Forex Analytix - Day Ahead in Trading

Blake Morrow talks about the massive moves we are seeing in the markets overnight as President Elect Trump announced his tariff intention on Canada and Mexico, putting a lot of volatility in the FX markets overnight. Also, the AUD CPI and RBNZ is upcoming which could have some key moves develop in the AUDNZD. 

Blake Morrow discusses the gaps the markets are seeing as President elect Trump nominated Scott Bessent as the new Treasury Secretary. The EURUSD is up 100 pips from the close on Friday, and is outperforming on the crosses. Month end flows are set to dominate this week as well. Blake discusses a lot of the gaps in different markets and pairs. 

Blake Morrow discusses the EURUSD slumping to new 2024 lows following the PMI's. He also discusses the risks around this move, and to include possible end of year flows we will have to take into account. 

Blake Morrow discusses the ongoing Russian/Ukraine tensions, how it is affecting the EUR and CHF currencies. Blake also talks about the JPY's reaction to Ueda's comments overnight, and key levels in the USDCAD today. He talks about the market waiting for the announcement of the Treasury Secretary and how it could move the markets. 

Blake Morrow discusses the US Dollar bounce the market saw today in European trade. and what could move the US Dollar from here. He thinks it is probably going to be when the market finds out who the next Treasury Secretary may be. He covers the key levels in the EURUSD, NZDUSD, Gold and more. 

Blake Morrow updates you on the USDCAD following the hot CPI data, the moves in the USD and JPY following the Russian headlines, the move lower in equities and where the key levels of support are in the stock market. 

Blake Morrow covers the bounce in the USDJPY following BOJ Ueda's comments, the move in gold back above the 2600 and the consolidation in the EURUSD. Tomorrow's Canadian CPI will be in focus. 

Blake Morrow of Forex Analytix talks about the retail sales data, the empire state manufacturing data that was released and how the US Dollar is retaining its bid as we head into North American trade. US Dollar shorts may start to be concerned as we head into the weekend. Also, he talks about the S&P500 and where the key support levels are at. 

Blake Morrow talks about the key levels being tested in the EURUSD, GBPUSD, AUDUSD and the NZDUSD. USDCAD has broken 1.4000 and is holding gains. But he talks about the key resistance in yields and what happens above there. Also, he discusses copper, stocks and Bitcoin. 

Blake Morrow talks about the instant reaction to the CPI and why stocks rallied and yields fell. The USD came under some pressure but overall not giving back much ground at this point. Blake points out the key support and resistance in the US Dollar index to be watching now.  He also discusses Bitcoin as well.