The US dollar managed to make a comeback of sorts, mostly against the euro. The Doha Oil Summit, the ECB´s rate decision and housing figures in the US stand out. These are the highlights of this week. Here is an outlook on these main events. U.S...
This weeks analysis points to some major opportunities straight ahead across all the markets I have been looking at in the Elliott wave weekly picture. We saw some nice action in these markets which followed our analysis to a tee...
Weekly Trading Forecast: Yen Intervention, ECB Desperation and Fed Timing While pressure builds on the technical front, the fundamental threat list continues to grow. Unusual monetary policy currents will compete with risk appetite in the week ahead...
These are happy days for G10 commodity currencies. Global commodity prices are recovering as fears about a hard landing in China and the oil-supply glut are abating...
The Bank of England Governor Mark Carney will next week give evidence to the House of Lords Economic Affairs Committee in its annual session with the Governor of the Bank of England. Areas the session will cover include: What risks are there to remaining in the European Union...
First, a few words about the forecast for the previous week: ■ giving the forecast for EUR/USD, we assumed that the pair should go down - to the centre line of the rising channel, which started last December and is clearly visible on W1...
One interesting feature of the past few days has been the strength in commodity currencies. The Australian dollar, the New Zealand dollar and the Canadian dollar have been some of the best performers of the past weeks, in the absence of any significant action in major pairs...
According to analysts from Danske Bank the Bank of Japan will cut rates at the next meeting to -0.3%, helping to stabilise the yen. “The BoJ has been severely challenged recently by a sharp appreciation of the JPY. This clearly works against the BoJ’s objective to get inflation higher...
Gold prices pulled back to mark the first weekly loss in three with the precious metal off 0.79% to trade at 1230 ahead of the New York close on Friday. The decline comes amid renewed strength in broader equity markets with all three major U.S. indices now in positive territory for the year...
We do not believe the USD has topped, although it may certainly feel like it has judging by the price action over the past few weeks...
Hi traders, This is my last trading plan (Swing style) in April 2016 for AUDUSD. Actually I am now waiting on Resistance that I expected it would have trend down on that level as the last peak of AUDUSD...
There can be disadvantages to being the world’s most liquid currency. The Dollar’s intrinsic integration into the global financial system makes it particularly vulnerable when its fundamental health is shaken and the world is in a state of flux. That is where we find ourselves now...
Shares of Bank of America Corporation (BAC), the second-biggest U.S. lender by assets, are trading more than 1% lower than the pre-market session Thursday, after the bank reported a 13% year-over-year decline in the first-quarter profits, owing to weak trading and underwriting revenue...
This is what it looks like on the down side of the biggest oil boom in U.S. history. JPMorgan Chase & Co., Wells Fargo & Co., Bank of America Corp. and Citigroup Inc...
Oil prices fell more than 3 percent on Friday in thin trade as traders and analysts anticipated a meeting of major oil exporters would provide a floor for the market, but do little to help to clear global oversupply quickly...
Next week could be a big one for the EUR/GBP due to the large number of market-moving economic data from both the UK and the Eurozone, and the ECB’s policy meeting on Thursday...
Flows. Speculators have continued to unwind long USD bets and are less short EUR now; this increases the sensitivity of the cross to any impetus from relative rates. Valuation. Both our PPP and MEVA model suggest the mid 1...
Optimism is growing ahead of the important meeting in Doha on Sunday 17 April between the majority of the OPEC members and some non-OPEC producers. The producers are going to discuss a proposal by Russia, Saudi Arabia, Qatar and Venezuela to freeze output at the January level...
fter falling out of the limelight the past few trading sessions, the focus will turn again on the euro as the European Central Bank meets on Thursday and important sentiment surveys are due on Tuesday and Friday...
