Today I did my analysis very late in the Asia session as i have no positions to maintain, and was not intend to enter anything prior to tomorrow’s NFP.
Of course, the biggest movement was the 10% drop in GBP during Asia session without any explanation. Honestly, I don’t know why and we should be able to find out later tomorrow.
Anyhow, always remember that anything can happen and will happen in the market, so protect yourself is always the number one priority.
ok let’s get into our fundamental analysis.
We had a very light economic datas for Thursday, really no tier one datas that are worth for us to see.
WTI has successfully broken above $50 and closed above, it is a very good sign for oil market and supported for CAD.
Sentimentally, we had mixed and negative equity markets with risk off sentiment.
No major news for AUD & NZD.
BOJ Kuroda called for prompt solution to Europe’s banking woes and also dispelled view monetary policy has reached limits.
BOC said that uncertainty of oil price and slack of economic growth continue to weight on Canada.
that’s really what we had for the news, and now let’s take a look at the technical charts.
Technically, EURO lost strength against most currencies except GBP and NZD, overall still suffered from the negative sentiment of GBP.
As mentioned, GBP has large drop of 10% and quickly gained it back, all happened in Asia session. It is very bearish in the chart for long-term perspective.
CHF also had a down day with the current risk off sentiment, it might be intervened by SNB again.
USD has gained strength ahead of NFP as market is expecting a very positive number.
AUD gained a big strength back while NZD still in a negative zone.
JPY also gained strength back and benefited from safe heaven sentiment for now.
Today I did my analysis very late in the Asia session as i have no positions to maintain, and was not intend to enter anything prior to tomorrow’s NFP.
Of course, the biggest movement was the 10% drop in GBP during Asia session without any explanation. Honestly, I don’t know why and we should be able to find out later tomorrow.
Anyhow, always remember that anything can happen and will happen in the market, so protect yourself is always the number one priority.
ok let’s get into our fundamental analysis.
We had a very light economic datas for Thursday, really no tier one datas that are worth for us to see.
WTI has successfully broken above $50 and closed above, it is a very good sign for oil market and supported for CAD.
Sentimentally, we had mixed and negative equity markets with risk off sentiment.
No major news for AUD & NZD.
BOJ Kuroda called for prompt solution to Europe’s banking woes and also dispelled view monetary policy has reached limits.
BOC said that uncertainty of oil price and slack of economic growth continue to weight on Canada.
that’s really what we had for the news, and now let’s take a look at the technical charts.
Technically, EURO lost strength against most currencies except GBP and NZD, overall still suffered from the negative sentiment of GBP.
As mentioned, GBP has large drop of 10% and quickly gained it back, all happened in Asia session. It is very bearish in the chart for long-term perspective.
CHF also had a down day with the current risk off sentiment, it might be intervened by SNB again.
USD has gained strength ahead of NFP as market is expecting a very positive number.
AUD gained a big strength back while NZD still in a negative zone.
JPY also gained strength back and benefited from safe heaven sentiment for now.