In today's #marketinsights video recording I analyse EURUSD, USDJPY and GBPUSD
#Euro down on:
- Disappointing German Manufacturing PMI (actual 41.4 vs expected 44.1 vs previous 43.5)
- ECB could have made a mistake talking somewhat 'neutral'
- Draghi's speech hinted to high uncertainty, decision-making harder and harder
#Yen down on:
- Disappointing Japanese Manufacturing PMI (actual 48.9 vs expected 49.8 vs previous 49.3)
- Potential stimulus measures
- Potential US-Iran deal
#Dollar up on:
- Trade talk optimism
- Markit Manufacturing PMI (actual 51 vs expected 50.4 vs previous 50.3)
#Pound down on:
- Thomas cook sentiment
- Parliament prorogation sentiment
- Barnier's pessimistic comments
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
#Euro down on:
- Disappointing German Manufacturing PMI (actual 41.4 vs expected 44.1 vs previous 43.5)
- ECB could have made a mistake talking somewhat 'neutral'
- Draghi's speech hinted to high uncertainty, decision-making harder and harder
#Yen down on:
- Disappointing Japanese Manufacturing PMI (actual 48.9 vs expected 49.8 vs previous 49.3)
- Potential stimulus measures
- Potential US-Iran deal
#Dollar up on:
- Trade talk optimism
- Markit Manufacturing PMI (actual 51 vs expected 50.4 vs previous 50.3)
#Pound down on:
- Thomas cook sentiment
- Parliament prorogation sentiment
- Barnier's pessimistic comments
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
