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

The fewest Americans in almost 44 years filed applications to collect unemployment benefits last week, indicating the job market continues to power forward. Jobless claims fell by 19,000 to 223,000 in the week ended Feb. 25, the fewest since March 1973 and exceeding the lowest projection in a Bloomberg survey of economists, […]

Robert Rennie, Research Analyst at Westpac, explains that with various Fed speakers all singing from the same “appropriate soon” song sheet, the US$ leg looks like it has found a base here but risks from Dutch and French elections and of course the odd ‘twitter bomb’ leave the ¥ leg a near term risk and thus he stick with […]

After yesterday’s late rebound from weekly lows, gold prices slipped on Thursday and traded with bearish bias for the third trading session in previous four.Recent hawkish rhetoric from various FOMC officials stoked market expectations for an imminent Fed rate-hike move at its meeting on March 14-15 and is evident from a […]

EUR/USD: Neutral: In a 1.0500/1.0680 range. We noted yesterday that “the rapid pull-back has resulted in a slight negative undertone” and the relatively weak daily closing suggests that the downward pressure has increased further. That said, 1.0500 is a rather strong support and only a ‘sharp and rapid’ break below this […]

Themes: Trump-driven in H1, Draghi-driven in H2 It is all about the USD for now. We expect US fiscal stimulus, which together with political risks in Europe should help weaken the EUR in H1. Although we remain positive on France, investors will hedge the French elections following Brexit and Trump surprise wins. We expect […]

A fresh buying-wave gripped the USD/JPY pair in early Asia on the back of Fed member Brainard’s hawkish remarks, sending the rate to fresh two-week highs at 114.16 levels, before easing slightly amid subdued performance seen behind the treasury yields, which keeps a lid on the USD index. The rally in USD/JPY also lost legs […]

EUR/USD: Neutral: In a 1.0500/1.0680 range. There is not much to add as EUR traded in a relatively narrow range of 1.0568/1.0630 yesterday. However, the failure to move above 1.0630 for the second straight day and the subsequent rapid pull-back has resulted in a slight negative undertone. That said, any weakness from here […]

President Trump’s address was high on rhetoric and light on detail, leaving the market underwhelmed. The address to Congress was released a good hour before the main event this morning. Mr Trump followed it word for word with no surprises or add-ons leaving the street (and myself) with the feeling of being underwhelmed. […]

Bank of Japan (BOJ) Governor Kuroda crossed the wires last minutes, making a speech in Parliament again today. Headlines: Fiscal policy and BOJ easing can have synergy effects

EUR/USD: Neutral: In a 1.0500/1.0680 range. The short-term downward pressure has eased with the move back above 1.0620 yesterday (high of 1.0630). Indicators are mostly flat now and EUR has likely moved into a consolidation range, expected to be between 1.0500 and 1.0680. The price action near the extremes of the range […]

Gold prices clocked 3-1/2 month high of $126387/Oz on Monday. The yellow metal is on a tear since early January despite flat action in the treasury yields and record rally in the US stocks. The 2-year treasury yield, which is more sensitive to short-term interest rate/inflation expectations, topped out on Dec 15 at 1.3% and […]

The AUD has continued to defy predictions – including our own – for its imminent descent from the high to the low 0.70s. Alongside the inability of the USD to recapture almost any of the ground it lost in January, the global economy, commodity prices and risk appetite have all been travelling on a higher plane than we […]

EUR/USD: Neutral: Diminished odds for extension to 1.0450/55. We highlighted last Friday that “only a move back above 1.0620 would indicate that the immediate downward pressure has eased”. EUR hit a high of 1.0617 during NY hours but eased off from there. However, the pull-back from the top is clearly lacking in momentum […]

The Dollar-Yen pair fell for the third consecutive on Friday as the 10-year Treasury yield fell to one-month low. The spot fell to a low of 11.93 before ending the last week at 112.145. The bid tone remains weak in the Asian session, with the pair falling from 112.31 to 111.95 levels. The 10-year Treasury yield dropped to a […]

