A UNIQUE FOREX BROKER WITH TIGHT SPREADS OFFERING MT4 | CTRADER | FIX API | PAMM | CUSTOM LIQUIDITY

ANALYZE THIS...

Trading in the FX Market is more than just plotting indicators and placing an EA on a chart. Fundamentals are the catalyst and the driving force behind price moves, and if you aren’t keeping your ear to the ground, any one of a myriad of news events can seriously ruin your day. Bookmark this page to stay up-to-date on trending news and upcoming news events that affect your trading.

Categorized Bliss

OH SH*T CALENDAR

UPCOMING FOREX NEWS EVENTS
  • LOADING...

  • DATE

    CURRENCY

    EVENT

    IMPACT

  • Loading events...

Market Events To Watch This Week

Monday, November 2111:00am EUR ECB President Draghi Speaks Tuesday, November 228:30am CAD Core Retail Sales m/m Wednesday, November 238:30am USD Core Durable Goods Orders m/m8:30am USD Unemployment Claims10:30am USD Crude Oil Inventories2:00pm USD FOMC Meeting Minutes Thursday, November 244:00am EUR German Ifo Business […]

READ MORE

Week Ahead – US December Rate Hike Chances Boosts Dollar

Fedspeak points to a rise in interest rates next month Fed fund futures are signaling a 95 percent probability of a rate hike when the Federal Open Market Committee (FOMC) meets on December 14. A repeat of last year’ lone rate hike is in the works for 2016. Donald Trump’ election while surprising seems to have brought […]

READ MORE

PIG TODAY-USD: Testimony from Fed Chair Yellen in focus – MUFG

Lee Hardman, Currency Analyst at MUFG, notes that the US dollar is continuing to test key technical resistance levels in the near-term which increases the risk that strength will accelerate further heading into year end. Key Quotes “The testimony today from Fed Chair Yellen could provide an important catalyst for the US […]

READ MORE

PIG TODAY-Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB

EUR/USD: Bearish: To take partial profit at 1.0640/45. In line with anticipation, EUR continues to move lower and touched 1.0663 yesterday. This level is just above the revised target indicated previously at 1.0640. While the bearish phase that started on Monday is still intact, shorterterm indicators are over-extended and […]

READ MORE

PIG TODAY-US: Tale of two big fiscal expansions – Deutsche Bank

Alan Ruskin, Macro Strategist at Deutsche Bank, suggests that a comparison of the Reagan and Bush fiscal expansions provide a sobering tale for those that think all fiscal stimuli are born equal. Key Quotes “It is helpful when a fiscal stimulus takes place in the early stages of recovery and has an asset cycle tailwind like […]

READ MORE

PIG TODAY-Gold drops back to $ 1225 as T-yields recover

Gold brought an end to its brief phase of consolidation in Europe, and broke to the downside amid a recovery in the US treasury yields across the curve Gold drops to test 5-DMA Currently, Comex gold futures trade 0.12% higher at 1225.75, having faced strong offers above $ 1230 levels. The yellow metal came under fresh […]

READ MORE

PIG TODAY-USD/JPY consolidating recent gains to multi-month high

After an initial downtick to session through level near 108.80 region, the USD/JPY pair managed to recover its lost ground and has now moved back above 109.00 handle. Currently trading 109.15-20 band, nearly unchanged from yesterday's closing level, the pair has now moved within striking distance of Tuesday's multi-month […]

READ MORE

PIG TODAY-Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB

EUR/USD: Bearish: Next target at 1.0640. There is no change to the bearish view for EUR  as we continue to anticipate a move lower towards the next major level at 1.0640. GBP/USD: Shift from bullish to neutral: In a broad 1.2300/1.2600 range. The break below 1.2400 yesterday indicates that our recent expectation for GBP to […]

READ MORE

PIG TODAY-USD longs edged back, EUR shorts fell back - Rabobank

Jane Foley, Senior FX Strategist at Rabobank, lists down the IMM net speculators’ positioning as at 08 November 2016. Key Quotes “The reported level of net USD longs edged back from the previous week’s strength on uncertainty about the US election result. While the surprise result initially pressured the greenback lower in […]

READ MORE

PIG TODAY-Market’s verdict on Trump victory - Natixis

René Defossez, Research Analyst at Natixis, suggests that for investors, the programme of Donald Trump is expected to lead to a deterioration in the fiscal situation and to drive up inflation, but at the same time it is expected to stimulate growth. Key Quotes “Hence, it will encourage the Federal Reserve to tighten its […]

READ MORE

PIG TODAY-Asian markets mixed after yen hits 5-month high

Asian markets showed resilience Tuesday to the emerging-markets selloff that had been hitting global markets, with shares broadly mixed and Asian currencies gaining some strength. “Trumpism is starting to get fully priced in to a certain extent,” said Greg McKenna, chief market strategist at forex broker AxiTrader, […]

