Khurram Mustafa / Blog
James Knightley, analyst at ING Bank noted that the firm US data yesterday and supportive comments from Janet Yellen suggest the chances of a December Fed rate hike are rising. Key Quotes: "The October reading of the ISM non-manufacturing report looks very strong...
Strategist Emile Cardon at Rabobank believes the SNB could wait until the franc comes under significant pressure to announce additional measures (if any at all...
From an hourly perspective, the GBP/USD has reached its lowest momentum reading of the last 20 days of trading. Moreover, the recent plummeting GBP/USD price action has been highlighted by an above-average reading in the MACD histogram...
Economists from Wells Fargo pointed out that inflation expectations continue to ease further but mentioned that low inflation is not necessarily a reason to put the Fed’s first rate hike off even further, warning also that still remains a strong argument to move slowly in the case of a liftoff...
After another rejection from the 1.0900 handle, EUR/USD has now returned to the 1.0870/65 band. EUR/USD capped by 1.0900 The pair’s downside seems to have found some support around 1.0830, although the broader bearish picture remains unaltered so far...
USD/CAD edged slightly higher but overall remained well within its daily range as the loonie weakened following the release of below expectations Canadian manufacturing data. The Ivey Purchasing Manager PMI fell to 53.1 seasonally adjusted in October, from 53.7 the previous month and below the 54...
The perspective for the Mexican currency remains neutral, suggested BofA Merrill Lynch Global Research. Key Quotes “We stay neutral on the Mexican peso”. “The secular strengthening trend of the US dollar will continue, in our view”...
The Canadian dollar is trimming part of its initial losses vs. the euro, taking EUR/CAD to test the key support at 1.43 the figure. EUR/CAD lower on data The cross has retreated from the area of daily tops near 1.4350 after Canadian Ivey’s PMI has ticked lower to a seasonally adjusted 53...
The outlook on the Aussie dollar in the near term remains tilted to the neutral side, according to Strategist Sean Callow at Westpac...
The sterling is now accelerating its daily decline vs. the greenback, relegating GBP/USD to trade in 3-week lows near 1.5230. GBP/USD much weaker post-Carney, BoE The pound has been hammered as the BoE has removed any hopes of an early rate hike at today’s meeting...