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...
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...
USD/CAD: Risks are More Balanced - BTMU Analysts at Bank of Tokyo Mitsubishi noted that the Canadian dollar has staged a powerful reversal in recent months correcting acute weakness from earlier this year...
Time to Reassess the Outlook for USD/CAD - BTMU Analysts at Bank of Tokyo explained that the Canadian dollar is little changed against the US dollar over the last four months having returned to within the 1.3000 to 1.3500 trading range which persisted during most of the second half of last year...
Many traders are already looking ahead to the holiday weekend, so it’s difficult to expect much volatility from the remainder of this week’s trade, but there’s one key technical formation to keep an eye on both tomorrow and heading into next week...
USD/CAD Prints Highs Near 1.3270 The offered tone keeps weighing on the Canadian dollar, now helping USD/CAD to regain daily highs near 1.3270...
China's yuan will come under renewed downward pressure if the U.S. dollar rises significantly in coming months, a policy adviser to the People's Bank of China said on Friday...
EUR/USD tops Deutsche Bank's technical scorecard in G10 space. "The currency pair is highly trending to the topside with VHF at 94th percentile...
A sharp rebound in the AUD recently is increasingly testing the resolve of the RBA in doing nothing on interest rates and hoping to ease monetary conditions through the currency...
Consumer price index falls for the first time since January According to the US Bureau of Labor Statistics, the month-over-month consumer price index (or CPI), which measures the average change in price of goods and services purchased by households over a given period of time, fell by 0...
GBP/USD continues to trade near long term support so trading focus is higher but realize that any rally could lead to a crash into early 20...Continue Reading...
FXCM and DailyFX are happy to announce our $10,000 Monthly Challenge winners for the month of February. Learn more about the contest here! Continue Reading...