READ MORE

PIG TODAY-USD, EUR, JPY, GBP, CAD, AUD, NZD: Weekly Outlook - Morgan Stanley

USD: Election Results Support USD. Bullish. The election results reinforce our structural USD bullish view. Three major policy initiatives (fiscal stimulus, trade, corporate tax reform) are likely to be USD positive and the markets focus on reflation should push USD higher against the low yielders, namely USDJPY. We expect […]

READ MORE

PIG TODAY-GBP: The “Trumpflation” trade - Nomura

Research Team at Nomura, suggests that the Trump does not mean Softer Brexit but does mean position reduction for the GBP. Key Quotes “It’s an interesting notion that Donald Trump’s (or “Mr Brexit’s”) election win could lead to a softer outcome for Brexit. The argument goes that it could lead to an improvement of the UK’s […]

READ MORE

PIG TODAY-Theresa May sets out stall for UK's place in Trump’s world

Britain must “adapt to the moment and evolve its thinking” to become a global leader in free trade, Theresa May is to say. The prime minister will pledge to lead the charge in remaking globalisation, days after Donald Trump was elected US president on the promise of protecting American industry and ending a string of free […]

READ MORE

PIG TODAY-Kuroda Speech at a Meeting with Business Leaders in Nagoya

It is my great pleasure to have the opportunity today to exchange views with administrative, financial, and business leaders in the Chubu region. I would like to take this opportunity to express my sincerest gratitude for your cooperation with the Bank of Japan's Nagoya Branch. At the September Monetary Policy Meeting […]

READ MORE

MARKET EVENTS TO WATCH THIS WEEK

Sunday, November 136:50pm JPY Prelim GDP q/q9:00pm CNY Industrial Production y/y Monday, November 1410:00am EUR ECB President Draghi Speaks4:45pm NZD Retail Sales q/q7:30pm AUD Monetary Policy Meeting Minutes Tuesday, November 152:00am EUR German Prelim GDP q/q3:15am AUD RBA Gov Lowe Speaks4:30am GBP CPI y/y5:00am GBP […]

READ MORE

Week Ahead – Trump Reflation Comments Boost USD

President-elect planning fiscal stimulus and tax cuts to boost growth The dollar is higher versus most major pairs as it continues to surge in the aftermath of the 2016 presidential election. The shock victory by Donald Trump is being taken in stride by the market after the initial recalibration of democratic win […]

READ MORE

PIG TODAY-USD/JPY off-highs, but holds above daily pivot

USD/JPY failed once again near 107 handle and fell sharply to test daily lows, although the bulls were once again rescued by a strong support placed near the daily pivot. USD/JPY strives for 107.00 The USD/JPY pair keeps its bearish momentum intact, with every attempt to 107 handle rejected amid subdued demand for the US […]

READ MORE

PIG TODAY-US: How markets will perform during the presidency of Donald Trump? - Natixis

Nordine Naam, Research Analyst at Natixis, suggests that the question now is how markets will perform during the presidency of Donald Trump, who will be sworn in on 20 January. Key Quotes “All will depend on exactly what measures are “actually” implemented. The president elect has already announced measures as part of a […]

READ MORE

PIG TODAY-USD/JPY Forecast: Doors open for July highs on ‘Trumponomics’

Dollar-Yen pair dropped to an Intraday low of 101.19 after Trump victory caught markets by surprise leading to a broad based risk aversion. The 10-year Treasury yield dropped 20 basis points in initial reaction to Trump victory. However, the Treasury yield recovered losses and rose above 2%, thus helping the Dollar regain […]

READ MORE

PIG TODAY-U.S. banks gird for Brexit-style tumult following Tuesday's election

U.S. banks, including Morgan Stanley, JPMorgan Chase & Co and Goldman Sachs Group Inc, are bracing for potential tumult on financial markets in the wake of Tuesday's U.S. election.Bank preparations ahead of the election reflect their experience following Britain's shock vote to leave the European Union in June, when the S&P […]

READ MORE

PIG TODAY -Nikkei: Yen less likely to soften vs. USD despite short-term chaos after US elections

The Nikkei, Japanese daily, published its latest outlook for the yen in relation with the outcome of today’s US elections. Key Quotes: “With more market players convinced that a probable U.S. rate hike in December would be the last one for some time, the yen is less likely to soften against the dollar despite some possible […]

READ MORE

PIG TODAY-Dollar, Mexican peso climb as FBI says no evidence against Clinton

The U.S. dollar and the Mexican peso strengthened Monday, after the FBI said no new evidence was found to warrant charges against U.S. presidential hopeful Hillary Clinton in the investigation of her emails The announcement Sunday by the Federal Bureau of Investigation Director James Comeytriggered dollar buying ahead of […]

READ MORE

PIG TODAY-EUR/USD fails above 1.1100, revisits daily lows

The EUR/USD pair stalled last week’s bullish momentum and kicked-off a new week sharply lower, on the back of resurgence of USD buying as FBI cleared Clinton’s email cases again. EUR/USD: Recovery remains capped by 1.1110                                              Currently, EUR/USD trades -0.60% lower at 1.1073, […]