The GBP/USD pair is trying hard to extend the recovery above 1.2430 regions, as the bears continue to fight for control amid prevalent risk-off market environment. The cable was knocked-off to fresh 2-week lows at 1.2392 after the pound met heavy supply pre-Tokyo, as the GBP markets reacted negatively to the weekend’s story […]

The Associated Press (AP) quotes a senior administration official, noting that the US President Trump is expected to sign a new refugee and immigration executive order on Wednesday. Trump’s initial order temporarily halting all entries into the US from seven Muslim-majority countries was blocked by a federal judge. The USD […]

Monday, February 278:30 am USD Core Durable Goods Orders m/m Tuesday, February 288:30 am USD Prelim GDP q/q10:00 am USD CB Consumer Confidence7:30pm AUD GDP q/q8:45pm CNY Caixin Manufacturing PMI Wednesday, March 14:30 am GBP Manufacturing PMI10:00 am CAD BOC Rate Statement10:00 am CAD Overnight Rate10:00 am USD ISM […]

Trump to Speak Before Congress on Feb 28 The U.S. dollar is mixed against majors as the Federal Open Market Committee (FOMC) minutes pointed to an interest rate hike “fairly soon” but were contrasted with cautious comments from Treasury Secretary Steven Mnuchin that have reduced expectations of pro-growth policies being […]

China’s central bank is going digital. After assembling a research team in 2014, the People’s Bank of China has done trial runs of its prototype cryptocurrency. That’s taking it a step closer to becoming one of the first major central banks to issue digital money that can be used for anything from buying noodles to […]

EUR/USD – BULLISH BIAS – (1.0450-1.0800) Again, like above, there are no obvious risk events to focus on in the week ahead and hence our inclination is to give the current momentum greater influence in the bias for the week ahead. We don’t really agree with selling the dollar on the back of the FOMC minutes but the softer […]

Analysts at BNP Paribas have initiated two short AUDUSD trade recommendations: through cash (targeting 0.74) and through buying the 9m risk-reversal which currently trades at 8-year levels of cheapness.Key Quotes “AUDUSD has rallied to post US-election highs above 0.77 and this has corresponded with a build-up in long AUD […]

EUR/USD: Neutral: Diminished odds for extension to 1.0450/55. The downward pressure mentioned in recent updates is waning rapidly and the odds for an extension to 1.0450/55 have diminished. That said, only a move back above 1.0620 would indicate that the immediate downward pressure has eased. All in, EUR has to move and […]

Research Team at BBH notes that there had been some concern that the Trump Administration was going to jettison the more than 20-year strong dollar policy. Key Quotes “Trump himself has been critical of many countries, including Japan, Germany, and China.  The targets are not so new.  They can be found in recent Treasury […]

EUR/USD: Neutral: Immediate downward pressure, room to extend to 1.0450/55. EUR hit a lot of 1.0492 yesterday before rebounding quickly. We highlighted the patchy downward momentum and the price action was not surprising. The recovery indicates that the downward pressure has waned somewhat but as long as 1.0620 is intact, […]

Oliver Harvey, Macro strategist at Deutsche Bank, notes that the Swiss sight deposit data suggested another sharp pick-up in intervention from the SNB last week, with an additional CHF 4.5bn of franc liquidity created after an increase of over 7bn in the previous fortnight. Key Quotes “1.06 appears to be the new unofficial […]

Greg Gibbs, Director at Amplifying Global FX Capital, suggests that the recently releases FOMC minutes were a confusing set of minutes that say, on the one hand, many want to raise fairly soon, but on the other, many say there is likely to be ample time to respond if signs of rising inflation pressure emerge. Key Quotes […]

Significant AUD downside has started to look more like a tail risk than a central forecast. Commodity prices have risen more than anticipated, liquidity remains ample and volatility is expected to remain in check.Valuation has also corrected. There is now a negative risk premium priced into the AUD which suggests that even […]

Bank of Japan’s (BOJ) Kiuchi, while speaking with media, said frequently raising yield curve target would boost rate hike bets, making it further difficult for the central bank to manage the yield curve. Kiuchi added, “Increasing bond buying comes at a cost”. Kiuchi, while talking to Bloomberg earlier today, said the […]

