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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

The big event for the Euro exchange rate complex in the week ahead is the ECB meeting, which could well leave the shared currency stronger. Pound to Euro exchange rate today (Weekend, market closed): 1.1921 Euro to Pound Sterling exchange rate today

Sometimes risking a little more, works out for you too In the US, the college football season is getting underway on Saturday . Yippee.   A comment from an Attacking Currency Trend trader reminded me of conversations I have had with my son, a

In May 1984, Warren Buffett laid out everything you need to know about his investing philosophy. In a speech at Columbia Business School, later adapted into an essay, Buffett introduced what he called, "The Superinvestors of Graham-and-Doddsville."

The Euro looks well protected against major declines against the US Dollar having fallen back to a significant support zone. The EUR/USD pair had been falling after investors started gaining renewed confidence in the dollar, following some positive

The NFP report missed expectations  and we think the bar for a hike on September 21st was much higher than economists’ predictions anyway. Nevertheless, here are two opinions that still see a rate hike coming while another one circles

Success for a trader is just momentary-a profit target hit or a winning month, before the next good trade must be found. But failure is the trader's constant companion; moments of success are often intertwined with years of failure and hard knocks

We break down the USD response function to Fed tightening into two components.  The first is the expected total number of hikes in the coming years, approximated by the slope of the short-end of the US yield curve. The second is the expected

Bitcoin: BTC/USD Tumbles, Dollar Regains Momentum after Federal Reserve Summit The value of bitcoin declined sharply Saturday, as markets recoiled after hawkish comments by top Federal Reserve officials fueled fresh rate-hike worries. The BTC/USD

With the impact of Brexit on the Eurozone seemingly minimal at the moment, there seems less and less chance the ECB will start to reflate the economy in September, at least according to Credit Agricole’s stable of analysts. Whilst the UK economy’s

 The world's central banks are still net buyers of gold, but they may be slowing down those purchases. Central banks bought an estimated 166 tonnes of gold and sold 22 tonnes in the first half of 2016, according to Macquarie analysts, making a

Federal Reserve policymakers are signaling they could raise U.S. interest rates soon but they are already weighing new tools they may need to fight the next recession. A solid U.S. labor market "has strengthened" the case for the first rate increase

We have updated the heat maps from our FX Flow Monitor and include the summary table below. The most notable observation from the latest heat map is that the portfolio flow backdrop for the USD deteriorated significantly in the three months to

The man who accurately predicted four market crashes to the exact date has been proved correct on his fifth prediction. Sandy Jadeja is a technical analyst and chief market strategist at Core Spreads. Technical analysts look at charts to pinpoint

Currency investors should consider buying NZD/USD this week , advises Credit Suisse in its weekly FX pick to clients. " We think higher-yielding currencies in G10 can tactically strengthen against the USD. NZD provides the cleanest near-term pairing

It is no secret that one of the most admirable qualities of the German public - in addition to its striking propensity for thrift in the aftermath of Weimar - is its stoic patience and pragmatism when dealing with adversity. However, over the past

As for markets, month-end looms and with Friday’s non-farm payrolls following on hard behind, we may see a reflective mood rather than dramatic action. But it’s the tiny Treasury range that catches the eye and suggests volatility will be kept firmly

GBP correlations with nominal rate differentials dominate the top 10 positive correlations in the past month, while GBP reactions to risk sentiment appear to be waning.  With the BoE’s policy rate at 25bps, another cut to the policy rate in