READ MORE

MARKET EVENTS TO WATCH THIS WEEK

Monday, November 7Tentative CNY Trade BalanceTuesday, November 85:30am GBP Manufacturing Production m/mAll Day USD Presidential ElectionWednesday, November 911:30am USD Crude Oil Inventories4:00pm NZD Official Cash Rate5:00pm NZD RBNZ Press ConferenceThursday, November 109:30am USD Unemployment ClaimsFriday, November […]

READ MORE

Week Ahead US Presidential Election to Dominate Markets

Dollar Awaits Results of U.S. Elections The USD is lower across the board versus major currencies as the U.S. election enters its final stretch. The FBI investigation into Secretary Clinton’s emails has eroded her lead in the polls and the battle for swing states will be crucial. The eyes of the world will be watching as […]

READ MORE

PIG TODAY-Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

EUR/USD: Bullish: Target, 1.1145, 1.1200. We turned bullish EUR yesterday and there is no change to the view. The current movement is deemed as a short-term consolidation phase that may last for a couple of days. As long as 1.1000 is intact, the prospect of a move beyond 1.1145 still appears to be quite high. GBP/USD*: […]

READ MORE

PIG TODAY-BOE’s Cunliffe: BOE may tighten bank capital rules after Brexit relief

BOE MPC Member Sir Jon Cunliffe crossed the wires late-Thursday, via Reuters, noting that the British banks are likely to face tighter capital requirements to counter relief given to banks in the immediate aftermath of the Brexit-vote. Key Quotes: "We will offset this elsewhere to ensure that the overall stringency of the […]

READ MORE

PIG TODAY-What happens next? UK High Court ruling complicates Brexit

LONDON (AP) " Britain's High Court has ruled that the prime minister cannot trigger the U.K.'s exit from the European Union without Parliament's approval " a decision that complicates an already confusing situation riddled with uncertainties. The case, the first successful legal challenge since Britons voted in June to […]

READ MORE

PIG TODAY-BoE Super Thursday Briefly Steals the Spotlight

Investors will momentarily have their attention diverted away from the circus that is the US Presidential election, today, as Super Thursday in the UK shifts the focus back onto Brexit and the central banks response to it. The Bank of England has already responded quickly and effectively to the vote, cutting interest rates […]

READ MORE

PIG TODAY-03.11.2016-Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

EUR/USD: Shift from neutral to bullish: Target, 1.1145, 1.1200 As highlighted in recent updates, the undertone for EUR is clearly positive and the ease of which the major 1.1095 resistance was taken out yesterday suggests that the current EUR strength could extend further in the coming days. That said, shorterterm […]

READ MORE

PIG TODAY-Nov FOMC review: Forward guidance was modestly tweaked - RBS

Analysts at RBS explained in their review of the latest FOMC decision that the Fed provided no hints on a Dec Fed rate hike, but only made a slight change in its forward guidance policy. Key Quotes: “At today’s meeting the FOMC left the funds rate unchanged (as universally expected). The FOMC made few changes to the policy […]

READ MORE

PIG TODAY-USD/JPY breaches 103.00, at fresh monthly lows

The USD/JPY pair extends its downward spiral into a third consecutive day today, with the JPY bulls on fire amid widespread risk-aversion and thin markets. USD/JPY eyes 102.65 – next support The Japanese yen is seen extending its bullish move versus its American counterpart in mid-Asia, knocking-off USD/JPY to fresh […]

READ MORE

PIG TODAY-GBP/USD well supported around 1.2080 – Westpac

In opinion of Strategists at Westpac, Cable appears well supported around the 1.2080 region. Key Quotes “The BoE should provide more insights of what the longer term impacts of what Brexit may be within its Inflation Report”. “However, recently improved data should allow the MPC to remain on hold, whilst maintaining an […]

READ MORE

PIG TODAY-EUR/USD pushes higher, 1.1100 around the corner

The single currency is extending its march north on Wednesday, pushing EUR/USD to test fresh highs in the vicinity of the 1.1100 handle. EUR/USD now looks to PMIs, FOMC The pair’s upside has gathered further traction on Wednesday as the selling sentiment around the greenback remains firm in response to swelling uncertainty […]

READ MORE

PIG TODAY-Carney’s BOE Stay Won’t See Brexit Britain Out of the Woods

Governor said he will stay at BOE one year longer than planned Aims to help secure ‘orderly transition’ out of European Union<section class="article-body" data-tracker-label="body">Theresa May might find the benefits of Mark Carney’s new personal Brexit strategy are rather short-lived. By choosing to leave the Bank of […]

READ MORE

PIG TODAY-EUR: 'Mind Angela'; A Big Risk Ahead - Deutsche Bank

The market may be underestimating the risk of German Chancellor Merkel deciding not to run again in the 2017 election. Based on media reports and feedback from political contacts, we would put the likelihood at around 25%, albeit subject to significant uncertainty. She is expected to declare her intentions at a CDU […]

