Inflation in Britain has been stuck below the official target of 2% since January 2014 and even dipped into deflationary territory on three occasions over the course of 2015. The largest downward pressured has come from sharp drops in oil and food prices...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, EUR/CHF, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: We have turned bearish following subsequent “doji” topping candles...
It seems like nothing can stop the EUR/GBP pair from rising. The euro to pound exchnage rate has now broken above the 0.8000 level and even reached the key 0.8066 level which chart-watchers call a ‘resistance’ line, because it represents a perennial obstacle to higher growth...
The latest ASB Kiwi Dollar Barometer is out and it shows that the previous forecasts made by New Zealand businesses remains remarkably accurate...
After holding rates unchanged at the March meeting, the minutes suggest that rates will probably remain at current level also at the April meeting; various views emerged but several argued against hiking rates in April while some favored it...
Janet Yellen set the bar with her dovish comments last week, but the minutes from March’s didn’t stray too far...
Can policymakers clutch defeat from the jaws of a currency ‘truce’ victory? Of course they can! The most obvious contradiction now at play, is how to square a slightly weaker USD versus EM not turning into too much USD weakness versus the EUR and JPY...
Analytical Review of the Stocks of General Electric Company General Electric Company, #GE [NYSE] Industrial goods, Diversifies industry, USA Financial performance of the company: Index – DJIA, S&P 500...
EUR/USD: Between the Levels of 1.1430 and 1.1340 After reaching the level of 1.1430 last week, the pair EUR/USD has been declining for the third day in a row. Strong US macro-economic data released last Friday caused the rise in the USD against major counterparts, including the pair EUR/USD...
AUD/USD: Bid on Oil Draws Ahead of FOMC Minutes AUD/USD is currently on the bid as we head in towards the FOMC today. AUD/USD has rallied from a low of 0.7510 and has penetrated the 0.76 handle. This is a move that commenced in yesterday's start of business in the U.S...
EUR/USD Rises Above 1.1400 as Dollar Tumbles Ahead of FOMC Minutes EUR/USD broke above 1.1401 and climbed to 1.1431 hitting the highest level since last Friday and is only a few pips below last week highs. If it rises above 1.1437 it would be trading at the strongest level since October...
USD/JPY Hits Fresh 17-Month Low After FOMC Minutes USD/JPY dropped further after the release of the Federal Reserve minutes and bottomed at 109.33, hitting the lowest level since October 2014. The pair then bounced to the upside, and it trading around 109...
German industrial production fell by 0.5% m/m in February, better than expectations for a 1.8% fall after the very strong January print. The January reading itself was revised down by 1pp to 2.3% m/m. Overall we see eurozone economy growing by a fairly solid 0...
On the first of February, just before the BOJ’s bungled attempt to ease monetary policy, the Bloomberg consensus for USD/JPY in Q4 2016 was 125, with a range of 110-134. Today, the consensus is 118, the range 100-131. That is about as confused as the FX market ever gets...
Strategists at Westpac believe the US dollar could resume its downside in the short term. “A spike in risk aversion may save the USD on selected crosses near term but the beyond that the lacks underlying support”...
Because traders and investors forget on history soon, it is good to remind some big history events in trading history. Today it's flash crash from May 6, 2010. For a very long time, there were rumors about the cause of this event...
Today’s Fed minutes could undermine the risk rally further especially if they highlight that there was a range of views on the pace of rate normalization in March...
Westpac's strategic call to sell the GBP to USD pair on anticipation of a deep decline has proven right so far and there is still further to go before the initial target is met. It is not too late to ride the GBP/USD train to lower levels. The exchange rate is forecast to weaken to below 1...
The Canadian government has projected that the change in fiscal stance will add 0.5ppt to real GDP growth this fiscal year, notes BTMU...
