USD Rally Over? – Danske Bank Senior Analyst at Danske Bank Sverre Holbek hinted at the fact that the USD upside could be nearly over. Key Quotes “The USD was remarkably stable despite the string of better-than-expected US data on Friday”...
EUR/USD in Red, Stabilizes Below 1.1400 The single currency has started the week on an offered fashion vs. the greenback, prompting EUR/USD to give away part of last week’s strong advance...
There is no trade call for the session. The London session is relatively quiet, however we will see Employment figures from Spain and Construction PMI from the UK. Currency Update USD: Employment figures for March were solid with 215,000 jobs added, a rise of 0...
AUD: Not a Rate Cut Trigger - ANZ Research Team at ANZ, suggests that the RBA board meeting tomorrow will be the main focus this week. Key Quotes “We (and the market) are expecting rates to remain on hold at 2% as global and domestic economic conditions have recently been tracking reasonably well...
Yen Rises Against Majors The Japanese yen strengthened against the other major currencies in the Asian session on Monday. The yen rose to nearly a 5-week high of 158.43 against the pound and a 2-week high of 111.32 against the U.S. dollar, from last week's closing quotes of 158.69 and 111...
AUD/JPY: Bears Attacking 85.00 on Poor Aus Retail Trade The Australian dollar continues to get heavily battered in the Asian session on awful Australian data, now pushing AUD/JPY lower to test 85 handle. AUD/JPY revisiting daily lows The AUD/JPY pair now drops -0.69% to 85...
NZD/USD Under Pressure Below 0.69 on Lower Oil The NZD/USD pair is seen trading with a heavy tone in the Asian session, with the prices surrendering 0.69 handle amid weakness across the commodities’ space. NZD/USD recovers from 0...
An Economics Education by Bitcoin - Part II By Brian Blum The first Bitcoin wallets were integrated with the distributed systems which talked to each other to reach a consensus on transactions which had taken place. This consensus is called the "block chain...
An Economics Education by Bitcoin - Part I By Brian Blum For those unfamiliar with Bitcoin, there are better ways to begin understanding it than this article; I'd recommend Wikipedia for starters...
USD/JPY: Expectations of the Interest Rate Increase in the USA Have Significantly Decreased At the closing trading session in Asia Japanese stock index Nikkei Stock Average fell by 3.6% to 16164.16 points...
USD Still Vulnerable ahead of NFP Report – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar continues to remain on the defensive ahead of the release today of the latest non-farm payrolls report...
JPY: Stronger Yen Hits Business Confidence in Japan - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the weakness in the Japanese equity market and the strengthening of the yen likely reflects as well a further loss of investor confidence in Abenomics following the release overnight of...
Euro Rises As Eurozone Manufacturing Growth Improves The euro strengthened against the other major currencies in the Asian session on Friday, after data showed that the Eurozone manufacturing growth improved more than initially estimated in March...
US: Less Dovish Fed Speak – Investec Research Team at Investec, notes that in terms of US economic data yesterday, the main takeaway was further improvement in US manufacturing, with the March Chicago PMI reading showed an increase of 6pts last month to a better than expected 53.6 (vs. 50...
GBP: Final Reading of Q4 UK GDP Revised Up – Investec Research Team at Investec, notes that yesterday saw UK Quarterly GDP growth for Q4 last year was revised up a touch, to +0.6% from +0.5% previously estimated. Key Quotes “For the year 2015 as a whole, growth was also revised up by 0.1pp, to 2...
BOJ’s Sakurai: Current Yen Not Too High vs its Level in 2012 Bank of Japan’s (BOJ) Sakurai, while commenting on exchange rate said the current level of Yen is not too highs compared to the one seen in 2012...
BoJ Tankan Worsens – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that the downward risk to USD/JPY is greater under worsening Japan-US economic conditions...
There is No Basis for Continued Depreciation of the Yuan - Xinhua Xinhua News Agency reporting comments from China’s foreign ministry on the Yuan and country’s fiscal policy...
USD: Evidence of FX Reserves Rebalancing – Nomura Research Team at Nomura, suggests that the FX reserves rebalancing may explain some of the weakness in USD...
