something interesting

<  BACK TO Market Analysis

Forex Week Ahead

Forex-week-ahead_new-tariffs_FXPIG

Labor Day will not be quiet at all, as the US-China trade war remains tense, as certain tariffs kick in and will start to weigh on the US economy.  Politics will remain a focal point as some UK officials will try to stop Boris Johnson’s plan to suspend Parliament.  Continued deterioration with Chinese manufacturing data also have global recession concerns on high alert and have markets bracing for the next wave of monetary and fiscal stimulus.

Markets remain firmly focused on the ECB’s September 12th meeting and September 18th FOMC decision, but we can’t overlook a plethora of rate decisions that will likely signal continued additional rate cuts are coming and stimulus is just around the corner.  The RBA is expected to remain on hold for just one month, while the BOC and Riksbank are expected to deliver dovish messages that will see them join the global rate cutting club.  The Russian Central Bank (CBR) is expected to cut rates by 25-basis points.

Geopolitical risks remain giant thorns to the global outlook and heavy attention will remain on Hong Kong’s turmoil and the ongoing saga of Brexit.  In Germany, Saxony and Brandenburg will hold regional elections.  AFD seems to be gaining momentum and we could see Merkel’s party continue to struggle, prompting concerns she will depart sooner.

The bond market will be focused on whether we see a record low made with the 10-year Treasury yield.  Fed speak will closely be watched from the hawkish Rosengren, centrists Bowman and Williams, and doves Kashkari, Evans, Williams and Bullard.

Central Banks this week (for currencies that we offer):

Monday – No meetings

Tuesday – Reserve Bank of Australia (RBA)

Wednesday – Bank of Canada (BOC)

Thursday – Sweden Central Bank (Riksbank)

Friday – Russia Central Bank (CBR)

Central Bank Speakers (at the time of writing)

Monday – No speeches

Tuesday – SNB Presentation of new 100-Franc note, Fed’s Rosengren (hawk, dissenter), BOJ Goshi Kataoka

Wednesday – ECB’s Lane (dove), Fed’s Williams (moderate, voter) in NY, Fed’s Bowman and St Louis Fed President Bullard speak, Fed’s Kashkari (dove, non-voter) speaks in Minneapolis, Fed’s Beige Book released, Fed’s Evan’s (dove, voter) speaks on trade.

Thursday – ECB’s Guindos (centrist) speaks in Frankfurt, Riksbank post-rate decision press conference, BOE’s Tenreyro speaks in Frankfurt, BOC Schembri give economic progress report

Friday – No speeches

Markets

New US import tariffs on Chinese goods kick in on Sunday, September 1st.  If we continue to see a conciliatory tone from both China and the US, we could see risk appetite improve and safe-havens may soften. If we don’t see US or Chinese officials agree on a face-to-face meeting date in DC, we could see risk aversion quickly return and drive US stock markets and dollar-yen lower. Another key risk event for USD/JPY is if we see the inversion between the 10-year and 2-year Treasury yields deepen. The longer we stay in inverted territory, the greater the calls will be for the US to see a recession next year.

Bitcoin

Bitcoin seems to be losing bullish momentum as concerns grow that tighter regulation is about to come from China as they prepare to launch their own cryptocurrency.  Short-term bullish bets seem to be coming off quickly as the psychological $10,000 level has been unable to hold up.

Oil

Oil remains highly sensitive to trade war movements and its impact on the global economic – and demand – outlook. Risks remain to the upside for oil as Hurricane season heats up and US stockpiles are declining at a fast pace, easing some recession worries.

Gold

Gold’s bullish trade is extremely overcrowded as the prospects of fresh global stimulus grow, more countries are adopting negative interest rates, along with geopolitical risks from Brexit and Hong Kong. If we do see a major de-escalation with the US-China trade war, we could see an exaggerated selloff to squeeze out some weak bullish positions. From a macroeconomic standpoint, gold should out-perform the other safe-haven currencies once we see the Fed capitulate and commit to an easing cycle.

Politics

Turkey

Following the August 25th flash crash lira volatility could see wild moves as Turkish liquidity returns from a national holiday on Monday. Continued weakness from Germany, Turkey’s largest export destination will continue to weigh on the economy. Turkish bond equity markets will be closed on Friday for a public holiday.

