Business inventories were slightly below estimates Slow inventory building could see US Q1 GDP revised to +0.9%, according to JP Morgan. That's after a slightly downward revision to March inventories. They also added a downside bias to their Q2 GDP forecast of 2...
Russian hackers stole databases and completely compromised systems The Washington Post is reporting that Russian spies gained total access to top Republican and Democratic computer systems and databases...
Retail sales weren't strong enough to trigger Fed fears Gold is slightly lower after four days of gains and six day in the past seven. The climb began after a weak non-farm payrolls report pushed back expectations for a Fed rate hike...
As of 2016, China is the largest economy in Asia and the world’s second-largest economy in terms of nominal gross domestic product (GDP) at approximately $11 trillion. Although China’s GDP grew at 6.9% in 2015, this was its lowest growth rate in 25 years...
Schweizerische Nationalbank, or Swiss National Bank (SWX: SNBN), Switzerland's central bank, is responsible for conducting national monetary policy in pursuit of a stable price environment broadly beneficial to the country and conducive to economic growth...
PIMCO's forecasts call for 5.5 to 6.5% growth in Chinese gross domestic product (GDP) in 2016. This figure is above the global average but substantially lower than China's performance over the preceding decade...
A burning question that arose in the aftermath of the February 2016 G20 meetings in Shanghai is whether the G20 members secretly instituted a "Plaza Accord" agreement to intervene and stem the rise of the U.S...
Central banks will be in focus this week with the Federal Reserve, Bank of Japan, Swiss National Bank, and Bank of England all due to announce their latest monetary policy decisions. As always on Mondays kick start the week with my prepared currency update below...
What maintains the trend on a currency i.e. how can we differentiate between when a pair will rally and then sell off and when a pair will rally and remain at new highs...
Get Ready for FOMC, Brexit Referendum Next Two Weeks Talking Points: - AUD/USD, EUR/USD key reversals give USD near-term bullish bias. - USD/JPY easing back weighs on risk assets - equities lower...
Pivot Points Hourly Last Updated: Jun 10, 3:15 pm +03:00 Symbol S3...
Crude Oil (WTI) (N6) Intraday: the downside prevails. Pivot: 50.86 Most Likely Scenario: short positions below 50.86 with targets @ 49.40 & 48.75 in extension. Alternative scenario: above 50.86 look for further upside with 51.65 & 52.25 as targets...
USD Faces Fresh Headwinds - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the potentially softer retail sales could weigh while the Fed is likely at best neutral if not negative for the USD. Key Quotes “Risks favour USD index testing recent 92.0 lows...
JPY: Negative External Environment Remains Supportive – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has strengthened modestly overnight supported by the more risk-averse trading conditions...
Global Growth Disappointment to Continue - RBS The views of RBS economists on global economic matters have been largely vindicated by the incoming data in recent weeks. Key Quotes “Global growth is decelerating and undershooting consensus forecasts as we anticipated...
Asian Markets Trading on a Lower Note, Gold Back Below $1,270 All the major Asian indices are trading on a lower note on Friday and on the other side, Yen fails to fall below 106 marks and trading around 107.15 marks...
Pivot Points DAILY Last Updated: Jun 10, 12:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12704 1.13269 1.13571 1.13834 1.14136 1.14399 1.14964 USD/JPY 105.37 106.173 106.575 106.976 107.378 107.779 108.582 GBP/USD 1.43316 1.44323 1.44664 1.4533 1.45671 1.46337 1.47344 USD/CHF 0.94534 0...
Pivot Points Hourly Last Updated: Jun 10, 12:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12964 1.13057 1.13092 1.1315 1.13185 1.13243 1.13336 USD/JPY 106.882 106.982 107.022 107.082 107.122 107.182 107.282 GBP/USD 1.43912 1.44267 1.44399 1.44622 1.44754 1.44977 1.45332 USD/CHF 0.96257 0...
Brazil: Markets Continue to Price in Perfection - BBH Analysts from Brown Brother Harriman warn that the market is pricing in a very optimist scenario in Brazil and affirm that if global markets turn again it will be amongst the most vulnerable...