German IFO Business Climate Overview The German Ifo surveys are lined up for release later today at 9GMT. The headline Ifo Business Climate Index is expected to edge lower to 109.6 in Feb. The Current Assessment sub-index is also seen lower at 116.7 this month, while the Ifo Expectations Index – indicating firms’ […]

Broad based US dollar retreat appears to have stalled over the last hours, allowing a tepid-bounce in USD/JPY back towards the mid-point of 113 handle, with strong offer seen lying at 10-DMA barrier of 113.54. The spot is last seen exchanging hands at 113.44, reversing a dip to 113.33, session lows. The major found some […]

For all the talk of discord and chaos on the US political scene, this environment reminds us of the period around 2005-07when commodities were strong, equity markets lacked volatility while making new highs and all forms of carry and illiquidity were in favour, with exotic currencies all the rage, against a backdrop of slow […]

EUR/USD: Neutral: In a 1.0580/1.0750 range.As noted yesterday, the short-term bias is tilted to the downside and a move below the expected 1.0580/1.0750 consolidation range would not be surprising. That said, based on the current momentum, any decline is expected to struggle to move below last week’s low at 1.0520. Only a […]

The GBP/USD pair remained stuck within its recent trading range and reversed some of Monday's recovery gains as investor look forward to the Bank of England Governor and several MPC members' testimony on the inflation and economic outlooks before Parliament's Treasury Committee. On Monday, the pair rebounded from a […]

The USD/CAD pair ignores the oil-price strength and rises sharply in the Asian session, lock-stepping in with the US dollar. USD/CAD targets 50-DMA at 1.3199? Currently, the USD/CAD pair advances +0.27% to 1.3141, having posted daily tops at 1.3149 last hour. The major is seen consolidating the Asian recovery well beyond […]

USD: The Split USD. Neutral. US data has continued to come in on the strong side, supporting our argument that the US output gap is closed and inflation should pick up. However, US real yields have remained muted, helping financial conditions stay loose and risk appetite stay supported, creating a sweet spot for EM. While […]

EUR/USD: Neutral: In a 1.0580/1.0750 range. EUR registered an ‘inside day bar’ last Friday but closed near the low of the day. While there is no change to the current neutral view, the weak daily closing suggests that the short-term bias is tilted to the downside. A move below the expected 1.0580/1.0750 consolidation range […]

USD/JPY jumped to a high of 114.96 earlier last week, but the subsequent failure on the part of the 10-year treasury yield to hold above 2.5% took the wind out of the dollar bulls. The pair ended last week on a weak note at 112.92 levels. At the time of writing, the spot was trading around 112.88 levels. US markets are […]

Notes from Fed to boost Dollar on short US trading week The U.S. dollar is higher against most major pairs ahead of the Presidents Day long weekend. American economic fundamentals had a strong week, but failed to gain traction given the rise of political risk as Trump’s administration continues to send mixed messages to […]

EUR/USD: Neutral: Downward pressure has eased, in a 1.0580/1.0750 range. While we indicated yesterday that the pull-back from the 1.0825/30 high two weeks ago is trying to form a base, the rapid rise that easily took out the strong 1.0640 resistance came as a surprise (overnight high of 1.0680). Downward pressure has […]

The EUR/USD pair consolidated its sharp recovery move from Wednesday's multi-week lows and was confined in a 15-20 pips narrow band around multi-day tops near 1.0670-75 band. Despite of the recent upbeat US economic data, including a trio on Thursday, and growing prospects for an eventual Fed rate-hike action, the greenback […]

16 February 2017 ECB’s net profit for 2016: €1.19 billion (2015: €1.08 billion) Net interest income on securities held for monetary policy purposes: €1.04 billion (2015: €0.89 billion) Interest income on foreign reserve assets: €370 million (2015: €283 million) Expenditure for supervisory tasks recovered via fees: €382 […]

The Trump administration sparked fears of global currency wars after calling the euro “grossly undervalued,” but maybe that notion isn’t so off base, strategists say. In a new report out on Wednesday, Bank of America Merrill Lynch calls the shared currency EURUSD, +0.2264%  “undervalued” and particularly when comparing the […]

