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Having dropped closer to 100-day SMA support, the EUR/JPYcaught fresh bids and extended its up-ward trajectory to fresh session tops beyond mid-121.00s after Euro-zone inflation data.According to the flash estimates, released just a while ago, the composite Euro-zone headline inflation, as measured by CPI, is expected to […]

The USD/CAD pair continued gaining traction and has now moved back closer to 14-month highs touched in the previous trading session.With an initial sharp drop of 100-pips to 1.3530 region on NAFTA news, and subsequent sharp recovery of over 140-pips in wake of a slump in oil prices, it was a highly volatile session for the […]

EUR/USD: Bullish: Anticipating a move above 1.1000. While the relatively weak daily closing has dented the upward momentum, it is still early to expect a short-term top. As long as 1.0830 is intact, we continue to anticipate a break a move above 1.1000 even though we must admit that the odds for such a move have diminished […]

The research team at TDS points out that we have several data releases of varying importance, with the top one Eurozone CPI at 10am BST.Key Quotes “After the upside surprises in Germany and Spain yesterday, we revised our forecast from 1.7% y/y to on-consensus 1.8% y/y for April (a larger bounce in services prices than we […]

Crude oil futures dropped to a four-week low on Thursday as growing concerns over rising U.S. production gripped the market.West Texas Intermediate crude for June delivery CLM7, -1.05%  slid 47 cents, or 0.9%, to $49.16 a barrel, setting it on track for the lowest settlement price since March 28, according to FactSet data. […]

The research team at Amplifying Global FX Capital suggests that while the US administration is making broad tax proposals that impact on personal income tax, the most significant part of this reform is on corporate tax and there are several aspects of the corporate tax that appear to boost the USD.Key Quotes “The size of […]

The European Central Bank is set to keep its ultra-easy policy stance firmly in place on Thursday but may acknowledge better growth prospects, setting the stage for a small signal as early as June about an eventual reduction of stimulus.ECB President Mario Draghi is likely to point to still-weak inflation, muted wage growth […]

Fresh bids emerged just below 1.09 handle, prompting a tepid bounce in EUR/USD back towards daily tops reached previously at 1.0921. However, fresh sellers were queued up near the last, sending the rate back around 1.0915 levels.The major swung back onto the bids, as the greenback remains offered against most of its main […]

The research team at TDS explains that the focus for today will be the ECB’s rate decision, but we also have German inflation data for April. Key Quotes “We’ll get a better picture of where it’s tracking with the regional data released through the morning, but our early forecast calls for HICP to rebound from 1.5% to 1.8% […]

EUR/USD: Bullish: Anticipating a move above 1.1000.We just turned bullish yesterday and there is no change to the view. Despite the rather sharp overnight pull-back, momentum indicators still look bullish and we continue to anticipate a move above 1.1000. GBP/USD: Bullish: Overbought but room for extension to 1.2950. It has […]

Donald Trump has told the leaders of Mexico and Canada that he will not pull out of the North American Free Trade Agreement"at this time" after reports that the US president had drawn up an executive order to withdraw from the pact. The White House made the surprise announcement in a read-out of calls on Wednesday with […]

The following are brief expectations for the BoJ April meeting statement as compiled from the related research reports of 6 major banks. Overall, they see the BoJ meeting as a non-event with muted FX reaction.  Credit Agricole Research: The BoJ meeting and quarterly outlook report should have a limited impact on FX […]

FX Strategists at UOB Group sees there is room for the pair to test the 112.20 region in the near term.Key Quotes “The strong rally in USD yesterday was unexpected. The up move appears incomplete and further USD strength towards the 111.55/60 high seen earlier this month seems likely”. “The strong daily closing above the […]

The European Central Bank is not expected to change its policy at the April 2017 meeting. Nevertheless, the ECB always moves markets and this event will not be different. The key is the tone in Mario Draghi’s press conference. And the main yet unspoken driver of optimism is the result in the first round of the French […]

The roller coaster that is the Chinese stock market seems to be back in full force.Stocks in Shanghai had been in a period of relative calm so far this year, but a relatively precipitous drop of 2.7 percent this month has refocused attention on the markets. This year, investors have been buoyed by stronger economic data — […]

