Action Insight
Euro Dives as Markets Over-interpreted ECB Message; Brexit Request Formally Submitted
Euro drops sharply today, taking over Sterling as the weakest major currency for the week. The selloff in the common currency is triggered by reports that the markets have over-interpreted ECB's messa...
Trade Ideas
Trade Idea Update: GBP/USD - Sell at 1.2500
As cable has dropped sharply since yesterday, suggesting top has been formed at 1.2616 and the selloff from there is likely to bring retracement of recent upmove, hence further weakness to 1.2360-6...
Trade Idea Update: USD/JPY - Hold short entered at 111.20
Although dollar staged a strong rebound after holding above support at 110.11, as this move is still viewed as retracement of recent decline, reckon upside would be limited to 111.30-35 and bring r...
Technical Outlook
EUR/USD Mid-Day Outlook
EUR/USD's sharp fall and break of 1.0760 support today argues that rise from 1.0494 has completed at 1.0905 already. Meanwhile, the rise from 1.0339, a corrective move, is possibly finished too. Intra...
Options & Orders
European session: orders and options watch
EUR: The single currency dropped sharply since yesterday, bids at 1.0820, 1.0800 and 1.0780 were filled, however, buy orders are still noted at 1.0765-70, 1.0750 and 1.0700-10, buying interest is t...
Contributors
Brexit Countdown Starts; Time for GBP/USD to... Rally?
Sterling Erratic as EU Receives Brexit Notice
GBP/USD Holds Above Significant Support Post Scottish Referendum Shock
Trigger Article 50 and Be Done With It
Article 50 Ready To Be Delivered
GBP Sinks As May Prepares To Trigger Article 50
GBP Down But Not Out Ahead Of Article 50, As Trump Given Second Chance
Brexit Fears And Technical Weakness Could Spell Losses For The EUR
Economic Data
| GMT | Ccy | Events | Actual | Forecast | Previous | Revised |
|---|---|---|---|---|---|---|
| 23:50 | JPY | Retail Trade Y/Y Feb | 0.10% | 0.70% | 1.00% | |
| 6:00 | EUR | German Import Price Index M/M Feb | 0.70% | 0.40% | 0.90% | |
| 6:00 | CHF | UBS Consumption Indicator Feb | 1.5 | 1.43 | ||
| 8:30 | GBP | Mortgage Approvals Feb | 68.3k | 69.5k | 69.9k | 69.1k |
| 8:30 | GBP | M4 Money Supply M/M Feb | -0.30% | 0.50% | 0.90% | |
| 14:00 | USD | Pending Home Sales M/M Feb | 2.00% | -2.80% | ||
| 14:30 | USD | Crude Oil Inventories | 5.0M |
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