Justin McQueen

Justin McQueen

Analyst

Expertise:
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.

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US AM Digest: US Treasury Yield Resistance Keep DXY Buying at Bay

Gains in the US Dollar running out of steam amid key resistance in US treasury yields. All eyes on 3% again in the 10-year, while USDJPY breaches 109.00.

GBPUSD Brushes Off Dip in Business Optimism as Investors Eye UK GDP

UK Business Optimism fell from a 1 year high of 13 to -4 as growth in manufacturing output slowed. However, the Pound saw a muted reaction as investors focus on Friday’s UK GDP release.

US AM Digest: DXY Gains Gather Pace as US 10yr Yield Closes in on 3%

Gains in the USD-index have continued to gather pace led by EURUSD and USDJPY, in which the latter pushed through 108.00 amid easing political tensions on the Korean Peninsula, pushing the US 10yr tr...

EURUSD Pressured as Eurozone PMI Stays in Lower Gear

EURUSD grinded lower in the wake of the PMI survey, where the manufacturing PMI fell to the lowest level in 14-months, while IHS highlighted dampening effects of a stronger Euro.

Weekly Trading Forecast: ECB, US GDP Top Action-Packed Calendar

First-quarter US GDP data and an ECB monetary policy announcement headline an action-packed set of top-tier event risk in the week ahead.

Breaking of Ranges is Unlikely To Be on the Cards for Gold

Gold prices slid amid rising expectations of 3 more rate hikes, pricing now at 44%, alongside easing geopolitical tensions. Looking ahead, US GDP and Trade Balance could instigate notable price actio...

US AM Digest: DXY Eyes 90.00 Level; Trump Slams OPEC Over High Oil Prices

DXY notably firmer this morning and as such is looking to make a test of the 90.00 level amid the support from rising treasury yields and rising price pressures. CAD plunges on soft inflation data.

GBPUSD Slides as Soft Data and Cautious Carney Temper May Rate Hike Bets

GBPUSD falls over 2% from post-Brexit highs as uninspiring UK data points and cautious comments from Bank of England Governor Carney temper rate hike expectations.

US AM Digest: Oil Prices Hit Fresh 3 Year Peak

Oil prices continued its bullish momentum with Brent hitting $74 for the first time in 3 years. GBP took another hit after weak retail sales data.

US AM Digest: Oil Surges as Saudi Arabia target $100; GBP Underperforms After Inflation Falls

GBPUSD briefly fell through 1.4200 after inflation dropped to the lowest level in a year at 2.5%, tempering BoE rate hike expectations. Oil prices surge as Saudi Arabia targets $100.

GBPUSD Drops After Inflation Falls to Lowest Level in a Year

GBPUSD fell through 1.4200 after UK inflation fell to its lowest level in a year at 2.5%, subsequently reducing bets of a BoE rate hike.

US AM Digest: GBP Falls as Wages Miss Expectations; Momentum Remains Bullish

US equities futures in the green as focus shifts towards better than expected corporate earnings. GBPUSD pulls away from post-Brexit highs as wage component misses consensus.

GBPUSD Slips Despite Record Employment Figures

The Pound slipped and FTSE 100 edged up Tuesday morning despite record employment figures, while wages outstrip inflation for the first time in a year.

US AM Digest: Crude Oil Falls as Geopolitical Risks Unwind

Financial Markets seemingly shake-off Syrian strikes with US equity futures on the front foot to begin the week. Sterling looks towards post-Brexit high, having broken 1.43.

US AM Digest: GBPUSD Eyes Post-Brexit High

US Equities set to close the week out on a high following a strong start to earnings season, while Trump takes a more conciliatory approach to Chinese trade and TPP

US-EU Trade Tensions Unlikely to Ease Amid Growing Trade Surplus

The Euro was little changed despite the Eurozone's trade surplus growing for February. However, growing surplus with the US is likely to increase trade tensions.

US AM Digest: Euro Falls on Dovish ECB Minutes; EURGBP Eyes 2018 Low

US equity futures trading modestly higher this morning as President Trump backtracks Russian and Syrian comments. Euro falls on dovish ECB minutes.

Bullish Outlook for Oil Prices Amid Escalating Geopolitical Tensions

Crude oil futures have surged over 8% this week, rising from $67.50 to a high of $73 (highest level in over 3 years) amid a slew of supportive developments.

US AM Digest: Crude Oil Highest Since December 2014 on Geopolitical Tensions

President Trump warns Russia and Syria that airstrikes are coming, subsequently, weakening the Russian Ruble to its lowest level since November 2016, while crude oil trades at over three year highs.

Sterling Falls after UK Factory Output Declined for the First Time Since March 2017

The Pound slipped and FTSE 100 edged up Wednesday morning following a run of February data. In the three months to February, the total UK trade deficit (goods and services) had widened by £0.4b...


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