too long time, it would hurt the economy) about the US monetary policy and potential rate hike in June. […]

Dollar vs Euro

Euro zone PMI and FED speakers in focus

Markets finished on a positive note on Friday on back of strong US Existing Home Sales, giving a boost to US equities with Nasdaq taking home 1.2% and the S&P500 0.6% with healthcare and financials leading the pack. Overnight, Asian indices opened in positive, but despite overall supportive Japanese figures, the markets have been focusing […]

Profits Green Road Sign With Dramatic Clouds and Sky.

EURUSD looks to turn around after six days of losses

Markets continued yesterday with broad based USD-strength and a general positive mood in the markets which followed through in Asia, despite a drop in Hang Seng. The Nikkei closed above the Ichimoku cloud, making the technical outlook changing from negative to positive and USDJPY printed May highs at 109.35 with the outlook negative. Despite an […]

Zeit ist Geld an den Mrkten

Risk Aversion and US Dollar weakness still the theme

Equity markets were on the retreat on Friday and the US Dollar took another leg lower against most peers. Despite evidence that growth in the Euro zone is picking up, the markets focused on the US sentiment figures, which revealed a drop in the Chicago PMI as well as a slight deterioration in the U. […]