The EUR/USD pair maintained it’s offered tone through early NA session but has still managed to hold its neck above the key 1.15 psychological mark despite upbeat US housing market data...
The precious metal is having a difficult time retracing its losses against the greenback in the NA session on Wednesday amid higher risk appetite. As of writing, the XAU/USD is trading at $1,241.45, losing 1$, or 0.08% on the day...
Gauging political risk and how it will likely impact the pound remains difficult, according to Carl Paraskevas, Research Analyst at Lloyds Bank. Key Quotes “Some have interpreted the result of the snap UK general election as positive for the British pound because it will lead to a “softer” Brexit...
Since the 2008 crisis, unemployment rate is declining and the data that will be released today will approach 5%. The metric is expected to print lower at 5.1% versus 5.2% a month earlier. The jobless rate is then declining but the proportion of unemployed person having higher education is growing...
While other major central banks have shifted bias toward tighten we don’t anticipate that the BoJ will follow...
The greenback is getting weaker against major G10 currencies and the euro dollar is now back above 1.15 for the first time since May 2016. The bullish trend seems very deep to us and there are two main points to address...
Lacklustre economic data are piling up in US, the Fed has abandoned its hawkish rhetoric for a cautious one amid faltering inflation pressures. Since mid-May, the greenback has lost more than 5...
After easing to a fresh session low at 112.33, the USD/JPY is making a modest recovery despite the USD weakness as investors turn their attention to equity indexes. At the moment, the pair is trading at 112.83, gaining 0.25% on the day. Today's only macro data from the U.S...
EUR/USD is trading around 1.1470 after being unable to break above last week highs. The pair peaked at 1.1486, the highest since Wednesday. The euro failed to rise above 1.1490 (2017 highs) and pulled back modestly...
The US Federal Reserve wants to let inflation run and keep interest rates low. This, we believe, is for two reasons. First, letting inflation rise will allow erode the US Central Bank’s bond-bloated balance sheet in real terms...
Chinese equities tumbled on Monday with the tech focussed Shenzhen index falling 4.28% to 1,800.54, while the Shanghai Composite was off 1.43% to 3,176.46 points. Data showed the world’s second largest economy grew 6...
The global economy is in good shape and the CIO believes areas of weakness are not a cause for immediate concern. The CIO remains confident in the global recovery, writes Mark Haefele. Optimism about the outlook for the global economy has been relatively high...
Inflation data and central bank meetings will be the focus of next week. But we wouldn't hold our breath – the meetings in emerging market countries are unlikely to bring major changes. EURUSD bulls, like us, will be more concerned about the ECB press conference on Thursday...
The EUR/USD pair recorded a 50-pip jump in the first hour of the NA session and approached its 14-month top, which it set on Wednesday at 1.1473. While holding on to its daily gains, the pair is trading at 1.1467, up 0.6%, or 70 pips, on the day...
The demand for the shared currency remains firm at the end of the week, taking EUR/USD to the upper end of the range in the 1.1460/70 band...
The greenback, in terms of the US Dollar Index, is trading on the back footing early in the European session although it manages to keep the area around 95.50 for the time being...
Analysts at Nomura explained that the euro has moved a long way (nearly 6% since our entry), and they feel it is prudent to tactically book profits. Key Quotes: "Expectations for the ECB have swung from low expectations of tightening to tapering and possibly two rate hikes by the end of next year...
EUR/USD is hovering around 1.1400, marginally lower. It is falling for the second day in a row as it continues to correct lower from 1-year highs that reached on Wednesday during the Asian session at 1.1489...
At the 6.75 range, the USD/CNY has hit its lowest level so far in 2017, and our outlook is that it will keep falling. China’s export surplus balance is holding strong at +$42.4 billion, and its surplus to the USA grew $3 billion in June alone...