READ MORE

PIG TODAY-BOJ’s Kuroda: Will continue with ‘aggressive, bold easing’ until price target reached

BOJ Governor Kuroda is on the wires yet again, speaking in Diet on central bank’s commitment to reach 2% price target. Key Quotes: “Thinking over buying of local, municipal debt but not easy task” “Hard task to try to score direct hit of 2% inflation target” “Board will continue with ‘aggressive, bold easing’ until price […]

READ MORE

PIG TODAY-Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB

EUR/USD: Neutral: Bullish if daily closing above 1.1095. The anticipated corrective rebound exceeded our expectation by easily moving above the strong 1.1040 resistance. Upward momentum continues to improve and the undertone for EUR is clearly positive. However, EUR has to break above the major 1.1095 resistance before a […]

READ MORE

PIG TODAY-Carney stays, BoE could ease further – Danske Bank

Senior Analyst at Danske Bank Mikael Milhoj noted the recent decision from Governor M.Carney, while he expects the BoE to loosen its policy in the next months. Key Quotes “After many rumours, lots of criticism and ahead of the upcoming Bank of England (BoE) meeting on Thursday, BoE Governor Mark Carney announced he will […]

READ MORE

PIG TODAY-BOJ’s Kuroda: BOJ will continue with monetary easing

Additional comments crossing the wires from the Japanese central bank Head Kuroda, via Reuters, as his speech at the presser extends. Key Headlines: Govt is working towards meeting fiscal targets More effort needed to meet govt's primary budget surplus target BOJ will continue with monetary easing while paying heed to […]

READ MORE

GBP/USD Pair Consolidating

The GBP/USD pair is seen consolidating the upside almost throughout the Asian hours, having found solid support just below 10-DMA now located at 1.2216. GBP/USD awaits UK manufacturing PMI The cable is seen trying hard to do away with losses amid improved risk appetite, fanned by upbeat Chinese manufacturing reports and […]

READ MORE

PIG TODAY-Asian shares mixed; BOJ and RBA hold policy steady

Asian stock markets were mixed with Chinese markets higher, as RBA and BOJ left monetary policy unchanged. Australia's benchmark ASX 200 shed 0.59 percent, weighed by a 0.92 percent drop in the energy subindex and a 0.78 percent decline in the financials subindex. The Reserve Bank of Australia announced that it would leave […]

READ MORE

PIG TODAY-Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD - UOB

EUR/USD: Neutral: Rebound has scope to extend to 1.1040. The current rebound in EUR that started last week is gaining momentum and further extension seems likely. However, at this stage, a sustained move above the major 1.1040 resistance is not expected. Overall, this pair is expected to stay underpinned unless there is a […]

READ MORE

PIG TODAY-FOMC Preview: Fed is very unlikely to raise rate this week – Goldman Sachs

Economists at Nomura published with their expectations on the Fed interest rates policy, with almost a no Fed rate hike priced-in this week. Key Quotes: “We expect the statement following (the) FOMC meeting to remain relatively upbeat about US growth prospects” “However, the committee is very unlikely to raise the funds […]

READ MORE

PIG TODAY-USD, EUR, JPY, CHF, CAD, AUD, NZD: Weekly Outlook - Morgan Stanley

USD: Data Catalysts for USD Strength. Bullish. We believe the USD is moving back to its long-term bullish trend. The closing US output gap and its implications on monetary policy should move rate and yield differentials in favour of the USD. Compared to this time last year, the markets are pricing in fewer rate hikes for […]

READ MORE

PIG TODAY-Net long positions in JPY rose after three weeks of decline – Nomura

The Global FX Strategy team at Nomura, via its FX Positioning Index research note points to important change in FX market positioning. Key points JPY: According to IMM data for the week ended October 25, leveraged funds’ net long positioning in JPY rose after three weeks of falling (to 35% vs. 32% last week). The highest […]

READ MORE

PIG TODAY-USD/JPY Forecast: Will FBI Torpedo Clinton and US Dollar?

USD/JPY Forecast: Will FBI Torpedo Clinton and US Dollar? The American Dollar was offered in the NA session on Friday after news hit the wires that FBI reopened an investigation of Clinton emails. The Dollar-Yen pair dropped to a low of 104.46 before ending the day at 104.66 levels. Investigators found 650,000 emails on a […]

READ MORE

MARKET EVENTS TO WATCH THIS WEEK

Monday, October 319:00pm CNY Manufacturing PMI9:45pm CNY Caixin Manufacturing PMI11:30pm AUD Cash Rate11:30pm AUD RBA Rate StatementTentative JPY BOJ Outlook ReportTentative JPY BOJ Policy RateTentative JPY Monetary Policy Statement Tuesday, November 1Tentative JPY BOJ Press Conference5:30am GBP Manufacturing PMI8:30am CAD […]