In view of Karen Jones, technical analyst at Commerzbank, the USD/JPY pair is likely to ease lower in the near-term. Key Quotes:  "USD/JPY has stalled at the 55 day ma at 115.02 and is likely to ease lower near term. We view last weeks low at 111.59 as an interim low. A close above the 115.62 19th January high is needed to […]

The greenback extended overnight reversal move, helping the GBP/USD major to move within striking distance of reclaiming 1.2500 psychological mark. Currently trading around 1.2490-95 band, the pair has now recovered over 100-pips from yesterday's sub-1.2400 level and has been primarily driven by a follow through greenback […]

After yesterday's reversal from one-month high, sluggish US Dollar performance had been a key theme during Asian session on Thursday despite of Wednesday's strong US economic reports, record high levels for the US equity indices and rising treasury bond yields. Lack of sustained follow through buying interest in wake of […]

EUR/USD: Neutral: Stabilization only if above 1.0640. EUR exceeded the ‘short-term target’ of 1.0530 yesterday with a low of 1.0520. The sharp rebound from the low coupled with oversold conditions suggest that the current pull-back (from the 1.0825/30 high two weeks ago) is trying to form a base. However, only a move back […]

Federal Reserve Chair Janet Yellen defended the central bank's independence Wednesday from Republican lawmakers who are pushing for major changes in how the central bank operates and how regulators oversee the nation's banking system. During a hearing that stretched over four hours, GOP lawmakers repeatedly challenged […]

EUR/USD: Neutral: No signs of stabilization, expect extension to 1.0530. In line with expectation, EUR continues to grind lower and touched a ‘fresh low’ of 1.0559 yesterday. The undertone is still negative and we continue to expect further weakness towards the major 1.0530 support (the next significant support is much […]

More comments from Japanese fin min Aso, via Reuters, this time speaking on the Chinese economy; US interest rates hike and fx volatility. Key Headlines: If US were to raise rates 3 times this year, risks would rise for emerging economies It’s clear that China's economic growth won't continue It's about how and when the […]

The dollar gained traction against the yen on Friday, ascending again after President Donald Trump’s pledge to unveil a tax plan in coming weeks. The U.S. dollar USDJPY, +0.45%  advanced to ¥113.70, higher than ¥113.25 late Thursday in New York. Meanwhile, the EURUSD, -0.0375%  was flat at $1.0661 from $1.0657. The WSJ […]

In April, the ECB will cut the pace of its monthly purchases from EUR80bn to EUR60bn. This, coupled with growing purchases of shortdated bonds, trading below the deposit rate floor, should compound the risks for EUR ahead of the election season in the Eurozone. A slower pace of asset purchases will coincide with a period of […]

USD/JPY has been trading weakly ahead of the meeting between US President Trump and Japan’s Prime Minister Abe on Friday. Investors’ cautious stance amid political uncertainty in the US and euro area likely put upside pressure on JPY. Leveraged funds’ JPY short positions have unwound recently. Japanese policymakers are […]

The Telegraph quotes comments from the former BOE Governor Mervyn King, citing that the Brexit vote and the election of Trump as the US president “raised questions” over whether “the [political] parties we have at present – in the US or the UK – actually have lost touch”. King added, “Why they were created in the first […]

Analysts at TDS provide a brief preview of the key events due on the cards from the UK docket later today. Key Quotes: “No top-tier data, but Governor Carney is speaking at 6:30pm GMT. The event is an Inclusion Reception at the BoE, so it’s not clear whether he’ll be addressing monetary policy at all.”

EUR/USD: Neutral: Immediate downward pressure towards 1.0615, possibly 1.0575. EUR touched a low of 1.0638 yesterday before rebounding quickly. While the overall outlook for this pair is still viewed as neutral, shorter-term indicators suggest that the current pull-back from last week’s 1.0825/30 top has room to extend […]

The buying interest around the greenback remains well and sound today, currently flirting with daily tops in the 100.60 area when measured by the US Dollar Index (DXY). US Dollar challenges multi-day tops The index is extending its upside momentum during the first half of the week, advancing well above the psychological […]