Brexit

Boris Johnson will suspend parliament, commencing between 9th and 12th September (tbc) until the Queen’s speech on 14th October. The move leaves MPs that want to block no deal with little time to do so and increases the chance of no-deal Brexit. The next week could therefore be action-packed and full of surprises. Massive swings in the pound looks almost guaranteed, with there being particular vulnerability to the downside if government fails to block no-deal or bring down the government.

Italy

Five Star Movement has agreed to go into government with the Democratic Party, with Giussepe Conte returning as Prime Minister for a second term. One stumbling block to the alliance will be an online poll of Five Star members to back the coalition. The party has previously been hostile towards PD and so support may not be as straightforward as you’d typically expect. Italian equities and yields have been very sensitive to political developments and obstacles still lie ahead. The euro has so far shrugged off the political instability both because of the limited impact beyond its borders.

Hong Kong

Pro-democracy demonstrations are still ongoing, now approaching three months, and constantly shift from peaceful to violent at the drop of a hat. Hong Kong’s airport authority now has an indefinite court injunction against protesters which prevents them from storming and strangling airport traffic, like happened a few weeks ago. Reports suggest Carrie Lam is considering invoking the Emergency Regulations Ordinance, last used in 1967, which would give her sweeping powers to quell the protests. This has drawn criticism from members of her own cabinet and legal experts. Saturday marks the fifth anniversary of Beijing handing down a restrictive electoral framework on Hong Kong, and the Civil Human Rights Front is planning mass marches. The Hang Seng has a chance to post its first up-week since mid-July, but this is currently only marginal. It could quickly reverse depending on weekend developments. USD/HKD is constantly testing the upper limit of the trading band at 7.85.

The risk of protests turning violent increases the risk of a heavy-handed response from China. Troops moving in from across the “border” would be negative for global risk and China/HK shares, potentially fueling further capital outflows from the territory. Asia might be caught up in contagion risk. The next important date is October 1, China’s National Day, with big parades planned in Beijing and President Xi Jinping in attendance. There is growing speculation that the HK “situation” will be “sorted” before then, so as not to detract from the nationalistic headlines.

China

China’s response to Trumps latest tariff hike has been quite measured, with levies raised on just $75b worth of US goods. They are still promoting the “calm face” of negotiation, though it is unsure if the planned September meetings will still go ahead. The next significant data point will be the NBS manufacturing and non-manufacturing PMIs scheduled for release on Saturday August 31. Whilst only a marginal deterioration in the PMI is expected, it continues to build a picture of a weakening Chinese economy. No doubt Trump will tweet on weak data prompting greater volatility the following Monday. Meanwhile we face the risk rollercoaster from Trump and his actions and Tweets.

North Korea

Latest intel reports suggest North Korea may be building a ballistic missile submarine and may be preparing for vessel-based test launches, though analysts suggest this could be more than a year away. This would be a significant advancement in the nuclear missile threat and more difficult to counter. So far, the test missile launches have proved to be nothing special or threatening, though Japan has expressed concern that any new type of weapons system may be able to breach its missile defence system.

India

Bilateral relations on the India-Pakistan border at Kashmir are deteriorating with India revoking its special status awarded to the region via the Constitution. Pakistan meanwhile is said to be considering closing its airspace to Indian carriers and blocking India’s land route to Afghanistan. The risk is further escalation to a war stance.

While not a global game-changer at the moment, a war between the two neighbours could hit risk appetite in the region and force superpowers from both East and West to be dragged into the skirmish and forced to choose sides. That would be a huge negative for risk appetite.

Japan

One of the few positive notes is that the US and Japan appear to be edging closer to a mini-FTA, with Trump and Abe announcing a tentative deal on Aug. 25, with a goal of working out final details by the end of September. Things are not so rosy with South Korea, where trade relations are souring rapidly, which started a few weeks ago when Japan removed Korea from a trusted exporter list. More likely a skirmish that will be contained locally as China is the focus for the majority of Asia’s export-oriented economies.

