The strong dollar is no longer an excuse not to raise rates. Shortly before the Federal Reserve raised interest rates in December, Fed governor Lael Brainard gave a speech about why it should proceed cautiously...

NZD/USD Trims Weekly Losses NZD/USD surged after the beginning of the American session and climbed from below 0.6600 to 0.6756, reaching the highest level since the Reserve Bank of New Zeland rate cut surprise. The pair is holding near the highs, currently trading at 0.6742/46, up 1...

EUR/USD Attempts a Recovery to 1.1150 The offered tone in the greenback seems to have returned, now allowing EUR/USD to rebound to the 1.1150 area. EUR/USD still in red, upside capped at 1.1220 The pair has managed to gather some traction and stage a strong rebound after bottoming out in the 1...

The British Chambers of Commerce (BCC) has downgraded its growth forecast for the UK economy, blaming "global headwinds and uncertainty". It now expects the UK's economy to grow by 2.2% this year, down from a previous estimate of 2.5%. The BCC also cut its growth forecast for 2017 to 2.3% from 2...

Euro Declines Against Majors The euro fell against its major opponents in European deals on Friday, amid stark contrast in the European Central Bank's monetary policy from those of other major central banks in rest of the world...

USD/CAD: Sell-off Stalls as Oil Trims Gains Canadian dollar’s tight correlation with oil continues remains intact; with USD/CAD sell-off stalling near Wednesday’s low given oil has trimmed gains. Off lows, but still down 0.67% Pair has recovered slightly from the low of 1...

Dramatic Journey of Euro in the Aftermath of ECB Piotr Matys, EM FX Strategist at Rabobank, notes that the ECB revealed a comprehensive package of easing measures to boost inflation and economic activity in the Eurozone. Key Quotes “Key measures include a 10bp cut in the deposit rate to -0...

EUR/GBP Slumps to 0.7750 on GBP-Buying The selling pressure around the single currency is picking up pace today, now sending EUR/GBP to test fresh lows in the mid-0.7700s. EUR/GBP down from 0.7850 The European cross is losing around a cent since overnight tops in the 0...

EUR/USD Extends the Drop to 1.1080 The selling mood is now gathering further steam around the shared currency, with EUR/USD testing the 1.1085/80 band. EUR/USD focus on 200-day sma? Spot accelerates its recent rejection from the 1...

EUR/USD Losing Altitude, Challenges 1.1100 The common currency is now facing further selling pressure, relegating EUR/USD to trade in the lower bound of the range near 1.1100 the figure. EUR/USD gains limited around 1...

AUD/USD Pops as Traders Ignore Iron Ore Price Slide The AUD/USD pair is sitting above 0.75 handle as markets ignored Iron ore futures in Singapore, which sank back toward $50 a metric ton. Bid above by 5-DMA The spot found bids above 5-DMA at 0.7470...

Did Financial Markets Misunderstand ECB President Draghi...

Pivot Points-Hourly Last Updated: Mar 11, 2:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.10335 1.10629 1.1073 1.10923 1.11024 1.11217 1.11511 USD/JPY 113.447 113.627 113.705 113.807 113.885 113.987 114.167 GBP/USD 1.42277 1.42588 1.42722 1.42899 1.43033 1.4321 1.43521 USD/CHF 0.98428 0...

Commodity Currencies Gain On Rebounding Oil Price Commodity currencies such as the Australian, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Friday amid rising risk aversion, as sentiment improved on rebounding oil prices...

USD/JPY Swings Back to 113.60 as Nikkei Rebounds The bulls found solid support near 5-DMA at 113.17 and swung back higher into gains, now taking on the recovery towards 114 handle...

ECB: Rethinking its Strategy? – Rabobank Research Team at Rabobank, notes that the ECB cut its deposit rate by 10bp to -0.40% and its main refinancing rate by 5bp to 0...

Brexit Scenarios: The Good, the Bad and the Ugly – HSBC Simon Wells, Chief UK Economist at HSBC, suggests that armed with a measure of uncertainty, its potential impact on GDP and what the policy response might be, they outline three ways in which the economy might be impacted in the event of a v...

Negative Interest Rates: The world Turned Upside Down Research Team at NAB, suggests that the latest ECB move highlights negative interest debate...

EUR/USD: U-turn, After Draghi Suggested Little Scope for Further Action Sean Callow, Research Analyst at Westpac, notes that the EUR/USD dropped about 1.5 cents in response to the ECB’s various easing measures but later reversed sharply, surging 4 cents to above 1...

NZ Dollar Advances Against Majors The New Zealand dollar weakened against the other major currencies in the Asian session on Friday. The NZ dollar rose to a 2-day high of 1.1145 against the Australian dollar, from yesterday's closing value of 1.1174. Against the U.S...