AUD/USD Gains Capped Around 0.77 – Westpac According to strategists at Westpac, AUD’s upside appears somewhat limited around the 0.7700 handle in the near term. Key Quotes "AUD/USD found fresh buyers and pricing for a May rate cut faded to below 30% after the strong Mar NAB business survey”...

BoC Decision Preview: What to Expect of USD/CAD? The Bank of Canada (BoC) will announce its monetary policy decision at 14:00GMT and it is widely expected to keep rates on hold at 0.50% this month...

US Dollar Near 94.50, Off Highs Post-US Data The greenback, tracked by the US Dollar Index, has lost some momentum following the release of US data, leaving behind session highs near 94.70...

EUR/USD Moves Off Lows after US Retail Sales EUR/USD moved off daily lows and trimmed intraday losses following the release of disappointing US retail sales and producer prices data. US retail sales fell 0.3% to a seasonally adjusted $446.89 billion in March, missing expectations of a 0...

BoC and US Retail Sales in Focus - BBH Research Team at BBH, suggests that the North American session features US retail sales and PPI, the Bank of Canada meeting, and the Beige Book later in the session. Key Quotes “After yesterday’s unexpected 6...

CAD: Room for Optimism? - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the CAD has this week rallied to its best level vs. the USD since July 2015 and the recent gains in the oil price have been a big incentive for the CAD...

Key Commentaries from Fed's Jeffery Lacker Last night speaking at North Carolina, Richmond FED president Jeffery Lacker said that he considers the expectations issued in December to be more appropriate pace for hikes than the ones issued in March...

Fed Speak Sounded Mixed – Deutsche Bank Research Team at Deutsche Bank, suggests that as far as Fed speak was concerned, while Philly Fed president Harker displayed near term caution about the outlook he was positive for later in the year...

BoC to Stay the Course - BNPP Research Team at BNP Paribas, suggests that for today’s Bank of Canada announcement the focus will be on the updated macroeconomic projections incorporating additional fiscal spending. Key Quotes “The government expects the budget to boost 2016 GDP growth by 0...

US Retail Sales: Constructive Underlying Spending Ton – TDS Research Team at TDS, suggests that the weaker auto sales should be a key source of drag on US headline retail sales activity, pushing the pace of spending down for the third consecutive month...

Mid-Week Data and Reversion to STEER™ Could Boost USD – BNPP Research Team at BNP Paribas, suggests that the USD’s recovery vs the EUR and JPY continued overnight and is taking support from a recovery of US front-end yields...

BOJ’s Harada: BOJ will Fully Debate Additional Easing Steps If Needed to Respond to Economic Risks The Bank of Japan (BOJ) board member Yutaka Harada returned on the wires via Reuters now, noting that in theory, BOJ has more room left to lower rates...

AUD: Recovery Across the Non-Mining Economy is On Track - NAB Research Team at NAB, suggests that the recent Australian business survey outcomes suggest the recovery across the non-mining economy is on track or indeed gathering speed...

FXWIREPRO: Yen Eyes on Gains Again As Boj's Kuroda Hints Stimulus - Hedging Positions in Line With Risk Reversals As we could see the change in delta risk reversal numbers into negative territory, that signals underlying pair would resume its bearish travel in next 1 weeks time...

USD/JPY Ignored Uptick in US Import Price Index Bid tone around USD failed to strengthen despite rise in the US import price index, leaving USD/JPY largely unaffected around 108.30...

US Session Includes Fed Speak and Import Prices Data - BBH Research Team at BBH, suggests that the US session features import prices, where the risk is on the upside after a 0.3% decline in February. Key Quotes “Three regional Fed presidents speak (Harker, Williams, and Lacker...

UK: Extension of Sterling's Recovery - BBH Research Team at BBH, suggests that the highlight in the foreign exchange market today is the extension of sterling's recovery...

CAD: BoC Preview/Made in the US - ING Viraj Patel, Foreign Exchange Strategist at ING, suggests that the tighter financial conditions will be a concern for BoC’s governor Poloz...

BoC in Neutral Mode at April Meet, Focus Likely to be on the Monetary Policy Report The Bank of Canada (BoC) holds its next policy meeting on Wednesday, 13th April. While no change in policy is expected, the central bank's new growth forecasts will be watched...

Japan Continues to Highlight Unease Over One Sided Yen Moves - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has weakened modestly in the Asian trading session undermined in part by further verbal intervention from Japanese officials and an improvement in global investor risk sen...