Australia

The RBA meeting on Tuesday could be another one on pause mode, with market pricing only assigning a 10% chance of a 25 bps cut from the current record low of 1%. The last set of employment data was strong, with solid jobs growth and a stable unemployment rate at 5.2%. There is a slight risk of a surprise cut, but more likely we could get a more dovish tone to the statement. Q2 GDP data on Wednesday could spring a positive surprise, with latest estimates suggesting a slight improvement to +0.5% q/q from +0.4%. A dovish statement or a surprise cut would pile additional pressure on an already weak Aussie dollar. It’s fallen vs the US dollar for the past six weeks. Other G-7 Q2 data has been flat to negative, so positive growth could be a boon for AUD.

Sweden

The central bank has indicated its intention to raise interest rates from the current level of -0.25% later this year or early next. The central bank did emphasize the need for caution given the easing tendency of the Fed and ECB and weaker global economic developments. The market is no longer pricing in the next move to be a rate hike, but now see odds slowly growing for the Riksbank to join the rest of the world in providing stimulus.

Mexico

The biggest risk in LatAm is the presidential address by AMLO in Mexico. His first year in power has been plagued by low growth and rising violence, but this type of events are more ceremonial and not likely to influence the markets. Yet, given he is known for going off script there is a small possibility that his comments influence the MXN. Mexico avoided a technical recession by having a growth rate of 0, instead of a contraction in the second quarter. The USDMXN is at yearly highs and continues to be pressured by EU-China trade war and Argentina default risks and contagion.   The US holiday on Monday will mitigate any reactions, but could be a gap when the market opens on Tuesday, although that is unlikely.

South Africa

Speculation is growing that South Africa will lose their last investment grade status. Moody’s is expected to move up their review from November as government takes on too much debt from Eskom. The rand will likely trade on EM flows, which will mirror the overall direction of the dollar. A downgrade to junk however should see a major selloff with the rand.

Source: marketpulse

Labor Day will not be quiet at all, as the US-China trade war remains tense, as certain tariffs kick in and will start to weigh on the US economy.  Politics will remain a focal point as some UK officials will try to stop Boris Johnson’s plan to suspend Parliament.  Continued deterioration with Chinese manufacturing data also have global recession concerns on high alert and have markets bracing for the next wave of monetary and fiscal stimulus.

Markets remain firmly focused on the ECB’s September 12th meeting and September 18th FOMC decision, but we can’t overlook a plethora of rate decisions that will likely signal continued additional rate cuts are coming and stimulus is just around the corner.  The RBA is expected to remain on hold for just one month, while the BOC and Riksbank are expected to deliver dovish messages that will see them join the global rate cutting club.  The Russian Central Bank (CBR) is expected to cut rates by 25-basis points.

Geopolitical risks remain giant thorns to the global outlook and heavy attention will remain on Hong Kong’s turmoil and the ongoing saga of Brexit.  In Germany, Saxony and Brandenburg will hold regional elections.  AFD seems to be gaining momentum and we could see Merkel’s party continue to struggle, prompting concerns she will depart sooner.

The bond market will be focused on whether we see a record low made with the 10-year Treasury yield.  Fed speak will closely be watched from the hawkish Rosengren, centrists Bowman and Williams, and doves Kashkari, Evans, Williams and Bullard.

Central Banks this week (for currencies that we offer):

Monday – No meetings

Tuesday – Reserve Bank of Australia (RBA)

Wednesday – Bank of Canada (BOC)

Thursday – Sweden Central Bank (Riksbank)

Friday – Russia Central Bank (CBR)

Central Bank Speakers (at the time of writing)

Monday – No speeches

Tuesday – SNB Presentation of new 100-Franc note, Fed’s Rosengren (hawk, dissenter), BOJ Goshi Kataoka

Wednesday – ECB’s Lane (dove), Fed’s Williams (moderate, voter) in NY, Fed’s Bowman and St Louis Fed President Bullard speak, Fed’s Kashkari (dove, non-voter) speaks in Minneapolis, Fed’s Beige Book released, Fed’s Evan’s (dove, voter) speaks on trade.

Thursday – ECB’s Guindos (centrist) speaks in Frankfurt, Riksbank post-rate decision press conference, BOE’s Tenreyro speaks in Frankfurt, BOC Schembri give economic progress report

Friday – No speeches

Markets

New US import tariffs on Chinese goods kick in on Sunday, September 1st.  If we continue to see a conciliatory tone from both China and the US, we could see risk appetite improve and safe-havens may soften. If we don’t see US or Chinese officials agree on a face-to-face meeting date in DC, we could see risk aversion quickly return and drive US stock markets and dollar-yen lower. Another key risk event for USD/JPY is if we see the inversion between the 10-year and 2-year Treasury yields deepen. The longer we stay in inverted territory, the greater the calls will be for the US to see a recession next year.

