Image Image Image Image Image Image Image Image Image Image
Scroll to top

Top

Daily Market Review – 7/07/16

FX pairs continue to be put to the test. The GBP The GBP The GBP is the official currency of the United Kingdom. The GBP is a major currency and currently ra... More is the official currency of the United Kingdom. The GBP is a major currency and currently ra... More and EUR The EUR The EUR is the official currency of the European Union. Presently 19 out of the 28 collective  nati... More is the official currency of the European Union. Presently 19 out of the 28 collective  nati... More remain on the weaker side of their ranges and are hovering near support When investors and traders use the term support When investors and traders use the term support When investors and traders use the term support, or support level, they are often speaking about a p... More , or support level, they are often speaking about a p... More , or support level, they are often speaking about a p... More levels. Ramifications from the Brexit have obviously opened a Pandora box of fears among investors. Not all the market sentiment is nervous solely because of the Brexit, but the outcome of the vote has seemingly flipped a switch that has brought upon a game of ‘what if’ that has put investors into a defensive stance.

Investors have taken down Indices globally, and included in the declines are major banks from Europe that need good share value in order to sustain the confidence of their clients and the public, the fact that banks such as Deutsche Bank are struggling has sparked concerns.

German Industrial Production data has already been released this morning and the results were negative. The U.K. will publish Manufacturing Production numbers soon. Today the U.S. has the ADP Non-Farm Employment Change numbers, weekly Unemployment Claims and Crude Oil Inventories.

Safe havens such as the Gold and JPY The official currency of Japan is the JPY The official currency of Japan is the JPY which is also knows as the Japanese Yen The official currency of Japan is the JPY which is also knows as the Japanese Yen The official currency of Japan is the JPY which is also knows as the Japanese Yen to investors and t... More to investors and t... More to investors and t... More which is also knows as the Japanese Yen to investors and t... More have continued to get stronger. While the U.S. stock markets did put in some slight gains, the gains were not superlative on Wednesday. Europe has continued to see some downward pressure and so have Asian Indices. Investors will likely start looking for a bottom and investigating good values. Confidence is the name of the game and the question is when will it emerge?

There are certainly many uncomfortable pressure points on the broad markets and Central Banks have been under heavy criticism, thus what needs to happen is for investors and traders to acknowledge business will continue and that international trade is not about to disappear. It has been a negative week for assets Can be stocks, commodities, indexes or Forex currency pairs. More in many respects, but investors may be eyeing potential reversals of value. The GBP has been pummeled the last few days, but has found some support in the past twelve hours. Short-term traders looking for potential reversals will need to gauge their technical The use of the term technical The use of the term technical The use of the term technical in trading usually refers to a variety of methods in which a trader or... More in trading usually refers to a variety of methods in which a trader or... More in trading usually refers to a variety of methods in which a trader or... More charts carefully and weigh their risk appetite.

Tomorrow the official Non-Farm Employment Change numbers will come from the U.S. and in typical fashion may provide a lightning rod. The Federal Reserve The Federal Reserve The Federal Reserve The Federal Reserve is the Central Bank of the United States of America and sets the monetary policy When used by traders and investors monetary policy When used by traders and investors monetary policy When used by traders and investors monetary policy usually refers to Central Bank policy concerning ... More usually refers to Central Bank policy concerning ... More usually refers to Central Bank policy concerning ... More ... More is the Central Bank of the United States of America and sets the monetary policy... More is the Central Bank of the United States of America and sets the monetary policy... More released it FOMC Meeting Minutes last night, but it held no surprises. The meeting was held before the outcome of the Brexit vote. The notes do show that even without the result of the Brexit vote known that the Fed The Federal Reserve is the Central Bank of the United States of America and sets the monetary policy... More was already quite cautious.

EUR/USD chart this morning approximately 7:00 GMT, 7 July 2016

EUR/ USD The USD The USD is the official currency of the United States of America. It is the largest reserve currency... More is the official currency of the United States of America. It is the largest reserve currency... More chart this morning approximately 7:00 GMT, 7 July 2016