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Warren Venketas

OPEC+ Supply Cut Outweighs USD Strength, Brent Bid

BRENT CRUDE OIL (LCOc1) TALKING POINTSDetails around hefty 2MMbbls/d production cut from OPEC+.No signs of Fed pivot just yet. Trade Smarter - Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from...

How Forex Traders Use ISM Data

- Reviewed by Nick Cawley, October 5, 2022The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. As a result, the ISM manufacturing, construction and...

PM Truss in Focus Ahead of UK and U.S. Services PMI’s

POUND STERLING TALKING POINTSCan PM Liz Truss return order to the Conservative Party?Non-manufacturing PMI’s under scrutiny for both UK and U.S..1.15 resistance level in focus. Trade Smarter - Sign up for the DailyFX Newsletter Receive...

Fed Rate Repricing Softens Dollar Sustaining USD/JPY Below 145

USD/JPY ANALYSISFed’s March 2023 peak rate falls.Options strikes could give Yen short-term support later today.Ascending triangle ominous for JPY. Trade Smarter - Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from...

EUR/USD Rally Looks Short-lived, Key Resistance Being Tested After Dismal PMI’s

EUR/USD ANALYSIS TALKING POINTSEurozone PMI data misses reflects declining outlook for the region.U.S. PMI data in focus.EUR/USD faces key levels. Trade Smarter - Sign up for the DailyFX Newsletter Receive timely and compelling market commentary...

ZAR Seeks Directional Bias Ahead of U.S. Core PCE

RAND TALKING POINTSChinese Manufacturing PMI gives rand support in early trading.U.S. economic data key for weekly close. Trade Smarter - Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX...

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