Bitcoin

Bitcoin seems to be losing bullish momentum as concerns grow that tighter regulation is about to come from China as they prepare to launch their own cryptocurrency.  Short-term bullish bets seem to be coming off quickly as the psychological $10,000 level has been unable to hold up.

Oil

Oil remains highly sensitive to trade war movements and its impact on the global economic – and demand – outlook. Risks remain to the upside for oil as Hurricane season heats up and US stockpiles are declining at a fast pace, easing some recession worries.

Gold

Gold’s bullish trade is extremely overcrowded as the prospects of fresh global stimulus grow, more countries are adopting negative interest rates, along with geopolitical risks from Brexit and Hong Kong. If we do see a major de-escalation with the US-China trade war, we could see an exaggerated selloff to squeeze out some weak bullish positions. From a macroeconomic standpoint, gold should out-perform the other safe-haven currencies once we see the Fed capitulate and commit to an easing cycle.

Politics

Turkey

Following the August 25th flash crash lira volatility could see wild moves as Turkish liquidity returns from a national holiday on Monday. Continued weakness from Germany, Turkey’s largest export destination will continue to weigh on the economy. Turkish bond equity markets will be closed on Friday for a public holiday.

Brexit

Boris Johnson will suspend parliament, commencing between 9th and 12th September (tbc) until the Queen’s speech on 14th October. The move leaves MPs that want to block no deal with little time to do so and increases the chance of no-deal Brexit. The next week could therefore be action-packed and full of surprises. Massive swings in the pound looks almost guaranteed, with there being particular vulnerability to the downside if government fails to block no-deal or bring down the government.

Italy

Five Star Movement has agreed to go into government with the Democratic Party, with Giussepe Conte returning as Prime Minister for a second term. One stumbling block to the alliance will be an online poll of Five Star members to back the coalition. The party has previously been hostile towards PD and so support may not be as straightforward as you’d typically expect. Italian equities and yields have been very sensitive to political developments and obstacles still lie ahead. The euro has so far shrugged off the political instability both because of the limited impact beyond its borders.

Hong Kong

Pro-democracy demonstrations are still ongoing, now approaching three months, and constantly shift from peaceful to violent at the drop of a hat. Hong Kong’s airport authority now has an indefinite court injunction against protesters which prevents them from storming and strangling airport traffic, like happened a few weeks ago. Reports suggest Carrie Lam is considering invoking the Emergency Regulations Ordinance, last used in 1967, which would give her sweeping powers to quell the protests. This has drawn criticism from members of her own cabinet and legal experts. Saturday marks the fifth anniversary of Beijing handing down a restrictive electoral framework on Hong Kong, and the Civil Human Rights Front is planning mass marches. The Hang Seng has a chance to post its first up-week since mid-July, but this is currently only marginal. It could quickly reverse depending on weekend developments. USD/HKD is constantly testing the upper limit of the trading band at 7.85.

The risk of protests turning violent increases the risk of a heavy-handed response from China. Troops moving in from across the “border” would be negative for global risk and China/HK shares, potentially fueling further capital outflows from the territory. Asia might be caught up in contagion risk. The next important date is October 1, China’s National Day, with big parades planned in Beijing and President Xi Jinping in attendance. There is growing speculation that the HK “situation” will be “sorted” before then, so as not to detract from the nationalistic headlines.

China

China’s response to Trumps latest tariff hike has been quite measured, with levies raised on just $75b worth of US goods. They are still promoting the “calm face” of negotiation, though it is unsure if the planned September meetings will still go ahead. The next significant data point will be the NBS manufacturing and non-manufacturing PMIs scheduled for release on Saturday August 31. Whilst only a marginal deterioration in the PMI is expected, it continues to build a picture of a weakening Chinese economy. No doubt Trump will tweet on weak data prompting greater volatility the following Monday. Meanwhile we face the risk rollercoaster from Trump and his actions and Tweets.

