Currency Market Analysis

Global Themes

EUREuro pared back some of the gains after FOMC meeting, due to some USD buying on concerns on no deal Brexit. Overall the currency is still within the 3 month range. EZ will release PMI data later today.JPYUSDJPY bounced slightly higher but still trading below the 200 and 100 DMA. The important risk event is now Brexit followed by US/China trade talks, but we can see since central banks around the world are on dovish mode, most governments do not want to see a flash crash.GBPAnother dramatic day for Pound trading, as it touched 1.3000 low but recouped some of the losses after EU agreed to a s

Read the full report