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| Name | Political Shifts Driving EURUSD Volatility |
| Video Uploader | Video From ACY Securities |
| Upload Date | This Video Uploaded At 02-07-2024 08:03:01 |
| Video Discription | Despite positive PMIs for Europe and disappointing ones for the USA, the EUR/USD has seen significant movements. Initially, the EUR/USD opened on Monday with a gap, equivalent to a 200-point move from the weekend. The Euro strengthened against the US dollar, reaching a high of 1.0781 before experiencing a sharp drop. Analysing the fundamentals, it’s clear that European data is currently stronger than US data. For instance, the German, French, and Italian manufacturing PMIs have shown improvements, with only the Spanish PMI slightly declining. On the other hand, the US manufacturing PMI, construction spending, ISM manufacturing prices, and employment figures have all come in lower than expected. The Atlanta Fed’s GDP now forecast has also been revised downward, reflecting a weakening economic outlook for the US. Despite this seemingly favorable data for the Euro, it’s essential to consider the broader market context. Political events in Europe, such as the recent French elections, have influenced market sentiment. The far-right party’s performance, with around 33-36% of the vote, has been seen as positive for the economy, contributing to investor confidence and a stronger Euro. Conversely, in the US, the recent debate between Biden and Trump has highlighted concerns about Biden’s fitness for office, impacting market sentiment. The US Supreme Court ruling granting Trump some immunity concerning the 2020 election results has also influenced the market, causing the US dollar to strengthen. Additionally, the US dollar index and the US 30-year bond yields have shown a significant gap, typically leading to a stronger Euro. This interplay of economic data and political developments explains the recent volatility in the EUR/USD pair. I delve deeper into these topics and their implications in my webinars. For those interested, you can register through the link in the video description to join the discussion. Register here for the next webinar: https://acy.com/en/education/webinars/ Join Luca's Telegram Trading Feed: https://t.me/+bkfmaA76P2VlMTQ1 Free Trading eBook Series: https://acy.com/en/education/ebook/ Catch up with the latest news and market analysis here: https://acy.com/en/market-news Get in touch today: Web: https://www.acy.com Twitter: https://twitter.com/ACY_Securities Facebook: https://www.facebook.com/acy.securities/ Spotify: https://open.spotify.com/show/2g4Py8AuAqUIxci9efdMmm?si=ac6ff082c5c84f78 Phone: Australia 1300 729 171 International +61 2 9188 2999 #acysecurities #EURUSD#ForexTrading #EconomicNews #TradingStrategy #ForexMarket #PMIData #EuropeanEconomy #USEconomy #MarketAnalysis #CurrencyTrading #ForexAnalysis #TradingWebinar #ForexNews #EuroDollar #EconomicIndicators #MarketSentiment #ForexInvesting #PoliticalImpact #USPolitics #FrenchElections #AtlantaFed #ManufacturingPMI #USDollarIndex #BondYields @ACYSecuritiesAustralia Foreign exchange and derivatives trading carries significant risk and is not suitable for all investors. You do not own, or have any interest in, the underlying assets. Before you decide to trade foreign exchange and derivatives, we encourage you to consider your investment objectives, your risk tolerance and trading experience. ACY Securities Pty Ltd (AFSL: 403863) provides general advice that does not consider your objectives, financial situation or needs. You should consider if you are part of our Target Market by reviewing our TMD and read our FSG and PDS to ensure you fully understand the risks. The content of this presentation must not be construed as personal advice and the information in this presentation is prepared without considering your objectives, financial situation or needs; please seek advice from an independent financial or tax advisor if you have any questions. ACY Securities Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: ACY Tower, Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL authorised us to provide financial services to Australian Residents or Businesses. ACY Capital LLC ('ACY LLC'), ACY LLC is incorporated in St Vincent and the Grenadines (Company number: 2610 LLC 2022). Registered address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown. © 2018 - 2024 ACY Securities is a brand name of ACY AU and ACY LLC, ACY Securities Pty Ltd. All rights Reserved. AYDkXd_B-B8 |
| Category | News & Politics |
| Tags | trading forex | trading FX | FX trading | Forex trading | forex market update | forex market news | market analysis | financial market news |
