As central banks around the world embrace negative rates, fear among public is moving up regarding the issue. Last week, newspapers from Japan reported that people are looking to store or park money elsewhere...
European desks are up and running and the pound's under attack. Further to my earlier post confirming my bearish view we've seen another wave of selling as traders get to grips with the possibility/reality of the referendum vote being a lot closer than might have been perceived in some quarters...
Forex Weekly Trading Forecasts: Fed Forecasts, Brexit and China Just a Few Key Themes This Week Key financial market themes are finding traction between key data (ie US inflation), events (G-20) and headlines (EU Brexit headway). Will volatility evolve into trend...
Dear Traders, The performance of the U.S. dollar failed to impress despite a stronger consumer price report Friday. While we were looking for increased bearish momentum in the EUR/USD after a break below 1.1070, the short dip turned out to be a false break-out of the euro's narrow trading range...
The new started with #GPBUSD gap down. Then the downward movement continued, and as the result quotations reached the channel line of the current short-term downward trend. It is likely that the bears will take a break here. Find out more by checking out the Source Link...
Bulls in #Gold can not overcome the long-term downward trend line, which is partly due to the slight recovery of risk appetite in the global stock markets. It is recommended to be out of the market. Find out more by checking out the Source Link...
22 February 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 08:00 French Flash Manufacturing PMI EUR Med. 50.0 49.9 Neutral 08:00 French Flash Services PMI EUR Med. 50.3 50...
The EU ‘Brexit’ referendum is going to dominate media debate over the next 124 days. Opinion polls show a small lead for the ‘out’ camp, but a large body of ‘undecideds’ will decide the eventual outcome. Bookmakers still favour the UK remaining in the EU...
Why has ECB implementation of QE lagged behind the BoJ? Our view is that the ECB suffers from “financial dominance,” whereby vested interests in the core of the Euro zone, Germany in particular, are preventing aggressive QE implementation that challenges the business model of the financial sector...
...Central banks still can move the markets, but do they have enough ammunition to deal with the next financial crisis or economic downturn? At the outset, we think the BoJ and ECB will have a very hard time, repeating the big currency moves of the last few years...
Better US data of late to the benefit of rate expectations has kept USD supported. OIS futures pricing improved markedly in the past week on the back of positive data releases and upgrades to Q1 growth expectations...
USD: Resilient inflation The latest prints in wage increases and inflation have been relatively supportive for the USD. After having reached multi-year highs in mid-January, the USD has retraced somewhat amid expectations of further delay in the monetary policy normalization cycle...
The GBP bears seem to loosen the grip following the risk-on rally in the European stocks, only to find fresh offers near 1.4220 region and sent the pair back below 1.42 handle. Brexit woes loom The GBP/USD pair sinks 1.51% at 1.4186, fading the recovery at 1.4220 levels...
The Aussie dollar is now gaining further momentum, lifting AUD/USD to fresh tops in the boundaries of 0.7200 the figure...
Gold extended losses in Europe to trade below 1212 (23.6% of Dec low-Feb high) on the back of rise in the USD index and European equity futures. Drops to $1205 Metal hit a session low of USD 1205, before recovering slightly to trade around USD 1208 levels...
The SG FX Enhanced Risk Premia has reinstated the long dollar position during the week. The biggest longs are in JPY and USD. The most sizeable shorts are in NZD, EUR and GBP...
