Plutus FX Latest News

U.S: Crude Oil Inventories


Good morning,

GBP/EUR continued its recovery from the lows by reaching 1.1208, a rate of exchange which has not been seen since July. The pair made steady progress from the low of the day which was 1.1159 in the morning session and it was the afternoon session which saw the top of the market. BOE Mark Carney spoke yesterday afternoon at the Council on Foreign Relations, in New York which was added later into the economic calendar and it was late afternoon when GBP/EUR dropped back below 1.1200 falling to 1.1176 were it traded for the remainder of the day. We open this morning session at 1.1210.

GBP/USD was stuck in a tight range yesterday as the pair sat between 1.2310-1.2380, the pair has made a 3.5% move up which is fantastic news for all the USD buyers in the market. GBP/USD hit the high of the day early morning before dropping to the low at 9am, Cable did manage to push close to the high and we open this mornings trading at 1.2350.

EUR/US was stuck in a 20 pip range in what was a dull day for for the pair, the price was sitting between 1.1025-1.1045 with no major movements, we open this morning at 1.1025 with hope that today's trading session will be more entertained than yesterdays.

Fact of the day

Some months back in Nigeria one naked and dying 2-year abandoned child was seen being fed by a lady charity-worker from Denmark - Anja Ringgren Lover, that pic went viral in social media. She later adopted that child and name him Hope. Today, Hope looks like this:

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U.S: FOMC Member Bullard & Evans Speaks


Good morning,

GBP/EUR traded between 1.0960-1.1035 on Tuesday, the pair hit the low of the day in the morning session and managed to claw back above 1.1000 in the afternoon. The economic calendar was light yesterday and movements were simply due to the Brexit situation, we expect a volatile market in the next 8 weeks with clients setting up safety nets on the downside to protect their bottom line. We have opened Wednesday's trading session at 1.1053.

GBP/USD plummeted to a new 2 and half year low yesterday as cable fell to 1.1980, the pairs trading range was 1.2102-1.1980. It was the morning session that saw the low of the day and GBP/USD managed to climb off the bottom of the market due to negative ISM Manufacturing PMI from the States, the pair lifted to the high of the high and settled down for the evening. We have opened this morning trading at 1.2141 with all eyes on the Brexit situation for the UK and FOMC Members speaking later tonight.

EUR/US also manage to climb from its lows, the pair was trading between 1.0920-1.0979 as the miserable run continues. The USD is certainly over power the EUR at present which is why we are seeing new lows for the pair. We have seen a move on the upside this morning as EUR/USD is around the 1.1000, moving away from the bottom of the market.

Fact of the day

After the world's largest beach clean up at Mumbai's Versova beach in April of 2018, Olive Ridley turtles returned to lay eggs for the first time in 20 years!

Image result for Mumbai's Versova beach in April of 2018
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US Bank Holiday - US banks will be closed in observance of Labor Day


Good morning,

GBP/EUR traded in a 80 pip range on Friday as the pair sat between 1.1000-1.1080, the morning session saw the low of the day and it was the afternoon session in which we saw the rate climb to the high. There was no major movements on Friday due to a quiet economic calendar, in fact GBP/EUR had minimal movement last week due to lack of data. We open the week at 1.1023.

GBP/USD looked like it would end the week in the 1.2200 area until a late drop on Friday, there was little movement in the morning session and it was after 2pm when cable began to climb. The U.S released negative figures on Core PCE Price Index m/m which pushed GBP/USD to the high of the day, 1.2223. The price was short lived as two positive pieces of data came out better than expected which was Personal Spending m/m & Chicago PMI, The pair finished the week at the low of the day which was 1.2131, we open this morning at 1.2110

Fact of the day

In Tokyo "The Restaurant of Order Mistakes" opened for a trial period in 2017. It hired people with dementia as waiters, and told customers they might get orders wrong. Customers seemed to enjoy never knowing what they were going to get!

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EUR Flash Manufacturing PMI


Good morning,

GBP/EUR has been flat all week and yesterday was no different, the pairs pricing range was 1.0920-1.0950 in the dullest day of trading for the week. We open this morning at 1.0937 and Europe have already released positive data on German Flash Manufacturing PMI & French Manufacturing PMI, there was little movement from the rate.

GBP/USD has been just as poor as GBP/EUR as Cable traded between 1.2115-1.2155, there is nothing to report in terms of major movements and it is a light day in terms of the economic calendar for todays session. We have opened at 1.2140 which is a slight improvement from 1.2115 which was seen early this morning.

Fact of the day

A Car Company made the First ever Transparent Car. It is totally made of high density heave duty glass with no paint use. It is said to be stronger and more secure than ongoing cars in the market.

Image result for transparent car

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FOMC Meeting Minutes


Good morning,

GBP/EUR began Tuesdays trading session by slipping to the low of the day which was 1.0880, it was another dull day of data yesterday and GBP/EUR range was 1.0880-1.0957. The pair did spike slightly following Giuseppe Conte resigning as Italy’s prime minister after blasting Matteo Salvini, the leader of the far-right League, as an “opportunist” for triggering a government crisis that could have “serious consequences” for Italy. The pair hit the high of the day then immediately dropped back off. We open this morning session at 1.0938.

GBP/USD opened yesterday at 1.2100 and the pair slipped to the low of the just after lunch as the price fell to 1.2055, Cable did manage to recover from the drop by pushing up through 1.2100 to the high of the day which was 1.2180. The U.S will release FOMC Meeting Minutes today which is noted as a high impact piece of data, the first of this week. GBp/USD traded around 1.2160 for the remainder of the day and we open this morning at 1.2133.

Fact of the day

Steve Carell's chest hair was actually being ripped off during the waxing scene in "40 Year Old Virgin"

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