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This month’s jobs report was always going to be a tough one to predict – are they ever easy? But on this occasion it was extremely difficult because the nonfarm payrolls data was released before two of the most reliable leading indicators, the ISM Services and Manufacturing PMIs...
Analytics & Forecasts
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Francis Dogbe, 3 April 2016, 07:33
If you made investments in exchange-traded funds focused on gold and bet against those pegged to biotechnology, you would have made a pretty penny in the first quarter of 2016...
Analytics & Forecasts
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Francis Dogbe, 3 April 2016, 07:30 #gold
This week saw some interesting developments across the markets. Near term confirmation targets are approaching and the coming week could bring some explosive action for certain markets. So let’s try and get in position for those moves...
Wave Count
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Francis Dogbe, 3 April 2016, 07:19 #gold
In the years following the Great Recession - the global downturn emanating from the US subprime mortgage collapse in 2007 - competing narratives trying to explain the crisis have emerged from professional and layman circles alike...
Analytics & Forecasts
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Vasilii Apostolidi, 2 April 2016, 23:12
With second-tier data on tap for the week ahead, the British Pound may continue to consolidate ahead of the next Bank of England (BoE) interest-rate decision on April 14, but fresh rhetoric from Fed officials may generate a near-term rebound in GBP/USD as Chair Janet Yellen endorses a more dovish...
Analytics & Forecasts
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Francis Dogbe, 2 April 2016, 23:11 #Fed
Friday’s jobs numbers, the closely watched data that can provide a deeper look into the economy, were mostly good, and while the markets took some time to digest them, they initially reacted well. Will that happen again this week? Markets also cheered a better-than-expected jump in activity at U...
Forecasts
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Francis Dogbe, 2 April 2016, 23:06
Gold prices traded higher this week, with the precious metal advancing 0.58% to trade at 1256 ahead of the New York close on Friday. Despite broader strength in the U.S. equity market, gold maintained its luster as Fed Chair Janet Yellen & Co...
Analytics & Forecasts
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Vasilii Apostolidi, 2 April 2016, 22:59
This range represents a fall of ~12.5% on the pair, and a lot of the move can be contributed to the support provided by the Bank of Canada as well as Canadian economic data like inflation...
Analytics & Forecasts
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Vasilii Apostolidi, 2 April 2016, 22:57
The onshore Yuan rate (CNY) advanced 0.89% this week against the US Dollar, the largest weekly gain since April 2015. The offshore Yuan (CNH) closed higher on Friday as well...
Analytics & Forecasts
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Vasilii Apostolidi, 2 April 2016, 22:55
Monetary policy considerations are front and center for the Australian Dollar in the week ahead, with key event risk on tap on the domestic and the external fronts. First, the RBA will deliver its monthly policy announcement...
Analytics & Forecasts
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Vasilii Apostolidi, 2 April 2016, 22:53
The Japanese Yen finished the week higher versus the fast-falling US Dollar, but key disappointments in domestic economic data and Nikkei 225 losses kept the JPY lower against other major FX counterparts...
Analytics & Forecasts
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Vasilii Apostolidi, 2 April 2016, 22:51
The US Dollar has struggled for trend recently; and given the fundamental and market conditions backdrop, that is unlikely to improve in the coming week...
Analytics & Forecasts
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Vasilii Apostolidi, 2 April 2016, 22:48
With second-tier data on tap for the week ahead, the British Pound may continue to consolidate ahead of the next Bank of England (BoE) interest-rate decision on April 14, but fresh rhetoric from Fed officials may generate a near-term rebound in GBP/USD as Chair Janet Yellen endorses a more dovish...
Analytics & Forecasts
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Vasilii Apostolidi, 2 April 2016, 22:46 #GBP/USD
The RBNZ’s strong easing bias, dissatisfaction with the level of the NZD, weaker inflation and more challenging outlook all make it a significantly more likely candidate to ease policy rates again than the RBA...
Analytics & Forecasts
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Vasilii Apostolidi, 2 April 2016, 20:39 #AUD/NZD, forex
First, a few words about the forecast for the previous week: ■ if we talk about the forecast for EUR/USD, right were those 55% of the experts, who insisted on the growth of the pair and its move into the zone 1.1340 ÷ 1.1470...
Analytics & Forecasts
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Sergey Ershov, 2 April 2016, 17:59 #usd/jpy, GBP/USD, EUR/USD
A slowly improving economy is pulling discouraged Americans into the workforce, although some are having to settle for part-time jobs for now. That’s the message from the March employment report issued by the Labor Department Friday in Washington...
Analytics & Forecasts
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Francis Dogbe, 2 April 2016, 17:50 #Fed
The Federal Reserve has not fallen behind the curve, according to Loretta Mester, President and CEO of the Federal Reserve Bank of Cleveland. Mester spoke to the New York Association for Business Economics on Friday, and highlighted her outlook for the economy...
Analytics & Forecasts
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Francis Dogbe, 2 April 2016, 17:04 #Fed
America's central bank has two goals: get the country to full employment and keep the costs of goods stable. The Federal Reserve can put a fat check mark next to those goals. So why is the central bank so hesitant to raise interest rates from almost near zero? The U.S...
Market News
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Francis Dogbe, 2 April 2016, 17:02 #Fed
GBP/CAD has been in a medium-term down-trend ever since breaking below the 1.97 level in February. More recently it has been trading along an historic level of support and resistance at 1.8500, where it has made repeated but failed attempts to break lower...
Analytics & Forecasts
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Vasilii Apostolidi, 2 April 2016, 15:45
The pound to euro exchange rate (GBP/EUR) has reached new lows of 1.2544 (at time of writing), breaking below the previous 1.2579, 15-month, bottom established on March 24...
Analytics & Forecasts
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Vasilii Apostolidi, 2 April 2016, 15:43