READ MORE

Week Ahead: USD Loses Momentum Ahead of Employment Data Week

The Fed and employment data to guide markets in a busy week The week of October 31 to November 4 will be one of the busiest on record. Central banks, employment and growth data will be published in the middle of the final stretch of the U.S. elections. The Reserve Bank of Australia (RBA) and the Bank of Japan (BOJ) will […]

READ MORE

PIG TODAY-Inflation expectations remain anchored (thanks to the ECB) – ECB’s B.Coeure

Benoit Coeure, member of the Executive Board of the European Central Bank, has defended the ECB policy saying that inflation expectations in the region have remained anchored as a result of the central bank’s measures. Coeure also argued that there is little evidence of negative effects from the implementation of […]

READ MORE

PIG TODAY-GBP/USD supported near 1.2150, reverts to 1.2180

The GBP/USD pair once again found fresh bids ahead of the mid-point of 1.21 handle, sending the rate back towards 1.2200 levels, although the recovery ran into resistance near 1.2185 region post-European open. GBP/USD eyes US GDP for fresh impetus The cable is defending mild gains in the European session, as strengthening […]

READ MORE

PIG TODAY-BOJ loses bark and bite under humbled Kuroda

As his term winds down, Bank of Japan Governor Haruhiko Kuroda has retreated from both the radical policies and rhetoric of his early tenure, suggesting there will be no further monetary easing except in response to a big external shock. In a clear departure from his initial "shock and awe" tactics to jolt the nation from […]

READ MORE

PIG TODAY-JPY: The 'Fall Guy' Among Major Currencies; We Stay Short - SocGen

Markets are chasing their tail even more than usual at the moment. That mostly reflects what’s going on in treasuries, where 10s are back up at 1.8% this morning after a bearish day that lacked a clear reason to be so. Mixed data, a reasonable 5-year auction and more headlines from a poll in Florida that gave a bit of hope […]

READ MORE

PIG TODAY-USD/JPY - key hurdle intact, bulls take a breather

Dollar-Yen pair spent last ten hours or so flirting with 105.35 (23.6% of 2015 high - 2016 low) before bulls decided to have a breather. The spot is losing height at a snail’s speed, now trading around 105.10 levels. Eyes US data USD/JPY is a Fed play in a sense that the Bank of Japan (BOJ) has lost control of its currency. […]

READ MORE

PIG TODAY-NZD: Multiple Legs Of Support; A Trend Change Doesn't Look Imminent - ANZ

Last month we noted the NZD was fully priced and technically susceptible to a pull-back. That’s now occurred, but we’re not yet ready to call time on the kiwi. The medium-term bias for NZD is lower within our forecasts, but a trend change doesn’t look imminent: -NZ remains a strong contender on our economic scorecard […]

READ MORE

PIG TODAY-EUR/USD, GBP/USD: Position For 'European Policy Mire' - Credit Suisse

Recent data such as Germany's Ifo survey or composite PMI data have been far from shabby. And rate differentials vs. the US have largely been stable of late. Why then has EURUSD been trending lower again? We repeat our view that we believe the political environment in Europe is a major drag on the single currency. The UK's […]

READ MORE

PIG TODAY-What's Behind The 'Return' Of The USD? What's Next? - ANZ

After a period of being range-bound, we have seen a breakout in currency markets, with the USD posting gains. The DXY Index is nearing the important 100 level, which has proven to be a key technical resistance level. Since 2015, the DXY has surpassed that level twice, only for it to retrace lower (see Figure 2). So while […]

READ MORE

PIG TODAY-Kuroda again: Any attempt to weaken JPY would be FX intervention

Any attempt to weaken JPY against USD would be FX intervention Trying to achieve weak yen is intervention BOJ can only buy, sell FX as an agent of the government Any attempt to weaken JPY against USD would be FX intervention Trying to achieve weak yen is intervention BOJ can only buy, sell FX as an agent of the […]

READ MORE

PIG TODAY-BoC Setting The Stage For A Meaningful Dovish Shift; Upside Risk To Our USD/CAD Targets - Goldman Sachs

The Bank of Canada and Canadian Dollar have recently moved into focus. At last week's policy meeting, which was one of four meetings per year that include a formal forecast update and Monetary Policy Report (MPR), the forecast revisions surprised us on the dovish side and Governor Poloz put markets on notice that the Bank […]

READ MORE

PIG TODAY-German Consumer Sentiment Set To Fall In November

German consumer confidence is set to weaken to a 7-month low in November as weak global growth is expected to affect the domestic activity, a closely watched survey revealed Wednesday. The forward-looking consumer sentiment index fell to 9.7 from 10.0 in October, the Nuremberg-based market research group GfK said in its […]

