Forex

Forex

Currency Markets

Great British Pound Currency

GBP recovers to 1.29 on surprise UK wages data

The UK wages growth surprised on the upside, as the British households saw their average earnings improved by 2.1% (3 month-on-year) versus 1.8% anticipated by analysts. Still, consumer prices rose by 2.6%...
Federal Reserve

US Dollar holds gains

The dollar held on to big gains on Wednesday ahead of today's Federal Reserve's minutes. The Fed releases the minutes of its July policy meeting at 1800 GMT, after European markets have...
SWISS FRANC

EUR/CHF: Limited Downside Risks From Current Levels; Staying Long

Credit Agricole CIB FX Strategy Research argues that EUR/CHF faces limited downside risks from current levels on the ground that rising safe-haven demand could trigger renewed fears of currency intervention. From that angle, CACAIB believes that any...
Great British Pound Currency

Pound steady on EU customs deal, slides on inflation

Has inflation peaked?  “The expected pickup didn’t happen. Inflation remains cooler and the pound dipped as investors had expected a rebound in July following the surprise drop in June. Inflation fell from...
US Dollar Japanese Yen

Dollar continues gaining against yen after yesterday’s surge on upbeat retail sales

The US dollar continued gaining during the Asian session following yesterday’s spike versus the yen on upbeat retail sales. Sterling was also down against the greenback during morning trading, while other...
Stock Market Janet Yellen FOMC

One set of data not enough to boost bullish dollar bets

Developments in the last 48 hours have finally given dollar bulls much-needed motivation to send the greenback higher. It started on Monday, with upbeat comments from New York Fed President Bill Dudley,...
Federal Reserve FOMC Stocks

European Futures Higher, FOMC Minutes May Reveal New Details, Sterling Needs Help, Crude Inventory...

Sceptical About Dollar Rally Hawkish FOMC Minutes Could Push Gold Lower UK Earning Data Could Save Sterling API Data Tumbled While Focus on Crude Inventory European markets are  keeping their attention...
Janet Yellen - Federal Reserve

UK wages and FOMC minutes in focus

Over the past couple of days we’ve seen a decent rebound in equity markets as risky assets start to regain some of their attraction, as concerns about tensions in North Korea...
Great British Pound Currency

Pound hit after inflation reports

Sterling has fallen by 0.41% against the dollar on Tuesday following the Office for National Statistics reports on consumer and producer prices. In July, the consumer price index was unchanged at 2.6% while the...
Japanese Yen

EUR/JPY: Tactical Dips ‘Healthy’ Before A Bullish Breakout: Levels & Targets

Bank of America Merrill Lynch Technical FX Strategy Research notes that the uptrend in EUR/JPY continues to stumble when attempting to make a weekly close through the 200wk SMA. "It has come...
US Dollar

US Futures Higher, RBA Minutes Dovish, Safe Havens Quelled

Risk off trade a major theme Gold eased off but not no major sell off Dollar Index moving higher on Dudley's comment Oil price struggles due to lack of demand The...
US Dollar Currency

Dollar climbs as war tensions calm; euro drifts lower after poor industrial performance

During European trading hours, the dollar managed to reverse partially from losses made on Friday, after comments by two US civil officials and the South Korean president on Monday eased war tensions between the...
Euro Currency

Forex markets’ reaction muted on economic data, dollar on rise

Forex markets have had a muted reaction to the released economic data during the Asian session. The yen weakened against the greenback despite an upbeat string of figures out of Japan...
US Dollar Japanese Yen

Japanese Data Injects Life, Dollar Bearish Bets At Record High Since 2013, Sterling and...

Japan Overwhelms While China Underwhelms Global Arena Looks At Trump Temper Bearish Bets At A Record Level Since 2013 No Hope For Sterling Bounce Oil Lower After OPEC Supply Spikes Japan...
Euro Dollar Currency

Will the Euro Remain Relatively Neutral in the Week Ahead?