The buying interest in the US dollar gathered pace across the board over the last hours, knocking-off GBP/USD sharply towards 1.28 handle.Cable broke its Asian consolidative mode in early Europe, and came under aggressive selling pressure, mainly driven broad based US dollar rebound, despite a pause in the US yields rally. […]

EUR/USD: Neutral: Upside risk is greater but in a 1.0725/1.0935 range for now.We continue to hold the view that EUR is consolidating its gains (after spiking to a high of 1.0935 early yesterday) and is expected to trade sideways for now, likely holding between 1.0725 and 1.0935. Near-term bias is tilted to the upside but […]

Equities in Asia extended gains for a third session early Wednesday as sustained political optimism, currency tailwinds and the growing prospect of a U.S. tax overhaul whetted appetite for risk.Sparked by the success of centrist, market-friendly French presidential candidate Emmanuel Macron in the first round of the […]

The New Zealand dollar found some support from upbeat NZ credit card spending data, and hence, aids the recovery in NZD/USD from daily lows struck at 0.6922. The Kiwi stalled its three-day sell-off and now looks to regain 0.6950 barrier amid a minor-retreat in the treasury yields, which boosts the demand for the NZD as an […]

The analysis team at Amplifying Global FX Capital notes that over recent weeks, Key ECB Council members discouraged thoughts that the ECB would shift its QE and rates policy guidance in the meeting this week, countering some comments from ECB member policy hawks in late March that they might support a shift in guidance. Key […]

Shanghai share moves are at odds with the S&P 500 index Divergence is driven by China effort to rein in shadow bankingThe Chinese and U.S. stock markets are going in opposite directions. An intensifying crackdown against leverage in Asia’s biggest economy has rocked the hither-to unflappable Shanghai Composite Index over […]

The Canadian government is clearly pretty unhappy with the U.S. decision to slap a 20% tariff on softwood lumber imports from the country.The retaliatory action by the administration of U.S. President Donald Trump in a trade dispute will tax lumber used to build single-family homes. Commerce Secretary Wilbur Ross said the […]

Europe’s strengthening economy dodged a banana peel when a pro-EU candidate won the first round of the French presidential election.That won’t be enough, however, to make the European Central Bank signal an end to monetary stimulus program on Thursday. Nor will Sunday’s result by itself fix the long-term flaws that have […]

EUR/USD: Neutral: Upside risk is greater but in a 1.0725/1.0935 range for now.We continue to hold the view that EUR is consolidating its gains (after spiking to a high of 1.0935 early yesterday) and is expected to trade sideways for now, likely holding between 1.0725 and 1.0935. Near-term bias is tilted to the upside but […]

The GBP/USD pair prolonged its consolidative price action and is currently placed closer to the lower band of its five-day old trading range, near 1.2775 level.The pair traded with mild bearish bias for the third consecutive session and continued with its struggle to build on previous week's strong up-surge led by the UK PM […]

The US dollar paused its bullish run against its Canadian counterpart over the last hours, sending USD/CAD in a phase of upside consolidations near four-month highs reached at 1.3560. The spot rallied hard in Asia, after the bulls found renewed bids near 1.35 heads in the overnight trades. The Canadian dollar witnessed […]

The upbeat tone around the single currency stays unchanged at the beginning of the week, with EUR/USD in a consolidative mode around 1.0870.EUR/USD gains capped around 1.0920 The pair is looking to stabilize around current levels, partially fading the spike to fresh 2017 tops in the 1.0920 region seen during overnight […]

EUR/USD: Neutral: Upside risk is greater but in a 1.0725/1.0935 range for now.We indicated last Friday that “the bias is tilted to the upside but 1.0775/80 is acting as a very strong resistance and only a clear break of this level would indicate a move towards 1.0825 has started”. EUR opened with a gap higher this morning, […]

The EUR/USD pair is seen struggling to extend the bounce above 1.0880, wavering in the familiar range around 1.0860 region, after the bulls found solid support just ahead of 1.0830 levels during the European session.The spot is seen consolidating its sharp upmove witnessed in the weekly opening trades, after Macron and Le […]

