The AUD/USD continued to soar Thursday/Friday, reaching a nine-month high on the back of the U.S. Federal Reserve’s dovish comments about interest rates. To recap, the Fed held interest rates steady on Thursday in a widely expected move...
USD/JPY may settle down and move along with real money flows ahead of the Easter holiday next week, says BTMU. "Japanese exporters JPY buying has been picking up gradually. Real flows may generate sizeable yen buying pressure, weighing further on USD/JPY ahead of the fiscal year-end," BTMU adds...
Analysts noted the forthcoming Fed speakers next week. "Public remarks by District Presidents Lacker, Lockhart, Evans, Harker, Bullard and Williams. Lockhart’s remarks on Monday will be of particular interest to the markets given his position as a centrist on the Committee...
Analysts at Socgen explained that the biggest event was the FOMC meeting. "The market was expecting rates to be left on hold, but the tone of the statement and of the press conference to be more hawkish, setting the stage for a hike by June...
Analysts at BNP Paribas explained that the FOMC decided to leave interest rates unchanged at its latest meeting. "The decision was not consensual as Esther L. George, a well-known hawk, would have preferred to hike rates. We always knew that meeting would end up with at least one dissent...
Analysts at TD Securities noted the Chinese manufacturing coming up next week. "Chinese data has been thrown around (as usual) by the New Year holiday, so March data should bring about a cleaner read on the economy...
Good things may come in threes but the Bank of Japan was not nearly as dovish this month as the Fed and ECB. Yen strategist Taisuke Tanaka argued that eventual BoJ easing will come between April and July following replacement of two policy board members with QQE proponents...
how true is this...
Stock markets in the US appear on track to score fifth straight week of gains as prospects of a more gradual rate rise is keeping sentiment in favor of risk assets. At the time of writing, Dow Jones Industrial Average (DJIA) was up 106 points or 0.61...
AUD/USD is currently consolidating the bid for the week, scoring a fresh low at 0.7608 on the fade for the highs of 0.7680. AUD/USD has been a strong performer this week, 4th to the pound, Kiwi and NOK, in the face of dollar weakness and a surge in commodity prices...
James Knightley, analyst at ING Bank explained that US University of Michigan confidence fell in March to 90.0 from 91.7 in February versus expectations of a rise to 92.2...
Analysts at Rabobank explained that Thursday was a busy day for central banks. As expected the Bank of England left policy on hold yesterday in an unanimous decision...
Three months since the U.S. lifted a 40-year ban on oil exports, American crude is flowing to virtually every corner of the market and reshaping the world’s energy map. Overseas sales, which started on Dec. 31 with a small cargo aboard the Theo T tanker, have been picking up speed...
That was the week that was It has now been a week since the ECB delivered its latest package of measures and so far, the initial market reaction appears to have been positive...
EUR/NZD Analysis for March 18th, 2016 Overview: Recently, EUR/NZD has been moving downwards. The price tested the level of 1.6590. In the H4 time frame, I found support level at the price of 1.6500, which is successfully held...
While reading into the cross-market impact on the dollar from equity and rate markets has been somewhat challenging lately, we believe most scenarios will leave the USD on the defensive...
The dovish outcome of the March Fed meeting dealt a blow to the FX divergence trade and it has sent the USD tumbling of late. We doubt that this is the end of the multi-year USD bull-run, however, and see the current levels as an opportunity to establish fresh USD-longs...
