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WTI Off Highs, Still Above $40.00 Crude oil prices are extending the rally today, posting fresh multi-month peaks above the $41.00 mark, albeit deflating a tad afterwards. WTI in fresh 2016 highs The barrel of West Texas Intermediate has managed to advance beyond the $41...
Good things may come in threes but the Bank of Japan was not nearly as dovish this month as the Fed and ECB. Yen strategist Taisuke Tanaka argued that eventual BoJ easing will come between April and July following replacement of two policy board members with QQE proponents...
Stock markets in the US appear on track to score fifth straight week of gains as prospects of a more gradual rate rise is keeping sentiment in favor of risk assets. At the time of writing, Dow Jones Industrial Average (DJIA) was up 106 points or 0.61...
AUD/USD is currently consolidating the bid for the week, scoring a fresh low at 0.7608 on the fade for the highs of 0.7680. AUD/USD has been a strong performer this week, 4th to the pound, Kiwi and NOK, in the face of dollar weakness and a surge in commodity prices...
Belgium Consumer Confidence At 5-month Low Belgium's consumer confidence deteriorated for a third straight month to its lowest level in five months, survey data from the National Bank of Belgium showed Friday. The consumer confidence index dropped to -7 from -5 in February...
James Knightley, analyst at ING Bank explained that US University of Michigan confidence fell in March to 90.0 from 91.7 in February versus expectations of a rise to 92.2...
U.S. Consumer Sentiment Unexpectedly Drops To Five-Month Low In March Consumer sentiment in the U.S. has unexpectedly fallen to a five-month low in the month of March, the University of Michigan revealed in a report on Friday...
Dollar Slides Versus Most Majors Ahead Of Consumer Sentiment Index The University of Michigan is scheduled to release its preliminary consumer sentiment index for March at 10 am ET Friday. Economists expect the index to rise to 92.2 from 91...
Canadian Dollar Extends Rally After Strong Retail Sales Data The Canadian dollar extended its early advance against the other major currencies in European deals on Friday, as Canadian retail sales accelerated at a faster pace in January...
Gold Recovers from 5-DMA Support Gold found support at 5-DMA level of $1247.87, but remains weak on the day around $1252.45 levels amid minor recovery in the USD index and moderate gains in the US stocks. Is Gold unimpressed by dovish Fed...
USD/JPY Extends Gains Ahead of Fed Speak The US dollar stays on a front foot against Japanese Yen, pushing USD/JPY higher to 11.60 levels ahead of speeches from Fed’s Rosengren and Dudley...
Analysts at Rabobank explained that Thursday was a busy day for central banks. As expected the Bank of England left policy on hold yesterday in an unanimous decision...
Three months since the U.S. lifted a 40-year ban on oil exports, American crude is flowing to virtually every corner of the market and reshaping the world’s energy map. Overseas sales, which started on Dec. 31 with a small cargo aboard the Theo T tanker, have been picking up speed...
EUR/USD Attempts a Tepid Bounce to 1.1300 The single currency is trimming earlier losses vs. the dollar, now pushing EUR/USD back to the area of 1.1290/1.1300 ahead of US data...
That was the week that was It has now been a week since the ECB delivered its latest package of measures and so far, the initial market reaction appears to have been positive...
GBP/USD Attempting Break Above 1.45 GBP/USD turned positive and is now attempting to break above 1.45 handle after BOE’s quarterly bulletin informed markets about UK economy’s resilience to China slowdown...
EUR/NZD Analysis for March 18th, 2016 Overview: Recently, EUR/NZD has been moving downwards. The price tested the level of 1.6590. In the H4 time frame, I found support level at the price of 1.6500, which is successfully held...
While reading into the cross-market impact on the dollar from equity and rate markets has been somewhat challenging lately, we believe most scenarios will leave the USD on the defensive...
The dovish outcome of the March Fed meeting dealt a blow to the FX divergence trade and it has sent the USD tumbling of late. We doubt that this is the end of the multi-year USD bull-run, however, and see the current levels as an opportunity to establish fresh USD-longs...
