something interesting

<  BACK TO Market Analysis

FOREX Week Ahead: Central Banks to Attempt Return to Fundamentals

UK, Switzerland, Japan and US central banks to deliver statements

The US dollar is mixed against majors in a week that saw geopolitical factors drive markets. The surprising result of the UK elections with conservatives being forced to partner to form a government has the pound depreciating across the board. Commodity currencies (AUD, CAD and NZD) appreciated versus the greenback and the majors (CHF, EUR and GBP) traded lower. The JPY ended the week flat against the dollar ahead of a busy week in central banking.

The U.S. Federal Reserve will host the Federal Open Market Committee (FOMC) meeting on June 13 and 14. It will release its monetary policy statement on Wednesday, June 14 at 2:00 pm EDT. The Fed is highly anticipated to hike rates by 25 basis points for the second time this year, to a 100–125 basis points for the Fed funds rate. The CME FedWatch tool is showing a probability of 95.8 percent of a higher rate on Thursday. Fed Chair Janet Yellen will take part in a press conference at 2:30 pm EDT to give more details on the central bank’s decision.

The Swiss National Bank (SNB) will publish the Libor policy assessment and a will kick-off a press conference on Thursday, June 15 at 3:30 am EDT. In the aftermath of the UK elections the Bank of England (BoE) is unlikely to make a drastic change. The BoE will publish its monetary policy summary and minutes of its policy meeting on Thursday at 7:00 am. The conservative party called a snap election to further solidify its majority and instead it is now forced into a partnership with Northern Ireland’s Democratic Unionist party to form a working majority. The Bank of England will have to wait until there is more clarity on Brexit before it can raise rates.

The Bank of Japan (BOJ) will round up the week on Friday, June 16 with its monetary policy statement being released at midnight and BOJ Governor Haruhiko Kuroda hosting a press conference at 2:30 am EDT.The BOJ is in a similar position to the European Central Bank (ECB) as it could deliver an optimistic assessment on the Japanese economy, but being cautious about inflation losing traction. The market is not forecasting any change to the interest rate or stimulus program at this time.

The EUR/USD lost 0.749 percent in the last five days. The single currency is trading at 1.1193 after the ECB met expectations by keeping the interest rate and QE program unchanged. The central bank did remove the reference to rate cuts, and President Mari Draghi praised the momentum of the economy, while at the same time warning of weak inflation. The USD was able to shake off some of the impeachment cloud surrounding the Trump administration after the testimony of James Comes. There was nothing new that emerged during the proceedings as Comey stuck to his notes on his meetings with President Trump. The USD was lifted by lack of evidence, but will remain under pressure as this is only a small part of the investigation surrounding his team and unofficial contact with Russian agents.

Political risk drove the direction of the pair last week, but going forward the US will release key economic data as well as the expected rate hike from the Fed further appreciating the dollar against the euro. The Trump administration continues to pledge a tax reform and infrastructure spending policies but until they materialize the June rate hike might be the last one for the US central bank in 2017.

The French parlimentary elections are not expected to bring as many fireworks as the UK elections but are nevertheless important as the results will define the type of government Emmanuel Macron gets to lead. The first round of elections will take place on June 11, with a second round if needed on the 18. Macron is expected to gain a majority with his newly formed party thanks to new rules put in place in 2014 that forbids representatives to hold two offices (local and federal) at the same time with the vast majority chasing to retain their local positions and not run again on this parliamentary elections. If Macron party gets a majority it would spell the end of the two party system in France.

Oil lost 3.612 percent in the last week. The price of West Texas Intermediate is trading at $45.71 after the massive buildup on Wednesday on the US weekly crude inventories. The forecast had called for another drawdown and instead the shock rise in inventories in the same week as the rift between Qatar and major Arab states put downward pressure on crude prices. The Organization of the Petroleum Exporting Countries (OPEC) has stabilized prices since they announced their production agreement with major producers last year that was put into effect in January. Nearing the end of the original six month duration members have agreed to a 9 month extension. Their goal of price stability has been met, but a glut in energy products remains as producers not part of the deal like the United States, Canada and Brazil have increased production. The US in particular has gone from a net importer of crude to an exporter offsetting the efforts from OPEC.

