The forex markets shrugged off the Italian referendum and moved sharply higher after the initial sell off. Even the equity indices felt comfortable with the result and also traded higher for the day. Are we seeing the start if the Christmas rally? Only time will tell.
Month: December 2016
The Italian referendum was headline news and the resulting resignation of the Italian Prime Minister. The Austrians voted left which was a little bit of a surprise given the rights increasing support around the globe. Should be an interesting week!
It may not seem like it – but over the course of the week the USD actually sold off a little bit, a large part of that was on the back of its performance on Friday. The market eagerly awaited the NFP data on Friday, in my opinion it really did not make a difference […]
A very interesting day in store for Forex traders. We have the Non-Farm Payrolls out this afternoon and that could provide some fireworks if it is a weak number. There is also the Italian referendum happening this weekend and very little has been spoken about this. It is NOT an in-out of Europe vote but […]
A very strong day for the dollar against the commodity pairs. We saw a big blowout on the Aussie and the Kiwi but they found support at previous support areas. Forex traders will be watching for NFP numbers tomorrow and then the US interest rate decision next week.