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Hawkish Bullard and Weak US Data Fail to Move Cable Hawkish comments from Bullard and weak US data may have pushed USD/JPY lower, but failed to trigger a major reaction in the GBP/USD pair, which continues to trade largely unaffected above 1.41 handle...
Market News
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Roberto Jacobs, 24 March 2016, 15:33
The US dollar has one more round of fight left in it. But its bull run has been tiring for a while now and, after a final bout of strength mid-year, the greenback will hit the mats versus a range of other currencies...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 15:33
USD/CAD Challenges Highs Near 1.33, Oil Plummets The greenback remains on a firmer footing vs. its Canadian neighbour on Thursday, now lifting USD/CAD to fresh peaks in the 1.3280/85 band...
Currency
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Roberto Jacobs, 24 March 2016, 15:31
Gold Recovers Losses, but Hawkish Fed Speak Caps Gains Gold managed to recovery losses, but is having a hard time turning positive on the day as Fed’s Bullard joined “rate hike could happen sooner” bandwagon. Hovers around $1220/Oz Prices recovered from the one-month low of $1212...
Metals
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Roberto Jacobs, 24 March 2016, 15:25 #gold
EUR/USD Muted Post-US PMI, Around 1.1160 Nothing new around EUR/USD following today’s Services PMI in the US economy, keeping the negative ground in the 1.1160/50 band so far. EUR/USD now looks to US Q4 GDP The pair kept the composure after flash US Services PMI has returned above the 50...
Currency
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Roberto Jacobs, 24 March 2016, 15:22
ECB Says Eurozone's Moderate Recovery Damped By External Developments Euro area economic recovery is set to continue at a moderate pace as global concerns such as the emerging market slowdown and a stronger euro weaken prospects for stronger expansion, the European Central Bank said in its latest...
Market News
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Roberto Jacobs, 24 March 2016, 15:18 #ECB
The 23rd of March marked a milestone in that we are now three months away from the EU referendum. The countdown has begun. The GBP has traded heavily in recent sessions, as the mild “risk-off” tone and heightened political uncertainty have weighed on the GBP to USD exchange rate in particular...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 15:18
U.S. Durable Goods Orders Fall Slightly Less Than Expected In February After reporting a significant rebound in new orders for U.S...
Market News
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Roberto Jacobs, 24 March 2016, 15:15
Singapore Finmin Sees Slower Growth; Unveils Industry Transformation Programme Singapore Finance Minister Heng Swee Keat said the economy faces strong headwinds from the weakness in the global economy but there is no reason to be overly pessimistic...
Market News
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Roberto Jacobs, 24 March 2016, 15:12
U.S. Weekly Jobless Claims Show Modest Increase First-time claims for U.S. unemployment benefits saw a modest increase in the week ended March 19th, according to a report released by the Labor Department on Thursday...
Market News
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Roberto Jacobs, 24 March 2016, 15:10
Dollar Slides After Durable Goods Orders, Jobless Claims Data The U.S. durable goods orders for February and jobless claims for the week ended March 19 have been released at 8:30 am ET Thursday. After these data, the greenback slipped against its key counterparts. The greenback was trading at 1...
Currency
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Roberto Jacobs, 24 March 2016, 15:07
Turkish Lira Slides To 8-day Low Against U.S. Dollar After Turkey Rate Cut The Turkish Lira lost ground against the U.S...
Currency
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Roberto Jacobs, 24 March 2016, 15:05
British Retail Sales Drop As Cold Weather Dampens Clothing Demand U.K. retail sales declined at a slower than expected pace in February after recording the fastest growth in more than two years, as poor weather delayed clothing purchases. Retail sales volume dropped 0...
Market News
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Roberto Jacobs, 24 March 2016, 15:03
Gold Drops Near $1220 Ahead Of Durable Goods Gold futures continued to turn lower Thursday morning as a stronger U.S. dollar hurt most commodities. Traders will be keeping an eye on a flurry of US economic data in hopes of clarity on whether the Federal Reserve will soon raise interest rates...
Metals
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Roberto Jacobs, 24 March 2016, 14:59
Taiwan Cuts Interest Rates For Third Time Taiwan's central bank lowered its benchmark interest rate for a third successive policy session, in a bid to support the sluggish economic recovery and boost subdued inflation expectations. Policymakers cut the benchmark discount rate by 12...
Market News
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Roberto Jacobs, 24 March 2016, 14:57
Crude Oil Tumbling After Huge Inventories Build Crude oil futures fell Thursday morning as the US dollar continued to strengthen versus major rivals. US crude inventories unexpectedly jumped yet again last week, defying speculation that the nation's supply glut may have eased. The U.S...
Crude Oil
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Roberto Jacobs, 24 March 2016, 14:56 #crude oil
Russian Ruble Slides To Weekly Low Against U.S. Dollar The Russian Ruble drifted lower against the U.S. dollar in European trading on Thursday, as oil prices declined on Fed rate hike fears and as official data showed large build in crude oil inventories last week...
Currency
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Roberto Jacobs, 24 March 2016, 14:53
Pullbacks in the pair remain buying opportunities, reiterated Strategist at Westpac Robert Rennie. “This week’s weaker than expected Japanese PMI adds to the sense that the industrial sector in Japan is doing it tough”...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 14:52 #usd/jpy
U.K. Retailers Expect Sales Volume To Improve: CBI British retailers expect retail sales volume to accelerate next month, the latest Distributive Trades Survey from the Confederation of British Industry showed Thursday...
Market News
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Roberto Jacobs, 24 March 2016, 14:50
Pound Off Lows Against Majors The pound trimmed its early losses against the other major currencies in Europe on Thursday. The pound recovered to 0.7899 against the euro and 1.3784 against the franc, from its early 15-month low of 0.7946 and a 2-month low of 1.3720, respectively...
Currency
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Roberto Jacobs, 24 March 2016, 14:47