The Euro Dollar initially started the week under pressure as the U.S. JOLTS Job Openings came in above expectations but this sentiment quickly turned around in the face of increased risk...
London Stock Exchange FTSE

Europe to open higher amid high tensions

The Nikkei 225 is trading lower today even though Japan posted strong growth numbers. In the second-quarter the country grew by 4% on an annualised basis, and traders were expecting a growth rate of 2.5%. In China, July...
US Dollar Currency

Dollar bulls eye US CPI inflation data

Has the dollar slide run its course? The US CPI inflation and core inflation figures are in focus on Friday as they are set to drive the price action in dollar FX...
Euro Currency

EUR/GBP: Room For Bullish Extension: Levels & Targets

Credit Suisse FX Technical Strategy Research notes that EUR/GBP has seen a strong rally since April this year and has reinforced a large base set above .8852 to achieve the next...
Great British Pound Currency Euro

Morgan Stanley predicts euro parity with pound for 2018

U.S. investment bank Morgan Stanley raised its currency forecasts for the euro on Friday, predicting it would hit $1.25 early next year and be one-for-one versus Britain's pound for the first...
Euro Dollar Currency

Geopolitical tensions unfold, though rally for safe havens comes to halt

Escalating turmoil between the US and North Korea has continued to dominate the news flow in forex markets as the war of words threatens to spill over into army confrontation. However, the...
Donald Trump

A Vexing Vix

US political uncertainty and North Korean sabre -rattling has lit a fire under the comatose Vix volatility index which popped above 15 % overnight.The geopolitically influenced global stock market thrashing has...
New Zealand Dollar Currency NZD

Lingering US-North Korea tensions continue to constrain markets, kiwi falls on RBNZ

Intensifying turmoil between the US and North Korea continued to strain forex markets across the globe and to lift demand for assets perceived as safe havens for the second day. The yen and...
Euro Currency

Euro Dollar Remains Weak Despite Small Gain

The Euro managed to find a modicum of support during today’s session as the pair despite the very evident ongoing selling pressure. The pair was initially pushed to a low of...
Currencies

Trump’s Bay of Pigs Moment

The relentless risk off moves in currency markets appears to have abated somewhat after Wednesday’s pyrotechnics in Asia.The dollar took on a distinctly August inspired flavour in NY afternoon trading within...
Canadian Dollar

USD/CAD: BoC To Be Cautious In Letting CAD Appreciate Further; Where To Target?

CIBC FX Strategy Research notes that the GDP growth in the US and Canada is always highly correlated so when they diverge, FX moves often help to bring growth rates closer...
Euro Dollar

Dollar Strength Weighs on Euro, Sterling Posts Another Low Against Euro

The Dollar Index Bounce Strongly On Cards Euro Weaker Against Dollar But Strong Against Sterling The Dollar Index Bounce Strongly On Cards  The US JOLTS data also gave traders hopes that the...
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Safe-haven assets gain on escalating US-North Korea geopolitical turmoil

Geopolitical woes between the US and North Korea escalated overnight following announcements by the presidents of both countries. In response, safe-haven assets such as the yen, Swiss franc and gold strengthened overnight. The dollar...
Great British Pound Currency

Sterling treads water after drop; outlook bearish

Sterling steadied on Tuesday after posting its biggest four-day decline in two months against the dollar as investors grew bearish about the outlook of the economy. The British pound was broadly flat...
Euro Dollar Currency

Dollar weakens in wake of US inflation, euro strengthens and oil pressured

Chinese economic data dominated today’s Asian session as dollar traders await key consumer prices figures for July due on Friday. The dollar index gave up on some of the strong gains from Friday to last...
Chinese Yuan

Chinese Data Fails Forecast, Dollar and Oil Weakness continues, Gold Edges Higher

Chinese Trade balance shows global growth improving Fed will focus on PPI and CPI data for a rate hike US NFP tail wind for the dollar stops Oil traders focus...

POPULAR

GBP/USD: Cable Spikes Ahead of GDP Data

Great British Pound Currency
Sterling was volatile ahead of the GDP report, but no big movements are expected after the news. London...

Dollar bulls eye US CPI inflation data

US Dollar Currency
Has the dollar slide run its course? The US CPI inflation and core inflation figures are in focus...

False Breakout Could Be About to Send Gold Reeling

The past six months have proved relatively positive for gold as the metal has continued to make...

Morgan Stanley predicts euro parity with pound for 2018

Great British Pound Currency Euro
U.S. investment bank Morgan Stanley raised its currency forecasts for the euro on Friday, predicting it would...

Back to school for May, Brexit and pound volatility

Theresa May
It’s likely to be a busy week for the pound as there are a number of important...
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