USD: The Fed is not concerned about the inflation due to the ease of some of the risks that existed (BREXIT, CHINA – US trade negotiations). Moreover, Fed remains satisfied with the economic activity and labour market. As a result, during the press conference Powell came to the conclusion that there were no strong indicators for “moving in either direction" at present. Today, US Labour report, Nonfarm Payrolls expected at 185k with previous at 196k.

Source: Bloomberg - Commerzbank


EUR - should tend to appreciate through 2019 due to interest rate hike cycle in US end. Moreover, ECB will continue to reinvest bonds for a long time after the end of net purchases.

GBP-  the uncertainty will remain high for a long time through the Brexit scenario. The BOE now sees inflation at 1.6% below the 2% target.

Source: Bloomberg - Commerzbank


Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Capital is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media.

Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.


Christos Nikolaou

View Profile

Subscribe to receive our articles, technical analysis and info on our upcoming events