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

Positive risk on the front foot as the glass seems half full once more

Market Overview Appetite for risk has begun the new trading week with a zestful skip as sentiment seems to be looking more positive today. Despite record daily infections of COVID-19 in the US, and concerns over the trading relationship between the US and China, some good news on coronavirus treatment

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

USD turning into the main loser as US COVID infections weigh

Market Overview Wall Street bounced back yesterday to see risk appetite swing back to a more positive skew. There has been little to really drive this move, with surging mega-cap tech stocks certainly playing a role. However, it is also notable that the extended risk positive bias of assets are

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

A China fuelled rally runs out of steam as caution sets in once more

Market Overview It would appear that yesterday’s rally was drive just on the notion that China’s state run media encouraged its people to buy stocks to foster a “healthy bull run”. So perhaps it is of little surprise that a rally fuelled by hot air looks set for a retracement

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

China PMI lends a positive steer for markets with US on public holiday

Market Overview In isolation, the US economy adding +4.8m jobs (which is a record number) sounds incredible. However, this comes amidst the backdrop of employment levels still being around -15m jobs lower than it was back in February. This “positive” data came on a day where record numbers of COVID-19

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

Markets lack conviction ahead of crucial PMI and US jobs data

Market Overview Major forex and equity indices remain stuck on a see-saw of risk-on/risk-off as a lack of conviction has taken over in recent sessions. Depending upon how the wind blows, there is consideration of the bearish factors of second waves COVID-19 infections versus the more bullish positioning for continued

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

Risk sentiment slips back slightly as the dollar pares recent losses

Market Overview Major markets are giving mixed signals over the outlook for risk appetite. After threatening to turn corrective in the past week, Wall Street equities staged an impressive rally yesterday. However, with Treasury yields still struggling around one month lows, and the US dollar finding support (helped by impressive

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

Risk appetite remains cautious on growing second wave fears

Market Overview Risk aversion has taken more of a grip on major markets in recent sessions as a drip feed of negative newsflow surrounding second wave infection rates of COVID-19 has increased. Infection rates rising again in Japan, Australia and Germany are a concern, but alarming increases in the infection

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

A cautious start to the week with reinfection spikes weighing

Market Overview The surge of positivity that came with economies beginning to re-open is now being replaced with caution and doubt as infection rates are picking up. News that even as New York is set to further reduce its lockdown restrictions, infection rates in some US states are sharply picking

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

Market sentiment falters as China second wave story develops, BoE eyed

Market Overview The exuberance of an attempted renewal of the risk rally has begun to peter out as a second wave of COVID-19 infections is yet to be contained. Newsflow surrounding additional measures put in place for Beijing to try and counter an emerging second wave of infections is beginning

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

Mild positive risk bias tempered by the threat of a China second wave

Market Overview The risk recovery is once more approaching an intriguing crossroads. The bullish forces of ever greater stimulus from central banks (this week the Fed and BoJ have expanded their range of support) are being met by the bearish threat of second wave COVID-19 infections in Beijing. Wall Street

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Daily Morning Forex Reports & Trading Analysis
Richard Perry

Risk rally falters on COVID fears and profit-taking after the Fed caution

Market Overview There has been a mixed read through from the Federal Reserve monetary policy decision yesterday. The FOMC is still accommodative but remains cautious in its outlook for recovery. Looser monetary policy for longer will ultimately support markets and underpin the risk recovery, with rates not rising until at

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