...Central banks still can move the markets, but do they have enough ammunition to deal with the next financial crisis or economic downturn? At the outset, we think the BoJ and ECB will have a very hard time, repeating the big currency moves of the last few years...
Better US data of late to the benefit of rate expectations has kept USD supported. OIS futures pricing improved markedly in the past week on the back of positive data releases and upgrades to Q1 growth expectations...
USD: Resilient inflation The latest prints in wage increases and inflation have been relatively supportive for the USD. After having reached multi-year highs in mid-January, the USD has retraced somewhat amid expectations of further delay in the monetary policy normalization cycle...
The GBP bears seem to loosen the grip following the risk-on rally in the European stocks, only to find fresh offers near 1.4220 region and sent the pair back below 1.42 handle. Brexit woes loom The GBP/USD pair sinks 1.51% at 1.4186, fading the recovery at 1.4220 levels...
The Aussie dollar is now gaining further momentum, lifting AUD/USD to fresh tops in the boundaries of 0.7200 the figure...
Gold extended losses in Europe to trade below 1212 (23.6% of Dec low-Feb high) on the back of rise in the USD index and European equity futures. Drops to $1205 Metal hit a session low of USD 1205, before recovering slightly to trade around USD 1208 levels...
The SG FX Enhanced Risk Premia has reinstated the long dollar position during the week. The biggest longs are in JPY and USD. The most sizeable shorts are in NZD, EUR and GBP...
EUR/USD: Neutral: Weakness could extend to 1.0990 but odds for such a move are slim. As highlighted last Friday, while the current pull-back from the 11 Feb high of 1.1375 could extend lower towards the major support at 1.0990, the odds for such a move is not high...
GBP is trending lower as Brexit worries take over the market, commodity risk currencies AUD and NZD are trending higher with risk aversion fading. European Emerging Markets HUF and PLN are rallying against the EUR as ECB date approaches...
US: The start of the week will see data on the housing sector, with releases for existing and new home sales. We expect existing home sales at 5.13M (-6.0%m/m) and new home sales at 515K (-5.3%m/m). Durable goods orders should see a strong rebound in January, rising to 3.0%m/m from -5...
The #yen is declining against the U.S. #dollar after the weak PMI statistics while, the Australian dollar is increasing. At the end of last week, the USA has published the data on inflation, which may indicate that the #Fed is still going to raise the rate in March...
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EURUSD Daily Forecast: February 22 22 Februari 2016 3:34 AM EURUSD Forecast The EURUSD had a bearish momentum last week but still unable to make a clear break below 1.1070 support area as you can see on my H1 chart below...
Hello Friends, On this week (February 21 - February 27) we have 4 high impact news release schedule which may be good for news trader: News releasing time at New York Time...
GBPUSD Daily Forecast: February 22 22 Februari 2016 3:28 AM GBPUSD Forecast The GBPUSD gapped down earlier today, opened more than 100 pips below Friday’s close price. The bias is neutral in nearest term, probably with a little bullish bias since gaps are usually get filled, testing 1.4390 area...
USDJPY Daily Forecast: February 22 22 Februari 2016 3:19 AM USDJPY Forecast The USDJPY attempted to push higher last week topped at 114.87 but whipsawed to the downside and closed at 112.55. The bias is bearish in nearest term testing 111.65 region. Immediate resistance is seen around 113...
USDCHF Daily Forecast: February 22 22 Februari 2016 3:15 AM USDCHF Forecast The USDCHF had a bullish momentum last week topped at 0.9968 but closed lower at 0.9890. The bias is neutral in nearest term but overall I still prefer a bearish scenario at this phase. Selling around 0...
