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China: Housing Supports CPI Inflation; Subsiding PPI Deflation - ING Tim Condon, Chief Economist at ING, suggests that the evidence of demand-side CPI pressure and narrowing PPI deflation lessen the case for PBOC rate cuts...
Weakness of the US Economy has Undermined the Greenback - BBH Research Team at BBH, suggests that the weakness of the US economy and the caution by the Federal Reserve to raise rates again after the December lift-off has undermined the greenback...
The JPY has been the strongest performing G10 currency in 2016, which is at odds with the strong pace of outflows. There is no single explanation for why this is the case, but we think three reasons are worth highlighting: 1...
Oil Prices Wobble as Output Freeze is Viewed with Skepticism Oil prices recovered losses seen in early Europe, but gains are hard to come as markets believe next Sunday’s output freeze meeting in Doha is unlikely to help address supply glut issue...
Fair Value in USD/JPY – Deutsche Bank George Saravelos, Strategist at Deutsche Bank, suggests that the Japan’s biggest problem with the current yen rally is that it is justified by fundamentals. Key Quotes “Across most of our metrics USDJPY is still expensive or only just approaching fair value...
UK: Inflating the Risks? - ING James Knightley, Senior Economist at ING, suggests that the UK headline inflation is likely to stay low in the near term, but with sterling having plunged and commodity prices nudging higher, imported inflation could rise sharply in 2H16...
EUR/GBP Sinks to Lows Near 0.8000 The increasing buying interest around the British pound is now relegating EUR/GBP to trade in fresh lows in the boundaries of the psychological support at 0.8000. EUR/GBP lower on GBP/JPY buying GBP has been rallying vs...
USD/JPY Hit a Fresh 17 Month Low - Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that the USD/JPY hit a fresh 17 mth low prompting accusation from Chief Cabinet Secretary Suga that the recent currency moves were one-sided and speculative and the government would take steps as ne...
Short CHF/JPY – Deutsche Bank Research Team at Deutsche Bank, suggests to go short on the CHF/JPY as their preferred G10 trade of the week with entry being 113.30 level, while maintaining a stop loss of 118.50 for the target of 101.50...
GBP/JPY Stuck at Hourly 100-MA Short unwind in GBP/JPY that gathered pace in Europe appears to have come to halt around hourly 100-MA located at 154.03 levels. Profit taking after 1000-pip drop The cross suffered more than 1000 pip drop during last week’s Yen rally...
FXWIREPRO: BTC/USD Consolidates in Narrow Range, Good to Buy at Dips Major support - $400 BTC/USD has slightly retreated after making a low of $412 yesterday. It is currently trading around $419.72. Short term trend is slightly bullish as long as support $400 holds...
Political Pressure on the ECB Escalated - Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that the political pressure on the ECB has stepped up a few notches after German Finance Minister Schauble blamed ECB policies for a rise in support for Germany’s rightwing Alternative for Ge...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, April 11th EUR/USD stuck between strength in Yen and resulting weakness in EUR/JPY cross and EUR/GBP strength. Falling Fed rate hike bets is also ensuring the downside remains protected...
Return of Grexit Fears Unlikely – Deutsche Bank Research Team at Deutsche Bank, suggests that a return of Grexit fears as being unlikely over the coming weeks...
Fed Speakers Along with BoE and BoC to Take Centre Stage This Week – Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that there are no key data releases today although scheduled speeches from the Fed’s Dudley and Kaplan will ensure the outlook for Fed policy remains a prime focus...
EUR/CHF Door Open for a Test of 1.0737 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the cross could slip towards the 1.0730 area. Key Quotes “EUR/CHF has recently broken down from a triangle, our bias is negative”. “Last week it reached the 1...
Data dependence is still a theme that could dominate over a longer-term basis, but I struggle to see it as a theme on a data point to data point basis...
USD/JPY Eyes Support in the Mid-106.00s – UOB The research team at UOB Group indicated the next relevant support is located in the mid-106.00s. Key Quotes “The next significant support for USD is much further down at 106.50”...
Although the GBP depreciated this week, it continues to trade within the last few weeks trading range. While a constructive growth outlook is keeping inflation and rate expectations supported, intact Brexit fears are keeping fresh buying interest low...
