Eurozone August economic confidence 111.9 vs 111.3 expected

Better than expected reading, here’s the breakdown Prior revised from 111.2 to 111.3 Industrial confidence 5.1 vs 4.7 expected Services confidence 14.9 vs 13.9 expected Consumer confidence -1.5 vs -1.5 expected The economic confidence reading hit the highest level in 10 years.Diving further into details the economic sentiment for Germany actually fell from 112.5 to […]

UK July M4 money supply m/m 0.5% vs -0.2% prior

Details on July mortgage approvals and new credit issued to consumers below as well July M4 money supply y/y 4.4% vs 5.3% prior July mortgage approvals 68.7k vs 65.5k expected July net lending to individuals 3.6b vs 3.8b expected The data are mostly in line with what is expected. Increase is money supply can be […]

EURGBP orders 30 Aug — Month-end time again to throw in the mix

Currently 0.9300 just off session highs as euro demand continues A good retreat from yesterday’s highs means better buying/re-buying opportunities Usual month-end demand in play. Don’t forget it doesn’t necessarily mean EURGBP goes roaring higher. It can also just help soak up some supply. 0.9270 a good line in the sand now on the topside Offers: […]

Did the US Dollar Just Bottom? Bullish Vs. EUR, GBP, JPY

Join Paul live for charts and trade set-ups each week, see the Webinar Calendar for details. The US dollar put in a strong reversal yesterday against its major counterparts, and with the US Dollar Index (DXY) having turned sharply higher from near the very low-end of a long-term support zone (started in ’98) it’s quite […]

Trading plan for August 30, 2017

Trading plan for August 30, 2017 The general picture: The fall of the dollar is suspended. News in the US, the decision of the ECB is approaching, North Korea. The situation on the market is very much confused. The trend against the dollar was met with strong resistance. The growth of EUR/USD reached its first […]

Forex option contract expiries for today 30 Aug

Here’s today’s notable expiries for the 14.00 GMT cut 30 Aug EURUSD: Nothing of note USDJPY: 109.00 (565m) 109.50 (825m) 110.00 (360m) GBPUSD:  1.2900 (GBP 225m) USDCAD:  1.2450 (USD 1.1bln) Coming up Friday 1 Sept: EURUSD 1.1870 (EUR 1.0bln) 1.1930 (1.4bln) 1.2000 (1.4bln) Remember that these are «vanilla» options so still in play right up to expiry at 14.00 GMT even […]