Forex

Forex

Currency Markets

Brent Oil

Oil-linked currencies gain with the commodity’s rise; dollar retreats

As the Asian trading session is coming to a close, the dollar is modestly down while commodity-linked currencies, such as the loonie, are gaining ground versus the greenback on the back...
Japanese Yen

Is the USDJPY Rally Ready to Resume?

The Dollar Yen’s resurgence has been moderated over the past few days by the presence of the 100 day EMA but the pair’s underlying bullishness may shine through shortly. Indeed, a...
Euro

Markets: The Week Ahead 23rd June 2017

A snapshot view of the calendar for next week and commentary on potential catalyst of data of interest. USD: GDP revisions don’t tend to be the most exciting of releases, not helped by...
Oil Prices Rise

FTSE, CAD under pressure as oil tanks

The FTSE 100 opened downbeat, as the stronger pound and selling pressures in energy (-0.85%) and mining stocks (-1.22%) continued weighing on investors’ mood in London. The WTI crude hit a 10-month...
Great British Pound

GBP: Price Action Through Brexit Talks

Danske Bank FX Strategy Research expects GBP to likely stay in undervalued territory during Brexit talks but be highly sensitive to progress in discussions. "The domestic outlook in the UK is unlikely to...
New Zealand Dollar

Kiwi lifted by positive RBNZ growth outlook; oil prices deteriorate on supply glut concerns

The New Zealand dollar jumped after the Reserve Bank of New Zealand said the country’s growth outlook remained positive. Sterling held onto gains after the hawkish comments from Bank of England’s...
Euro

Euro clouds clearing as political risk fades

The euro has been a star performer in 2017 and it looks like it could be set for further gains as we head into the second half of the year. Euro net...
New Zealand Dollar

NZD Poised to Breakout Despite Recent Ranging Phase

The Kiwi Dollar’s rally has proven to be remarkably resilient over the past week, the pair largely resisting the urge slip lower despite some rather bearish technical readings. Moreover, this week...
Oil

Oil remains close to 7-month lows; dollar little changed

As Asian markets are completing their trading day, the dollar index has eased from yesterday’s one-month high but is still close to that level. In the meantime, WTI and Brent crude...
Euro

Shifting Technical Bias Points to Near-Term EUR Bullishness

The Euro has been declining fairly consistently over the past few weeks but the bears may have finally met their match in the 1.1123 support level. As a result, a reversal...
WTI OIL

Sliding oil prices unnerves markets

Having got off to a good start this week, equity markets managed to give back a good proportion of those gains yesterday as further sharp declines in energy prices undermined the...
Canadian Dollar

USD: What’s Behind The Bounce; What’s The Trade?

Credit Agricole CIB FX Strategy Research argues that as the markets have been predominantly focused on the current inflation data and appear to be pricing in an overly cautious Fed, there is...
Pound

Pound steady as Brexit talks commence

GBPUSD continues to hold a little way above seven-month lows but looks susceptible to any drop in sentiment as tense and tough negotiations over Brexit commence yesterday (June 19th). Sterling traded above...
US Dollar

Dollar firms on hawkish Fed speakers; sterling in focus ahead of speeches by BoE...

The US dollar was firmer on the back of hawkish comments from Federal Reserve officials. Sterling held onto Monday’s losses as all eyes turn to the mansion House speeches later by...
Australia

Hawkish RBA hampered by financial stability concerns, AUD/NZD, AUD/USD

The RBA remained positive on their economic outlook yet have heightened concerns over financial stability, making a hike from the hawkish bank unlikely in the foreseeable future. In a speech yesterday, RBA...
Euro Vs Poud

EUR/GBP Gets Set to Break Below the 20 DMA

The Euro-Pound has largely exhibited a sideways direction over the past few months as price action’s movements have mainly been constrained by a channel.  Subsequently, there have been plenty of trading...
Swiss Franc

USD/CHF: The Swissy Rally isn’t Done Just Yet

The Swissy has been recovering nicely over the past week or so but it’s been running into some resistance which could mean that it is now poised to reverse earlier than...
Currencies

Tech sector continues to lead as central bankers influence currencies

Investors in love with tech stocks again. The sector which was held responsible for the pullback in equities in the last two weeks is driving indices to record highs. Suddenly valuations are...
Euro Vs Poud

EUR/GBP: Mind The Divergence – Where To Target?

