Forex, Indices and Crypto updates
A pretty entertaining session, with plenty to talk about this Friday as we assessed the EUR/USD fallout of the ECB decision and looked ahead to today's US GDP release during the US session.
European session updates:
- Twitter down 18% in pre-market
- Trump hyping the GDP number
- S&P 500 sneaking back to juicy highs
- Ecuador president says Assange must eventually leave embassy
- Bitcoin now back up on the day. Chasing yesterday's overblown losses
- US GDP coming up later
- Euro drop resumes as bears make a fresh push
- Moody's: China's policy easing signals change in stance
- ECB survey of professional forecasters
- US dollar coiling for a pop. Which way?
- EUR/USD drops off resistance after ECB
- French Consumer Spending m/m: 0.1% v 0.6% expected and 0.9% previous
- USD/JPY post-BoJ bond buying announcement
- German Import Prices m/m: 0.5% v 0.3% expected and 1.6% previous
- The crypto carnage comments thread
- French Flash GDP q/q: 0.2% v 0.3% expected and 0.2% previous.
- USD/JPY moving as BoJ conducts special JGB buying operation
- Daily forex themes worth discussion
- Trade ideas thread, European Friday
- Upcoming data this European session
- ForexLive European Session Friday
Technical analysis highlights being the setups playing out on EUR/USD and the DXY. USD/JPY saw some European session action too, with the BoJ ensuring the dip buyers were rewarded.
Are expectations too high? Are they set up to fail? The market positioning chat is an interesting one, but we aren't going to know until the number later.
Looking at the resistance level on the SP500 index and how high the USD is headed into GDP, there are opportunities to play into the release if you're that way inclined.
Also don't forget crypto, with the ETF rejection news potentially overblown. Bitcoin is still doing it's thing and pinging back.
Well that's my first week wrapped up on ForexLive. Thanks to everyone for reading and keeping me honest in the comments section. I hope I've added some value to your trading. It's certainly been fun for me.
Best of probabilities to you!
