Even the euro was very little changed from the buck at $1.1452, in front of some series of PMI readings from the other side of the area. It climbed to 52.4 in 51.1 in December...
USD/CNY dropped 2.20% since the beginning of the year on US-China trade optimism, USD softness and China’s manufacturing rebound. However, the USD/CNY could rapidly turn north, as a trade deal with the US, China’s by far largest trade partner, would significantly reduce its trade surplus...
Given yesterday’s decision of the US Federal Reserve not to raise interest rates, US dollar weakness for 2019 is on track. The Fed decelerated monetary policy and its tightening path, and it gave a very strong signal that interest rate cycle is finished...
2019 started with a cautious outlook. Outside the US-China trade tensions, worries centred on the effect of the US Federal Reserve tightening. Normalization came when risk appetite was shaky and valuations for stocks and bond were elevated...
We don’t see how GBP can maintain its strength. Too much uncertainty: GBP/USD is currently trading at 1.3112, approaching 1.3065 short-term. UK Prime Minister Theresa May says she’ll return to Brussels to convince the European Council to remove the Northern Ireland backstop. Yeah, right...
Markets seems less concerned with EUR/GBP and GBP/USD as 1-month volatility remains low. The European Central Bank is cautious, expected to launch new liquidity facility. While it is not directly focused on Brexit risk, it does help backstop overall European risk...
Despite a 2018 that included trade sanction escalations, a sharp drop in emerging currencies, fears of a global economic slowdown and a hawkish Fed, Swiss exports reached CHF 233.1 billion (+5.70%), a new record and the highest percentage gain since 2010...
LONDON, Jan 29 (Forex in world) – The British money has shrunk 6 per cent by Jan. 4%, but farther profits could possibly be confined except if law-makers come using a huge majority around the volatility...
Pound is very likely to grow if alterations are passed that will delay Brexit or reduce a no-deal. Adhering to these comments the GBP/USD pairing slipped, but this did very little to avoid Sterling from rebounding and reaching a top of $1...
SINGAPORE, Jan 29 (Forex in the world): The United States on Monday billed Huawei, its own primary financial officer along with two affiliates using cable and bank fraud to violate sanctions against Iran at a case that’s escalated tensions...
Sentiment is weak today, as investors wait on sales forecasts for 2019. Attention will be on European Central Bank President Mario Draghi’s speech before the European Parliament. Following last week’s ECB meeting, Draghi will likely not provide new information...
US data released on 24 January points to ongoing strength in the US economy. The labor market continues to tighten – weekly jobless claims fell by 13,000 to 199,000, the lowest level since 1969. The Markit composite PMI index inched up to 54.5 from 54...
Markets have been closing in positive territory las week, as investors have been meticulously watching communications relating to US and China trade progress...
Global monetary policy, which was expected to tighten significantly, has shifted in the last month. Markets still expect 2019 to bring tighter financial conditions, but not at the current slower pace...
Today’s monetary policy meeting at the European Central Bank is expected not to move the Euro with respect to the dollar. We expect ECB President Mario Draghi to be cautious on rates and present a positive view of the broad economy. The EUR/USD is expected to remain stable along 1...
The Bank of Japan (BoJ) will maintain its policy rate unchanged at -0.10% at tomorrow’s monetary policy meeting. This comes on the heels of a recent cut in forecasted GDP growth for 2019 to 1.30%. BoJ is even more pessimistic, expecting growth below 1...
A Brexit delay looks likely, but this does not necessarily give a resolution. If the new European Parliament votes in May 2019 not to give further concessions to the UK, including on the Irish backstop, a second referendum or even general elections in the UK are likely...
Coming up to the USA’s federal government shutdown, the American economy was in acceleration mode. Although new data are scant, it appears shutdown will have more negative effect than originally forecast. Traders should be prepared for disappointment...
Euro has been unable to gain traction against major G10 peers suggesting mounting downside risk. The rationale seems clear for bearish sentiment. Incoming economic data, led by weakness in Germany has been troubling...
