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Japan’s central bank is stepping up its efforts to kick-start the country’s struggling economy by taking a key interest rate into negative territory. The Bank of Japan said Friday that it will cut the rate on current accounts that commercial banks hold with it to minus 0...
UK Retail Sales is likely to add some momentum to the Sterling if we were to get a surprise release today. At any rate, because of the referendum, I would only take a trade if we get our tradable deviation… 5:30am (NY Time) UK Retail Sales Forecast -0.7% Previous 2.3% DEVIATION: 0.5% (BUY GBP -0...
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The euro is expected to remain more stable against the US dollar in the week ahead after failing to break higher following the more dovish than expected FOMC meeting, says BTMU...
Winners and Losers This Week - Scotiabank Analysts at Scotiabank explained that constructive comments from Fed officials on the US economic outlook are helping underpin the USD...
USD/CAD: Risks are More Balanced - BTMU Analysts at Bank of Tokyo Mitsubishi noted that the Canadian dollar has staged a powerful reversal in recent months correcting acute weakness from earlier this year...
Global Outlook from EZ's View - BNP Analysts at BNP Paribas offered a snapshot look at various economies, with a mixed picture for the global outlook that keeps central banks in focus. Key Quotes: "From ‘risk off’ to ‘risk on'. Dovish Fed, for how long? Eurozone growth looking good...
Time to Reassess the Outlook for USD/CAD - BTMU Analysts at Bank of Tokyo explained that the Canadian dollar is little changed against the US dollar over the last four months having returned to within the 1.3000 to 1.3500 trading range which persisted during most of the second half of last year...
Many traders are already looking ahead to the holiday weekend, so it’s difficult to expect much volatility from the remainder of this week’s trade, but there’s one key technical formation to keep an eye on both tomorrow and heading into next week...
USD/CAD Prints Highs Near 1.3270 The offered tone keeps weighing on the Canadian dollar, now helping USD/CAD to regain daily highs near 1.3270...
The holiday shutters most markets today. Several Asian markets were open, and equities were narrowly mixed, with Japan and China posting small gains. Most of the other local markets, including Australia, Korea and Taiwan slipped...
China's yuan will come under renewed downward pressure if the U.S. dollar rises significantly in coming months, a policy adviser to the People's Bank of China said on Friday...
EUR/USD tops Deutsche Bank's technical scorecard in G10 space. "The currency pair is highly trending to the topside with VHF at 94th percentile...
A sharp rebound in the AUD recently is increasingly testing the resolve of the RBA in doing nothing on interest rates and hoping to ease monetary conditions through the currency...
Consumer price index falls for the first time since January According to the US Bureau of Labor Statistics, the month-over-month consumer price index (or CPI), which measures the average change in price of goods and services purchased by households over a given period of time, fell by 0...
GBP/USD continues to trade near long term support so trading focus is higher but realize that any rally could lead to a crash into early 20...Continue Reading...
FXCM and DailyFX are happy to announce our $10,000 Monthly Challenge winners for the month of February. Learn more about the contest here! Continue Reading...
Bid tone around USD strengthened following an upbeat US Q4 GDP report, pushing the GBP/USD pair lower near its daily lows. Strong figure, consumption revised higher The final Q4 GDP print has been revised higher to 1...
The common currency remained unchanged after the release of US GDP figures, with EUR/USD testing the 1.1160 region...
The greenback is posting marginal losses vs. its Canadian peer at the end of the week, with USD/CADmeandering around 1.3240. USD/CAD unchanged on US data Spot has barely reacted to the auspicious results from the US GDP figures, showing the economy has expanded 1...
