Pound Bid on UK Retails Sales - ANZ Analysts at ANZ noted that there were very strong retail sales data for April for the UK overnight. Key Quotes: "Headline sales rose 1.3% m/m and March's fall was revised significantly to -0.5% vs -1.3...
FOMC Minutes Keeping Dollar Bid - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the hawkish tone of the FOMC Minutes kept the dollar running this Thursday, as investors were caught on the wrong side of the market when the Central Bank opened doors for a June rate hike...
Commodities: Oil Solid on Supply Disruption Concerns - ANZ Analysts at ANZ noted that commodities were weaker across the board as the stronger USD weighed on investor sentiment...
Pivot Points Daily Last Updated: May 20, 2:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11026 1.11528 1.1177 1.1203 1.12272 1.12532 1.13034 USD/JPY 108.628 109.315 109.629 110.002 110.316 110.689 111.376 GBP/USD 1.44063 1.45084 1.45582 1.46105 1.46603 1.47126 1.48147 USD/CHF 0.97759 0...
Pivot Points Hourly Last Updated: May 20, 2:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11857 1.11928 1.1197 1.11999 1.12041 1.1207 1.12141 USD/JPY 109.758 109.845 109.884 109.932 109.971 110.019 110.106 GBP/USD 1.45876 1.45951 1.45995 1.46026 1.4607 1.46101 1.46176 USD/CHF 0.98976 0...
Fed: We Believe FOMC will Wait Until September to Raise Rates - Danske According to analysts from Danske Bank, the minutes from the latest FOMC meeting showed a divided committee and they continue to expect the next rate hike to take place in September...
Stocks Drop as Hike Fears Return Stocks sharply lower at US open June rate hike not such a crazy idea UK consumers bat off Brexit fears Anxiety is setting in for financial markets, as the proposition of another rate hike from the Fed draws the bears out once more...
US Markets Fall as Investors Dump Stocks on Fed Rate-Hike Fears On Thursday, major US stock indices opened lower as mounting fears of an earlier than expected Fed rate-hike decision as early as June, seems to be weighing on investor sentiment...
Gold Drops to Session Low of $1245 after Mixed US Data Extending its downward trajectory, Gold has broken below 50-day SMA support near $1250 level to currently trade at $1245, near low point of the day...
ECB Committed to Bring Inflation to Target Without Undue Delay Minutes of the European Central Bank’s April meeting showed that the bank wants to leave absolutely clear that it is committed to revive inflation in the Eurozone...
AUD: Monetary Policy is a Key Factor - BBH Research Team at BBH, suggests that the monetary policy is a key factor in the Australian dollar. Key Quotes “The rate cut and dovish posture of the RBA has seen accelerated the retracement of the Aussie's run-up in the first four months...
RBA Considered Postponing Rate Cut – Westpac Research Team at Westpac, suggests that the RBA minutes earlier in the week were less dovish than expected...
Oil in Global Economy Series: What Fundamentals at Play in Oil Market Currently? North American benchmark WTI, has risen 85% or more from its February low and up around 28%, so far this year...
JPY: Abe Expected to Unveil a Larger Liscal Program - BBH Research Team at BBH, notes that at the last G20 meeting, Japan may have been questioned about its unexpected rate cut at the end of January...
USD Now Shifted the Focus to June – Westpac In opinion of Richard Franulovich, Strategist at Westpac, the greenback will take centre stage in the run up to the Fed meeting in June...
Dollar Consolidates after Yesterday's Big Gains - BBH Research Team at BBH, notes that the FOMC minutes came in on the hawkish side and the statement that “most” Fed officials saw a June hike as “likely” if warranted by the economy did the trick...
UK Retail Sales Bounces Back - TDS Research Team at TDS, notes that the UK retail sales in April bounced back 1.3% m/m off an upward-revised March decline of -0.5% m/m (was -1.3%), confirming their upside bias...
Fed Minutes Highlight a Committee that Want to Raise Rates – Deutsche Bank Research Team at Deutsche Bank, notes that the Fed minutes last night highlight a committee that continues to want to raise rates whenever they can push it through...
