CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Category: Daily Morning Forex Reports & Trading Analysis

Daily Morning Forex Reports & Trading Analysis
Richard Perry

USD rally accelerating with key moves on forex as gold breaks lower

Market Overview A recovery on the US dollar is gathering momentum. With traders increasingly concerned about second wave COVID infection rates rising across Europe and trends also turning higher for the US, there is a shift into the dollar. Throughout the summer months the perception was that the US was

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

USD strength in recovery grows as risk appetite turns increasingly sour

Market Overview There has been a dramatic shift in sentiment early this week as risk appetite has taken a huge step back. Markets are reacting to the perception that Europe is having to deal with significant second wave COVID infections with renewed restrictions. This comes at a time where Congress

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

USD sliding once more as equities come under mounting selling pressure

Market Overview There is a slight but growing pressure that the dollar seems to be coming under early this week. Underperforming across the major currencies, the Dollar Index is ticking lower and is threatening the initial support around 92.70. A breach would be a two week low for the dollar

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

Near term dollar rally kicks in as the Fed misses the high bar

Market Overview In the wake of Fed chair Powell’s speech at Jackson Hole, markets have had a few weeks to position for a new dovish paradigm of FOMC monetary policy. As part of its new average inflation targeting policy, yesterday the Fed statement says that it will “aim to achieve

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

Forex markets prepare for a momentous shift in FOMC monetary policy

Market Overview Major markets are settling in for a key announcement from the Federal Reserve today. After last week’s rebound (some of which driven by risk-off trading), the dollar has been gradually weakening again in recent sessions. The perception is that the FOMC will take on board the sentiment from

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

Growing risk appetite fuelled by positive China data hitting USD once more

Market Overview Renewed positive risk appetite is hitting the dollar early this week. Positive newsflow of COVID vaccinations from AstraZeneca and Pfizer have helped to boost sentiment. The dollar is still perceived as a safe haven and as such is coming under pressure once more. This mood has been bolstered

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

Improvement in risk as AstraZeneca COVID trials resume can it drive sustainable market direction?

Market Overview The dollar has started the new trading week slightly on the backfoot, with a slightly improved appetite for risk forming this morning. After causing a stir last week on a pause in its vaccination trials, the AstraZeneca/Oxford University collaboration for a COVID vaccine has resumed. Although there has

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

Markets react to a US tech rebound, with ECB policy meeting in focus

Market Overview The wild ride on Wall Street continued yesterday as the beaten down tech sector found support for a rebound. The question will now be how sustainable is this support and whether the recent sell-off is over. The impact on broader sentiment has been significant too. A dollar rally

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

USD positive bias as GBP suffers on Brexit trade negotiations no deal risk

Market Overview The near term dollar rally has been boosted again in the wake of Friday’s Nonfarm Payrolls report which roundly encouraged and drove a decisive reaction on bond markets. A yield curve “bear steepener” (where longer dated yields rise faster than shorter dated yields) tends to be dollar supportive

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

Near term USD rebound continues as ECB worries over EUR strength

Market Overview The near term recovery on the dollar continues for a third session, in a move which is impacting across major forex and precious metals. Dovish steers from FOMC members in recent days have played into this, as has a rather downbeat assessment of the US economic recovery from

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