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Pound drops further on ‘Brexit’ fears Permalink Facebook Twitter Expand/Collapse...
GBP/USD may extend the decline from earlier this week amid concerns surrounding the UK Referendum, while retail sentiment pushes back to near-term extremes. Continue Reading...
USDCAD is responded a critical support confluence with our near-term focus higher against today’s low. Here are the updated targets & invalidation level...Continue Reading...
Oil prices shrank after DoE data confirmed a huge build in crude stocks. Gold slipped on hawkish Fedspeak and copper fell with stocks Continue Reading...
Czech Economic Sentiment Weakens For Second Month Czech economic sentiment declined for the second straight month in March, survey figures from the Czech Statistical Office showed Thursday. The economic confidence index fell to 11.9 in March from 12.3 in the previous month...
Hungary Q4 Current Account Surplus Shrinks Hungary's current account surplus decreased more-than-expected in the three months ended December, figures from the Magyar Nemzeti Bank showed Thursday. The current account surplus shrank to EUR 1.01 billion in the fourth quarter from EUR 1...
French Factory Confidence Unexpectedly Eases In March France's manufacturing confidence unexpectedly weakened for the first time in four months in March, as the assessment on order book levels and businesses' expectations on their production deteriorated, survey results from INSEE showed Thursday...
ECB Bulletin Downplays Importance of Core Inflation Measure The European Central Bank (ECB) monthly bulletin releases today showed the bank feels Harmonized Index of Consumer Prices (HICP) ex-energy or core HICP is not an ‘ideal’ measure of underlying inflation...
The pound has clearly been the under-performer this week and in the G10 space is the worst performing currency, notes BTMU. "The resignation of Ian Duncan Smith late on Friday has fuelled concerns over a more damaging division within government over ‘Brexit’...
GBP/USD All the Attention to 1.4000 – UOB The research team at UOB Group has noted the relevance of the critical support at 1.4000 the figure...
USD/CHF Still Targets 0.9806 Near Term – Commerzbank In view of Axel Rudolph, Senior Technical Analysis at Commerzbank, the pair could reach the 0.9800 area in the shorter run. Key Quotes “USD/CHF has sold off to and continues to rebound from the 2015-2016 uptrend at .9643”...
USD/CAD eases from highs near 1.3280 The greenback has resumed its advance vs. its Canadian peer today, with USD/CAD testing fresh highs in the 1.3280 area, albeit deflating afterwards...
EUR/USD Stays Weak Despite 1% Drop in Stoxx 50 Index The drop in the European equity markets is offering no support to the common currency, leaving the EUR/USD pair weaker around 1.1160 levels...
On Thursday, #NZDUSD and #AUDUSD fell to their 1-week lows against the U.S. dollar, despite a positive fundamental background. The U.S. dollar received significant support after several #Fed officials had mentioned the possibility of the rate hike in April...
The sequence of volatile market reactions to central bank policy easing initiated by the BOJ and furthered by ECB had an eventful third round last week, as the Fed’s unexpected dovish shift caused a sharp retrenchment in long USD positions...
The latest strong signals from BNP Paribas Momentum Model are short GBP/AUD, and long AUD/NOK. *BNP Paribas (French pronunciation: [be ɛn pe paʁibɑ]) is a French multinational bank and financial services company with global headquarters in Paris...
U.S. Dollar Advances Against Majors The U.S. dollar gathered momentum against its major rivals in early European deals on Thursday. The greenback climbed to 8-day highs of 1.1157 against the euro, 112.97 against the yen, 1.4073 versus the pound, 0.7478 against the aussie, 0...
Finland PPI Falls At Faster Rate In February Finland's producer prices decreased at a faster pace in February, figures from Statistics Finland showed Thursday. The producer price index for manufactured products fell 4.1 percent year-over-year in February, much faster than the 2...
German Consumer Confidence Set To Weaken In April German consumer confidence is set to fall in April on global risks, survey data from GfK showed Thursday. The forward-looking consumer sentiment index dropped to 9.4 from 9.5 points in March. It was forecast to remain unchanged at 9.5...