READ MORE

PIG TODAY-EUR/USD: Targeting The Lower-End Of M/T Range - Credit Suisse

EURUSD paused to catch its breath  holding near the recent lows. This leaves the trend still directly lower to test price support next at 1.0826/22 ahead of the January low at 1.0711. We would expect to see a bounce here, but beneath it can expose the lower end of the medium-term range at 1.0610/05. We would look for a […]

READ MORE

PIG TODAY-USD U-Turn

US equities turned lower overnight as the US Consumer Confidence Index printed well below market expectations. The WTI traded heavy after Russia appeared to backtrack from any production cap accord. We could see further pressure on equity markets because oil prices plunged in late NY trade after the API reported a much […]

READ MORE

PIG TODAY-BOJ to keep stimulus unchanged in next policy meeting – BBG Survey

READ MORE

PIG TODAY-Why The USD Goes Higher? What's Next After Tech Breakout? - Morgan Stanley

There are two major drivers for the USD currently: monetary policy divergence and global capital flows. The USD started its recent leg higher just as the US 2y yield relative to the DM World broke out of a range (see Exhibit) it had been in since the start of the year. Initially it was the market pricing in the higher […]

READ MORE

PIG TODAY-EUR/USD: The View From Weekly & Monthly Charts - Citi

EURUSD weekly chart: suggest that new trend lows are likely in the not too distant future. The whole pattern in place since the lows in March 2015 looks to be a double top as a consolidation. That would be confirmed with a weekly close below the 1.0523 level and suggest a move towards the mid to low 0.90’s. The broad based […]

READ MORE

PIG TODAY-EUR: ECB Speakers In Focus; Volatile Path For EUR/USD Ahead - Barclays

ECB speakers this week, including President Draghi (Tuesday), should keep FX markets focused on the prospect of tapering. Other speakers include Executive Board Members Mersch and Praet on Thursday and Cœuré on Friday. ECB President Draghi confirmed last week that tapering had not been discussed at the October meeting, […]

READ MORE

PIG TODAY-Fed’s Bullard: December is ‘most likely’ for the next rate hike – ANZ

Research Team at ANZ, notes that the St. Louis Fed President (and FOMC voter) Bullard spoke in Arkansas yesterday and said that December is ‘most likely’ for the next rate hike. Key Quotes “But he also said that “the bottom line: low interest rates are likely to continue to be the norm over the next 2 to 3 years.” Of note, […]

READ MORE

PIG TODAY-EUR/USD stuck in tight range around 1.0875, IFO, ECB Draghi eyed

The EUR/USD bearish consolidation phase extends into Asia this Tuesday, as the bears gather pace for the next leg lower amid renewed demand for the US dollar across the board. EUR/USD capped below 5-DMA at 1.0891 Currently, EUR/USD trades modestly flat near session highs of 1.0880, having found support well above daily S1 […]

READ MORE

PIG TODAY-What's Really Behind The Ongoing USD Rally? - Credit Agricole

The USD buying has intensified ahead of the December Fed meeting. Expectations of USD appreciation supports demand from both global investors and corporates, with the former trying to buy the currency to meet the payments on their sizeable USD-denominated debt. Some EM central banks appear to respond to the growing demand […]

READ MORE

PIG TODAY-Dollar Bulls Await Fed Speakers Support Today

Monday October 24: Five things the markets are talking about With less than three-weeks until the U.S. elections, concerns over a “hard” Brexit and earnings season underway, is expected to see market volatility slowly pick up. Despite current U.S election polls indicating that Ms. Clinton is consolidating her Democratic […]

READ MORE

PIG TODAY-EUR/USD Forecast: still bearish, despite strong EU PMIs

The EUR/USD pair bounced modestly in the European morning, following the release of generally positive European PMIs, although the pair remains below the 1.0900 level, not far from the 7-month low set at 1.0859. Preliminary October figures show that the EU as a whole grew at it’s a fastest pace so far this year, led by […]

READ MORE

PIG TODAY- Weekly Outlook: USD, EUR, JPY, GBP, CAD, AUD, NZD - Morgan Stanley

USD: Further Gains Expected. Bullish. We increasingly believe the USD is moving back to its long-term bullish trend, driven by two factors. First, the closing US output gap and its implications on monetary policy should move rate and yield differentials in favour of the USD. Second, should global yield curves continue […]

READ MORE

PIG TODAY-The case for EUR/GBP longs - SocGen

How do we profit from a period of EUR/USD drifting lower in its current range as US Treasury yields edge higher, before possibly rising sharply at some point in the next six months, which is impossible to see with any precision? In spot, our preference is to take advantage of EUR/USD softness to buy EUR/GBP. The risk now is […]

READ MORE

PIG TODAY-Large Chinese banks seen selling dollars in FX market - traders

Oct 24 Large Chinese state-owned banks were seen selling dollars in the foreign exchange market in morning trade on Monday, traders reported. China's yuan weakened to hit fresh six-year lows against the dollar on Monday, and was trading around 6.7738 per dollar around midday. Three traders said big state-owned banks were […]

