This week’s weaker April Eurozone inflation had only a limited impact on the EUR and investors’ central bank rate expectations. It must still be noted that ECB President Draghi stressed, as part of this week’s press conference, that further weakening prices are expected...
BoJ opts to keep ammunition: At the Monetary Policy Meeting of 27-28 April, the Bank of Japan (BoJ) decided to keep its policy unchanged despite downward revisions across the board and another delay of projection of when its 2% price stability target would be achieved from around 1H FY17 to durin...
Eurozone flash April HICP ticked down to -0.2% y/y from 0.0%, in line with our economists’ expectations and following weaker Spanish and German HICP data earlier this week. Furthermore, the advance estimate of eurozone Q1 GDP showed the economy expanding by 0.6% q/q from 0...
Chart: http://bi0l.blogspot.com/2016/04/eurusd-d1-monthly-analysis-2016-04.html EURUSD Analysis (Monthly): Last month the couple began 1.1378 (Open) with testing monthly calculated level of resistance 1.1429 (R1-m) to a mark 1...
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JPY: GPIF Portfolio Stance in Focus Again – Nomura Research Team at Nomura, notes that the comments from the new President of the GPIF, Mr. Takahashi, on his portfolio management stance attracted market interest this week...
Yen Strength Continues as Buyer is Clear - BBH Research Team at BBH, notes that there has been a surge in Japanese portfolio capital outflows and it appears that Japanese investors were not repatriating their foreign holdings as the safe have hypothesis would suggest, but buying prodigious (recor...
USD/JPY Unstoppable Hits Fresh 18-Month Lows The yen gained momentum across the board and pushed USD/JPY below 106.89 (previous low) and dropped to 106.61, hitting the lowest level since October 2014...
GBP/USD Revisits February Highs and Retreats GBP/USD rose to the 1.4670 area during the New York session but lacked momentum to overcome the resistance area which had capped the upside back in February. GBP/USD made a marginal new high at 1...
GBPUSD is Targeting 1.4805 by Nenad Kerkez - Admiral Markets Fears of Brexit no longer burden GBPUSD and at this point GBPUSD is rallying toward next resistance at 1.4650...
UK: Fear Moves from Brexit to the Economy - Danske According to analysts from Danske Bank, fears about the exit of the United Kingdom of the European Union eased during the last days, but uncertainties hit the economy...
FxWirePro: Bullion Market Edges Higher to Break 14-Months Highs - Hedge Gold Risks With Via 3 Way Straddles Versus Puts Gold spot is attempting to break 14 months highs at 1284 today, as a weaker U.S...
EUR/GBP Having Best Day in Three Weeks After four days moving with limited price action, EUR/GBP broke to the upside and rallied to 0.7837, reaching the strongest level in a week. The pair strengthened during the American session after breaking above 0.7800 and jumped higher...
EUR/USD Forecast: Finally Time for a Breakout? by Valeria Bednarik - FXStreet It was a bad week for the greenback, as there was not a single sign that the US has reverted the slowdown suffered late 2015...
EUR/USD Eyeing Highest Weekly Close Since May 2015 The EUR/USD pair added some more weight above 1.1400 handle, rising to session high of 1.1446 on disappointing US economic data...
FxWirePro: GBP/USD Rallies to 12-Week High, Outlook Remains Bullish The British pound surged strongly on Friday to hit 12-week high against dollar as investors sold off dollar on back of cautious tone on further rate hike by Federal Reserve earlier in the week...
USD/JPY Regains 107.00 but Hovers Near 18-Month Lows USD/JPY extended weakness on Friday and broke below April lows to set a fresh 18-month trough as investors continue to assess BoJ and Fed decisions. USD/JPY fell below the 107 mark and scored its lowest level since October 2014 at 106...
USD/MXN Drops to 4-Month Lows, Eyes 17.00 The Mexican peso is rising sharply against the US dollar as it continues to rally for the fifth day in a row. USD/MXN broke below 17.15 and tumbled to 17.04, reaching the lowest level since December 21. The pair is trading near daily lows, eying 17.00...
