Trading Analytix - Day Ahead in Trading

Blake Morrow talks about the stronger than expected m/m CPI print today and how it has allowed the USD to rally to key resistance against many pairs. Gold has slumped back to 2500 and crude oil is trying to create a false breakdown today. 

Blake Morrow discusses the price action following the UK jobs data and the key support in the EURUSD which is coming up quick. Also, Blake discusses the comments on the FACE show from Jamie over at Reuters and what that means for the FOMC next week. Trump/Harris debate tonight could be a market mover as well. 

Blake Morrow talks about the market reaction to the somewhat mixed jobs report today and mentioned some of the key levels the US major pairs are at. Also, he discusses the move in yields following the data. 

Blake Morrow talks about the weak JOLTS data yesterday, and weak ADP release, alongside the Beige Book yesterday and how the market is pricing in 50bps of cuts on the 18th regardless of tomorrow's NFP and CPI next week. Blake asks the "what if'" questions. 

Blake Morrow of Forex Analytix discusses the US Dollar's consolidation today ahead of the key data coming on Thursday and Friday. Today's Bank of Canada decision could drive the USDCAD towards the 200dma or 1.3590 or back below the 1.3500 level depending on the statement and presser later today. Also, Blake discusses the key levels in SPX and the move in the USDMXN. 

Blake Morrow discusses the USD continued bounce ahead of ISDM today, and covers the key levels in GBPUSD, EURUSD, AUDUSD and NZDUSD as well. Plus talks about the weakness in copper and crude oil. Talks about the support level coming in gold. 

Blake Morrow talks about the market reaction following the PCE and Canadian GDP data ahead of the long Labor Day weekend. The USD is firming up and pushing some pairs to key levels, but with a long weekend traders need to be extra careful today. 

Blake Morrow discusses the EURUSD slump below 1.1100 and how the GBPUSD, AUDUSD and NZDUSD have pulled back to breakout points. The USDJPY is well above 145.00 with yields moving and could allow for further XXXJPY moves higher. 

Blake Morrow discusses the moves in the EUR and the EUR crosses today as corporate month end (value date as Kman may put it) may be influencing moves today until London fixing time, then lack of liquidity in summer months could move as month end flows dominate the FX market. NVDA earnings after the close will be in focus today. 

Blake Morrow discusses the EURUSD sliding back to the 1.1150 support, but the GBPUSD hitting a new trend high. NZDUSD remains very well bid as the USDJPY rejects the 145.00 level. EURCHF is sliding below a key Fibonacci level as investors may be looking for safe havens like the CHF near term. 

Blake Morrow discusses the bounce in the USD but notes that the GBPUSD is holding the bullish breakout and the USDCAD is trading below the 1.3500 level and very heavy. It is a UK holiday so trading has been fairly subdued, but says that the economic data the rest of the week may drive prices. 

Blake Morrow discusses where EURUSD, GBPUSD, AUDUSD, USDCAD, SPX is trading at ahead of Powell's Jackson Hole speech, and notes that things can dramatically change by the end of the day. But also discusses how the equity markets are very close to ATH's.

Blake Morrow talks about the consolidation in the FX market ahead of Powell's speech tomorrow, the weaker EZ PMI's and the standout "stronger" UK PMI's. Blake also talks USDMXN and the broad-based MXN weakness. 

Blake Morrow discusses the US Dollar's weakness into the BLS revision today, and how there are some currencies bucking that trend. he also describes what the market is looking for and what may happen poste release. He also discusses the CHF and how the situation in the Middle East is evolving. 

Blake Morrow discusses the continued USD weakness as the EURUSD rallies towards the 1.1100 level. He also talks about CAD weakness following CPI and the reaction to the data. Blake discusses the possible large revision of US jobs by the BLS and how that may be weighing on the US Dollar ahead of Friday. 

Blake Morrow of Forex Analytix discusses the massive move in USDJPY on Monday and what key levels to be looking at this week. He also covers the EURUSD, GBPUSD and USDCAD ahead of CPI tomorrow. he also mentioned the levels to watch in gold this week. 

Blake Morrow updates you on the move lower in the US Dollar today, and the move higher in JPY and CHF in response to the softness in equity markets as we near the end of the week. Blake highlights some of the geopolitical risks into the weekend. Also, he notes the SPX may have just completed a strong bear market rally. 

Blake Morrow discusses the major reaction in the markets following the strong weekly unemployment claims, and retail sales data. The USDJPY raced to key resistance and the USD index rallied off support. The outsized moves are probably due to poor positioning Blake believes. 

Blake Morrow updates you following the CPI data, and this has allowed for a whippy price action in FX, but the EURUSD is maintaining it's breakout above the 1.1000 level. RBNZ cut rates keeping downside pressure on NZD, and the SPX is firmly above the 5400 level as we are nearing the 5470 key resistance. 

Blake Morrow of Forex Analytix discusses the instant market reaction to the weaker than expected PPI release moments ago. EURUSD is nearing 1.0950 and equity markets are enjoying the disinflationary data. Also, Israel and Iran may enter talks which is giving the market a near term boost as well. 

Blake Morrow updates you on the markets to kick off the week as there were no major geopolitical headlines moving the market this weekend allowing for a continued recovery in risk. Blake discusses the GBPUSD ahead of key data this week, USDJPY and Crude Oil. 

Blake Morrow discusses the Canadian jobs numbers today and how it effected the CAD currency and why we didn't get a breakdown following the headline miss. Blake also discusses the JPY, SPX and weekend geopolitical risks. 

Blake Morrow discusses the better weekly jobless claims which is helping risk recover, but overall a consolidative trading session in European trade thus far. The US dollar is recovering following the data but Blake suggests the end of the week you may be getting traders paring back on risk ahead of the weekend. 

Blake Morrow of Forex Analytix covers the USDJPY as it near resistance following some comments from the BOJ, the gold market and the rally in crude oil and it's technical development. Blake discusses where the SPX is at and where it may go in the days ahead in trade. 

Blake Morrow covers his views on the USDJPY and critical upside resistance that the bears need to hold. The EURUSD, AUDUSD and GBPUSD too. Blake discusses the SPX and Silver moves as well.