READ MORE

PIG TODAY-JPY: Some Catching Up To Do; NZD: N-Term Shorts Cleared Out - Credit Agricole

Despite lower US rates, USD/JPY has been broadly range bound while other USD crosses have moved significantly more. Indeed, USD/JPY has been broadly trapped in a range, which leaves some opportunity for the major to play catch up with rates. Importantly, interest rates remain the main driver of the USD/JPY with equities […]

READ MORE

PIG TODAY-BOJ frets about real estate lending boom, watchful of bubble risk

Oct 24 The Bank of Japan said on Monday it is closely monitoring bank lending to the real estate sector to guard against excessive credit that could lead to overheating and pose risks to financial stability. The BOJ does not currently see signs of a property bubble, according to a report it released on Monday. However, the […]

READ MORE

PIG TODAY-EUR/USD: There's Something New Going On Here - Deutsche Bank

What’s behind the moderately stronger USD and slightly weaker EUR? An evolving narrative had its roots in higher Treasury yields but has moved on to a collection of other issues including: less skepticism on Fed rate hikes; European political uncertainties that will soon clash with new US fiscal probabilities; path […]

READ MORE

Market Events To Watch This Week:

Tuesday, October 254:00 am EUR German Ifo Business Climate10:00 am USD CB Consumer Confidence10:35 am GBP BOE Gov Carney Speaks11:30 am EUR ECB President Draghi Speaks8:30 pm AUD CPI q/q Wednesday, October 2610:30 am USD Crude Oil Inventories Thursday, October 274:30 am GBP Prelim GDP q/q8:30 am USD Core Durable Goods […]

READ MORE

Week Ahead US Growth to Boost Dollar

December interest rate hike optimism has lifted the USD to 8 month highs Fed member comments and economic indicators showing sustained growth have convinced investors that the U.S. Federal Reserve will raise the Fed funds rate when its meets at the end of the year. The CME FedWatch tool is now at a 70 percent probability of […]

READ MORE

PIG TODAY-BOJ's Kuroda says they will promote easy monetary policy under new framework

Bank of Japan governor with scheduled speech 21 Oct aim to hit 2% inflation target at earliest possible date doesn't see any big problem that could destabilise Japan's fin systemReally? neg rate policy is weighing on financial institutions profits no sign of excessive risk taking or overheating in fin activityEveryone […]

READ MORE

PIG TODAY-EUR/USD: Targeting The Bottom Of This Year's Narrow Trading Range - BTMU

EUR/USD – BEARISH BIAS – (1.0825-1.1100) The euro continues to remain under downward pressure against the US dollar moving closer to the bottom of this year’s narrow trading range. Today’s policy signal from the ECB has contributed to a more volatile euro although our take was that the message was neutral and broadly in […]

READ MORE

PIG TODAY-USD/CAD: After The BoC Thrill Ride; Another Short-Lived Stab At 1.33 Ahead - TD

USDCAD was on quite a thrill ride yesterday, dropping nearly 1% before recovering. Market participant’s interpretation of the policy bias sparked much of the volatility in the market. Despite the confusion about the policy stance, our takeaway from the event was that the BoC reinforced its dovish bias introduced at the […]

READ MORE

PIG TODAY-Asian markets lower as odds of Fed rate hike increase

China stocks down on weakening yuan; typhoon closes Hong Kong exchange Asian shares were broadly weaker early Friday, as the odds of an interest-rate rise in the U.S. increased again, while oil prices gave up recent gains. Australia’s S&P/ASX 200 XJO, -0.16% was flat, while the Korea Kospi SEU, -0.36% fell by 0.3%, and […]

READ MORE

PIG TODAY-5 Reasons to Use VPS in Forex Trading

Do you know what “VPS” stands for and why it might be relevant to you as a Forex trader?  VPS stands for “Virtual Private Server.”  Usually when you hear the term, “VPS,” it’s in discussions about web-hosting for sites, not in discussions about Forex trading. A virtual private server may come in handy to you as a trader, […]

READ MORE

PIG TODAY-Parliament Must Have Vote on Brexit Deal

Britain’s parliament must have a vote on an eventual agreement between the United Kingdom and the European Union on leaving the bloc, said a senior lawmaker who is chairman of parliament’s Brexit committee. Prime Minister Theresa May has said she will invoke Article 50 by the end of March next year, starting a two-year […]

READ MORE

PIG TODAY-Mexican Peso Posts Huge Rally As 3rd Presidential Debate Ends

Mexican Peso stages an impressive rally as the Presidential Debates comes to an end. The Mexican Peso is probably the highest beta currency to the US Presidential Elections. Being sold aggressively through the primaries and the start of the campaign as Trump’s anti-NAFTA rhetoric weighed upon it, laterally rallying as The […]

READ MORE

PIG TODAY - EUR/USD Into ECB: Targets For 3 Scenarios - Credit Suisse

We see three scenarios for the ECB meeting as follows: 1. The ECB is clear and impressively decisive about its easing intentions: we suspect this would be enough to allow for a push towards EURUSD technical support levels around 1.09. If these do break then the natural extension would be to push on towards one-year lows […]

