US Dollar Surrenders Gains, Near 94.10 ahead of Fed The greenback, tracked by the US Dollar Index, has faded the earlier bullish attempt towards the 94.30/35, returning the 94.10 area. US Dollar now looks to Fed The index keeps the trade in the area of yearly lows in the vicinity of the 94...
Yen Rally Getting a Bit Extended Yen is enjoying its longest and strongest rally since the financial crisis, however that rally is looking a bit stretch now in the very near term and there could be short covering in USD/JPY, if equities rally or Dollar strengthens...
China: Housing Supports CPI Inflation; Subsiding PPI Deflation - ING Tim Condon, Chief Economist at ING, suggests that the evidence of demand-side CPI pressure and narrowing PPI deflation lessen the case for PBOC rate cuts...
Weakness of the US Economy has Undermined the Greenback - BBH Research Team at BBH, suggests that the weakness of the US economy and the caution by the Federal Reserve to raise rates again after the December lift-off has undermined the greenback...
Fed Speakers Along with BoE and BoC to Take Centre Stage This Week – Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that there are no key data releases today although scheduled speeches from the Fed’s Dudley and Kaplan will ensure the outlook for Fed policy remains a prime focus...
JPY: Japan Strengthens Direct Intervention Threat - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the verbal intervention from Japanese officials has had only a limited impact at dampening yen strength in the near-term...
US: Weak Start to the Year Reinforcing USD Weakness - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the US dollar continues to remain on the defensive in the near-term undermined the Fed’s dovish policy shift...
There is no trade call for the session. As always on Mondays I prepared the currency update so you can familiarize with the situation in the markets. Currency Update USD: Employment figures for March were solid with 215,000 jobs added, a rise of 0...
USD Short Remains Moderate - BNPP James Hellawell, Research Analyst at BNP Paribas, lists down the FX positioning analysis data for the week ending 11th April. Key Quotes • “AUD and CAD positioning is light at scores of +1 and -2 respectively while NZD short positions remain large at -27...
BoE: Most Important Event for the UK – Danske Bank Research Team at Danske Bank, suggests that in the UK, the most important event this week is the Bank of England (BoE) meeting on Thursday. Key Quotes “We expect the BoE to maintain the Bank Rate and stock of purchased assets unchanged at 0...
Yen to Remain on Rise on Japan's Delicate Intervention Situation – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the USD/JPY slid below ¥110 last week and this is the internal base rate for many Japanese exporters in the new fiscal year...
China: Strong Reasons for the PBOC to Stay the Course - ING Tim Condon, Chief Economist at ING, assumes that the PBOC is likely to keep the NEER steady and ING’s forecast that USD/Majors will be range bound is behind their yearend 6.47 USD/CNY forecast...
With the world economy entering a more uncertain phase and the top central banks sounding ever more cautious, attention may turn in the coming week to signs of whether years of aggressive stimulus have yielded any significant rise in inflation. The U.S...
Fed’s Dudley – Cautions Approach to Rate Hikes Appropriate New York Fed’s Dudley, while speaking in Connecticut, said a cautious and gradual approach to rate hikes is appropriate...
BoE Could be a ‘Non-Event’ Next Week – TDS In opinion of strategists at TD Securities, the Bank of England would leave unchanged its monetary conditions at its meeting next week...
Treasury Yields Rise on Oil and US Growth Prospects Treasury prices in the US fell, pushing the yields higher, tracking rise in oil prices and prospects of a pickup in the US economy. At the time of writing, US 10-yr treasury yield was up almost three basis points at 1.715...
Canada is Expected to Have Grown 10k Jobs in March - BBH Research Team at BBH, suggests that the Canadian dollar’s advance has cut this week’s decline in half and today’s employment data will likely determine how it finishes the week...
GBP During the Campaign Period - Nomura Research Team at Nomura, suggests that currently, bookmakers’ odds imply the probability of Brexit is around 33...
Japan Reported Larger than Expected Currency Account Surplus - BBH Research Team at BBH, notes that Japan did report a larger than expected February currency account surplus. Key Quotes “It rose to JPY2.435 trillion, the most since March 2015, from JPY520 bln in January...
