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If another recession hits, does the Federal Reserve have any tools left to bring the economy back to growth and stability? Or has it run out of ammunition...
Consumer spending rose a mild 0.1% in February, as Americans held the line on big-ticket items such as new cars and pocketed a little more money. Already low inflation also fell slightly last month amid another drop in gasoline prices, the government reported Monday...
Dollar Attempting A Comeback From Early Weakness The dollar dropped against its major European competitors Monday morning, but has begun to pare those losses this afternoon. Markets in Europe are closed today for the Easter holiday and U.S. economic data was largely positive this morning...
FXWIREPRO: GBP/USD Strongly Bearish Despite Upside Attempts GBP/USD rebounded strongly towards 1.4280 levels earlier in mid European session. However, the pair turned back after failing to break resistance level 1.4286, as the pound ran out of strength against US dollar...
FXWIREPRO: USD/JPY Pauses Decline, Scope for Further Upside USD/JPY has paused its declined as positive pending home sales data released earlier in the US session limited the pairs downside. Further downside is expected to be limited as the pair finds strong support at 113...
FXWIREPRO: Gold Retreats from Daily High, Outlook Bearish Gold has retreated after finding resistance at 1223 levels to trade around 1218 levels, erasing some earlier gains made in the US session...
Yen Down on Two Main Counts - Scotiabank Analysts at Scotiabank ranked the Yen as an under performer. Key Quotes: "The JPY is the main under-performer on the day on better risk appetite (US equity futures) and PM Abe’s suggestion that his “three arrows” policy has corrected the strong JPY...
EUR/USD Trims Gains, Hovering Around 1.1200 EUR/USD moved off session highs during the last hours, as the US dollar recovered part of the lost ground across the board. Greenback dropped sharply earlier after US personal income and spending report...
US Oil Exports in Decline - BBH Analysts at Brown Brothers Harriman recall that the US lifted its ban on oil exports in December, but explained it appears, however, that US oil exports have fallen rather than risen here at the start of 2016...
GBP/USD Has Limited Upside Scope GBP/USD has no clear catalyst driving the price higher, except that there has been technical space to do so following last week's sharp sell off from the 1...
USD/JPY Hunting Down Feb Highs on 115.0 Handle USD/JPY bulls have fought back in a strong rally, away from the March 17 multi-year low. We are now in positive territory, trading in the upper end of its range from mid-February...
We’re heading into the close of the month / quarter this week and while we’ll want to stay nimble, the focus remains on the AUDUSD, USDCAD & GBPJPY setups highlighting last week. Keep in mind event risk is light ahead of Friday’s highly anticipated Non-Farm Payroll report...
Small traders hold their largest Australian dollar net long position since the April 2013 top at 1.1080. A multi-year high in net-long posi...Continue Reading...
The U.S. Dollar is at risk for further losses after reversing off near-term confluence resistance. Here are the updated targets & invalidation levels that matter. Continue Reading...
The Euro looks vulnerable to deeper losses after edging below trend line support guiding the upswing against the US Dollar since early March. Prices now look poised to probe below the 1.11 figure after producing a would-be double top near the 1.13 mark. Near-term support is at 1.1094, the 23...
It is a short week - at least for the world’s financial markets, if not for the rest of us. But the Easter break often sets the tone for global economic trends later in the year. After a disappointing opening to the year, the past five weeks have seen reasonable recovery in spirits...
Oil enthusiasts haven’t been jumping on board the latest rally. As crude has soared 50 percent since Feb. 11, the number of bets on increased prices has barely budged. Instead, the upward pressure on prices appears to have come from traders cashing out of bearish wagers at an unprecedented pace...
Individual markets are very specific in their behavior, so it is surprising how traders generalized one behavior for different markets. It is not only about biases like trending or ranging markets, but also impact of news on price and market...
USDCHF is currently approaching the resistance level 0.9800 which was set as the buy target in our previous forecast for this currency pair. If the price breaks above the resistance level 0.9800 - USDCHF can then rise to the next buy target 0.9900 (Chernovolov, FxBazooka...
