I’m struck at the enthusiasm of all and sundry to tell us that European and US growth rates will hardly be affected by the UK post-referendum slowdown. That flies in the face of the increased correlation of major economies’ growth rates in an ever more connected world...
EUR/USD: Bearish: Time running out for EUR bears, need to break below 1.0995/00 in these two days. While the outlook for EUR is still viewed as bearish with a stop-loss at 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, July 13th GBP/USD Current price: 1,3230 (-0,1...
Treasuries yields backed up steadily through overnight trading and the first part of the New York session into the 10- year auction and then extended the losses after weak auction results before recovering a bit later in the day to end with a sizable bear steepening sell the likes of which hadn’t...
The current JPY decline offers JPY buying opportunities. Thetrend towards a higher JPY will remain intact unless Japan radically changes its monetary policy strategy to boost inflation expectations...
There are two dominant themes that it is important to understand when analyzing the Canadian Dollar from a fundamental standpoint...
EURUSD: With the pair rejecting higher prices to close lower on Tuesday, more weakness is likely. Support lies at the 1.1000 level. Further down, support comes in at the 1.0950 level where a violation will aim at the 1.0900 level. A break of here will target the 1.0850 level...
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Talking Points USDCAD immediate short-bias at risk into BoC Updated targets & invalidation levels USDCAD 30min Technical Outlook: USDCAD failed to close above key resistance noted last week at the May high-day close at 1...
EUR/USD: We are overall bearish. Successive ‘‘doji’’ candles point to a breather from the recent sell-off. We prefer to fade upticks towards 1.1185 and look for a move lower towards the 1.0970 area and then the 1.0910 lows. Further out, we see room towards 1.0840 and then 1.0710...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, July 12th GBP/USD Current price: 1.3122 (1...
TRADING RECOMMENDATIONS The Japanese stock index Nikkei Stock Average on the basis of trading in Asia rose today by 2.5%, as investors close their short positions on the yen on expectations of growth "decisive stimulus" by the Bank of Japan...
EUR/USD: Bearish: Room to extend lower but 1.0820 is a major support. [No change in view]. While EUR dropped to 1.0995/00 last Friday (lowest level seen this month), downward momentum is far from impulsive and it is doubtful that this pair would accelerate lower from here...
GBPUSD: The pair turned higher on Monday leaving risk to the upside on correction in the days ahead. It was seen heading higher during early trading on Yuesday. On the downside, support lies at the 1.3000 level where a break will turn attention to the 1.2950 level...
Talking Points: USD/JPY Technical Strategy: The Trend Is Clearly Lower 200-Week Moving Average Remains The Line In The Sand (106.54) ABE: WILL ORDER PREPARATION OF ECONOMIC STIMULUS TOMORROW (BBG Headline) Watching For a Bear Market Bounce...
Gold and silver positioning in unchartered waters Specs buy Mexican pesos Copper specs still getting squeezed The COT Index is the difference between net speculative positioning and net commercial positioning measured...
Talking Points: - Japanese Prime Minister, Shinzo Abe, had a big win over the weekend as his conservative coalition appears to be set to take a super majority in the upper house of Japanese parliament...
Talking Points -Japanese Yen sells off on anticipation of fiscal stimulus coming from Japan -GBP/JPY presses into 133...
This daily digest focuses on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations and Chinese-language economic coverage in order to keep DailyFX readers up-to-date on news typically covered only in Chinese-language sources...
