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Market info

Forex Major Currencies Outlook (Feb 4 – Feb 8)

USD

The US Congressional Budget Office lowered its estimates of the US fiscal deficit for the 2019 fiscal year. They now see the deficit at $897 billion compared to the $981 billion deficit in the April estimate. That's 4.2% of GDP instead of 4.6%. The cost of government shutdown has been projected at $11bn.

Forex Major Currencies Outlook (Jan 28 – Feb 1)

USD

IMF cut the global growth forecast to 3.5% for 2019 which is the lowest in 3 years; they see growth in 2020 to be at 3.6%. 

Forex Major Currencies Outlook (Jan 21 – Jan 25)

On Monday most banks and financial institutions will be closed in the US due to Martin Luther King’s day so liquidity in the markets will be thinner than usual, causing higher spreads and more volatile movements.

USD

FED’s George, who is the most hawkish member of the FED, also acknowledged that FED can be patient and wait with rate hikes.

Forex Major Currencies Outlook (Jan 14 – Jan 18)

USD

December non-manufacturing PMI came in at 57.6 vs 59.0 as expected with prior reading being 60.7. Reading is a five-month low and the only bright point is that new orders ticked up higher.

Forex Major Currencies Outlook (Jan 7 – Jan 11)

USD

The final Manufacturing PMI for the month of December came in at 53.8 vs 53.9 as expected.

Forex Major Currencies Outlook (Dec 31 – Jan 4)

Please note that due to the New Year holidays, liquidity in the markets will be thin which can potentially lead to increased volatility and higher spreads, be sure to plan your trading accordingly.

USD

This week we will have the final PMI numbers for the month of December and on Friday the NFP data will be announced.

Forex Major Currencies Outlook (Dec 24 – Dec 28)

Please note that due to Christmas holidays liquidity in the markets will be thin which can potentially lead to increased volatility in the markets.

USD

Housing starts came in at 1256k vs 1228k as expected and building permits data came in at 1328k vs 1260k as expected. 

Forex Major Currencies Outlook (Dec 17 – Dec 21)

USD

CPI data for the month of November came in at 2.2% y/y as expected. Monthly figure came in unchanged as expected. The budget deficit for the month of November came in at $204.9bn vs $100.5bn the previous month.

Forex Major Currencies Outlook (Dec 10 – Dec 14)

USD

The November Manufacturing PMI came in at 55.3 vs 55.4 as expected but ISM Manufacturing PMI came in at 59.3 vs 57.5 as expected for a huge beat.

Forex Major Currencies Outlook (Dec 3 – Dec 7)

USD

FED’s Clarida came out on Tuesday with a hawkish statement reiterating that gradual rate hikes are appropriate as data shows the way to neutral stance.

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2018 Christmas and New Years Holiday Schedule

Over the next week, market activity and liquidity may be lower than usual. This may result in higher spread...

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