Trading Analytix - Day Ahead in Trading

Blake Morrow discusses the quick move lower in the XXXJPY pairs in European trade, the recovery in the EURUSD and the selloff in Bitcoin. Blake also mentioned the USDMXN and how it is nearing key support. 

Blake Morrow talks about the SNB surprise cut, the Norges CB hawkish hold and the head scratching BOE decision. Blake also talks about Crude oil and what it could mean for asset prices and warns the S&P500 may be in a rising wedge and is reacting to the weekly jobless claims and Phily Fed data today. 

Blake Morrow updates you on the market for the US holiday, Juneteenth. There are 3 upcoming central banks, the BOE, SNB and Norges CB. Also, the UK CPI came in as expected which may keep the GBPUSD below 1.2750 ahead of the BOE. Blake also discusses the USDJPY and the 10yr notes market, and the price action in the USDZAR during thin liquidity. 

Blake Morrow covers the price action following the weaker than expected retail sales data. He warns traders to be careful chasing "risk" higher as the consumer is showing signs of weakness. He covers some of the key levels in FX to watch today, gold, silver and the SPX. 

Blake Morrow discusses the central banks he's focused on this week with the RBA, SNB, Norges and BOE. He discussed the key levels in the AUDUSD and GBPUSD this week. And mentions why K-Man thinks the SNB could cut rates this week. He also talks about copper and Bitcoin as well. 

Market moves were quite volatile overnight and Blake Morrow discusses the massive move lower in global yields, the key reversal in the USDJPY, the breakdown in the EURUSD and CAD40 markets (completed double top as discussed earlier this week). USDMXN is back above 18.50 and Bitcoin still holds 66K for now.  Headline risks are abound today. 

Blake Morrow covers the weak PPI and unemployment claims and discusses the neck braking moves we have seen in FX the last 24 hours and covers some of the key levels he's looking at. Specifically the USDJPY with the BOJ upcoming in less than 24 hours, and what levels he's looking at in USDMXN, Bitcoin and DAX.

Weaker CPI has sent the US Dollar lower quite aggressively ahead of the FOMC. Blake discusses some of the key levels and positioning ahead of the Fed and where the US dollar could go alongside stocks. Blake also talks key levels in gold and silver as well. 

Blake Morrow discusses some of the FOREX moves overnight with the EURUSD trading back towards the 1.0730 lows, and where the important support is. He thinks there could be some short covering ahead of the FOMC today. UK jobs wage data was sticky and that kept the EURGBP moving lower. Blake talks key level in precious metals and Bitcoin as well. 

Blake Morrow gets you caught up in the markets as the EUR has sold off following the European Parliamentary elections over the weekend. He helps you identify key support this week ahead of CPI and FOMC in the USA. Also, he discusses the double top in the CAC 40. He also talks about the GBPUSD and AUDUSD ahead of jobs data this week in their respective countries, and the key resistance of the USDMX...

Following the strong NFP, Blake discusses the instant reaction in the Forex and stock market and what key levels traders should be focused on. He believes the market came in very short USD's into the data, so the US dollar should stay bid through the session, but also thinks the US equity market may recover. US yields are rebounding on the strong NFP as traders reprice rate cut expectations. 

Blake Morrow of Forex Analytix talks about the ECB rate decision as the market was pricing this in, so the EURUSD rallied back to the 1.0900 level following the announcement. Weekly unemployment claims worse than expected as traders look towards the NFP tomorrow. Blake highlights some of the key levels in the EURMXN and EURCHF as the market looks towards the ECB press conference. 

Blake discusses the Bank of Canada rate decision upcoming and what are the key levels to be watching in the USDCAD for the day. Also, he discussed the key levels to watch in the EURUSD, GBPUSD, AUDUSD and NZDUSD. USDJPY recovery has been strong, and should not be surprising based on the rising channel that has formed. The 10yr notes breakout should keep downside pressure on the US Dollar. 

Blake talks about the MXNJPY and why we have seen big moves in the "carry trade" space in recent sessions and where the USDMXN may be attractive for fresh longs or buyers near term. Blake also discusses the EURUSD move from above 1.0900 and the Swiss CPI overnight which may present opportunities for EURCHF and CHFJPY longer term. 

Blake talks about the events coming up today and this week. Today he discussed the USDMXN breakout higher, Mexican elections, EURUSD range, USDCAD ahead of the Bank of Canada this week and the Nifty50 and Indian elections. Also he talks about the key support in S&P500.