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.



Trump Praises Stronger US Dollar, AUD up on US-China Trade Talks - US Market Open

Mild bounce in USD after coordinated praise from President Trump and NEC Director Kudlow, while AUD outperforms on US-China trade talk resumption.

Crude Oil Price Analysis: Negative Momentum Builds After Key Technical Breach

Risk off sentiment, increasing US crude stockpiles have added to the bearish trend for oil prices. A breach through key technical indicators is set to add to oil price losses.

USD Buying Prompted by Fed Quantitative Tightening Day - US Market Open

Risk averse sentiment remains prominent with equity markets holding modest losses, US Dollars in demand as Federal Reserve unwind balance sheet.

EURUSD to Extend Losses on Today’s Federal Reserve Balance Sheet Unwind

USD set to receive bid in short term as the Fed’s balance sheet unwind leads to $12.6bln negative impact on USD liquidity.

Euro Sells Off on Fragile Emerging Market Rebound - US Market Open

Emerging market currencies find some respite with the Turkish Lira gaining 5% vs. USD. However, the rebound is seemingly fragile with the proxy Euro remaining under pressure.

GBPUSD Slides on UK Data, Tory Brexiteers Plan Hard Brexit

GBPUSD weakened overall, as wage growth continues to disappoint the BoE, despite the unemployment rate dropping to its lowest since 1975. Tory Brexiteers plan Hard Brexit.

USD and JPY Surge See EUR, TRY and Gold Suffer- US Market Open

The volatility within the emerging market currencies, most notably the Turkish Lira, which gapped higher to a fresh record low of 7.2, continues to spark a safe haven bid in the USD.

Gold Prices Fall Towards Critical Support as USD Wins Safe Haven Battle

Gold has fallen further this morning, hitting its lowest level since March 2017 as investors flock to the USD following the ongoing rout in emerging markets.

FTSE 100 Weekly Look Ahead: GBP and FTSE Correlation Breaking Down

GBP and the FTSE 100 may move into positive correlation for the first time since December 2016, which could spell bad news for stocks amid the Pound trading at over 1-year lows.

EUR/USD Weekly Technical Forecast: Breach Through Key Support Paves Way for Deeper Declines

The Euro endured a torrid time last week with the currency trading below key support at 1.15 for the first time since July 2017 with the near-term outlook for the Euro growing more negative.

European Banks Dragged Lower Amid Exposure to Turkish Lira

A report this morning from the FT stated that in light of the fall in the Turkish Lira, the Eurozone’s Chief Financial Watchdog has grown concerned over the how exposed several European banks a...

Emerging Market Rout Spurs Safe Haven Bid in US Dollar - US Market Open

Safe haven flows have flooded into the US Dollar this morning, with the currency breaking above YTD highs to trade above the 96.00 amid concerns over contagion risk from exposure to the Turkish Lira.

GBP Pares Losses as GDP Bounces Back, However, Brexit Remains Key Driver

The UK economy picked up in Q2 after the weather hit slowdown seen in Q1. Consequently, the Pound has recoup some of the earlier losses. However, Brexit remains the key driver in the near-term.

GBPCAD Short: Rate Differentials Favour CAD, Brexit Weighs on GBP

NZD Drops After Dovish RBNZ, TRY and RUB Suffer - US Market Open

Dovish RBNZ sees NZDUSD underperform while the Turkish Lira and Russian have taken a hit amid rising tensions with the US

FTSE 100 Analysis: Russian Sanctions and Large Cap Ex-Divs Drag on FTSE

FTSE 100 dips as several large caps go ex-div, consequently trimming 39 points from the index.

CAD Slides as Saudi Arabia Sell Off Canadian Assets - US Market Open

Sentiment around the Canadian Dollar has seen a notable deterioration over the past couple of days amid the escalating geo-political tensions between the Saudi Arabia and Canada.

USDJPY Analysis: Bears Find Hope as BoJ Show Divide on QQE Measures

USDJPY downside risks grow as the BoJ show divide on yield movement, while recent reports note that the BoJ had planned to hike twice earlier this year.

NZD Technical Analysis Overview: NZDUSD & NZDJPY Focus Ahead of RBNZ

NZDUSD relatively rangebound with support seen from 0.6880-0.67, key fib level holding up NZDJPY for now. Eyes on RBNZ

Crude Oil Prices Soar on Iranian Sanctions Renewal - US Market Open

Oil prices are notably firmer following the renewed sanctions on Iran as markets expect supplies to tighten, while Turkish Lira continues to print fresh record lows.