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Currency investors should consider selling EUR/JPY this week, advises Credit Suisse in its weekly FX pick to clients. Rationale: Our economists expect several pieces of weak European data this week. We expect the market will also come to realize

Will the U.S. dollar ever stop falling? The answer is -- of course -- that it will. But the real question to ask is when. Since the beginning of the month not one day has passed without a sell-off in USD/JPY. We are 9 trading days into the second

Morgan Stanley believes the FX market has reached a level of ‘worry’ that could mark a near-term turning point. "Given the pace of the risk selloff over recent weeks, market participants who were feeling mark-to-market pain were asking almost daily

In response to the tightening of financial conditions we have observed over the past month , BNP Paribas economists have made significant changes to their Fed forecasts and now no longer expect the Fed to hike rates in 2016 or 2017. "Essentially, we

USD weakness is predominant in US hours. The USD has weakened primarily in New York hours with some slight weakness in London hours as well. This suggests the investors have reduced expectations about Fed’s ability to hike in the light of perceived

Gold prices peaked at $1,900 per ounce in September 2011. It was the end of a spectacular, decade-long bull market, during which the precious metal’s value increased a phenomenal 645 percent. Since then, gold has struggled to regain momentum as an

Important sectors of the U.S. economy will continue to withstand the global slowdown, New York Federal Reserve President William Dudley said Friday. Wall Street has been jittery this year amid fears that problems in Asia and Europe are washing

Gold is the purest charting market of all. The Gold market always rings a bell at major turning points. Gold has been in a bear trend since the 2011. Well, guess what... The advance this past week blew through the upper boundary of the 25-month wedge

Panic rather than love may keep Britain in the European Union when voters cast their ballots in a referendum, probably in June, on whether to stay in the 28-nation bloc under Prime Minister David Cameron's "new settlement". While few may be swayed by

By Boris Schlossberg At the beginning of last week, Bloomberg ran a long story mourning the demise of the bank FX trader. "Take the pay cut, " warned one veteran darkly. "Oh, and don't wait for the phone to ring." The computers have taken over. The

The ECB president testifies to European Parliament lawmakers at 14.00 GMT Draghi speaks before the European Parliament's Committee on Economic and Monetary Affairs and answers questions from its Members. Are we likely to hear anything off-script from

Under the current volatile environment we see EUR/USD mostly contained within a 1.11-1.15 range, rallying during risk off periods and selling when the world feels like a better place. For now and barring a tail risk scenario, we see moved outside

Goldman Sachs is talking up both sides of oil and gold trades Analysts from Goldman Sachs are on Reuters saying that oil prices don't have much further to materially fall. That's odd because at the start of the month they said prices are likely to

Over the past decade or so central banks around the world have made some unprecedented moves. The Federal Reserve kept US interest rates at 0% for seven years. The Fed, the European Central Bank (ECB), and the Bank of Japan (BoJ) all launched massive

Currency investors should consider selling EUR/SEK this week, advises Deutsche Bank in its weekly FX pick to clients. "These are relatively good levels to reenter EUR/SEK shorts, Thursday’s Riksbank meeting notwithstanding. Even if the Riksbank were

Bloomberg reports on a 14-minute burst of huge volatility in the Russian ruble prompted by a computer virus infection Moved the rate 15% in about 14 minutes Used a malware virus to infect a Russian regional bank (Energobank) Swung USD/RUB between 55

Markets have started out this week by aggressively de-risking, apparently owing to fears that the recent slowdown in global growth could descend into recession. Over the past five trading days, the S&P 500 is down over 4.5%, while 10-year Treasury

As a trader, it’s difficult to predict the impact of a major trading hub being closed. More often than not, it leads to slow, lackluster trading conditions as traders focus on enjoying their time off; however, because there is less volume in the

On Wednesday and Thursday, Federal Reserve Chair Yellen will deliver her semiannual report on monetary policy in testimony before the House Financial Services Committee and the Senate Banking Committee. (We expect her written testimony to be released

Goldman Sachs to clients: whoops. Just six weeks into 2016, the New York-based bank has abandoned five of six recommended top trades for the year. The dollar versus a basket of euro and yen; yields on Italian bonds versus their German counterparts;