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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...
We have been witnessing serious Elliot waves going on GBPJPY on the downward trend, and a complete full cycle of 1,2,3,4,5 waves and A,B,C corrective waves has been formed...
We are still in the market with the long position in #GPBUSD, which brings us more than 100 points of floating #profit. The red Alligator's line position shows that if the market reverses, we will likely to fix this profit. Find out more by checking out the Source Link...
Our order to buy #EURUSD brings us a large floating #profit (at the time of writing the pair is at 1.1315). We have added volume to the position based on some System signals. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
The latest opinion poll conducted by Nikkei showed that 55% of respondents judge it necessary for the government to have a new fiscal package (the poll was conducted from 25 to 27 March...
Analysis : Channel Up identified at 30-Mar-02:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.419 within the next 14 hours. Supporting Indicators : RSI above 60 Resistance Levels...
The Dollar pushed higher against the other major currencies on Wednesday, even after data showed that US new home sales rose less than forecast in February and as hawkish comments by several Federal Reserve members continued to support the greenback...
USD/CHF Trade Idea Major support – 0.9630 (trend line joining 0.91136 and 0.9257) The pair has broken minor support 0.9680 and declined till 0.96432 at the time of writing. It is currently trading around 0.96516. Short term trend is slightly bullish as long as support 0.9630 holds...
U.S. Treasury Climbs on Fed Interest Rate Caution The U.S. sovereign bonds price rallied on Wednesday, pushing the yield on the benchmark 10-year Treasury note to a 1-month low, as investors cheered Federal Reserve Chairwoman Janet Yellen’s cautious stance in raising interest rates...
Yellen Added Fresh Fuel to the Dollar’s Correction - BBH Research Team at BBH, notes that the Yellen came across very dovish in her speech yesterday as she mentioned the need for "gradual" rate hikes numerous times...
The main takeaway, in our view, from Chair Yellen’s comments before the Economic Club of New York, is that a combination of higher external risk factors, downward revisions to committee member’s estimates of the long-run policy rate, and the asymmetry of monetary policy at the zero lower bound ca...
Dovish Yellen Reignited Positive Sentiment in the Market - Rabobank Piotr Matys, EM FX Strategist at Rabobank, notes that the dovish comments from Federal Reserve Chair Janet Yellen reignited positive sentiment in the market...
German CPI Preview: What to Expect of EUR/USD? The bid tone surrounding the EUR/USD pair weakened a bit over the last hours as the broad US dollar selling stalled. Although the prices kept range and now consolidates the upside around 1.1320 ahead of key macro releases from both continents...
