Forex Consulting

ECB to finish QE by end of 2018 says latest poll

Another Reuters poll just published 19 Jan – 90% of 70 respondents see QE over by year-end – ECB should finish QE by end Sept say 80% – 20% say QE should finish much earlier Judging by recent ECB comments I don’t see it happening anytime soon as caution prevails even if they should. Copyright…

Forex Consulting

Canada November manufacturing sales +3.4% vs +2.0% expected

Canadian November manufacturing sales numbers – was -0.4% (revised to -0.6%) – Sales ex-autos +1.9% vs +0.3% prior – New orders -1.8% vs +5.2% prior – Unfilled orders -0.9% vs +2.4% prior That’s back-to-back strong months for the Canadian manufacturing sector but the dip in new orders is a small concern. Overall, this isn’t usually…

Forex Consulting

Pound continues to drift lower after post-data spike

Pound losing ground as the session unfolds 19 Jan Was that GBPUSD spike to 1.3945 from 1.3910 retail sales data-low the last hurrah for the pair with barrier option interest at 1.4000 lurking behind it? Too early to say but we’ve now fallen back through decent demand at 1.3900  Next line of support/bids into 1.3880…

Forex Consulting

What’s driving cable these days?

Cable just went for a see-saw ride after the UK retail sales data for December was released earlier So, we saw cable fall on the release of the to a low of 1.3905 followed by a spike to fresh highs of 1.3945 – not seen since the Brexit vote. And now, it’s back down to…

Forex Consulting

Oil – sharp fall in price, big volume

The oil price (spot CL)  has dropped sharply on a spike in volume Wires not carrying any specific news — ps. I have a somewhat weird indicator of what the weak hands are holding …. and they are long oil. Just a heads up. there should be more to come for this price weakness. Copyright…