Weekly FX Chart Round-Up – 24th June 2019

Posted: 24th June 2019

Here is Signal Centre’s video round-up on the major FX markets for the week ahead. Ian Coleman runs you through how we will be setting up our trade ideas and trading signals this week.

Trade ideas – Week commencing 24th June 2019

Market highlights

According to reports, ECB President Draghi stated that signs of weakness in the Euro-zone economy were increasing and that in the absence of a sustained return to the bank’s inflation target, further stimulus would be required. The Euro was, however, protected by relative trends as confidence in the US outlook deteriorated further.

Fed Vice-Chair Clarida stated that there was broad agreement that the case for a looser monetary policy has increased and that trends overseas might affect the US outlook while the central bank will act appropriately to sustain the expansion.

Bank of England Governor Carney rejected claims from Conservative Party leadership candidate Johnson that the UK could avoid EU tariffs in the event of a ‘no-deal’ Brexit. Given that Johnson remains a strong favourite to win the contest, Sterling sentiment remained fragile amid underlying political uncertainty, although the media focussed more on personal issues.

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