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Khurram Mustafa
Published post EURUSD
Valeria Bednarik>, chief analyst at FXStreet noted a positive back drop in the ADP report ahead of Nonfarm Payrolls and gives a forecasting analyses of EUR/USD...
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Khurram Mustafa
The dollar strengthened against most competitors and dragged EUR/USD to fresh 3-month lows following a series of supportive US economic data and latest comments from Fed Chair Janet Yellen...
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Khurram Mustafa
Published post FED Yellen
Fed Chair Janet Yellen said the US economy is performing well although she acknowledged some slowdown in employment. Regarding monetary policy, Yellen said FOMC thought it could be appropriate to move in December but that no decision was made...
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Khurram Mustafa
USD/JPY has remained firm as global equities continue to advance and moves through October highs of 121.47 with bulls eager for a break-out to test the 100 DMA at 121.76 and the golden ratio 61.8% level of the August highs of 125.27...
104
Khurram Mustafa
Published post WTI
Crude oil prices are trading in the negative ground on Wednesday, currently hovering over the $47.00 area per barrel. WTI weaker on supply concerns Prices for the West Texas Intermediate are surrendering part of yesterday’s strong gains, testing the key support at $47...
108
Khurram Mustafa
EUR/USD came under renewed pressure and broke to fresh lows over the last minutes, with no clear catalyst for the move other than USD buying interest...
125
Khurram Mustafa
Published post BOE Could rate hike
Strategists at Rabobank see the Bank of England hiking rates during the early months of 2017. Key Quotes “The money market is not fully priced for a BoE rate hike until early 2017”...
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Khurram Mustafa
Published post ASIA
Analysts at RBS noted the key highlights in data events from the Asian shift as a recap. Key Quotes: "Chinese Caixin services PMI grew to 52 in October from 50.5 in September. While composite PMI grew to 49.9 in October from 48 in September." "Australian Retail Sales fell 0...
136
Khurram Mustafa
Published post GOLD
Gold prices hit fresh session lows, but quickly recovered pointing to relative resilience in the hard currency despite the strong US ISM non-manufacturing data...
91
Khurram Mustafa
Published post US Index
The greenback, gauged by the US Dollar Index, is trading on a firmer footing today, advancing to the vicinity of the 98.00 handle...
152
Khurram Mustafa
Published post BOE
James Knightley, analyst at ING noted the forthcoming BoE and inflation report and has forecasted lift off from the BoE in Q2 2016 with risks of Q1 also...
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Khurram Mustafa
AUD/USD made another attempt to consolidate above the 0.7200 level but was rejected from the 21-day SMA and fell all the way back to 0.7150, giving up most of its post RBA gains. The RBA refrain from cutting rates on Tuesday, giving the Aussie a boost across the board...
102
Khurram Mustafa
Published post Usd ISM non manufacturing
The Institute of Supply Management’s (ISM) non-manufacturing/services PMI index jumped to 59.1 in October from September’s 56.9. The actual print beats the estimated drop to 56.5 by a wide margin. The ISM’s measure of services employment advanced to 59.2, the second-highest since August 2005...
161
Khurram Mustafa
Published post USD ISM non manufacturing
The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector...
79
Khurram Mustafa
Gold prices weakened to near Tuesday’s low after the data in the US showed the private sector jobs growth slowed less than expected in October. Off lows, but weak The metal hit a low of USD 114.70, before trimming losses to trade around USD 1116.50/Oz levels...
112
Khurram Mustafa
Published post FED'S TIGHTINING
It is well known that the economic recovery in the U.S. has been consistently weak leading the Fed to repeatedly push back the timeframe for raising rates. The U.S...
136
Khurram Mustafa
Published post baml
In the view of BofA Merrill Lynch Global Research, the bearish tone is set to remain around the Brazilian currency. Key Quotes “Disappointing growth will likely lead to an easier Brazilian Central Bank and the market is now pricing in 185bp of hikes by the end of 2016”...
82
Khurram Mustafa
The EUR/GBP pair hit a fresh session low of 0.7070 as the British Pound remained relatively resilient to the broad based USD rally...
100
Khurram Mustafa
The shared currency is now falling further, dragging EUR/USD to test fresh 3-month lows in the 1.0880 area. EUR/USD around 1.0880 ahead of US data The pair has rapidly intensified its weekly decline, losing more than six big-figures since October tops in the 1.1500 neighbourhood...
90
Khurram Mustafa
Published post USDJPY & SNB
Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that USD/JPY risk is centered on the outlook for relative policy as market participants consider the prospect of a normalizing Fed in contrast to an accommodative BoJ...
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