thenews / Profile

We take the opportunity this week to cut  our 3m EURUSD forecast to 1.10 from 1.15, leaving the 12m target unchanged at 1.05. We have long feared that the UK vs EU tensions could become a problem in 2017, not least if they highlight divisions

As reported moments ago, just around 7:07pm ET, cable snapped and plunged by what some say may have been as much as 1200 pips, dropping from 1.26 to as low as 1.14 according to some brokers, before snapping back up.   What caused the move? While

EUR/GBP longs* are something we’ve pushed for a while and we will stick with them.  The possibility of talk of ECB tapering persisting makes for an attractive risk profile above and beyond the headlines that tumble out of the UK government. We

Almost every market participant out there has at least one horrific war story on a crash that profoundly affected their portfolio or world view. For example, one unnamed stock broker I know had himself and his clients in a soaring gold stock

USD/JPY has now broken out of an upper channel resistance at 102.50, which for us confirms that a bottom is now in place for the pair. Beyond current momentum, the major catalysts for JPY weakness are found within the newly designed BoJ monetary

We do not think the short-lived but violent overnight sell-off in GBP reflects a fundamental adjustment and hence we do not expect Sterling to re-test the lows seen during Asia trading hours. We do not think risk-reward favours chasing GBP lower from

Market concerns that ECB may be closer to tapering QE than anticipated have been supporting the single currency on the crosses.  Although the central bank’s press agency denied such an idea, we do believe that it will become a bigger topic by

After last week's warning by Ray Dalio that a 100 bps rise in yields could lead to trillions in cross-asset losses, it was Goldman's turn to pick up the bearish torch with a note in which it warned that stock markets are set for volatility in the

With Deutsche Bank mercifully missing from overnight headlines for the first day in almost two weeks, it is time to bring attention to Germany's second largest bank which, as we first reported earlier in the week citing a Handelsblatt leak

Crude prices are holding onto gains from late Wednesday, setting a risk-on tone across markets, as OPEC ministers have signalled a likely production cut at their next official meeting on 30 November...USDCAD failed to sustain a break of its 200-day

From Credit Suisse: We maintain our EURUSD 1.15 three month target. The target was based on the following rationale: 1- We do not expect the Fed to hike this year (Credit Suisse has the first hike penciled in for May 2017) despite the market still

Flatter curve, weaker USD. We project the USD to fall another 3-4% from current levels, with the US economy slowing into Q4 working as the catalyst.  The rates market is pricing around a 50% probability of the Fed hiking by year end, but with

The UK will receive an update on the health of its manufacturing sector post-Brexit next week, with  the manufacturing PMI to be released Monday  and production data to be released Friday. So far, data have suggested that various worst-case

The Chinese yuan is today added to the IMF's Special Drawing Right basket On the same day that the Communist Party celebrates the founding of the People's Republic of China in 1949 their currency joins the International Monetary Fund's basket of

Despite the fact that economic indicators have shown less of a slowdown than had been expected, the post-Brexit vote environment hasn’t been particularly positive for sterling.  The recent short-covering rally in sterling ran out of steam just

Currency investors should consider selling GBP/JPY this week, advises CitiFX in its weekly FX pick to clients.  " Sell GBP/JPY at 130.55, target 127.10, stop loss 132.60 ," Citi advises.  *Citi weekly trades provide short term guidance

The stability for the euro continued in September and the currency pair remains on track for recording the narrowest trading range for a calendar year (1.0711-1.1616 currently) since euro trading began in 1999. However, the equity price collapse for

It appears pre-Brexit levels for gold ($1270) and Silver ($17.50) are being eyed as heavy volume is monkey-hammering precious metals lower... Gold broke below the 100DMA at $1317 and is heading for $1270 (pre-Brexit) and $1262 200DMA

Yahoo Inc last year secretly built a custom software program to search all of its customers' incoming emails for specific information provided by U.S. intelligence officials, according to people familiar with the matter. The company complied with a

Views From 15 Major Banks BNPP (out-of-consensus) : FOMC To Announce A Dovish Hike; Mkt Short USD Into FOMC Our economists continue to forecast the Fed delivering a 25bp ‘dovish’ hike , cushioning its delivery with reassurances about gradual