Welcome back to the week ahead on Wall Street and a look at what investors need to know. We're coming down the home stretch of April and trying to save this month from being a real drag. Major indexes are hovering around nowhere land, with the Dow down a bit, the S&P 500 up just a tad, and the Nasdaq tech barometer the best […]

The counting continues, but it looks clear that centrist Emmanuel Macron will face off against far-right National Front leader Marine Le Pen in a May 7 French presidential election runoff that could decide the fate of the European Union. Indeed, French voters face a stark choice. Le Pen has called for scrapping the euro and […]

Gold gapped lower and extended losses to $1266; the lowest level since Apr 11 after Le Pen finished behind Macron in the first round of the French elections.Relief for markets & for polls The risk-on action could be attributed to the fact that the worst case scenario of Le Pen-Melenchon for the runoff has been avoided. […]

The euro briefly vaulted to five-month peaks on Monday after the market's favored candidate won through the first round of the French election, reducing the risk of a Brexit-like shock and sparking a mass unwinding of safe-haven trades. E-mini futures for the S&P 500 ESc1 climbed 0.8 percent in early trade, while yields on […]

European and Japanese Policy Makers Announce Policy DecisionsHigher political risk in 2017 was forecasted and so far it hasn’t disappointed. The calendar of democratic events expanded last week as the United Kingdom announced a snap election that will be held in June. The pound has appreciated above 2 percent since the […]

In view of the research team at Nomura, Japanese yen is likely to be the best currency to buy against the dollar in coming months.Key Quotes “The yen remains the top-performing G10 currency this year (and over the past month). In recent days, the yen has started to weaken against some key crosses, notably the euro – EUR/JPY […]

The dollar has been on the back foot for most of this week on fading hopes that the new Trump administration will not be able to push through fiscal stimulus any time soon.After the Republicans’ failure to repeal the Affordable Care Act last month, investors have been paring their dollar “reflation” positions, believing […]

Having failed to build on early up-move to 1.0740 region, the EUR/USD pair came under some renewed selling pressure and extended previous session's reversal from monthly highs.Bulls seemed unimpressed with mostly in-line / slightly better-than-expected release of Euro-zone PMI reports, with investors' turning nervous […]

The 3 months to March shows a decrease of 1.4%; the third consecutive decrease for the underlying 3 month on 3 month pattern. Looking at the quarterly movement, the 3 months to March 2017 (Quarter 1) is the first quarterly decline since 2013 (Quarter 4). In March 2017, the quantity bought in the retail industry is estimated […]

The Eurozone has seen substantial upward momentum in its PMIs over the last year, and analysts at TDS look for that trend to continue with the flash April prints today. Key Quotes “We look for the German manufacturing PMI to rise to 58.7 (mkt 58.0), and the French services PMI to 57.7 (mkt 57.0), leaving both measures […]

EUR/USD: Neutral: In a 1.0635/1.0780 range.While EUR hit the ‘rebound target’ of 1.0770 as expected (high of 1.0777), the sharp and swift pull-back from the top came as a surprise. Upward momentum has been dented and this pair has likely moved into a consolidation phase and is expected to trade within a 1.0635/1.0780 range. […]

The USD/JPY pair took a U-turn in Asia and fell further towards 109 handle, as the yen bulls regained control following the release of solid Japan’s manufacturing PMI data, which showed that the gauge hit the highest levels in two-months. Moreover, the latest leg down in the USD/JPY pair is also on the back of stalled USD […]

Speaking to BBG TV, Dallas Federal President Robert Kaplan was noted saying, via LiveSquawk, that 3 Fed rate-hikes remains a good baseline case, while having a gradual wind down of balance sheet.Key quotes: •  There are uncertainties for US consumers such as healthcare law•  Household balance sheets in US in relatively good […]

Gold oscillated within a narrow trading range, and struggled for a firm direction amid lackluster trading action on Thursday.A slight improvement in sentiment around riskier assets, as depicted by a mildly positive bias in European equity markets, dented the precious metal's safe-haven appeal. Meanwhile, a softer tone […]

