Sterling adds more than 1% for past 24h in hopes of progress in May’s negotiations with the EU. The optimism of the stock markets became a little more cautious.

🗓 Important upcoming events and publications for February 20 (GMT):

🇬🇧 11:00 U.K. CBI Industrial Order Expectations can revive the quiet #GBP trading in the middle of the day, as it is able to attract the market participants attention to the business community fears due to uncertainty around Brexit.

🇪🇺 15:00 Eurozone consumer confidence index declined sharply at the end of last year and reflected the prevalence of pessimism in January. A preliminary estimate for February is expected to mark a slight improvement. Sudden indicator drop can harm the #EUR recovery.

🇺🇸 19:00 U.S. FOMC January Meeting Minutes draw the attention of market participants to the official rhetoric softening. At the end of last month, hints at further rate hikes were removed from the official commentary. If this time the Fed's tone proves to be more cautious than the markets expect, it may cause #USD decline.

Visit https://fxpro.news/economic-calendar/ for more details

Yesterday the British pound crossed the threshold 1.30 after a sharp jump by more than 1.2%, continue its growth since Friday. The British pound growth is fuelled by hopes that May will be able to agree on the terms of a deal with the EU.

Exchange rate fluctuations and constant uncertainty clearly harm the economy, and its negative impact increasing as time passed. Under these conditions, pound growth is more looks like a bluff in poker.

Read more

Wave Analysis: Copper is expected to rise further and re-test the next resistance level 295.00
Read more

Wave Analysis: NZDCHF is expected to fall further and re-test the next support level 0.6800
Read more

The dollar is virtually unchanged to most competitors except AUD. Stock markets maintain moderate optimism

🗓 Important upcoming events and publications for February 21 (GMT):

🇪🇺 08:15-09:00 Preliminary PMI for the eurozone in recent months has had a negative impact on the #EUR, causing market participants frustration after weak releases. For the first time in six months, market analysts expect improvements, which is able to inspire euro buying.

🇺🇸 13:30 U.S. Durable goods orders is a leading indicator of production trends and investment activity. It is expected the second consecutive month of growth of the overall figure by 0.8%. Stronger growth can support stock markets demand and cause some #USD growth.

🇨🇦 17:50 BOC Governor Stephen Poloz Speaks (the text of the speech will be published 15 minutes earlier) at the Chamber of Commerce and Industry of Montreal and he will probably focus on Canada's economic performance. Optimistic economic assessments can support #CAD.

Visit https://fxpro.news/economic-calendar/ for more details

Why trade wars end is good news for the dollar
Global markets demand for risky assets persists due to hopes for trade negotiations progress and confirmation of the Fed’s soft position.

However, trade negotiations success can boost economic growth, inflation, and, as a result, force the Fed to return to a tougher rhetoric.
Read more

Wave Analysis: GBPAUD is expected to rise further and re-test the next resistance level 1.8530
Read more

Wave Analysis: Wheat is expected to rise further and re-test the next round resistance level 500.00
Read more

Markets are under pressure on fears about the American economy deteriorating. Major currencies are treading water for the 3rd day in a row

The U.S. economy cooling as an incentive for trade negotiations

Weak U.S. data cooling markets
Trump chose not a good time for trade disputes, as the economy cyclical slowdown after 10 years of growth and tax incentives worsen trading conditions.

The United States economic statistics published on Thursday disappointed market participants, causing a decline in major stock US indices by 0.4%.

Read more

🗓 Important upcoming events and publications for February 22 (GMT):

🇺🇸 13:15 series of speeches from FOMC members begins. In the next 9 hours, we will hear the statements of 9 Fed representatives, including answers to questions on the monetary policy report. It is necessary to be careful with the dollar and stock markets, as sharp movements are not excluded.

🇪🇺 16:15 ECB President Mario Draghi will make a statement on the appointment him the honorary title of professor at the University of Bologna. However, the attention of investors will be focused on forecasts for the economy and monetary policy.


Visit https://fxpro.news/economic-calendar/ for more details

Bitcoin is getting closer to the $4K threshold, but the growth momentum at the beginning of the week has faded away. However, given the weak dynamics of recent months, even this looks like good news, since we managed to avoid correction after the rally.

Crypto market accumulates positive
The stablecoins race continues: the Japanese banking holding Mizuho Financial Group launches its token J-Coin

DataLight found that the Bitcoin trading volumes increased to the levels of April 2018, and the daily volume of transactions reached the levels of January 2018.

In the meantime, it remains to enjoy some positive lull, and certainly, market participants are waiting for a new weekend, since the last 2 times the market has shown a rally

Read more

The real rally in the Chinese market! Since Friday morning it jumps by 6%. Commodity currencies are growing to USD. But Crude Oil and Gold are in no rush.

US-China trade talks: deadline postponed

China’s blue-chip index jumped more than 6% on Monday morning on news that Trump would postpone of the tariff’s introduction. The U.S. President at the weekend noted “significant progress” in trade negotiations, announcing an intention not to raise tariffs after March 1, deescalating market tensions about the deadline.

Not so good news for US stocks and Dollar

The last few weeks, after positive feedback on the negotiations, the dollar has been falling from local highs. This trend development can reduce the currency by another 0.7% -0.8%, returning the dollar index to the 200-day moving average and to the support line passing through local lows since September last year. This dynamic opens up possibilities for the EURUSD return to the area above 1.1450 and the next testing of the 1.15 mark.

Read more

Oil lost 2.5% in the last two hours after Trump's next attempt to push oil down in his Twitter. But is fine news for the stocks. It is 2nd attempt over 48 hours to help the stocks.

One more Trump’s campaign to raise the market's cap?

Stock indices are undergoing a significant correction led by China and Crude Oil. Hungover in the markets after a dizzying rally

China's blue-chip index A50 loses 1.7% on Tuesday after spiking by 7.8% during trading on Friday and Monday to its highs from May 2018. According to Fibonacci theory, the corrective pullback can quickly take away from the index another 1% to 12350 against 12470 at the moment. A deeper correction may return the index to past week consolidation area, that is, completely offset the previous two days growth.