Weekly inventories are released every Wednesday at 10:30 am EDT. Last week there was a buildup of 3.3 million barrels when a drawdown of 3.1 million was expected. Oil disruptions have been the only factor that have driven oil prices higher, but due to the nature of the disruptions they are not consistent. Case in point the current Nigerian pipeline leaks. Nigeria and Libya due to disruptions are exempt form the production cut, but as soon as those go away the OPEC will face further internal pressure as the oil glut will continue due to stagnant demand for energy around the globe.

The GBP/USD lost 1.212 percent in the last five days. The shocking results of the UK election caused anxiety as the solid majority achieved in 2015 (itself a shock at the time) was wasted by a poor campaign that made the decision of a snap election questionable and could end the career of Theresa May. The election was supposed to put the Conservative party in better footing to deal with the EU in Brexit negotiations. Now needed a partner for majority the Conservative party will be more fractured as it misjudged the intentions of the British people once again. In a curious development it is the less likely probability of a hard brexit (that would have been pushed with a solid Conservative win) that is keeping the GBP from falling further. The Tories will be now forced to seek a more compromised soft Brexit but the EU is now more than ever in the driver seat.

Up ahead the Bank of England (BoE) will be tasked with riding out the political uncertainty of a Brexit outcome that is a moving target. The central bank is not expected to make any major interventions like it did when the Brexit referendum results were announced.

Source: marketpulse.com

UK, Switzerland, Japan and US central banks to deliver statements

The US dollar is mixed against majors in a week that saw geopolitical factors drive markets. The surprising result of the UK elections with conservatives being forced to partner to form a government has the pound depreciating across the board. Commodity currencies (AUD, CAD and NZD) appreciated versus the greenback and the majors (CHF, EUR and GBP) traded lower. The JPY ended the week flat against the dollar ahead of a busy week in central banking.

The U.S. Federal Reserve will host the Federal Open Market Committee (FOMC) meeting on June 13 and 14. It will release its monetary policy statement on Wednesday, June 14 at 2:00 pm EDT. The Fed is highly anticipated to hike rates by 25 basis points for the second time this year, to a 100–125 basis points for the Fed funds rate. The CME FedWatch tool is showing a probability of 95.8 percent of a higher rate on Thursday. Fed Chair Janet Yellen will take part in a press conference at 2:30 pm EDT to give more details on the central bank’s decision.

The Swiss National Bank (SNB) will publish the Libor policy assessment and a will kick-off a press conference on Thursday, June 15 at 3:30 am EDT. In the aftermath of the UK elections the Bank of England (BoE) is unlikely to make a drastic change. The BoE will publish its monetary policy summary and minutes of its policy meeting on Thursday at 7:00 am. The conservative party called a snap election to further solidify its majority and instead it is now forced into a partnership with Northern Ireland’s Democratic Unionist party to form a working majority. The Bank of England will have to wait until there is more clarity on Brexit before it can raise rates.

The Bank of Japan (BOJ) will round up the week on Friday, June 16 with its monetary policy statement being released at midnight and BOJ Governor Haruhiko Kuroda hosting a press conference at 2:30 am EDT.The BOJ is in a similar position to the European Central Bank (ECB) as it could deliver an optimistic assessment on the Japanese economy, but being cautious about inflation losing traction. The market is not forecasting any change to the interest rate or stimulus program at this time.

The EUR/USD lost 0.749 percent in the last five days. The single currency is trading at 1.1193 after the ECB met expectations by keeping the interest rate and QE program unchanged. The central bank did remove the reference to rate cuts, and President Mari Draghi praised the momentum of the economy, while at the same time warning of weak inflation. The USD was able to shake off some of the impeachment cloud surrounding the Trump administration after the testimony of James Comes. There was nothing new that emerged during the proceedings as Comey stuck to his notes on his meetings with President Trump. The USD was lifted by lack of evidence, but will remain under pressure as this is only a small part of the investigation surrounding his team and unofficial contact with Russian agents.

Political risk drove the direction of the pair last week, but going forward the US will release key economic data as well as the expected rate hike from the Fed further appreciating the dollar against the euro. The Trump administration continues to pledge a tax reform and infrastructure spending policies but until they materialize the June rate hike might be the last one for the US central bank in 2017.

The French parlimentary elections are not expected to bring as many fireworks as the UK elections but are nevertheless important as the results will define the type of government Emmanuel Macron gets to lead. The first round of elections will take place on June 11, with a second round if needed on the 18. Macron is expected to gain a majority with his newly formed party thanks to new rules put in place in 2014 that forbids representatives to hold two offices (local and federal) at the same time with the vast majority chasing to retain their local positions and not run again on this parliamentary elections. If Macron party gets a majority it would spell the end of the two party system in France.