French stocks rose Thursday, performing better than broader European equities, as gains for Publicis Groupe SA and Pernod Ricard SA helped relieve pressure from concerns over the outcome of Sunday’s presidential election vote.In Paris, the CAC 40 PX1, +0.92% moved up 0.5% to 5,029.68. That was better than the Stoxx Europe […]

Analysts at Lloyds Bank note that the UK pound held on to much of the gains recorded in the wake of the election announcement holding above 1.28 against the US dollar and will be guided by the politics and macro developments in the near-term.Key Quotes “The market continues to see an enhanced Conservative majority as […]

EUR/USD: Neutral: Immediate upward pressure towards 1.0770, possibly 1.0825. There is not much to add as we continue to expect the immediate EUR strength to extend higher towards 1.0770 (with much lower odds for further extension to 1.0825). Only a move back below 1.0635 would indicate that the immediate upward pressure has […]

Barclays Capital FX Strategy Research expects the GBP to remain supported going into the snap UK general election, but notes that global sentiment amid geopolitical risks is likely to stay a key driver in the near-term. On  the BoE front, Barclays doesn't expect the central bank to signal any change in policy stance over […]

The research team at ANZ explains that NZ’s headline inflation rose by more than expected in Q1, with one-offs leading the way and some core measures (trimmed mean and weighted median back above 2%) also lifting. Key Quotes “The details were far more mixed (while admittedly stronger than we had expected), with inflation […]

Asian markets rose Thursday following broad losses the previous two days but analysts warned caution was prevailing owing to geopolitical worries and fading hopes for Donald Trump’s massive stimulus drive. Energy firms were among the main laggards, tracking losses in their US counterparts, after a surprise jump in US […]

The pound slipped back in early Wednesday trade, but stayed above $1.28 as U.K. lawmakers prepared to vote on Prime Minister Theresa May’s plan for an early general election in June 8. Sterling GBPUSD, -0.0467%  bought $1.2816, down from $1.2841 late Tuesday in New York. The U.K. currency on Tuesday jumped by the most in […]

FX Strategists at UOB Group suggested that the pair's downside momentum could be running out of steam.Key Quotes “Expectation for USD to move above the major 109.30 resistance was wrong as we witnessed a swift pull-back from a high of 109.21. The down-move is lacking in momentum and is viewed as part of a broader […]

Eurozone trade surplus increased more-than-expected in February, as exports rose and imports fell, figures from Eurostat showed Wednesday.The seasonally adjusted trade surplus climbed to EUR 19.2 billion in February from EUR 15.7 billion in the previous month. Economists had expected the surplus to rise to EUR 18.5 billion. […]

EUR/USD: Neutral: Immediate upward pressure towards 1.0770, possibly 1.0825.The ease of which 1.0700 was taken out was unexpected. This coupled with the strong daily closing clearly indicates that the immediate pressure is on the upside. All in, as long as 1.0635 is intact in the next few days, there is a good chance that […]

The USD/JPY pair caught some fresh bids during Asian session on Wednesday and extended its consolidative price action around the very important 200-day SMA.Currently trading around 108.60-55 band, a modest up-tick in the US treasury bond yields helped the key US Dollar Index to bounce off three week lows and has been the […]

Danske Bank FX Strategy Research believes that EUR/USD will stay within the 1.04-1.10 on a 3-month horizon. However, in the near-term, Danske sees EUR risks mainly on the downside as (i) the Fed is set to become somewhat less accommodative than the market is pricing at present, and (ii) ECB will have to scrap exit […]

The EUR/GBP cross faded a knee-jerk bullish reaction, reversing all of its recovery gains to the key 0.85 psychological mark, and tumbled to fresh multi-week lows following the UK PM Theresa May's announcement.Spot ran through fresh offers after May confirmed that the UK snap election would be held 8th June. The […]

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the stance of EUR/USD stays negative while below the 1.0700 handle.Key Quotes “The Euro saw a small rebound at the end of last week, but this was tepid at best and is viewed as corrective only - the rebound is indicated to fail ahead of 1.0700. […]