READ MORE

PIG TODAY-This is ECB chief Mario Draghi’s biggest headache

European Central Bank President Mario Draghi has a thorny problem on his hands. If the ECB doesn’t relax the rules governing which bonds are eligible for purchase under its €80 billion ($88 billion) a month bond-buying program, it will reach its self-imposed limit on German debt purchases by the end of next year, according […]

READ MORE

PIG TODAY-ECB Preview: Draghi Needs To Control Expectations

Expectations management will be ECB President Draghi’s principal task on Thursday. In this context, he will not have the option of repeating last month’s strategy of saying nothing. In particular, Draghi is likely to push back against any suggestion that there will be any near-term move to tapering bond purchases. He is […]

READ MORE

PIG TODAY-Dollar steady as investors await U.S. presidential debate, ECB

The dollar was steady in early trading on Thursday, as investors awaited the final debate before next month's U.S. presidential election as well as a European Central Bank meeting later in the day. While most recent opinion polls favour Democrat Hillary Clinton, Republican presidential nominee Donald Trump will try to use […]

READ MORE

PIG TODAY-Mario Draghi Faces Test at ECB Meeting Amid Investor Nerves

FRANKFURT—European Central Bank President Mario Draghi faces a delicate balancing act on Thursday: reassuring investors that he can boost the ECB’s €1.7 trillion ($1.87 trillion) stimulus again but without revealing how he plans to do so. The ECB is expected to leave its policy mix unchanged for a fifth straight meeting […]

READ MORE

PIG TODAY -EUR/USD: Sell At The Low-End Of The Former Range - Credit Suisse

The spotlight remains on a more important support zone at 1.0952/13. EURUSD’s decline has begun to slow on approach to what is seen as a more important support zone at 1.0952/13 – the June/July lows and the 61.8% retracement of the December 2015/May 2016 rise. We would expect a renewed effort to base here and to see an […]

READ MORE

PIG TODAY-GBP: Sterling Is 'Not Yet Cheap'; It's Still 10% Expensive - Goldman Sach

Since we reiterated our 3-month target of 1.20 for GBP/$, Cable has fallen sharply to within striking distance of our forecast*. Given how much Sterling has now fallen, much of the market dialogue revolves around the idea of “fair value”,with many making the point that the Pound is now very cheap. Indeed, on our fair value […]

READ MORE

PIG TODAY-Japanese Retail Traders Bought GBP Dips And Back To Long GBP/JPY - Morgan Stanley

The weekend after the GBP flash crash, it seems that Japanese retail FX traders bought the dip and are now back to being long GBPJPY. Our tracker also shows they are now short USDJPY for the first time since 2010. So far, GBPJPY has remained flat since they started buying last week but we think short JPY positioning could […]

READ MORE

PIG TODAY-EUR/USD rejected at 5-DMA in Asia

EUR/USD recovery gathered pace in Asia, but the momentum was not strong enough to push through 5-DMA hurdle at 1.11. EUR traders await ECB ECB is not expected to tweak its policy tomorrow, however, markets would scan the policy statement and would be all ears for Draghi’s speech for clues regarding possible timing of the QE […]

READ MORE

PIG TODAY-Will Brexit Trigger Exodus of Banks From London? : QuickTake Q&A

London has flourished as a financial hub over the past two decades in part because global banks could sell their goods and services freely around the European Union’s 28-nation trading bloc -- a $19 trillion integrated economy with more than 500 million citizens -- from their offices in the City of London financial […]

READ MORE

PIG TODAY-EUR/USD: En-Route To 1.08; USD/JPY: En-Route To 106 - Danske

We lower our EUR/USD forecasts to 1.09 in 1M (from 1.12 previously), 1.08 in 3M (1.12), 1.11 in 6M (1.14) and 1.15 in 12M (1.18).Over the next one to three months, politics, relative growth expectations and interest rates will weigh on EUR/USD. In particular, we expect recent signals that the UK will opt for a hard Brexit […]

READ MORE

PIG TODAY-EUR/USD – Euro Trading at 1.10, Markets Eye US CPI Reports

EUR/USD is showing little movement on Tuesday, as the pair slightly above the 1.10 line. On the release front, there are no Eurozone releases on the schedule. Later in the day, the US releases key consumer inflation numbers. Both CPI and Core CPI are expected to show small gains in the September release. On Wednesday, there […]

READ MORE

PIG TODAY-UK inflation accelerates, but BoE rate cut remains on the table - ING

James Knightley, Senior Economist at ING, notes that the UK inflation rose to 1% and pipeline price pressures are building, but the BoE is prepared to "look through" this situation and continues to focus on a relatively gloomy medium term growth outlook.Key Quotes “UK headline consumer price inflation rose a little more […]

READ MORE