DAILY MARKET REVIEW – JUNE 28 2024

SUMMARY First presidential debate in the United States, between Donald Trump as Republican candidate and Joe Biden as incumbent president and representative of the Democrats. British GDP is expected to grow by 0.2% year-on-year. Business investment is expected to have increased by +0.9% in Q1 2024. GBPUSD is correcting -0.04% and trades at 1.2632. USD/JPY […]

DAILY MARKET REVIEW – JUNE 27 2024

SUMMARY Investors are eagerly awaiting the extraordinary summit of eurozone leaders. The Eurogroup meeting continues. GBPUSD corrected -0.49% yesterday as traders expect the US PCE to be worse than expected. The pound is currently up +0.06% against the dollar at 1.2629. Tokyo’s core CPI is expected to increase by 2% y-o-y. The country’s industrial production […]

DAILY MARKET REVIEW – JUNE 26 2024

SUMMARY Spanish GDP increased by 2.5% year-on-year. Traders are eagerly awaiting the ECB statement. Stock analysts expect the Bank of England to start cutting interest rates at the August 2024 meeting. This would cause the GBP/USD to fall. US bond yields have fallen, so traders are holding long positions in USDJPY. Currently, the currency is […]

DAILY MARKET REVIEW – JUNE 25 2024

SUMMARY The LFO index of business confidence in Germany came in at 88.6 points, compared to the 89.4 expected. Spanish GDP is expected to grow by 2.4% year-on-year. Yesterday, the GBPUSD closed 0.34% higher, driven by a weaker dollar. Currently, the currency is up 0.09% at 1.2691. After almost reaching the 160 level, the Bank […]

DAILY MARKET REVIEW – JUNE 24 2024

SUMMARY The LFO index, which reflects business confidence in Germany, is expected to come in at 89.4, similar to the previous month’s figure and indicating a medium level of confidence. Net speculative positions in GBPUSD are expected to reach 52.1K contracts, indicating a predominance of long positions. Currently, GBP/USD is correcting -0.13% and trades at […]

DAILY MARKET REVIEW – JUNE 21 2024

SUMMARY The Swiss National Bank lowered interest rates by 25 basis points, surprising the market. Yesterday, the USDJPY rose +0.52%, managing to position itself near the 159 level. The currency is currently sideways at the 158.94 level. Traders are paying attention to the intervention of the Bank of Japan. Canada’s new home price index rose […]

DAILY MARKET REVIEW – JUNE 20 2024

SUMMARY The market expects the Swiss National Bank to keep interest rates stable at 1.50% per annum. Sixth consecutive day of positive closing in the USDJPY, reflecting the continuation of the uptrend, despite the Bank of Japan’s attempts to correct the currency. Canada’s new home price index is expected to rise to +0.2% on a […]

DAILY MARKET REVIEW – JUNE 19 2024

SUMMARY Eurozone CPI came in at 2.6%, meeting market expectations. The ZEW index of investor confidence in the economic bloc came in at 51.3, beating the forecast of 47.8, indicating optimism for the economy. Japan’s trade balance came in at -0.62B, versus -0.61T expected by the market. Exports increased by +13.5% in the country, against […]

DAILY MARKET REVIEW – JUNE 18 2024

SUMMARY The ECB’s statements were received favorably by the market. At this time, EURUSD is up +0.31% and is trading at 1.0735. Japan’s trade balance is expected at -0.64 trillion. Exports in the country are expected to increase +10.4% annually. Traders are watching the minutes of the Bank of Japan’s monetary policy meeting. New housing […]

DAILY MARKET REVIEW – JUNE 17 2024

SUMMARY Traders start the week focused on the statements of Christine Lagarde as president of the ECB. After reaching a price of 158.26, the Bank of Japan’s intervention in the currency market was presented again. Traders are watching the number of new housing starts in Canada, which is expected at 247K. On the other hand, […]