Oil lost 3.612 percent in the last week. The price of West Texas Intermediate is trading at $45.71 after the massive buildup on Wednesday on the US weekly crude inventories. The forecast had called for another drawdown and instead the shock rise in inventories in the same week as the rift between Qatar and major Arab states put downward pressure on crude prices. The Organization of the Petroleum Exporting Countries (OPEC) has stabilized prices since they announced their production agreement with major producers last year that was put into effect in January. Nearing the end of the original six month duration members have agreed to a 9 month extension. Their goal of price stability has been met, but a glut in energy products remains as producers not part of the deal like the United States, Canada and Brazil have increased production. The US in particular has gone from a net importer of crude to an exporter offsetting the efforts from OPEC.

Weekly inventories are released every Wednesday at 10:30 am EDT. Last week there was a buildup of 3.3 million barrels when a drawdown of 3.1 million was expected. Oil disruptions have been the only factor that have driven oil prices higher, but due to the nature of the disruptions they are not consistent. Case in point the current Nigerian pipeline leaks. Nigeria and Libya due to disruptions are exempt form the production cut, but as soon as those go away the OPEC will face further internal pressure as the oil glut will continue due to stagnant demand for energy around the globe.

The GBP/USD lost 1.212 percent in the last five days. The shocking results of the UK election caused anxiety as the solid majority achieved in 2015 (itself a shock at the time) was wasted by a poor campaign that made the decision of a snap election questionable and could end the career of Theresa May. The election was supposed to put the Conservative party in better footing to deal with the EU in Brexit negotiations. Now needed a partner for majority the Conservative party will be more fractured as it misjudged the intentions of the British people once again. In a curious development it is the less likely probability of a hard brexit (that would have been pushed with a solid Conservative win) that is keeping the GBP from falling further. The Tories will be now forced to seek a more compromised soft Brexit but the EU is now more than ever in the driver seat.

Up ahead the Bank of England (BoE) will be tasked with riding out the political uncertainty of a Brexit outcome that is a moving target. The central bank is not expected to make any major interventions like it did when the Brexit referendum results were announced.

