Blueprint FX Desk
Blueprint Capital
Market Focus Today
EUR German ZEW Economic Sentiment
Expect High Volatility in
EURUSD
News Roundup
HIGH: GREECE
Greece woes continue. In an attempt to avoid running out of money whilst talks with its international creditors drag on, the Greek government is forcing public sector bodies to hand over their cash reserves. This potentially represents another nail in the coffin of Greek E.U. membership. Disagreements still remain over privatisations, labour market reforms and pension cuts with the left wing Syriza party not wanting to agree to further liberalisations of the labour market such as reducing the minimum wage.
MEDIUM: UK
UK election uncertainty. David Cameron last-night attacked a potential Labour-SNP alliance last night claiming it would be a disastrous move for the UK economy ‘bringing it to a grinding halt’. Again, another sign that, as we head closer to the election date, the pressure and uncertainty is set to increase as the polls are still suggesting we are heading towards a hung parliament. At this stage, there is no clear favourite and both leading contenders offer outcomes that are far from ideal. Interesting times indeed!
This document is exclusively for the use of the person to whom it has been sent by email from Blueprint Capital Limited. The client will have been classified prior to as a private or an intermediate client. This communication has been prepared solely for information and data purposes and is not intended as an Invitation or Inducement with respect to the purchase or sale of any financial instrument. This communication should not be regarded as a substitute for the exercise by the recipient of its own judgment. Any reliance placed on the communication is at the reader’s risk. Information and opinions have been obtained from sources believed to be reliable but no representation is made to their accuracy. © Blueprint Capital Limited. No copy can be taken without prior written permission.
Recommended Content
Editors’ Picks
EUR/USD holds above 1.0700 after US data
EUR/USD struggles to build on Wednesday's gains and fluctuates in a tight channel near 1.0700 on Thursday. The data from the US showed that weekly Jobless Claims held steady at 208,000, helping the USD hold its ground and limiting the pair's upside.
GBP/USD fluctuates above 1.2500 following Wednesday's rebound
GBP/USD stays in a consolidation phase slightly above 1.2500 on Thursday after closing in the green on Wednesday. A mixed market mood caps the GBP/USD upside after Unit Labor Costs and weekly Jobless Claims data from the US.
Gold retreats to $2,300 despite falling US yields
Gold stays under bearish pressure and trades deep in negative territory at around $2,300 on Thursday. The benchmark 10-year US Treasury bond edges lower following the Fed's policy decisions but XAU/USD struggles to find a foothold.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
Happy Apple day
Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple.