Weekly FX Update – 29 September 2017 (Video)

It’s been another very busy week in FX markets, starting with elections in Germany and New Zealand and followed by a huge amount of data releases and central bank policy maker appearances.

With central banks becoming far more active once again as the Federal Reserve, ECB, Bank of England and Bank of Canada all begin either tightening monetary policy or removing stimulus, officials are in demand and their comments are ensuring markets remain volatile. With geopolitical risk lingering in the background and US President Donald Trump unveiling his long-awaited tax reforms, there’s plenty to talk about.

Next week is unlikely to be any quieter, with numerous central bankers due to appear once again including Fed Chair Janet Yellen. The Catalonia (illegal) independence referendum over the weekend should provide an early talking point with investors already a little cautious on Spain’s IBEX ahead of the vote. There’ll also be plenty more economic data including arguably the biggest selection of them all, the US jobs report on Friday.

Senior Market Analyst Craig Erlam discusses all of this and more, and also gives his analysis on EURUSD (11:47), GBPUSD (13:24), EURGBP (14:46), AUDUSD (15:39), USDCAD (16:50), NZDUSD (18:10), GBPCAD (19:41), USDJPY (20:23), GBPJPY (23:17) and EURJPY (24:40).

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.