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Eurocoin Indicator Falls To 11-Month Low In March The eurocoin indicator, which measures the current economic situation in the euro area dropped for the second straight month in March to the weakest level in nearly one year, a report from the Bank of Italy and the Centre for Economic Policy Resea...
According to the research team at UOB Group, the Kiwi dollar keeps its bullish bias above the 0.6900 handle. “Having breached the 0.690-mark on Wednesday, this week alone has seen NZD gaining around 3.6% against the USD. The pair has nonetheless eased off from the 0...
Chinese bond prices rose, pushing yields lower after global rating agency S&P cut China’s outlook from stable to negative. Yield on the benchmark 10-yr Chinese bond dropped almost 2 basis points to 2...
Research Team at BBH, suggests that the dollar remains vulnerable as markets continue to pile into the foreign currencies and EM FX. “The implied yield on the December 2016 Fed Funds futures contract is now around 0.54%, the lowest since February 29...
AUD: Temporary Strength but Long Term Weakness to Prevail – ANZ Research Team at ANZ, suggests that the recent rally in the AUD has coincided with a basing in commodity prices, but in fact it represents a repricing of global recessionary risk...
Research Team at ANZ, suggests that with the clean-out of long USD positions in March, they now expect fundamentals and US/Asia policy divergence to reassert, pushing USD/Asia higher...
The Japanese Yen extends its gains vs. its American counterpart on Thursday, with USD/JPY currently navigating around the 112.30/20 area. USD/JPY attention to US calendar, Fedspeak Spot is retreating for the third consecutive session so far, finding decent support in the 112...
CAD: All Eyes on January GDP Data - BBH Research Team at BBH, suggests that the Canada reports January GDP today. Key Quotes “It is expected to rise 1.1% y/y vs. 0.5% in December...
Sterling: Unsettled by Politics - ANZ Research Team at ANZ, suggests that the opinion polls on the outcome of the referendum on EU membership (23 June) continue to show a very close-run contest...
Gold Takes Out Hourly 200-MA Hurdle USD selling helped Gold take out hourly 200-MA hurdle at $1232.45 levels ahead of the US weekly jobless claims release and Fed speak...
Technical Analysis of NZD/USD for March 31, 2016 Overview: The NZD/USD pair faced resistance at the level of 0.7000, while minor resistance is seen at 0.6964. Support is found at the levels of 0.6899 and 0.6847. Pivot point has already been set at the level of 0.6899...
Technical Analysis of USD/CHF for March 31, 2016 Overview: The USD/CHF pair didn't make any significant movements yesterday. There are no changes in our technical outlook. The bias remains bearish in the nearest term. It will test 0.9592 or lower. Immediate support is seen around 0...
Turkish Lira At More Than 4-Month High Vs U.S. Dollar After Strong GDP Data The Turkish Lira firmed against the U.S. dollar in European deals on Thursday, as Turkey's economy expanded at a faster-than-expected pace in the fourth quarter of 2015...
Renminbi Series: Yuan-Hibor Turns Negative First Time Ever Remember the Hibor? That came notoriously famous as after this Yuan based, Hong Kong interbank offered rate, in January reached 66.8% in January...
GBP/JPY Trade Idea Major support- 161.30 Major resistance – 162.60 The pair has retreated after making a high of 162.57 yesterday. It is currently trading around 160.99. Short term trend is weak as long as 162.60 holds...
Jane Foley, Research Analyst at Rabobank, suggests that in tandem with the paring back of long USD positions over the past year, extraordinarily short EUR positions have been covered...
GBP/USD Peeps Above 1.44 Handle GBP/USD printed a session high of 1.4420 as Euro’s move to fresh 5-month high is keeping USD under pressure across the board. Weak data ignored In light of a bullish move in the EUR/USD, sterling traders are ignoring a weak data released today...
EUR/USD in Fresh 2016 Highs, 1.14 on Sight The single currency is extending its march north today, now lifting EUR/USD to print fresh YTD tops around 1.1380. EUR/USD boosted by USD weakness, EMU’s CPI The pair keeps the firm footing into the second half of the week, trading closer to the 1...
Gold May Drop Below $1,200 in Coming Months - GFMS GFMS analysts at Thomson Reuters noted in their latest report published on Thursday, gold prices are expected to drop below $ 1200 – psychological barrier in near term amid Fed rate hikes and softening physical demand...
