Here’s the market outlook for this month: Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bearish From a high of 1295...
Analysts at Nomura explained that the bottom line is that the coming months will be pivotal for markets. Key Quotes: "In recent weeks, we have suggested USD/JPY could face significant downside pressures...
EUR/USD spiked higher after the release of the FOMC minutes but it quickly tuned to the downside, trimming recent gains. The pair rose to 1.1355 immediate after the release but now is trading near the 1.1320 area, moving toward daily lows. Earlier today the pair bottomed at 1...
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The Gold price is on its way down and has reached its weakest level since the 10th of May. Selling pressures seem none-the-less to fade around $1220. The North Korean missile launched into Japanese waters yesterday barely boosted the precious metal for the time being...
It has been a relatively light week in terms of economic data so far and investors are desperately looking for drivers. After falling as much as 2%, the dollar index got some colours back this week amid building expectations for monetary tightening from the Federal Reserve...
BoJ last month stated that inflation expectations remains in “weakening phase”, there would appear to be good reason behind Governor Kuroda recent statement that it was “too soon to discuss an exit plan”, according to Jane Foley, Senior FX Strategist at Rabobank...
The Swiss franc is still trading below 1.10 against the single currency despite short-term bullish pressures on the pair. We believe that there is at the moment two major reasons that are pushing the euro against the Helvetic currency...
As expected, the Reserve Bank of Australia kept its cash rate unchanged at 1.50%. Despite the widely-held view for no change, there was still a level of disappointment that the RBA refrained from discussing “normalisation” or offering a hawkish lean...
The AUD/USD pair remained under some selling pressure through European trading session and dropped session low near mid-0.7600s, albeit has managed to recover few pips thereafter. Investors now seemed to have realized that the greenback selling might have been overdone in the near-term...
The global wave of populism has finally reach Japan’s shores. In an historic upset, Tokyo Governor Yuriko Koike's Tokyo Citizens First Party and its partners won a clear victory at Sunday’s Tokyo Metropolitan assembly election. The political party, practically unknown outside of Tokyo...
After a painful week, the US dollar started the week on the front foot, extending gains against most of its peers. The dollar index tumbled 2% last week amid a sharp appreciation of the single currency (+2.07%), the loonie (2.34%) and the pound (+2.41...
USD/JPY has suffered a slight setback in the early hours of Monday trade, with the exchange rate reaching a session low of 112.10 from 112.42 NY close last Friday, before an attempt to recover its footing and fill the gap, last at 112.30...
AUD/USD clocked a low of 0.7673 after the data released in Australia showed the building permits in May tanked 5.6% m/m. The drop was way bigger than the expected -1.3% print. China Caixin PMI showed the manufacturing activity returned to expansionary territory in June...
After 15 straight quarters of growth, the Eurozone is currently at mid-cycle, with economic expansion above trend, core inflation low, and there is room for unemployment to fall further, said UBS Chief Investment Office (CIO...
The upcoming week will be dominated by PMI releases and labor market data from around the globe. CIO expects the data to support the view of strong global growth. The central bank meetings in Australia and Sweden are unlikely to bring any big surprises...
According to analysts from Danske Bank, it is too early for a discussion about the exit strategy from the Bank of Japan. They see EUR/JPYmoving toward 137 in a year from now. Key Quotes: “We see any discussions regarding an exit from unconventional policy by the Bank of Japan (BoJ) as premature...
Cable’s near-term outlook stays neutral/bearish, according to Chief FX Strategist at Socotiabank Shaun Osborne. Key Quotes “Intraday price action looks a little soft again with Cable struggling to hold above 1.30...
Switzerland's KOF Leading Indicator reversed the prior month’s weak read surging to 105.5 (from 102.0 in May). The jump nearly covered last month’s decline and highlighted that the upwards trend indicates near term outlook remains solid...
