Justin McQueen

Justin McQueen


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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.



Gold Bulls Dominate, GBP Outperforms, SEK Sinks - US Market Open

The Pound has grinded higher throughout the session with GBPUSD testing 1.2950. SEK plunged on the back of soft inflation data. Gold at fresh YTD highs.

Key Charts to Watch: EURUSD Vulnerable to Auto Tariffs and Dovish ECB

The Euro has continued to hover around the lower bound of its 1.12-1.16 range, having last week hit lows of 1.1235. Risk events over the coming weeks could see a range break.

EURUSD Bounces Off Support, USDTRY Rises on RRR Cut

The USD underperforms relative to major G10 currencies on continued trade war optimism. Turkish Lira dips as CBRT cut Lira reserve requirements.

Crude Oil Analysis: Oil Bulls Target $70

Improved risk sentiment and Saudi Arabia’s pledge to take aggressive have been among factors boosting oil prices to fresh 2019 highs, raising scope for $70 Brent.

Weekly Technical Forecast: Dollar, Equities, Crude and Gold All Extend Their Climb to Key Resistance

There was a broad advance in the run of speculative-leaning equities, commodities and currencies this past week. The pace was uneven, but the progress was registered nonetheless. Yet, only now does t...

Technical Outlook: S&P 500, DAX

Following a weekly gain of over 2% the S&P 500 eyes key topside resistance. DAX sees notable bounce off trendline support.

DAX May Plummet on Auto Tariffs, Spanish Election not a Cause of Concern

Section 232 deadline is set for Feb 17th, in which the Department of Commerce will present their findings on whether Eurozone autos present a threat to the United States national security.

EUR Drops as ECB Talk up Further Stimulus, USD Supported Amid Fed QT - US Market Open

Euro underperforms as ECB talk up further stimulus measures. NZD leads the pack amid the improved risk tone. USD looks to Trump as he vows to declare a national emergency.

Gold Price Analysis: Trump Mulls Emergency Action, YTD Highs in Focus

As investors continue to ponder growing downside risks, gold prices remain elevated. Fresh political risks may prompt Gold to test $1326.

USD Drops, Germany Avoids Recession, GBP Looks to Brexit Vote - US Market Open

USD dropped against its major counterparts following the weakest retail sales data in 9-yrs. Germany narrowly avoids recession, while AUD & NZD rise on trade war optimism.

Key Charts to Watch: Default Buying in USD

Following its largest winning streak in over 2yrs the USD continues to remain king. Having hit a fresh YTD peak, eyes now turn towards the 2018 high.

GBPUSD Spikes Higher, NZDUSD Outperforms, EURUSD Soft - US Market Open

NZD soars following RBNZ, GBPUSD spikes amid touted Fix related buy orders in quiet trade. Euro soft as markets digest Spanish snap elections.

Crude Oil Analysis: Bulls Eye Break of Crucial Resistance for Fresh 2019 Highs

While yesterday’s jawboning from OPEC continues to keep the oil complex bid. The improvement in the global risk tone has also provided a lift for Brent crude futures.

Crude Oil Surges on OPEC Jawboning, US May Avoid Another Government Shutdown - US Market Open

The USD has given back some of its recent gains, having failed to hold above the 97.00 handle, which in turn has provided a relief for major G10 currencies. Crude oil futures soar over 2%.

Crude Oil Analysis: Oil Rises on Aggressive Saudi Action

Brent crude futures edged higher this morning, with gains of over 1% as Saudi Arabia look to take aggressive action in order to keep oil prices afloat.

USD Remains King, CHF Flash Crash, GBP & EUR at Crucial Support - US Market Open

USD has begun the week on the front with major G10 currencies softer across the board. GBP briefly dips on poor data, while CHF sees early week flash crash.

Weekly Technical Forecast: Equities, Crude, Currencies Signal Tentative Reversal

The S&P 500 and Dow put in for tentative but high profile reversals this past week. Amid a steady decline in volatility and volume readings, the early vestiges of a turn will draw greater scrutin...

GBP Technical Analysis Overview: GBPUSD, GBPJPY, EURGBP

GBPUSD downside break could spark a test of the low 1.28s, while GBPJPY bearish bias has eased as key fibo holds. EURGBP fails to hold above 0.8800.

Technical Outlook: S&P 500, DAX, FTSE MIB

S&P 500 saw limited follow through above 2700, key support at 2675. Heavy selling in the DAX on at the backend of the week. FTSE MIB on course for 19000.

S&P 500, DAX Outlook: US vs China & EU in Trade Wars

Risks are yet again mounting for equity markets with trade war concerns in focus. Elsewhere, political risk is once again elevated amid the possibility of another government shutdown.