Teresa May is due to make a statement in Downing Street at 11.15am amid speculation the Prime Minister could call an early general election. Mrs May is scheduled to make her statement immediately following a meeting of her Cabinet.The BBC's political editor Laura Kuenssberg confirmed the news and said such a statement is […]

EUR/USD: Neutral: In a 1.0555/1.0700 range.There is not much to add as EUR rebounded quickly after hitting a low of 1.0600 yesterday. Indicators are mostly flat and we continue to expect this pair to trade between 1.0555 and 1.0700, at least for another few more day. GBP/USD: Neutral: Anticipating a break above 1.2615. We […]

The research team at HSBC expects no policy changes at the 27 April policy meeting and for the ECB to maintain its forward guidance on interest rates.Key Quotes “After a rollercoaster ride for market rate expectations recently, Mario Draghi and ECB chief economist Peter Praet seem to have quashed expectations of an earlier […]

The analysis team at Lloyds Bank explains that their baseline policy rate expectation from the US Fed remains for two further rate rises this year to 1.5%, with the next one in June, and three hikes in 2018 to 2.25%.Key Quotes “The Federal Reserve Open Market Committee (FOMC) raised interest rates by 0.25% to 1.00% (upper […]

The shared currency wipes out gains and trades muted against its American counterpart in early Europe, keeping EUR/USD capped below the mid-point of 1.06 handle.The major trades quite choppy, although remains confined within a 15-pips narrow range, as markets await the European open for fresh impetus on the prices. The […]

In view of FX Strategists at UOB Group, Cable remains poised for a test of 1.2615 in the next weeks. Key Quotes “The current consolidation phase appears incomplete and GBP is expected to continue to trade sideways for now. That said, the immediate bias is for a probe higher towards the top of the expected 1.2500/1.2575 […]

According to the Commodity Futures Trading Commission (CFTC) Commitments of Traders (COT) report released on Friday, speculative net long positioning in gold rose sharply last week, registering an increase for the fourth consecutive week.The non-commercial futures contracts of Comex gold futures, traded by large speculators […]

EUR/USD: Neutral: In a 1.0555/1.0700 range. The sharp and rapid pull-back in EUR last Thursday was unexpected. We previously held the view that the rebound from last week’s 1.0568 low has scope to extend to 1.0750 but this seems unlikely now. This pair has likely moved into a consolidation phase and is expected to trade […]

The recovery in EUR/USD ran out of legs near 1.0625 in the Asian trades, but the bulls managed to keep the 1.06 handle heading into a holiday-quiet session ahead.The major met fresh supply over the last hours after the selling interest behind thegreenback waned amid a recovery in risk sentiment. Upbeat Chinese macro […]

The bid tone around the Japanese Yen strengthened in Asia on heightened geopolitical tension, pushing the AUD/JPY to a session low of 81.99 levels.Trades around 200-DMA The cross was last seen trading above the 200-DMA level of 82.05 levels. The sell-off in the pair ran out of steam last week around the 200-DMA, but the […]

The dollar lost ground in the lead up to the long Easter weekend. Will it continue? A mix of figures from all over the world awaits us now. Join us as we explore the market-movers coming our way. US data was mixed showing favorable consumer sentiment with disappointing inflation and retail sales figures. The University of […]

The GBP/USD pair continues to move back and forth in a 20-pips narrow range ahead of 1.25 handle, as the upside lacks momentum amid no fresh catalysts, in the wake holiday-quiet trading session today. Most major world markets are closed today in observance of Good Friday.Moreover, broad based US dollar recovery in the US […]

Analysts at ANZ tries to explain the dovish stance of RBNZ. Key Quotes “Capacity pressures are growing, headline inflation is close to hitting 2%, global growth is looking stronger and the NZD is down. It’s easy to point to the risk of inflaming the NZD on a shift in stance, the risks of moving pre-emptively (two failed […]

The AUD/USD pair seems to have entered a consolidative phase and seesawed between tepid gains / minor losses within a narrow trading band just above the very important 200-day SMA.Holiday thinned market liquidity condition has failed to provide any fresh impetus, forcing the pair to consolidate previous session's strong […]