Source: marketpulse.com

lastest Articles

Market Analysis
Forex Week Ahead – No ease up for Powell
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BOE Quick Analysis: Bailey blasts sterling with specter of negative rates, why more falls are likely
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s De Guindos: Euro exchange rate is fundamental for inflation
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Fed drives dollar higher, gold and stocks lower, BOE, jobless claims eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold aims $1980 as focus shifts to Wednesday’s FOMC
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD to surge to 1.40 by September-2021 – UBS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Upbeat Chinese data boosts mood, Boris' bill passes first hurdle, Gold shines
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – More stimulus on the way?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB's Lane: Euro's rise dampens inflation outlook
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: King dollar holds the rein amid cautious optimism, eyes on US CPI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Euro set to fall? ECB expectations may be overconfident
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Brexit in deep crisis, vaccine hopes resurface, all eyes on the ECB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Brent Oil resumes its core bear trend
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s Muller: A timely exit from temporary emergency measures is important
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Vaccine trial halt exacerbates risk off mood, Brexit, BOC, and US fiscal talks eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: XAU/USD drops further and approaches $1,900/oz
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Price Update: BTC bulls ready to strike back once $11,000 is cleared
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Hard-Brexit fears pound the Pound, Dollar bid on US-Sino woes
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD risks deeper pullback as 1.20 peak looks far
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: Downside appears more compelling while below $1946 – Confluence Detector
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar stabilizes in the NFP aftermath, Oil tumbles amid holiday-thinned trading
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead - Trump Closing the Gap
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Nonfarm Payrolls Preview: Fed’s policy shift to introduce vital noise
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold rebounds from weekly lows, turns neutral around $1945 region
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD trims losses and regains 1.1850 post-US ISM
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Fed's Williams: Policymakers seek inflation that targets 2% over time
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Cash Market Update: BCH fork is inevitable as Bitcoin ABC team separates from the project
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar climbs back from the abyss, ADP NFP, Fed speakers awaited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Bring on the Jobs Report
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Jackson Hole Goes Virtual
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead - The focus remains on COVID-19, the Fed and Congress
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Gold up, dollar down amid stalled fiscal talks, vaccine hopes, ahead of jobless claims
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead- Is the economic recovery stalling?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar licking its wounds, gold gives ground, ahead of the all-important Fed decision
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – What more can the Fed do?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Market Update: BTC/USD hits a pause button before another bullish assault
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Price Analysis: Potential correction ahead of further gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: China's payback weighs on markets, boosts dollar, PMIs, coronavirus figures eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Technicals show bulls have the upper hand
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: Correction in sight after reaching nine-year highs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar licking its wounds, gold shines, US coronavirus cases eyed after Trump's U-turn
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold jumps to fresh multi-year tops, beyond $1820 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: EUR/USD sells the fact, Gold looking strong, Trump's coronavirus briefs make comeback
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Market Update: BTC fails to live up to the status of digital gold
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
S&P 500 Futures Price Analysis: Bears retain control after rejection at falling trendline resistance
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: EU leaders can’t reach an agreement on the EU rescue fund
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Focus remains on Virus Spread, Fiscal Stimulus, Rebounding data, and Earnings
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD continues to look at the 1.1495 March high
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD to remain resilient in the near-term
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar dominates ahead of EU Summit, updated look at the US consumer amid rising cases
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold probes multi-day lows around $1,790/oz
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Price Analysis: A test of 1.1420 appears closer
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: US dollar seizes control as risk aversion returns, a busy docket ahead
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold to stay above $1800 fueled by lower real rates
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB expected to keep rates unchanged
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Vaccine, earnings optimism downs the dollar; eyes on COVID-19 stats, BOE’s Bailey
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Bring on Earnings Season
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Crude Oil Futures: Upside looks limited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s Lagarde: Economic recovery would be constrained, uncertain and fragmented
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Gold eyeing $1,800, dollar mixed, as coronavirus, Hong Kong peg move markets
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: Holds steady above $1775 level, bullish bias remains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BOJ to project economic recovery in report next week – Reuters
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Chinese optimism downs dollar as investors ignore US coronavirus, data eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Economic Reopening Continues
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Stocks' strength, dollar downing face Non-Farm Payrolls test as Trump endorses masks
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoE's Haskel: Activity appears to be coming back faster than anticipated
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
GBP Bank Account
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Gold shines, markets look for direction after a successful Q2, ahead of busy start to Q3
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold eases below $1770 level, downside seems limited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Europe fights coronavirus and stuns the dollar
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Markets attempt to shrug off grim coronavirus developments
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Jitters Continue into Busy Week
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar Index clings to gains near 97.50 ahead of data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s Lagarde: Economic recovery will be a complicated matter
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold sticks to the positive outlook
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Price Analysis: Focus now shifted to 1.1170
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar dominates, gold shines as coronavirus rages in the US, triple data release eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Price Analysis: Rising bets for a test of 1.1400 and beyond
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD recedes from tops above 1.1300
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: Falling US Real Yields fuels bull trend towards new highs at $1921 – Credit Suisse
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Risk rides the Navarro rollercoaster, Eurozone/ UK PMIs, virus stats in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoE is seen increasing further the size of QE – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Risk-recovery back in play, US dollar recedes with second-wave virus fears
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Markets play tug-of-war with Covid-19 concerns and reopening momentum
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Coronavirus, weak data outweigh reopening optimism, BOE, jobless claims eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB's de Guindos: Better if EU aid is distributed via grants rather than loans
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: XAU/USD slumps toward $1,710 on improving risk sentiment
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar up as health, geopolitics replace consumer optimism, Powell, COVID-19 data eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold clings to modest daily gains, around $1730 area
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Double stimulus talk downs dollar ahead of Powell's power-play, US retail sales
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Coronavirus concerns trigger dollar domination, commodity currencies climb down
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Market Recovery Under Threat?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Houston, we have a problem, US coronavirus, Fed gloom, crash markets, consumers eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Obsessed
Killing Hope ( Before it Kills You )
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Euro Fails at Resistance as Federal Reserve Expands Lending Program
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Can the dollar lick its wounds? Fed speculation, geopolitics, and data eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Brexit, coronavirus and protests to pressure the pound
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: The beginning of the end, $1600 by Q3
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar looking for a new direction after the excellent Non-Farm Payrolls, Lagarde eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – The Recovery Continues
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613