Societe Generale FX Strategy Research makes the case for further EUR/GBP gains targeting 0.90 in Q3.  "The UK economy has weathered the 12 months since the vote to leave the EU better than feared,...
Japanese Yen

USD/JPY Likely to Remain Bullish in the Week Ahead

The USDJPY was strongly positive throughout most of last week as the pair rallied strongly in response to the U.S. Fed’s decision to hike interest rates. Subsequently, the pair closed the...
Australian Dollar

AUD Bullishness Looking Poised to Extend

The Aussie Dollar performed rather well last week which came as a surprise to much of the market given the FOMC’s decision to raise rates. As a result, the question is...
France

Euro steady as Macron set to win legislative elections; sterling in focus as Brexit...

The euro was supported by news that French President Emmanuel Macron won a majority in Sunday’s legislative elections. Sterling was steady ahead of the start of Brexit talks in Brussels today. In...
US Dollar Japanese Yen

JP trade slips to a deficit, GBPJPY, USDJPY

Increased imports from China and Australia tipped Japan's trade into surplus in May. GBPJPY and USDJPY remain supported and may provide bullish opportunities as the week progresses. Japan’s trade dippedback into deficit...
Mark Carney

After the Fed & BoE surprises, what to expect the week ahead?

Last week central bankers took many traders by surprise. It started with the Federal Reserve’s monetary decision on Wednesday. The 25-basis points interest rate hike was fully priced in for several weeks,...
Emmanuel Macron

Euro lifted by Macron majority

Equity markets had one of those weeks last week where we saw conflicting signals as to whether we can expect to see further gains for stock markets, or whether we could...
US Stock Market

Searching for a spark: Dealers suffering a mild case of Central Bank fatigue

The market has been searching for a spark this morning. No doubt dealers are suffering a mild case of  Central Bank fatigue as the market remains in flux digesting last week’s...
Canadian Dollar

USDCAD Prepares for a Retest of the Trend Line

The USDCAD has benefitted from a strong trend line that has been supporting price action since early January, 2017. Subsequently, the trend line has proved fairly reliable in trading long reversals...
US Dollar Japanese Yen

Yen softer after BoJ makes no change to monetary policy or economic outlook; dollar...

The yen weakened after the Bank of Japan (BoJ) left monetary policy unchanged today while the US dollar remained firm after the Federal Reserve raised interest rates on Wednesday. The BoJ announced...
Pound

Sterling jumps after hawkish BoE; rate hikes could come sooner

The pound jumped after the Bank of England (BoE) policy announcement yesterday, erasing earlier losses against the dollar. The BoE was more hawkish-than-expected and the Monetary Policy Committee (MPC) vote count...
Reserve Bank of New Zealand

Rising Kiwi likely co concern RBNZ next week, AUD/NZD, NZD/USD

We think the recently removed reference to the exchange rate could make a return in next week's statement after several weeks of solid gain from NZD. AUDNZD is forming a potential...

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Hawkish RBA hampered by financial stability concerns, AUD/NZD, AUD/USD

Australia
The RBA remained positive on their economic outlook yet have heightened concerns over financial stability, making a...

UK Loses First Round In Brexit Negotiations

London Brexit
Brexit Negotiations: Day 1 Recap It was said that Brexit negotiations were not about “punishment” or “revenge”, but...

Brexit Negotiations Begin! Could the Timing be Any Worse?

UK
Welcome to day one of 730 Brexit negotiations begin after nearly a whole year of speculation and build...

JP trade slips to a deficit, GBPJPY, USDJPY

US Dollar Japanese Yen
Increased imports from China and Australia tipped Japan's trade into surplus in May. GBPJPY and USDJPY remain...

Rising Kiwi likely co concern RBNZ next week, AUD/NZD, NZD/USD

Reserve Bank of New Zealand
We think the recently removed reference to the exchange rate could make a return in next week's...
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