North Korea

Latest intel reports suggest North Korea may be building a ballistic missile submarine and may be preparing for vessel-based test launches, though analysts suggest this could be more than a year away. This would be a significant advancement in the nuclear missile threat and more difficult to counter. So far, the test missile launches have proved to be nothing special or threatening, though Japan has expressed concern that any new type of weapons system may be able to breach its missile defence system.

India

Bilateral relations on the India-Pakistan border at Kashmir are deteriorating with India revoking its special status awarded to the region via the Constitution. Pakistan meanwhile is said to be considering closing its airspace to Indian carriers and blocking India’s land route to Afghanistan. The risk is further escalation to a war stance.

While not a global game-changer at the moment, a war between the two neighbours could hit risk appetite in the region and force superpowers from both East and West to be dragged into the skirmish and forced to choose sides. That would be a huge negative for risk appetite.

Japan

One of the few positive notes is that the US and Japan appear to be edging closer to a mini-FTA, with Trump and Abe announcing a tentative deal on Aug. 25, with a goal of working out final details by the end of September. Things are not so rosy with South Korea, where trade relations are souring rapidly, which started a few weeks ago when Japan removed Korea from a trusted exporter list. More likely a skirmish that will be contained locally as China is the focus for the majority of Asia’s export-oriented economies.

Australia

The RBA meeting on Tuesday could be another one on pause mode, with market pricing only assigning a 10% chance of a 25 bps cut from the current record low of 1%. The last set of employment data was strong, with solid jobs growth and a stable unemployment rate at 5.2%. There is a slight risk of a surprise cut, but more likely we could get a more dovish tone to the statement. Q2 GDP data on Wednesday could spring a positive surprise, with latest estimates suggesting a slight improvement to +0.5% q/q from +0.4%. A dovish statement or a surprise cut would pile additional pressure on an already weak Aussie dollar. It’s fallen vs the US dollar for the past six weeks. Other G-7 Q2 data has been flat to negative, so positive growth could be a boon for AUD.

Sweden

The central bank has indicated its intention to raise interest rates from the current level of -0.25% later this year or early next. The central bank did emphasize the need for caution given the easing tendency of the Fed and ECB and weaker global economic developments. The market is no longer pricing in the next move to be a rate hike, but now see odds slowly growing for the Riksbank to join the rest of the world in providing stimulus.

Mexico

The biggest risk in LatAm is the presidential address by AMLO in Mexico. His first year in power has been plagued by low growth and rising violence, but this type of events are more ceremonial and not likely to influence the markets. Yet, given he is known for going off script there is a small possibility that his comments influence the MXN. Mexico avoided a technical recession by having a growth rate of 0, instead of a contraction in the second quarter. The USDMXN is at yearly highs and continues to be pressured by EU-China trade war and Argentina default risks and contagion.   The US holiday on Monday will mitigate any reactions, but could be a gap when the market opens on Tuesday, although that is unlikely.

South Africa

Speculation is growing that South Africa will lose their last investment grade status. Moody’s is expected to move up their review from November as government takes on too much debt from Eskom. The rand will likely trade on EM flows, which will mirror the overall direction of the dollar. A downgrade to junk however should see a major selloff with the rand.

