come september rate lift off odds 5050 says top fed reserve official 874682015
<p>After a busy end to last week, with the shock rate cut from the ECB on Thursday, the unexpected rise in GDP and the non-farm […]</p>
Share this:
After a busy end to last week, with the shock rate cut from the ECB on Thursday, the unexpected rise in GDP and the non-farm payrolls for the US, we see the USD gain momentum with large falls in EUR, GBP and AUD. A very quiet open in Asia with hardly any ranges at all, possibly due to the US bank holiday today, even though a majority of the markets are still trading today.
No data to look out for today and with a bank holiday in the US, it could stay quite like this for the rest of the day. This week the UK is much the main focus, with inflation data due out tomorrow and then the inflation report from Carney on Wednesday. More talk of forward guidance, with the market looking like it is pricing in a rate rise earlier than expected. These will be crucial data and comments to hear.
EUR/USD
Supports 1.3340 1.3295 1.3170 | Resistance 1.3400 1.3450 1.3500
USD/JPY
Supports 98.15 98.00 97.80 | Resistance 99.25 99.40 100.00
GBP/USD
Supports 1.5950 1.5905 1.5890 | Resistance 1.6060 1.6125 1.6170
Related tags:
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.