The research team at ING notes that recently, President Trump in an interview with the WSJ said that the dollar is “getting too strong” and that he prefers a “low interest rate policy”. Key Quotes “While we've seen attempts from the President to talk down the dollar before, the reference to interest rates makes this […]

Asian stocks started lower in holiday-affected trading amid weakness in overseas markets and persisting geopolitical uncertainty, particularly involving the Korean Peninsula. Most markets in the world will be closed in observance of Good Friday, but there is some activity, including in Japan and China. In Japan, much of […]

The Associated Press reports the following comments from the North Korean foreign minister, via Tweeter. Will conduct next nuclear test whenever supreme headquarters sees fit President Trump is "making trouble" with "aggressive" tweets. The situation on the Korean Peninsula was in a "vicious cycle" as tensions with the U.S. […]

President Donald Trump hinted for the first time that he’s open to keeping Janet Yellen at the helm of the Federal Reserve. For markets trying to predict the future of monetary policy, that’s a change of heart that suggests continuity during an era of disruption in Washington.“I do like a low-interest rate policy, I must be […]

NAB FX Strategy Research holds the view that should European political risks pass, the ECB can gently set the scene for moving away from the extreme accommodative measures it has been following.As such, NAB notes that investors' immediate concern is squarely on what happens on 23/24 April and the results of the first round […]

• USD/CAD has broken the support at 1.3265 confirming an underlying bearish trend. Hourly resistances can now be found at 1.3340 (intraday high) and 1.3456 (04/04/2017 high). Support is given at 1.2969 (31/01/2017 low).• In the longer term, there is a golden cross with the 50 dma crossing the 200 dma indicating further […]

EUR/USD: Neutral: Rebound has scope to extend higher to 1.0750. While we indicated yesterday that the odds for EUR to extend lower have diminished, the sharp and rapid overnight EUR strength was unexpected. The 1.0568 low seen on Monday (10 Apr) is viewed as a short-term base and the current rebound has scope to extend […]

Trump trade unwinding extended into Asia, with the US dollar and treasury yields accelerating overnight downslide, after Trump jawboned the US currency late-Wednesday. Amidst broad USD softness, risk-off sentiment too drove markets in Asia, as safe-haven gold and yen clinched multi-month highs at the expense of risk assets […]

Steep losses in mining stocks following a collapse in the iron ore price weigh on the sharemarket, putting it on track for its first loss in five session, while the Aussie dollar is boosted by a surprise surge in new jobs. (Incredible) strength in the jobs market, as the economy creates 60.9k new (full-time) jobs in March […]

Trump Bump is associated with broad based US dollar strength and rally in the equities, base metals. But what we are seeing now is a “different kind of Trump Bump” – Trump’s bearish comments on the US dollar and the dovish talk about the interest rate bumped up EUR/USD/led to broad based losses in the US dollar. The 10-year […]

The USD/JPY pair failed to build on its tepid recovery move and retreated back to mid-109.00s during early NA session.Spot ran through fresh offers near the 109.75 region amid persistent geopolitical tensions in the Korean Peninsula and an unexpected US strike on a Syrian airbase. The prevalent cautious mood is reinforced […]

NZD/USD could accelerate the downside towards the 0.6900 handle in the next weeks, according to FX Strategists at UOB Group.Key Quotes “In line with expectation, the 0.6921 low seen of Monday was ‘safe’ as NZD rebounded rapidly and strongly from a low of 0.6931”. “The recovery appears to have scope to extend higher towards […]

In the 19-country patchwork that is the euro area, how well the European Central Bank's quantitative easing program has gone since it started in March 2015 depends a lot on which country you're looking at.One of the four markers of a healthy inflation outlook that ECB President Mario Draghi set down in January is that price […]

Christian Lawrence, Research Analyst at Rabobank, expects the Bank of Canada to leave its policy rate unchanged at 0.50% today and also maintains the view that the BoC is unlikely to change the policy rate in the next year.Key Quotes “At this week’s meeting we will also see the BoC’s new Monetary Policy Report.” “Macro data […]

EUR/USD: Neutral: Diminished odds for extension lower.Despite the overall negative undertone, EUR has been unable to make much headway on the downside. The recent downward pressure is easing and the odds for extension towards 1.0525 have diminished. That said, only a break above 1.0665 would indicate that a short-term low […]