Source: marketpulse

lastest Articles

Market Analysis
USD/JPY consolidates near 1-1/2 month tops, comfortably above 108.00 handle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
RBA Minutes: Little more downbeat
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Range trading – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
UK’s Raab: EU claiming no detailed plans put forward is a diplomatic pressure exercise
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD climbs back closer to multi-week tops, comfortable above mid-0.6800s
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Oil surges, how will EMs react? - TDS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead- Central banks the only game in town
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
JPY Futures: further downside on the cards
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD further upside not ruled out – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Hopes for a small trade deal boosts mood, EUR/USD digests ECB whipsaw, US consumer in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB press conference - September 12: Draghi speech live stream
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Breaking: ECB slashes rates by only 0.1% but announces QE, EUR/USD leaps, then crashes
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
Buckle Up, Get Set ...and GO!
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold trades with modest gains around $1490 level, lacks follow-through
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Germany’s Merkel: We still have every chance of orderly Brexit
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Risk tone improves on trade progress, focus shifts to ECB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: A test of the 1.1080 region looks unlikely near term
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/JPY consolidates recent gains to over 1-month tops, holds above 132.00 handle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY Technical Analysis: Rising odds for extra gains near term
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar Retreats After Jobs Miss and Higher Risk Appetite
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar Index Technical Analysis: The near-term constructive view stays intact above 97.96
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY Technical Analysis: Recovery stays firm. Next target at the 55-day SMA at 119.78
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold adds to Thursday’s steep decline, hits fresh 2-week lows
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR Futures: scope for extra gains near term
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB Pres. Nominee Lagarde: ECB need not be guided by markets
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/JPY climbs further beyond 129.00 handle, fresh weekly tops
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
GBP Pairs Margin Requirement Change
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Poised to encounter the August low
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD should continue to find buyers on dips under 0.6700 – Westpac
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: Further selling should see 1.0839 re-tested in the near term. Rebound not ruled out on ‘oversold’ condition
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD could drop further and test 1.0930 – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: further downside not ruled out
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY down move over?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – New Tariffs Begin on China as RBA, BOC, Riksbank and CBR have rate decisions
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
China Steals Fed’s Thunder With New Round of Tariffs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD once again finds support near 1.2100 mark, turns neutral post-UK services PMI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: The outlook remains bearish while below the 55-day SMA near 1.1230
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: China strikes back with yuan devaluation, yen surges, commodity currencies crash
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week ahead – Focus shifts east
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Fed-fueled dollar dominates, GBP/USD fears BOE's Super Thursday, and more NFP hints eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY sits near 2-month tops, comfortably above 109.00 handle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoE and global PMIs amongst market movers today
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY: a test of 109.00 stays on the table
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Fed: Market currently fully pricing a 25bps cut – Deutsche Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: GBP/USD, AUD/USD, NZD/USD -31.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold holds steady near $1425 area, focus remains on FOMC/US-China trade talks
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoJ: No fireworks offered
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, USD/JPY - 30.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/GBP climbs to 2-week highs around 0.9020
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoJ to move towards strengthening its forward guidance
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: GBP/USD, AUD/USD, NZD/USD -29.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: Looks neutral near term. A drop below 1.1100 cannot be ruled out
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
UK: Tough electoral rhetoric on Brexit - Rabobank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Fed: Scope for disappointment
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: Holding on above 1.1100 ahead of the ECB event
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold steadily climbs to session tops, back closer to $1430 area
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB and German IFO amongst market movers today
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold steadily climbs to session tops, around $1425 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP: Strength to be faded as we get closer to general election - ING
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD drops to 2-month lows near 1.1120 on poor PMIs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar Index Technical Analysis: Extra gains could now test 97.60 ahead of 97.80
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 23.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Oil: Talk of 'Hidden' Iranian barrels, demand worries preventing jump higher - TDS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD refreshes session lows, back below 1.2500 handle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 22.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Upside remains capped by the 21-day SMA around 1.1280
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar mixed and Stocks Fall as markets brace for more global easing
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP: Guided by the UK politics
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY: Back under pressure
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 18.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold technical analysis: Bears challenge a key pivotal support near $1400 mark
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 17.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY recovers from lows, back around 121.40
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Canada: Housing data in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 15.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR: ECB-related uncertainty lingers
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD Canadian Dollar Higher as Dollar Faced Fed Cut Pressure
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD: Less of a safe haven now - ING
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 12.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BOE’s Vlieghe: BOE may need to raise rates if inflation expectations are deanchored by a no-deal Brexit
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold technical analysis: Set-up remains in favour of bullish traders, dip-buying to help the downside
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD - 11.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bank Of England Sees Significant Market Volatility In Disorderly Brexit
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold steadily climbs to session tops, farther beyond $1400 handle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 08.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: USD looking strong, Turkish lira plunges, new trade tensions arise
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
King Dollar’s reign could end on Powell’s testimony and trade war progress
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD at the crossroads - ING
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Oil: Prices likely to rebound this year – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US: Payrolls likely to increase 150k in June - TDS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
RBA: More rate cuts to come? - Westpac
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s Lane: No comments on monetary policy
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold slips back closer to overnight swing low, below $1415 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: Further downside should test the 100-day SMA at 1.1259
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
RBA delivers consecutive cuts - TDS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, NZD/USD, USD/JPY - 02.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD Canadian Dollar Rises on Rate Divergence With Fed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
G20 meeting: Trump and Xi meeting in focus - Westpac
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY: Market stays immediately offered
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613