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ECB President Mario Draghi famously pledged to do “whatever it takes” to restore eurozone growth. His attempts to fulfill that promise have led to NIRP and other bizarre policies like the central bank’s massive asset purchases. Whether the ECB’s

A key support level in the GBP to EUR exchange rate managed to stem losses and gives this currency pair a shot at delivering gains in the coming week. British Pound to Euro exchange rate today: 1.1810, 48 hour best rate: 1.1874 Euro to Pound Sterling

Why bank profits matter for FX? There are two main reasons why bank profitability should matter for an FX investor. Firstly,  higher expected returns could cause banks to start to lend outside their own region, which would weaken the domestic

The Australian Dollar has more strength to give over the near-term but should decline in value through the course of 2017. Those looking for their currency to strengthen against the Australian Dollar may have to be patient. The latest projections for

Despite dismal economic data, traders are suddenly pricing in a considerably higher chance of a rate hike in September... Interestingly, the market is pricing in around a 40% chance of a hike. Jeff Guindlach noted last night that if rate-hike odds

London traded nearly twice as much currency than did its nearest rival New York shows the latest data on foreign exchange markets provided by the Bank for International Settlements . The daily average total turnover in foreign currency traded in

We underline our bullish calls for the EUR and CHF based on our assessment of the capability of European financial institutions exporting capital . The SNB's continued intervention adds to EUR support,explaining why downbeat EMU inflation data had a

WPAC warn to watch for a shortfall in the August nonfarm payroll headline data From Westpac's New York based G10 FX strategist Richard Franulovich: August is a tricky month for the statistician, peak summer holidays affecting the response rate The

Sentiment toward UK assets has improved, helped by a range of anecdotal and high frequency data that suggest the near-term hit to the UK economy may have been less than many feared. These have centred on retail spending, tourism and manufacturing

This week brings with it some front-line UK economic data releases - they could just be the ticket to unleashing a notable move in Pound Sterling that one analyst tells us is overdue.  Pound to Euro exchange rate today: 1.1746, 24 hour best

With the 23:00 BST deadline approaching, clubs have spent more than £1bn in a single transfer window for the first time, says Deloitte. The spending spree has been sparked by a new £5bn three-year television deal, which begins this season. Each club

Four 'high-conviction' trade ideas from Westpac Analysts at Westpac are looking for a pullback in the US dollar to establish long positions on four fronts. Here's what they say: Sell EUR/USD at 1.1335, stop 1.1440.  Softer IFO, EC surveys and

We underline our bullish calls for the EUR and CHF based on our assessment of the capability of European financial institutions exporting capital . The SNB’s continued intervention adds to EUR support,explaining why downbeat EMU inflation data had a

Sentiment toward UK assets has improved, helped by a range of anecdotal and high frequency data that suggest the near-term hit to the UK economy may have been less than many feared. These have centred on retail spending, tourism and manufacturing

While the trading world was focused on the latest news involving Deutsche Bank, namely that the troubled German bank had been contemplating a merger with Germany's other mega-bank , Commerzbank as part of a strategy to sell all or part of a key

UK foreign exchange activity fell 11% over the course of last 3 years, but London managed to keep the global foreign exchange leadership position, the report from the Bank of England in cooperation with the Bank for International Settlement showed

The EUR has been broadly range-bound for most of the last few months, mainly on the back of stable ECB monetary policy expectations. Limited room of further rising central bank easing expectations seems to have reduced the single currency’s funding

Sterling still looks vulnerable to veering lower, says Goldman Sachs, adding that it would be prudent not to get cozy with the idea that the British economy has escaped unscathed from the Brexit vote. The British currency is trading around $1.33

Goldman takes the other side Goldman Sachs had forecast payrolls growth of 165K but despite a worse number at 151K, economists there have raised their odds of a hike. They now see a 55% chance of a Sept 21 hike compared to 40%. They see the chance of

We maintain our bullish EUR view.  A higher Fed rate would likely support the USD vs. currencies sensitive to front-end rate differentials. Generally, low-yielding currencies fall into this category, but even here differentiation is required