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Oil prices rallied on Friday underpinned by optimism of an output freeze deal between OPEC and non-OPEC producers and signs of decreasing supply in the US. WTI futures gained more than 6% on Friday to close at $39.72 a barrel, recording an 8.0% weekly gain...
The World Is Changing – Technology Is Everywhere Financial Trading used to be an exclusive elite club – only a few lucky ones could join. There were guys on the trading floors shouting and screaming all day long – making and losing fortunes...
Despite more expansionary ECB policies, the euro has appreciated considerably. As far as moves against the US dollar are concerned, this is partly due to markets having lost faith in a tightening of US monetary policy. What is more, the ECB has ceased to talk the euro down...
First, a few words about the forecast for the previous week: ■ giving forecast for EUR/USD, we assumed that the front line between the "bulls" and "bears" would be held at the level of 1.1400. However, the fact that their forces are so equal was a surprise...
Money talks and bs takes the bus. For Algonell, the Scientific FX Trading innovator, January was one of the best months to trade for the past two years. February just kicked us right in the face. March was positive and spiky. Eventually we ended Q1 with 8000 pips...
GBPUSD is on the brink of finishing another week in the red. The pair has now spent the better part of ten months trending lower, not including the selloff that began in July of 2014...
With everyone's focus sharply attuned on anything to do with the Fed's rate hike policy, many will probably wonder why yesterday the Fed announced that this coming Monday, April 11, the Fed will hold a closed meeting "under expedited procedures" during which the Board of Governors will review and...
Looking ahead to the coming week, data out of China dominates the economic calendar with key indicators such as GDP and trade. US and UK inflation will also be watched closely but policy meetings by the Bank of England and the Bank of Canada are unlikely to be market movers...
Real interest rate support for the dollar has significantly eroded in recent months as US real rates have fallen in absolute terms and relative to those of other major economies...
We will continue to monitor comments from policymakers, especially Finance Minister Aso and Mr Asakawa, to assess the likelihood of FX intervention...
We always hear how important the inflation is. The higher inflation the better for us. I never liked this idea of higher prices being better for me. In this article I want to tell you what inflation does to the economy and you...
JPY has been the biggest beneficiary from the recent USD-selloff among the major currencies. Several factors seem to have contributed to the rally on the flow side. Hedging flows from the Japanese exporters likely intensified when USD/JPY broke below the corporate budget rate at around 118...
Analysts at BBH have assessed the recent stance by the Russian central bank. “Russia’s central bank tilted a bit more dovish. GovernorNabiullina said an improving inflation outlook will allow the bank to undertake steeper monetary easing without putting financial stability at risk”...
Fed officials from different camps speak ahead of Friday's Wall Street open, and they could make some waves in already seasick markets. "Market nerves are starting to get a little frayed right now. You can see it in the risk markets," said Ward McCarthy, chief financial economist at Jefferies...
The surging yen has been the main feature in the foreign exchange market in recent days, but its advancing streak has been stopped with today's setback. The greenback traded briefly dipped below JPY107.70 in North America yesterday but has not been below JPY!08 today...
Rising Wedge identified at 07-Apr-16:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.132 within the next 3 days. Resistance Levels : ( B ) 1.1455Last resistance turning point of Rising Wedge. Support Levels ( A ) 1...
GDP is roaring, and the labour market seems to joining the party. Employment surged by 41K in March, driving a two-tick drop in the unemployment rate to 7.1...
USD/CAD Tanks to Lows Near 1.3000 on Data The Canadian dollar is now rapidly appreciating vs. its American neighbor, dragging USD/CAD to test lows near the psychological support at 1.3000 the figure...
Over recent weeks, the EUR moved moderately higher, while the JPY accelerated sharply, with USDJPY now nearing our USDJPY 105 year-end target...