EUR/USD: Neutral: Immediate downward pressure towards 1.0615, possibly 1.0575. The ease of which the strong 1.0700 support was taken out came as a surprise (low has been 1.0653). EUR has likely made a short-term top at 1.0825/30 last week and the current pull-back from the high appears to have room to extend lower towards […]

Swelling figure may spur Trump to step up claims of Japanese currency games The Bank of Japan's holdings of Japanese government bonds has topped 40% of the outstanding balance for the first time, the central bank said Wednesday. The BOJ has been snapping up JGBs in large quantities since it implemented drastic monetary […]

The AUD/USD pair rallied as high as 0.7680 after the RBA talked up the Australian economic growth prospects in its monetary policy statement, although the rally lost steam as broad based US dollar strength put a lid on the prices. AUD/USD holds above 5-DMAs Currently, the AUD/USD pair rises +0.16% to 0.7671, retreating from […]

The dollar enjoyed a strong run after Election Day, but the Trump administration has turned into a headwind for the buck and more troubles are ahead, strategists at J.P. Morgan warn. In a note out late Friday, the bank’s foreign exchange strategy team led by Paul Meggyesi said it had started to sell the dollar against the […]

EUR/USD: Neutral: In a 1.0700/1.0840 range. The recent short-term upward pressure has eased and EUR has likely moved into a 1.0700/1.0830 consolidation phase. Looking further ahead, the upside appears to be more vulnerable even though this pair has to ‘punch above’ 1.0840 or the recent lackluster price action would likely […]

Analysts at Natixis provide a brief technical outlook for trading GBP/USD in the week ahead. Key Quotes: “Given that the daily stochastic has turned downward, pullbacks cannot be ruled out towards 1.2458-1.2470 (weekly Bollinger moving average), possibly the support at 1.24 (daily Bollinger moving average).” “These […]

Monday, February 69:00pm NZD Inflation Expectations q/q10:30pm AUD Cash Rate10:30pm AUD RBA Rate Statement Tuesday, February 78:30am CAD Trade Balance8:30am USD Trade Balance10:00am USD JOLTS Job OpeningsTentative NZD GDT Price Index Wednesday, February 8Tentative GBP EU Membership Vote10:30am USD Crude Oil […]

Worker pay stagnated as US jobs beat expectations The U.S. dollar had another difficult week as it depreciated against most major pairs. Central banks remained on the sidelines as the Bank of Japan (BOJ), U.S. Federal Reserve and Bank of England (BoE) all left their monetary policies unchanged awaiting further data. The […]

US President Donald Trump will halt and review a financial regulation implemented under the Obama administration, which requires retirement advisers to work in the best interests of their clients said news agency Bloomberg on Friday. In addition, Trump ordered a review of the Dodd-Frank act rules, emerged after the […]

EUR/USD: Neutral: Bullish if daily closing above 1.0840. EUR hit a high of 1.0828 yesterday but eased off quickly. As highlighted in recent updates, despite the generally positive undertone, EUR has to close above 1.0840 to indicate the start of a bullish phase. This scenario is not ruled out just yet but the prospect for […]

The Bank of England governor Mark Carney is expected to give a press conference following the meeting of the Bank of England’s committee decision at 12h GMT. Forecasts indicate that rates will remain unchanged and will continue at historic low in 0.25%. So the attention will turn to the tone used by BOE’s governor in his […]

Goldman Sachs: No Changes; Cautious Tone But Slightly Hawkish.BOE to close out week of central bank inaction. We also expect no changes to the current monetary policy stance in the UK, but we think the tone of the Press Conference, Inflation Report and MPC minutes will be quite cautious but tilt slightly hawkish Morgan […]

Markets will be setting up for Friday's jobs report Thursday as investors await another batch of earnings reports, including Amazon.com. Traders are looking for a stronger than currently forecast showing for January employment, after ADP Wednesday reported a stunning 246,000 private sector payrolls for January. Economists […]

After yesterday's brief pause, the USD/JPY pair resumed with its near-term weakening trend and reversed previous session's tepid recovery gains. Persistent greenback selling pressure, with the key US Dollar Index reversing Wednesday's rather weak recovery gains and hitting the lowest level since mid-November, against a […]

