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The AUD/USD continued to soar Thursday/Friday, reaching a nine-month high on the back of the U.S. Federal Reserve’s dovish comments about interest rates. To recap, the Fed held interest rates steady on Thursday in a widely expected move...
Analytics & Forecasts
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Francis Dogbe, 18 March 2016, 19:37
The past week has marked yet another setback for the policy divergence trade...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 19:37
USD/JPY may settle down and move along with real money flows ahead of the Easter holiday next week, says BTMU. "Japanese exporters JPY buying has been picking up gradually. Real flows may generate sizeable yen buying pressure, weighing further on USD/JPY ahead of the fiscal year-end," BTMU adds...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 19:25 #usd/jpy
Analysts noted the forthcoming Fed speakers next week. "Public remarks by District Presidents Lacker, Lockhart, Evans, Harker, Bullard and Williams. Lockhart’s remarks on Monday will be of particular interest to the markets given his position as a centrist on the Committee...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 18:28 #Fed
Analysts at Socgen explained that the biggest event was the FOMC meeting. "The market was expecting rates to be left on hold, but the tone of the statement and of the press conference to be more hawkish, setting the stage for a hike by June...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 18:26 #FOMC
Analysts at BNP Paribas explained that the FOMC decided to leave interest rates unchanged at its latest meeting. "The decision was not consensual as Esther L. George, a well-known hawk, would have preferred to hike rates. We always knew that meeting would end up with at least one dissent...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 17:26 #FOMC
Analysts at TD Securities noted the Chinese manufacturing coming up next week. "Chinese data has been thrown around (as usual) by the New Year holiday, so March data should bring about a cleaner read on the economy...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 17:11
GBP/JPY Recovers but Still Down for the Week The pound is recovering across the board for the second day in a row and versus the yen continues to move off 2-week lows that reached on Thursday. GBP/JPY climbed recently to 161.77, reaching the highest level since Tuesday...
Currency
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Roberto Jacobs, 18 March 2016, 17:10
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...
Crude Oil
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Roberto Jacobs, 18 March 2016, 17:07 #WTI
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...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 16:45 #usd/jpy
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...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 16:31
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...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 16:22
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...
Market News
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Roberto Jacobs, 18 March 2016, 16:21
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...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 16:20
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...
Market News
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Roberto Jacobs, 18 March 2016, 16:19
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...
Currency
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Roberto Jacobs, 18 March 2016, 16:16
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...
Currency
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Roberto Jacobs, 18 March 2016, 16:13
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...
Metals
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Roberto Jacobs, 18 March 2016, 16:09
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...
Currency
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Roberto Jacobs, 18 March 2016, 16:05
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...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 15:57