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USD/CHF Rebounds After Hitting 5-Month Lows Under 0.9600 USD/CHF reached levels under 0.9600 for the first time since October. The pair bottomed at 0.9592 after Wall Street opening bell...
AUD/USD wave-(5) is now in full swing, notes Nomura. "Our target zone for wave-(5) is approaching at .7734/7892. They are both symmetry targets using different projections," Nomura projects. If long intraday, Nomura tips the stops at 0.7615...
Japan's Manufacturing Activity Will Likely Contract This Quarter Data released earlier today by Japan's Ministry of Economy, Trade and Industry (METI) showed that Japanese industrial output fell sharply in February, falling by fastest rate since 2011...
An Upbeat Employment Report Could Keep Alive Expectations of June Fed Hike March non-farm payrolls will be the key release this week (Fri), and the ADP employment report on Wednesday will be watched for clues...
Brexit Spilling Over to Real Economy Yet? - Scotiabank Shaun Osborne Chief FX Strategist at FXStreet explained that the GBP has failed to emerge from the shadow of the “Brexit” debate to take fuller advantage of the weaker USD...
AUD/USD Bulls Tiring at Option Barrier Level AUD/USD bulls are losing their commitments at the 0.77 handle. AUD/USD has been in a bullish trend since since 24th March, drifting initially from 0...
U.S. Economy Requires a Hike in June - BBH Analysts at Brown Brothers Harriman explained that the US economy has evolved largely as the Federal Reserve anticipated. Key Quotes: "The slowdown in Q4 2015 was temporary; the underpinnings of the economy remain firm...
USD/CAD Falls Below 1.3000 to 5-Month Lows USD/CAD broke below 1.3000 and accelerated the decline. It bottomed at 1.2911, hitting the lowest level since October. The pair then rebounded as crude oil trimmed gains. Currently is trading at 1.2985/90, a hundred pips below yesterday’s closing price...
EUR/USD Hits 7-Week Highs EUR/USD gained momentum after the beginning of the American session and climbed to 1.1364, hitting the strongest level since February 11. The rally stopped just a few pips below 2016 highs that were reached at 1.1375...
WTI Eyes $40.00 on EIA Report The barrel of West Texas Intermediate is advancing further on Wednesday, currently up more than 3% and posting daily highs near $39.80. WTI up post-EIA report Prices for the barrel of American light sweet crude have ticked higher after inventories have increased by 2...
Traders build profits by identifying market inefficiencies through technical or fundamental analysis and taking risk at the most opportune time. It’s one of the few pursuits in which consistent losing is the natural component of a winning equation...
Researchers have discovered that people are less stressed by the knowledge that something bad will happen than by the uncertainty of not knowing what is coming. The study, carried out by a team at University College London, confirms what every investor feels instinctively about financial markets...
A detailed look at US indicators suggests that the economy is unlikely to turn decidedly back upward anytime soon. We expect the data to remain patchy for now, and believe the economy overall, while firm, will continue to lack upward momentum...
What does the Yellen speech mean for the upcoming March NFP? Ignore activity, but be sensitive to costs. In other words: it now requires wages to exceed market expectations by a substantial degree to allow the USD to return to its bullish trend early...
In March, meetings of the G-20, the Chinese National People’s Congress, and multiple think tanks all reflected a growing awareness of the risks to the global economy posed by deflation and intensifying financial instability...
The EURUSD has come off the highs in the last few minutes of trading. The pair had been testing key trend line resistance at the 1.1326 area and the high price from March 17 and 18 at the 1.1336 and 1.13418 levels respectively (see video on the EURUSD from yesterday...
Changes in exchange rates directly affect import prices. Since the beginning of 2014, the U.S. dollar has strengthened by 17 percent against the currencies of its major trading partners while import prices have fallen by 4 percent...
While Yellen’s speech was perhaps similar to the March FOMC meeting press-conference, markets have focused on the overall cautious tone with respect to global risks and the lack of any hawkish hints similar to those coming from several regional Fed presidents last week, notes BNP Paribas...
Considering limited room of further falling Fed rate expectations from the current levels risk sentiment will be driven by this week’s Chinese PMI releases. Our economists see scope of a positive surprise, but do note that a trend towards further weakness remains in place...
