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Judging from the bullish rush in the Euro the global reflation trade is back on. Investors are piling into risky asset to capture real returns, driving inflows into equities (relative growth over value) and EM...
Market News
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Jiming Huang, 25 July 2017, 13:34
Over the last four weeks the Brazilian real rallied more than 7% against the greenback amid easing political uncertainties. USD/BRL fell from 3.3485 to 3.1111 before stabilising at around 3.1450...
Market News
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Jiming Huang, 25 July 2017, 13:33
The shared currency kept the negative tone through early NA session on Monday, with the EUR/USD pair retreating from fresh 2-year tops near 1.1685 level. Currently hovering around mid-1...
Market News
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Roman Vashchilin, 24 July 2017, 17:27
The US real estate market keeps on growing very significantly. One key indicator of the US economy, existing homes sales keep increasing and are now at 2007 level. Today will be released June data and should remain around May levels at all time high...
Market News
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Jiming Huang, 24 July 2017, 14:03
The Japanese has been rally strongly over the last two weeks as investors continued to discount the Fed’s hawkish stance. USD/JPY broke the 111 support (psychological level and Fibonacci 61.8% on June-July rally) to the downside...
Market News
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Jiming Huang, 24 July 2017, 14:01
The annual Sino-US Comprehensive Economic Dialogue session in Washington kicked off this week, but ended abruptly on the same day, with cancellation of the traditional press conference, no joint statement and no new announcement of a bilateral trade deal...
Market News
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Jiming Huang, 23 July 2017, 05:00
It’s monetary policy time! After the ECB’s meeting on 20 July, next week will see the FOMC convening on Tuesday/Wednesday – a meeting without a scheduled press conference, which reduces the chance for a significant policy change...
Market News
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Jiming Huang, 23 July 2017, 04:58
After refreshing its highest level since late August of 2015 at 1.1677 during the early trading hours of the European session, the EUR/USD pair went into a consolidation phase and retraced majority of its daily gains. At the moment, the pair is trading at 1.1637, up only 6 pips on the day...
Market News
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Roman Vashchilin, 21 July 2017, 17:06
As was widely expected the Bank of Indonesia held its key 7day repo rate at 4.75%. Yet the overall effect and tone was slightly dovish. The decision was based on the central banks effort to keep a balanced approach between supporting recovering economic growth and maintaining financial vigilance...
Market News
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Jiming Huang, 21 July 2017, 14:00
Unsurprisingly the European central bank has held its rates steady yesterday at 0% for 17th consecutive month. The ECB meeting took place against a backdrop of strengthening of the single currency. The EURUSD pair has reached 1.16 for the first time in two years...
Market News
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Jiming Huang, 21 July 2017, 13:59
he BoJ monetary policy meeting today when as we had expected. The BoJ held policy mixed unchanged while downgrading inflation and upgrading growth forecasts. The softer inflation forecast should take away some of the bullish moment in the JPY...
Market News
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Jiming Huang, 20 July 2017, 13:31
The EUR/USD pair maintained it’s offered tone through early NA session but has still managed to hold its neck above the key 1.15 psychological mark despite upbeat US housing market data...
Market News
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Roman Vashchilin, 19 July 2017, 19:41
The precious metal is having a difficult time retracing its losses against the greenback in the NA session on Wednesday amid higher risk appetite. As of writing, the XAU/USD is trading at $1,241.45, losing 1$, or 0.08% on the day...
Market News
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Roman Vashchilin, 19 July 2017, 19:36
Gauging political risk and how it will likely impact the pound remains difficult, according to Carl Paraskevas, Research Analyst at Lloyds Bank. Key Quotes “Some have interpreted the result of the snap UK general election as positive for the British pound because it will lead to a “softer” Brexit...
Market News
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Roman Vashchilin, 19 July 2017, 14:02
Since the 2008 crisis, unemployment rate is declining and the data that will be released today will approach 5%. The metric is expected to print lower at 5.1% versus 5.2% a month earlier. The jobless rate is then declining but the proportion of unemployed person having higher education is growing...
Market News
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Jiming Huang, 19 July 2017, 13:39
While other major central banks have shifted bias toward tighten we don’t anticipate that the BoJ will follow...
Market News
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Jiming Huang, 19 July 2017, 13:38
The greenback is getting weaker against major G10 currencies and the euro dollar is now back above 1.15 for the first time since May 2016. The bullish trend seems very deep to us and there are two main points to address...
Market News
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Jiming Huang, 18 July 2017, 13:33
Lacklustre economic data are piling up in US, the Fed has abandoned its hawkish rhetoric for a cautious one amid faltering inflation pressures. Since mid-May, the greenback has lost more than 5...
Market News
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Jiming Huang, 18 July 2017, 13:32
After easing to a fresh session low at 112.33, the USD/JPY is making a modest recovery despite the USD weakness as investors turn their attention to equity indexes. At the moment, the pair is trading at 112.83, gaining 0.25% on the day. Today's only macro data from the U.S...
Market News
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Roman Vashchilin, 17 July 2017, 17:56
EUR/USD is trading around 1.1470 after being unable to break above last week highs. The pair peaked at 1.1486, the highest since Wednesday. The euro failed to rise above 1.1490 (2017 highs) and pulled back modestly...
Market News
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Roman Vashchilin, 17 July 2017, 17:54