In a newspaper interview, EU Commission president Juncker noted that he does not see Italy leaving the European Union (EU).Key Headlines via Reuters: Have not seen Italy’s economic and financial document but Govt's commitment is certainly in right direction In medium and long term Italy must reform public finances and […]

Gold reversed majority of its early Asian session gains to fresh 5-month tops and has now retreated back to $1275 region ahead of the European opening.Escalating geopolitical tension around the Korean peninsula continued boosting demand for traditional safe-haven assets and helped the precious metal to build on previous […]

You’re not too busy and it’s not too complicated: 5 simple tips for investingThe stock market doesn’t care if you are a woman or a man; the rewards from investing are gender neutral, with no glass ceiling. Yet compared with men, most women (including many women with MBAs from top schools) have a blind spot when it comes to […]

Tone-deaf comments from United Airlines’s CEO add to woes for the carrier this morning and shareholders, with stocks on a flight path to fall this morning.That’s not going to help the S&P 500, which looks stuck in a rut right now. What investors should do, says Josh Brown of the Reformed Broker blog, is take a look at an […]

EUR/USD fell to a new reaction low at 1.0570 in Monday’s trading but is currently making a move to the upside, breaching the 1.0600 level and currently trading at 1.0617, a gain of 0.21% over Monday’s North American close.In today’s session, it was reported that Eurozone industrial production declined 0.3% in February. This […]

The EUR/USD pair extended impressive German data-led recovery move further and has now risen to fresh session tops near 1.0615-20 region.Spot caught some fresh bids on Tuesday after the German ZEW Economic Sentiment Index rose in April to its highest level since August 2015. Upbeat German data pointed to robust economic […]

The EUR/JPY cross staged a modest recovery bounce post German data and reversed majority of its daily losses to sub-117.00 level, near 5-month lows touched during early European session on Tuesday.Currently trading around 117.30-40 band, the release of better-than-expected German ZEW survey for April provided a temporary […]

EUR/USD: Neutral: Immediate downward pressure towards 1.0525.EUR edged below last Friday’s 1.0578 low to touch 1.0568 before recovering quickly. As indicated yesterday, the immediate pressure is still on the downside and we continue to expect a move lower towards 1.0525. That said, downward momentum is not as impulsive as […]

Shuaib Chowdhary, Macro Strategist at Deutsche Bank, recommends to go long on USD/JPY pair as their G10 trade idea of the week. Key Quotes “Target 114, entry 111.2, stop 109” “Firstly, JPY remains expensive on 2Y nominal rate differentials, which points to a fair value of 120 for USDJPY.” “According to our RSI indicator, […]

Bank of America Merrill Lynch FX Strategy research notes that USD has tested So, what's next for USD/JPY?BofAML thinks that the pair go through a volatile April full of risk events, the extent of JPY strength . "While our bullish stance on the USD/JPY since January has not materialize yet, we believe the medium-term […]

The GBP/USD pair held on to its recovery gains, albeit struggled to build on early up-move and remained stuck within 15-20 pips narrow trading range around the 1.2400 handle.The pair on Monday staged a goodish recovery despite of post-NFP US Dollar recovery move from 5-month lows touched on Monday. Growing Fed rate-hike […]

According to the research team at Rabobank, after a market over-reaction (at least in the eyes of the ECB) to Nowotny’s suggestion that the ECB could hike rates prior to ending the asset purchases, several Council members took to the stage to reassure markets that it is illogical to hike before the asset purchases have been […]

The Australian dollar started the week extending the trend that it experienced in the previous one. And that trend is to the downside. AUD/USD is trading at 0.7490, under the round level of 0.75. The trough so far has been 0.7478.The pair last traded at these levels back on January 17th, when it was enjoying an upwards […]

Thomas Julien, Research Analyst at Natixis, explains that the US employment gains were much weaker than expected in March (+98K versus +180K expected) but most of this slowdown is probably attributable to weather conditions (favorable in February but negative in March) with a sharp slowdown of job gains in weather sensitive […]