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The base case scenario remains for EURUSD to eventually continue its long-term trend.  As has been discussed in the past, the currency has formed a triangle like consolidation since the Mar. ’15 low. This is now getting closer to looking like a

China Banking Regulatory Commission said it will ban banks from trading treasury futures due to high leverage implying high risk involved. Beijing - The China Banking Regulatory Commission (CBRC) said it will not allow Chinese banks to trade

The EUR/USD retains a bullish bias despite having suffered a soft patch at the start of the week beginning 22nd August. The Euro remains in the driving seat against the US Dollar having broken through 1.13 at the time of writing. The EUR/USD has

Market attention will be squarely focused on US Fed Chair Yellen’s speech at the Federal Reserve Bank of Kansas City’s annual Economic Policy Symposium in Jackson Hole.  We believe she may use the opportunity to signal the FOMC’s growing

The UK saw no news and a further short-covering rally for GBP/USD, which has continued overnight. The market expects an improvement in the August CBI industrial trends survey, but that won’t have much impact.  We’re getting back into very

Gotta admit, I skimmed most of this. I'm sure some will find it interesting but I didn't. No reflection on the writer, more on me Anyway... from the Aussie press (may be gated); Nine persistent myths that befuddle our thinking about China So, jumping

Here is Bank of America / Merrill Lynch with a preview of the Jackson Hole Symposium The focus will be on the future On August 25-27, many key economists and policymakers will be gathering in a serene mountainside resort in Jackson Hole, Wyoming, for

USD levels keeping us bearish:  We continue to expect further 4% weakness in USD on the Fed's broad trade-weighted measure. The DXY has failed to break back into a trend channel formed since June, with the lower end around 94.80. Staying below

Reuters reporting 24 Aug 2016 NSS, as my esteemed colleague Mr Littlestone would say. has written to Greek govt asking it to refute suggestions statistical data was manipulated in 2010-15 EU Commissioner Thyssen says the row "could become dangerous"

Bundesbank executive board member Dombret interviewed by Reuters 24 Aug banks are right to consider imposing account fees, charge on deposits unlikely to become widespread

Polished Diamond Prices Under Pressure Amid Weak Summer Season Global economic uncertainty is hitting the diamond market, with prices remaining under pressure amid indications demand for the luxury good is decreasing. In their latest monthly diamond

The July FOMC minutes highlighted the Committee’s reluctance to jump to any conclusions when faced with slowing payrolls and faint signs of economic strength. There was a bit of everything for everyone peppered throughout the July minutes with the

In the US, the July FOMC minutes disappointed those looking for a more explicit hawkish signal  after Tuesday’s comments from NY Fed President Dudley. The minutes contained the usual diverging views between the doves and the hawks on the

USDJPY again traded through 100 this morning as our STEER model signals the break can be sustained with  fair value at 98.40. Relative 10-year yields are currently the key driver of the pair.  Weekly MoF portfolio flow data this

EUR/USD – NEUTRAL BIAS – (1.1150-1.1450) The US dollar remains under downward pressure in the near-term driven primarily by the market’s dovish outlook for Fed policy. Even Fed Vice Chair Dudley’s warning that the market is too complacent over the

USD/JPY has been trading through the graphical support of 100. Short term indicators have been posting positive divergence however a meaningful recovery has so far remained elusive.  Short term, a retest of recent lows at 98.90/98.20,  also

There will be a strong focus on Janet Yellen’s speech at Jackson Hole on 26 August and the next US non-farm payrolls release set for 2 September. We expect markets to reprice Fed rate hike expectations and the USD to rally. ...The US Federal Reserve

Key UK data this week covering the month following the referendum have all surprised on the upside, with July CPI, jobless claims, and retail sales all coming in better than expected. With the exception of CPI, which we expect to continue to climb

Deutsche Bank on USD/JPY The USD/JPY has been repeatedly seeking a bottom value at under 100. Japanese export firms are gradually increasing USD selling as hedges for OctDec following completion of the "obon" summer holidays. These firms will lower

Disappointed CFTC to pursue violation claim vs the company The CFTC yesterday announced that they were charging FXCM with undercapitalizaion and guaranteeing loss protection and failing to timely report its undercapitalization stemming from the SNB