What is Driving EURUSD

Italian Elections Fail to Produce a Majority The Italian elections over the weekend failed to provide any major catalyst for a directional move in the Euro despite a couple of key surprises. The two anti-establishment parties performed much better than was expected judged by the latest polling results heading into the elections. However, no par...

2018-03-23 James Harte Read more
Merkel_German elections_1505

The global news stations were busy over the weekend covering the biggest cyber-attack in the history, which affected more than 200,000 businesses across Asia, Europe, and the US, raised many questions and red flags about the exchanges securities. Such incident might not be over yet according to many reports, and such thing would be an opportuni...

2017-07-26 Nour Eldeen Al-Hammoury Read more
RBNZ_Forex_0805

The week will see a continuation of the key economic indicators from across the world. The week starts off with the French election results in the main backdrop, and the baton will be passed on to Germany which will be holding elections next. On the economic front, China will be reporting the monthly inflation figures on Wednesday while it will...

2017-05-08 John Benjamin Read more
Le Pen_Macron_FE Update_0405

Ahead of the final round of voting in the French presidential election, to be held on Sunday, May 7th, the two remaining candidates, Marine Le Pen and Emmanuel Macron, met for a final televised debate.  Around 20 million viewers, out of an electorate of nearly 47 million, were expected to watch the two and a half hour debate. Polls Had Macron...

2017-07-26 James Harte Read more
OPEC agrees to production cut

The month of April saw one the markets pass through some of the significant headwinds to political uncertainty. In the Eurozone, all eyes were on the French elections which saw the first round of voting qualifying the centrist candidate Emmanuel Macron and the far-right leaning candidate, Marine Le Pen. With the second round of voting due in a ...

2017-05-02 John Benjamin Read more
Macron_French Election

It's Monday, the 1st of May of 2017 and the second round of the French election is less than 6 days away, where such election might change the shape of Europe once and for all. Latest Public Polls Since the end of the 1st round of the election, Macron has been leading with more than 60% of the public polls, while Le Pen was short below 40%...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Le Pen_Macron_FE_Update_2704

Macron & Le Pen into Final Round Following the results of the first round of voting which saw centrist Candidate Macron taking the lead with 23.8% of votes and far-right candidate Le Pen coming in second at 21.3%, the far-right leader took markets by surprise by announcing her temporary stepping down from her role as president of the Nation...

2017-04-27 James Harte Read more
Bourse_equities_CAC40

Since the Q4 of last year until today, we haven’t seen a reasonable retracement in global equities, especially in the US equities. For the past few weeks, S&P500 and DowJones had a slight retracement to the downside, which did not exceed 3%. This was right before the French election, which was considered as the riskiest event of last week....

2017-07-26 Nour Eldeen Al-Hammoury Read more
Gold

As noted in our previous report last week, we warned that Gold and Silver are very close to sparking a correction to the downside, after few weeks of significant gains. Gold and Silver posted a new high for this year, reaching the highest level since October of last year, and tested major resistance areas, which showed some selling pressure ahe...

2017-07-26 Nour Eldeen Al-Hammoury Read more
COT report_Sterling_ECB

This data references the period ending Tuesday, 18th April. EURUSD Non-Commercials increased their net short positions in the Euro last week selling a further 2.6k contracts to take the total position to -22k. The resumption of selling in the Euro largely reflects elevated investor uncertainty ahead of the first round of voting in the Fre...

2017-07-26 James Harte Read more