Introduction: Interest Rate is among the most important fundamental data that impacts the currency of a country. It’s of vital importance for any trader to keep a watch on this important data for his or her trading activities. A change in Interest Rate viz...
NZD/USD bulls in charge, extends beyond 0.6650 18 Februari 2016 2:53 AM The NZD/USD pair remains on the bids for the second straight session this Thursday, completely ignoring the Aus jobs-led weakness in its OZ neighbour...
There is no trade call for the session or tier one data on the calendar for the London session. The main event for the day will come in NY with ECB’s Draghi who is due to testify on monetary policy before the European Parliament’s Economic and Monetary Affairs Committee, in Brussels...
The yuan (/juːˈɑːn/ or /ˈjuːən/; sign: ¥;Chinese: 元; pinyin: yuán; [ɥæ̌n]) is the base unit of a number of former and present-day Chinese currencies, and usually refers to the primary unit of account of the renminbi, the currency of the People's Republic of China...
There is no trade call or tier one data due up for today’s London session as we begin a fairly light week for economic data. As always on Mondays I prepared the currency update so you can familiarize with the situation in the markets...
There is no trade call for the session as Chinese PMI’s didn’t offer a probable opportunity, and Asian equities have started the week mixed giving no clear risk sentiment. We will wait for clear sentiment developments, or high impact macro data...
It can be a low positive exchange rate when the market is unable to compete in the doldrums. Then the devaluation contributes to the creation of jobs and increase demand for exports...
Last week finished with a turnaround in sentiment, with risk appetite being boosted by a rally in oil. WTI has lifted over $5 from lows which has helped commodity currencies rally; USDCAD is down 580 pips from the pre-BOC highs...
There is no trade call for the session as we assess sentiment for the new week. As always on Mondays I prepared the currency update so you can familiarize with the situation in the markets...
We will use Monday’s London session to assess direction in the market and keep a very close eye on risk sentiment for a potential trade. Familiarize with the latest changes in the market by reading my currency update bellow...
December 14, 2015 Franschhoek, South Africa When I did the math in my head last week, I had to pull out my phone’s calculator just to make sure I hadn’t mentally misplaced the decimal point. It turns out I was right. My rental car in Cape Town would cost me just $8/day...
There is no trade call for the session as it is Monday and we have an empty economic calendar. As always on Mondays I prepared the currency update to get you up-to-date with the situation in the markets...
USDCAD STRONG RALLY IN LAST WEEK, TODAY IT OPEN GAP DOWN BY 30PIPS USDCAD LAST WEEK CLOSED @ 1.3755 MARKED OPEN @ 1.3722 AFTER GAPDOWN,USDCAD BACK TO PREVIOUS WEEK CLOSING PRICE 1.3755...
Research Team at TDS, notes that the employment in November apparently jumped by a little over +71k, defying fairly widespread expectations of a small correction (TD and mkt –10k) after the outsized October print (revised down but still a solid +56.1k...
Carsten Brzeski, Chief Economist at ING, notes that German exports dropped in October but the weak euro helps in dampening the impact from lower global demand on the German economy. Key Quotes “German exports dropped by 1.2% MoM in October, from +2.6% in September. As imports dropped by 3...
The Australian dollar extended its decline against its American rival down to 0.7188 this Wednesday, weak amid falling commodities and despite the dollar's sell-off...
Kit Juckes, economist at Societe Generale explained that the RBNZ, as expected by the majority of people who forecast RBNZ moves, cut the Cash Rate to 2.5%. Key Quotes: "The Kiwi took off like a grouse and so far, the FX market has not been able to shoot it down. A bit like the Euro...
Karen Jones, Head of FICC Technical Analysis at Commerzbank, the single currency could re-test the 1.0980 area vs. the greenback. Key Quotes “EUR/USD is attempting to stabilise very near term circa 1.08”. “There is scope for a further advance very near term to the 1.1032 200 day ma and even the 1...
The selling pressure on the AUD intensified in the European morning, knocking-off AUD/USD to fresh session lows below 0.72 handle. AUD/USD drops to 50-DMA Currently, the AUD/USD pair trades -0.28% lower at fresh session lows of 0.7193, heading for a retest of Tuesday’s low struck at 0.7184...
