A result of a long position in #EURUSD was fixed with a #profit when the bar has closed below the green Alligator's line. Currently, we are out of the market, but ready to enter at any time, namely if the price will break one of the nearest support/resistance lines...
Research Team at BBH, notes that the sterling has appreciated by nearly 5% this month and has recovered the bulk of the losses suffered following the deal with the EU and London Mayor Johnson's formal declaration of supporting efforts for the UK to leave the EU...
Bank of England’s (BOE) Forbes, while speaking in London, said an increase in domestic risk and uncertainty could occur in the run up to the EU referendum scheduled on Jan 23rd...
Research Team at BBH, suggests that the economic activity in the Eurozone does appear to be slowing. “Recall that EMU economy expanded by 0.3% in Q4 15 for a 1.5% year-over-year growth. This is in line with what economists reckon is trend growth for the eurozone. Sentiment has weakened...
James Knightley, Senior Economist at ING, suggests that a surprise drop in US confidence may mean rising gasoline prices and unsettling politics is offsetting the benefits from a robust jobs market and the equity market rebound. “University of Michigan confidence fell in March to 90.0 from 91...
Research Team at BBH, notes that the US economy is not only averting a recession, but growth accelerated in Q1. “The markets exaggerated the risk of a US recession. The US reports its third estimate of Q4 GDP. It is too historical to matter much, and whether it is 1...
Jane Foley, Senior FX Strategist at Rabobank, lists down the key economic releases for the week. “Existing home sales for February are the only key data US release today, though the week will also bring PMI releases in addition to weekly initial claims and durables goods numbers...
Research Team at BBH, suggests that the BOJ's move to negative rates at the end of January has been the only policy surprise among the major central banks this year...
WTI is pivoting on $39.0 for now, but near term stability seems to be enough to send USD/CAD lower again, with the pair now hovering above 1.3000, though support noted through the figure, which will only really be tested if risk sentiment turns again...
Lee Hardman, Currency Analyst at MUFG, notes that the US dollar has continued to remain on a softer footing in the Asian trading session following the signal from the Fed last week that it plans to raise rates more gradually this year...
Kit Juckes, Research Analyst at Societe Generale, suggests that in the US, we get the Chicago Fed index and existing homes sales data today, durable goods orders Thursday, and politics all week...
Research Team at BBH, suggests that after a horrific start of the year, the global capital markets have recovered in recent weeks. “The year started off poorly, to say the least. Equity markets plunged from the get-go...
The research team at UOB Group remains bullish on the Aussie dollar in the next 1-3 weeks. “We reestablished our bullish AUD view last Friday and there is no change to the outlook. As long as 0.7520 is intact, we believe the current AUD strength could extend higher to 0.7740”...
In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could retreat towards the 0.7520/0.7415 area. “AUD/USD’s move higher last week reached the 61.8% retracement at 0...
Yen Slides Against Most Majors Reversing direction, the Japanese yen slipped against its most major rivals in early European deals on Monday. The yen edged down to 75.75 against the kiwi, 115.02 against the franc and 85.60 against the loonie, off early 5-day high of 75.13, 4-day highs of 114...
Last week, we reported on the ECB’s decision to cut the interest rates and how Mario Draghi said ‘helicopter money’ is ‘an interesting concept that is being studied’...
Kit Juckes, Research Analyst at Societe Generale, suggests that the Chinese authorities are cheering slower capital outflows, warning of excessive corporate debt and talking of an economy that is getting back on track. “The MNI measure of business confidence, however, remained at 49.9...
*JPMorgan Chase & Co. is an American multinational banking and financial services holding company headquartered in New York City. It is the largest bank in the United States, and the world's sixth largest bank by total assets, with total assets of US$2.35 trillion...
USD/JPY Unmotivated Around 111.50 USD/JPY is trading almost unchanged at the beginning of the week, trading in a narrow range between 111.20 and 111.60...
