Justin McQueen

Justin McQueen


Fundamental analysis, news events, market reactions and macro trends.
Justin McQueen is a Market Analyst for DailyFX. He gained a strong understanding of fundamental analysis across multiple asset classes throughout his tenure as a financial news reporter, which entailed examining and analyzing macroeconomic trends in financial markets, predominantly focusing on FX and commodity markets. He holds a bachelor degree in Business Economics from Nottingham Trent University.



Weekly Trading Forecast: A New Front on Trade Wars Will Test Risk Trends, Dollar

Risk assets have broadly notched a week of retreat as trade wars have spread into the developed world economy. Themes are of greater consequence than specific data in the week ahead, but that poses m...

Crude Oil Forecast: Rising Trade War Tensions to Keep a Lid on Oil Price Gains

OPEC agreed to increase output by 1mln bpd to reduce 'over compliance' with the current output agreement. Oil price gains likely to be capped amid rising trade tensions .

US AM Digest: Crude Futures Rise as OPEC Agree to 1mln bpd Oil Production Increase

OPEC agree to raise production by 1mln bpd, which will represent a real production increase of roughly 600k bpd. CAD soft after lower than expected CPI report.

Crude Oil Volaitility Expected as OPEC Increase Oil Production

OPEC’s 174th ordinary meeting takes place today where expectations are for a relaxing of the current oil supply quota’s.

EURUSD Firms as Eurozone PMI Suggests Recovery in Growth

Eurozone PMI suggests that Eurozone growth has recovered despite stagnant manufacturing which has been hampered by increased trade war tensions.

US AM Digest: GBP Surges on Hawkish BoE, EUR Dips as Italy Appoints Eurosceptics

Sterling bulls have been provided with some hope following the BoE rate decision, after Chief Economist Haldane joined McCafferty and Saunders in voting for a hike.

Sterling Bulls Offered Hope as Bank of England Raises August Rate Hike Bets

Bank of England kept the Bank Rate at 0.5%, however a more hawkish vote split at 6-3 led to the surge in the Pound as markets repriced an August rate hike, which now sits at 45%

EURUSD and Italian Assets Fall as Italian Political Uncertainty Returns

EURUSD fell to its lowest level since July 2017 at 1.1508 as Italian assets came under pressure after reports that two Eurosceptic members had been appointed to the finance committee

Swiss Franc Muted Despite SNB Signalling Negative Rates for Longer

SNB monetary policy assessment was largely unchanged from the previous quarter, while they downgraded longer term inflation forecast indicating negative rates for longer.

US AM Digest: GBP Dictated by Brexit Risks, EUR Subdued as ECB Fret Over Trade War Concerns

Brexit risks continue to dictate GBP, with focus on the meaningful vote, EUR Subdued as the ECB voice concerns over looming trade war, which could complicate QE exit.

BoE Interest Rate Decision: Mixed Data to Prompt Wait and See Approach

The Bank of England is expected to stand pat on monetary policy with the MPC’s view likely to be little changed from May, following mixed economic data. Eyes on Carney’s Mansion House spe...

US AM Digest: Global Markets Tumble on Escalating Trade Tensions

Chinese markets plunged near 4% after reports that the Trump administration were looking at fresh tariffs on Chinese exports valued at $200bln.

US-China Trade War and RBA Guidance Sees AUD Plunge to 13-Month Low

Australian Dollar comes under pressure, falling to 13-month lows following the US-China trade war escalation, while softer language on RBA rate guidance also weighs on AUD

EURUSD Extends on Losses After ECB Draghi’s Cautious Comments

EURUSD took another leg lower following cautious comments from President Draghi who highlighted concerns over escalating trade wars.

US AM Digest: Oil Rises as OPEC Signal Output Hike at Lower End of Expectations

Brent crude futures are trading higher by over 1% amid reports that OPEC are looking at a 300k-600k bpd output increase, which is at the lower end of expectations.

EURNOK Downtrend Intact Amid Norges Bank Rate Decision

EURNOK selling remains attractive on widening monetary policy divergence as Norges Bank look to maintain hawkish stance and hike rates in Autumn, which brings YTD lows in focus.

Oil Prices to Leak Lower as OPEC Look to Switch On Supply Taps

OPEC’s 174th ordinary meeting is set to take place on June 22nd where expectations are for a relaxing of the current oil supply quota’s.

US AM Digest: USD Dips from YTD Highs as Trade War Uncertainty outweighs ECB-Fed Policy Divergence

The greenback had printed fresh 2018 highs on the back of the diverging monetary policy stance between the ECB and Fed. However, gains had been pared amid the rising trade tensions.

EUR Bears to Remain in Control on Possible German Snap Election

Chancellor Merkel could face a potential vote of confidence/snap election if a solution is not agreed between the CDU and CSU over immigration, which could see EURUSD press for lower levels.

US AM Digest: EUR Plummets on ECB Dovish Rate Guidance

ECB surprises the market after announcing QE exit plan, however signals that rate hikes are distant. Subsequently, EUR declines as markets reprice rate hike.