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The diverging paths for monetary policy fosters a long-term bullish outlook forUSD/JPY, but the Federal Reserve’s and the Bank of Japan’s (BoJ) wait-and-see approach may continue to drag on the exchange rate especially as Janet Yellen and Co. look to further delay their normalization cycle...
Coming into Q1’16, our main theme for EUR/USD was that, because market participants would be wholly fixated on seeing what the European Central Bank and the Federal Reserve would do in their March meetings, neutrality would prevail........read more...
The US Dollar took a dangerous tumble through the first quarter, throwing into doubt the currency’s ambitions after more than four years of advance...
A rebound in risk appetite, falter in the Dollar and push to extreme dovish monetary policy defined the close of the past quarter. What does the second quarter hold for the benchmarks of the FX, capi...Continue Reading...
Analysts at Brown Brothers Harriman explained that sterling is the weakest of the major currencies...
On the face of it, the latest government update on how the U.S. economy performed in the fourth quarter looked a bit more encouraging. Growth was revised to a 1...
I see so many traders fail unnecessarily. It hurts so much seeing them sabotage themselves over and over and over again and they don’t even notice it. One of the main reasons traders keep themselves from success is my favorite psychological concept called ‘cognitive dissonance...
With just four days packed with economic data and the European Central Bank set to begin its expanded debt purchases, German government bonds look to extend their advance next week...
1 Jobs, Jobs, Jobs The highlight of the week is the Labor Department’s March jobs report, due out Friday. Hiring remained robust through the turn of the year, with nonfarm payrolls growth averaging 228,000 over the past three months. The unemployment rate has hovered at 4.9% since January...
The US dollar managed to claw back some of its previous losses on the week leading to Easter. US CB Consumer Confidence, Janet Yellen's speech, and the buildup to the all-important Non-Farm Payrolls report all stand out. These are the important events on forex calendar...
This week’s tragic events in Brussels had an only temporary impact on risk sentiment, which has been reflected in our risk index remaining broadly stable. This may not come as a major surprise as geopolitical tensions are generally not treated as sustainable market drivers...
Don’t be fooled by the recent spike in oil prices. The world continues to drown in excess supply. U.S. oil stockpiles skyrocketed by 9.4 million barrels last week to 532.5 million barrels, according to figures released on Wednesday by the U.S. Energy Information Administration...
U.S. stocks broke a five-week winning streak on Thursday as a strengthening dollar weighed on commodity-related shares. Major indexes ended the session nearly unchanged, paring losses late in the day. The Dow Jones industrial average .DJI closed up 13.69 points, or 0.08 percent........read more...
Another U.S. interest rate hike “may not be far off” after the Federal Reserve stood pat last week and made only minor downgrades to economic forecasts, St. Louis Fed President James Bullard said on Thursday........read more...
Japan’s central bank is stepping up its efforts to kick-start the country’s struggling economy by taking a key interest rate into negative territory. The Bank of Japan said Friday that it will cut the rate on current accounts that commercial banks hold with it to minus 0...
UK Retail Sales is likely to add some momentum to the Sterling if we were to get a surprise release today. At any rate, because of the referendum, I would only take a trade if we get our tradable deviation… 5:30am (NY Time) UK Retail Sales Forecast -0.7% Previous 2.3% DEVIATION: 0.5% (BUY GBP -0...
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The euro is expected to remain more stable against the US dollar in the week ahead after failing to break higher following the more dovish than expected FOMC meeting, says BTMU...
Winners and Losers This Week - Scotiabank Analysts at Scotiabank explained that constructive comments from Fed officials on the US economic outlook are helping underpin the USD...