The British Pound is benefiting from the upbeat sentiment surrounding the risk-associated space, with GBP/USD testing daily highs near 1.2700 the figure.GBP/USD focus on BoE The pair is advancing for the third session in a row so far today, up nearly 3 cents since Tuesday’s lows near the 1.2400 handle. The up move in spot […]

EUR/USD: Neutral: Bullish if daily closing above 1.0840. As noted yesterday, unless there is a clear move back below 1.0730 within these few days, the undertone for EUR is viewed as positive (overnight low has been 1.0729). However, only a daily closing above 1.0840 would indicate that this pair has entered a bullish phase […]

EUR/USD: Neutral: Bullish if daily closing above 1.0840. EUR edged above the top end of the expected 1.0600/1.0800 sideway consolidation range with a high of 1.0811 yesterday. The undertone has improved considerably and from here, a daily closing above 1.0840 would indicate that EUR has entered a bullish phase (with an […]

The Fed is not expected to take any action, but it could turn sentiment Wednesday. Strategists say while the Fed is not expected to raise interest rates, it could talk the talk of a confident-sounding central bank, set on hiking rates three times, as it has forecast for this year. That could be negative for bonds, and […]

Loose lips sink ships and overnight comments in the Financial Times cited Peter Navarro, director of Trump’s new National Trade Council and senior trade adviser, who said that Germany is using a “grossly undervalued” EUR to exploit the US and its EU partners. His comments sent the Greenback into a tailspin. It appears that […]

The Dollar Index sits at two-month lows after having posted its worst January performance in three decades. The index dropped to a low of 99.43 and was last seen trading just above the 100-DMA level of 99.64. As per Bloomberg data, the Dollar Index dropped 2.6% in January; its worst monthly loss since November 11. The […]

Italian banks have made little progress in reducing the mountain of bad debts which has curbed their ability to lend new money, fresh data showed on Tuesday. Italy's 14 biggest banks held 284.4 billion euros worth of so called non-performing exposures at the end of September, just 1.6 billion euros less than three months […]

EUR/USD: Neutral: In a 1.0600/1.0800 range. EUR dipped briefly to a low of 1.0617 yesterday but rebounded quickly. Indicators are mostly neutral which suggest further broad sideway consolidation in the coming days, likely within a 1.0600/1.0800 range. AUD/USD: Neutral: In a 0.7480/0.7630 range. The current movement in AUD […]

We recently revised our Fed call, looking for two hikes this year and three next year but don’t expect this week’s meeting to be market moving. This could favor a bit more range trading in the early half of the week but like buying into the USD pullbacks. This leaves us looking for attractive levels to add fresh longs in […]

Currency investors should consider selling GBP/USD this week, advises CitiFX in its weekly FX pick to clients. Sell at 1.2548, target 1.2310, stop loss 1.2685," Citi advises. *Citi weekly trades provide short term guidance on where they see 1-2 week opportunities in G10 FX markets. Unless Citi explicitly extends them, they […]

Japan’s finance minister is back on the wires now, via Reuters, declining to comment on direction and level of FX. Meanwhile, the USD/JPY pair wavers in familiar ranges near the mid-point of 113 handle, as dust settles over a non-event BOJ.

In today's decision, the Bank of Japan has also updated its outlook on groowth and inflation, with the former revised up marginally, while the latter sees no change against market expectations, noting inflation is expected to remain on a weak note. Main headlines Core cpi expected +1.5 pct in fy2017/18 vs +1.5 pct projected […]

In the short run, we continue to expect EURUSD and GBPUSD to test major resistance levels, which is consistent with our roadmap from 1999, before turning again later. Looking back to 1999, as the DXY started turning higher in October of 1999, it did not rally against JPY. The rally was against European currencies and it is […]

USD: USD To Recouple With US Yields. Bullish. We expect USD to recouple with rising yields and strengthen against low-yielding currencies. The reflation trade remains in tact. We don't expect President Trump's comments about USD strength to sustainably impact USD and think sustainable USD weakness would only come from […]

