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It appears that Goldilocks and the USD bears are playing for the same team at present. The global recovery seems to be strong enough to fuel demand for carry while, at the same time, the US economy is not doing well enough to justify another Fed

Currency investors should consider selling USD against a basket of ZAR, TRY, and BRL , advises Barclays Capital in its weekly FX pick to clients. " We recommend shorting the USD against a basket of ZAR, TRY and BRL (spot ref: 13.5460, 2.959 and 3.173

The USD/JPY can overreact to even the slightest news amid the thin trading of the summer holiday season while it has recently wavered within a narrow ¥101-102 range. As a rebound of the USD/JPY to ¥107 in the last month absorbed huge amount of

UK data releases finally begin to shift into the post-referendum period in the week ahead with the release of July CPI and retail sales . Our economists expect CPI to have remained at 0.5% y/y and we expect retail sales to fall by 0.7% following on

The GBP to USD conversion has fallen below the key 1.30 level and now looks poised for deeper declines according to analysts. The GBP/USD is trading below the key 1.29 marker at the time of writing at 1.2895. The move lower fulfils the next stage in

U.S. derivatives regulators said on Tuesday they have barred billionaire SAC Capital Advisors founder Steven A. Cohen from registering and managing commodity hedge funds. The Commodity Futures Trading Commission's decision comes after the Securities

The most recent Elliott Wave count for EUR/USD indicated that the pair was in the final stages of a recovery that started after the strong decline resulting from the EU referendum. EUR/USD made a final push higher in what is viewed wave c of wave (c)

The burden of responsibility is on negative events to prove otherwise, or risk appetite related variables are apt to continue to ‘bleed up’. Most participants cite Yellen’s Jackson Hole speech as the next potential hurdle for risk bulls, given latent

Growth.  US growth surprised on the downside in Q2 but recent labour market data has surprised on the upside. Private consumption should be supported in coming months despite the weak July retail sales. European data have been stronger than we

Highlights from the FOMC Minutes Officials split on whether rate hike needed soon Voters agreed to wait for more data to gauge economy Officials saw low inflation risk from continued job gains Divided on whether job-gain pace worrisome Several

In the minutes from July’s Federal Reserve Open Market Committee (FOMC) meeting, the main message was one of a divided committee. Fed officials were split on whether there would need to be a rate increase soon with a majority suggesting that further

The last couple of weeks saw easing from the BoE, the RBA and the BoJ, and the Fed meanwhile presented a slightly upgraded economic outlook in its July statement. With the notable exception of GBP, the central bank’s actions did not have the desired

Traditional trader training goes something like this: learn a setup play the setup everywhere you see it make sure your returns are at least twice your risk There are countless outlets that attempt to "educate" aspiring traders, showing them "how

Monetary Policy Ease Almost Everywhere The central banks remain in control of the markets as since 2008 it has been up to them to patch the global economy back together again. Unfortunately, as we learned back in the Great Depression, monetary

Pound Sterling was the worst performing currency in the G10 sphere for the week ending 6th of August, and analysts say further declines from here are to be expected. The British Pound to Euro exchange rate today: 1 GBP = 1.1792 EUR The Euro to Pound

The schadenfreude of Bitcoin enthusiasts over Ethereum’s recent troubles ended abruptly last week. A major Bitcoin exchange, Bitfinex, was hacked and nearly 120,000 BTC (around $60m) was stolen. The price of Bitcoin promptly crashed, and Bitfinex was

The argument for the Federal Reserve to raise interest rates in September just got stronger with another bumper U.S. employment report. But that’s probably not going to be enough to persuade the central bank to drop its strategy of wait-and-see. “The

The BOE laid down its massive hand and walloped the pound. Is there room for more falls? Here are opinions from Citi and BNP Paribas: GBP/USD En-Route To Break Below 1.30 After BoE Clears High Bar – BNPP The Bank of England Monetary Policy

Italian daily la Repubblica reported over the weekend that Italy's highest court will approve a national referendum on major constitutional reform Court will a press conference on Monday said the paper The government will set a date

Gold has multiple resistance zones at the 1380-1400 level. It’s going to take some work to break through these. Gold will need some help from the dollar , which it will eventually get as the dollar will be due for its intermediate cycle low by the