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The Canadian government has projected that the change in fiscal stance will add 0.5ppt to real GDP growth this fiscal year, notes BTMU...
GBP's performance against USD is lagging compared to its other G10 counterparts. Brexit fears continue to weigh on GBP, our G10 FX PIX indicator shows GBP short positioning increased further last week and is now at extreme levels, a lot is already priced in now for the EU referendum...
FXWIREPRO: EUR/JPY Breaks Strong Trendline Support at 125.26, Good to Sell Rallies EUR/JPY is retreating from last week’s tops just above 128.00, and has breached strong trendline support at 125.26. Momentum studies are bearish, confirming further downside in the pair...
China: March Foreign Reserves Data Preview – ING Tim Condon, Chief Economist at ING, suggests that based on stable CNY policy and ING’s house view that USD/Majors will range trade in 2016 they revised their yearend USDCNY forecast to 6.47 from 6.65...
USD/JPY: Getting the Markets Confused - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that on the first of February, just before the BOJ’s bungled attempt to ease monetary policy, the Bloomberg consensus for USD/JPY in Q4 2016 was 125, with a range of 110-134...
Dear Traders, The dollar advanced on the back of hawkish comments from Federal Reserve President Eric Rosengren who said that the U.S. may need more rate increases than the market is currently pricing in...
Brent Oil Strengthens, Ignores Iran Oil Minister’s Comments Brent oil regained poise and clocked a fresh session high of $38.83 levels as traders ignored comments from Iran oil minister which indicate rise in oil supply in near future...
Euro To Dollar Forecast: EUR/USD Signaling Bearish Trend Euro currency exchange rate vs US Dollar struggling to break $1.1420 resistance. It looks like that the EUR/USD pair may be setting up for a sharp decline in the near term as the investors eye FOMC meeting minutes...
FOMC Minutes (March Meeting) - Wed 4/6 - 2:00 PM ET BofAML: The dichotomy between dovish remarks from Fed Chair Janet Yellen and more hawkish comments by several of her colleagues on the Federal Open Market Committee (FOMC) sets the stage for the March minutes...
US: Better ISM Data Coupled with Weaker GDP and Profit Concerns - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that the US data continues to provide mixed signals on the outlook for the economy that would appear at least for now to back up the need for caution, expressed by Chair Y...
As a result of a powerful wave of decline observed on Tuesday, #USDJPY has reached the lower limit of the trading range that was relevant for the past two months. The yen is growing despite the Bank of Japan's actions. Find out more by checking out the Source Link...
Quotes of #USDCAD have reached the resistance line of the descending medium-term trend, where bulls took a timeout. The dynamics of oil prices traditionally had an influence on the loonie - so the bears in this market have intensified. Find out more by checking out the Source Link...
USD/JPY Outlook Shifted to Bearish – UOB In view of the research team at UOB Group, the pair’s perspective has turned to bearish in the next 1-3 weeks. Key Quotes “USD broke below last month 110.65 low to touch a 109.94”...
USD/JPY Struggles to Avoid Losses as BOJ Hesitates to Intervene USD/JPY is working hard to avoid losses as Bank of Japan policy officials rule out FX market interventions and talk about 100 levels in the pair. Hovers around 110.30 The spot is now trading around 110...
Eurozone: Consumers don’t Act on Lower Confidence - ING Bert Colijn, Senior Economist at ING, suggests that the Eurozone retail sales increased in February and reached the highest level since early 2008, defying increased nervousness among consumers because of global turmoil...
Risk-Off Flows Jolt Currency Markets - Investec Research Team at Investec, notes that yesterday was another day of risk-off moves, as stock markets were a sea of red and currency markets saw safe-haven moves into the US Dollar, and notably the Japanese Yen which reached 1.5 year highs...
Gold on the Back Foot as USD Climbs Ahead of Fed Minutes Gold extends its retreat from 20-DMA resistance and remains heavily offered in the mid-European session, on the back of broad based US dollar rebound. Gold: FOMC minutes to confirm the recent Yellen’s dovish stance...
GBP/USD Accelerates the Breach of 1.41 The sterling is now quickly losing the temper vs. the dollar, sending GBP/USD further south of the 1.4100 handle...
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. As mentioned yesterday, while short-term momentum has eased off, it is not enough to indicate that a short-term top is in place. Hence, we continue to hold a positive view for EUR. Last week’s peak near 1...