The US Dollar came under some renewed selling pressure and witnessed a weekly bearish gap opening on Monday in wake of the US President Donald Trump's executive order on Friday, imposing a 90-day ban on travelers from seven Islamic countries.Trump's focus on protectionism, coupled with lack of clarity on the economic policy […]

The yen advanced against its peers in holiday thinned trade on Monday, strengthening as much as 0.7% against the dollar, with risk sentiment worsening after President Donald Trump’s travel ban order and ratcheting up of his protectionist stance.Sentiment has been bruised as thousands gathered in New York and Washington on […]

Analysts at Westpac offered an outlook for Australia's calendar this week. Key Quotes: "The NAB business conditions index for December is due Tuesday, along with private sector credit, also for December. December figures for building approvals and international trade are due Thursday. We look for building approvals to pare […]

Monday, January 30Midnight JPY Monetary Policy StatementMidnight JPY BOJ Outlook ReportMidnight JPY BOJ Policy Rate Tuesday, January 311:30am JPY BOJ Press Conference8:30am CAD GDP m/m10:00am USD CB Consumer Confidence4:45pm NZD Employment Change q/q4:45pm NZD Unemployment Rate5:35pm CAD BOC Gov Poloz Speaks8:00pm CNY […]

Central banks to remain on hold with politics at the forefront The dollar is weaker after the Trump administration remained more focused on anti-trade policies than the fiscal stimulus and infrastructure spending that lifted inflation expectations in the U.S. The first 100 days of Trump’ administration will be crucial. […]

Both the single currency and the Sterling remain under pressure on Friday, prompting EUR/GBP to deflate from session tops in the 0.8530 area. EUR/GBP looks to Trump/May The European cross has practically shrugged off yesterday’s deep sell off to lows in the vicinity of 0.8470 following a significant drop in the EUR in […]

In the short run, we continue to expect EURUSD and GBPUSD to test major resistance levels, which is consistent with our roadmap from 1999, before turning again later. Looking back to 1999, as the DXY started turning higher in October of 1999, it did not rally against JPY. The rally was against European currencies and it is […]

Nordine NAAM, Research Analyst at Natixis, notes that the since the start of the year, the US dollar has undergone a sharp correction against most G10 currencies and emerging currencies. Key Quotes “As a result, the DXY dollar index is down more than 3.5% from the 103.8 high set at the start of 2017, with the index […]

Analysts at Danske Bank suggest that there are a number of speeches by important ECB members including executive board member Mersch, Bundesbank President Weidmann and Bank of France's Villeroy.Key Quotes “ECB members are likely to become increasingly split as headline inflation picks up but core inflation stays low. […]

AUD/USD: Price broke down from its broad 2016 triangle in Q4 2016 and challenged the bottom of the nine-month range and our downside target at 0.7150/00 in December. The response to nine-month  lows  at o.7150/00 has  been positive however, completing a bullish three-week candle pattern in early January that triggered an […]

After a volatile ride on Tuesday, sterling posted a remarkable recovery on Wednesday. GBP/USD rallied through  1.26 while EUR/GBP dropped below 0.8550. With Prime Minister Theresa’s May speech (last week) and the Supreme Court decision (on Tuesday) behind us, financial markets have started to focus on other events, […]

Champagne corks were popping overnight after the DJIA finally topped the 20,000 ceiling, which has held stubbornly, despite several attempts  since mid-December. The move was a mix of Keystone euphoria and corporate earnings leading the way. Fixed income dealers here were quick off the mark as ten ten year UST touched […]

EUR/USD: Neutral: Diminished odds for towards 1.0820.EUR tried but failed to maintain a toehold above 1.0770 (high of 1.0774). The recent positive undertone has eased somewhat with the pull-back from the high but as long as 1.0670 is intact, another attempt to move towards 1.0820 is not ruled out just yet, even though the […]

Critical information for the U.S. trading day

The UK Supreme Court has ruled that the UK Government must seek Parliamentary authority to withdraw from the European Union and thus also to invoke Article 50. The Government has been blindsided by this ruling one suspect, and PM May will not be amused. To invoke Article 50 will now require an Act of Parliament to be […]

Judges reject U.K. government’s appeal, say it can’t trigger Article 50 without a parliamentary vote.