- MarketPulse - https://www.marketpulse.com -

Daily Markets Broadcast 2019-02-01

Daily Markets Broadcast

2019-02-01

Wall Street extends rally on trade hopes

While there was no concrete deal announced, the mood coming out of the two-day US-China was positive, with US President Trump announcing he will meet with China Xi “in the near future” to finalise details.

 

US30USD Weekly Chart

[1]

Source: OANDA fxTrade

 

DE30EUR Daily Chart

[2]

Source: OANDA fxTrade

  • It was a volatile session for the Germany30 index yesterday before closing slightly in the red. Despite the weaker close, the index recorded its first monthly advance in six months in January
  • The index remains confined between 100-day moving average resistance at 11,388 and 55-day moving average support at 11,026
  • Euro-zone consumer prices are expected to rise 1.4% y/y in January, according to the forecasts for today’s preliminary reading. That’s a slower pace than December’s +1.6%.

 

XAUUSD Daily Chart

[3]

Source: OANDA fxTrade

 

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Andrew Robinson

Andrew Robinson [6]

Senior Market Analyst at MarketPulse [7]
A seasoned professional with more than 30 years’ experience in foreign exchange, interest rates and commodities, Andrew Robinson is a senior market analyst with OANDA, responsible for providing timely and relevant market commentary and live market analysis throughout the Asia-Pacific region. Having previously worked in Europe, since moving to Singapore he worked with several leading institutions including Bloomberg, Saxo Capital Markets and Informa Global Markets, proving FX strategies based on a combination of technical and fundamental analysis as well as market flow information. Andrew began his career as an FX dealer with NatWest and the Royal Bank of Scotland in the UK.
Andrew Robinson

Latest posts by Andrew Robinson (see all [6])