Forex

Forex

Currency Markets

Mario Draghi

ECB to Reduce QE- Euro Vulnerable to Dovish Draghi

The European Central Bank (ECB) is widely expected to retain the zero-interest rate policy (ZIRP) as it struggles to achieve its one and only mandate for price stability, but the Governing...
Mario Draghi

EUR: Trading The ECB – Views From Major Banks

The following are brief expectations for the ECB April meeting statement as compiled from the related research reports of 7 major banks. Overall, they see the ECB on hold with a neutral to a slightly...
Canadian Dollar

Dollar holds gains; Canadian dollar, Mexican peso surge on NAFTA relief

The dollar only held its gains against the Japanese yen on Thursday after U.S. President Donald Trump's tax plan offered no surprises, slowing the greenback's rally. The market also awaited the European...
Mario Draghi

Euro bulls poised for hawkish ECB but Mario Draghi may disappoint

EURUSD seems to be looking for an excuse to assault the $1.10 level and the ECB could provide the ammunition. But it might also prove a big disappointment. The pair has so...
Donald Trump

Dollar lower after Trump tax plan outline disappoints; euro steady ahead of ECB

US Treasury yields turned lower and the dollar trimmed recent gains versus the yen, helping gold recover from a two-week low. US President Donald Trump made his tax plan announcement on Wednesday,...
European Central Bank

Unimpressed investors drag equities from all time high

Trump's big tax reforms and tax reductions on Wednesday proved to be not so big, at least from Wall Street’s perspective. U.S. equities shrugged off earlier gains after flirting with all-time...
European Central Bank

EURNZD upside just getting started, ECB in focus

The long-term bullish wedge is playing out nicely and, even if it fails to reach the target in the year/s ahead, we remain confident the near to medium-term should provide bullish...
Bank of Japan

No Fireworks from the BoJ

Right on expectations and little change on JPY At some point, the BOJ is expected to slow the pace of JGB purchases, but with inflation remaining stubbornly below the 2 % target...
Canadian Dollar

CAD: Sell Into USD/CAD Rallies & Buy EUR/CAD

TD FX Strategy Research argues that USD/CAD looks expensive around current levels and if moves higher to 1.3650, the pair will be close to three standard deviations overvalued on TD valuation models. As such, TD...
Australia

Aussie Dollar Sets Up in a Corrective Structure

The Aussie Dollar has had a relatively rough week to date as the pair has reacted to a range of wildly swinging sentiment around the USD, as well as a disappointing...
US Dollar Japanese Yen

BoJ Report Setting the Dollar Yen up for a Tumble

In light of the fact that the BoJ is going to be thrusting the Yen centre stage in the next 24 hours as a result of its interest rate announcement, it’s...
Europe

EUR up, WTI down, focus on US tax plans

The euro has had a solid week so far, after the first round of the French election was perceived as a major relief from the markets, which already declared Macron the...
Australian Dollar

Aussie hurt by miss on inflation; yen weakens while euro hits new 5 ½...

The aussie weakened after Australian inflation data missed forecasts. Risk appetite continued to pressure safe havens like the yen and gold. The euro was supported by the euphoria of the outcome...
Euro

Euro pushes higher as traders mull ECB policy shift

US and European markets continued to build on their gains of this week yesterday, with the US in particular looking particularly strong after strong earnings from industrial bellwether Caterpillar, which blasted...
Mario Draghi

Markets Focus On ECB

With the ECB meeting looming, expectations of Trump's tax announcement and the ongoing French elections, low volatility has the potential to rise once more. Topics Markets Focus On ECB Trump Tax Plan Debt...
US Dollar

USD surges on positive data

USD traders were upbeat today as the US economic data was much stronger than expected despite a minor blip. New home sales m/m stole the show lifting to 621K (583K exp), show...

Euro steady while yen and gold ease; Canadian dollar weakens

The euro remained steady, near five-month highs against the dollar, while the yen and gold retreated as the outcome of the French elections dampened demand for safe havens. Markets shrugged off...
Euro Vs Poud

EUR-GBP – The Most Important Pair

The Euro-Sterling pair has a great deal of importance amid traders given the political events which are folding. The euro is more than likely to continue its rally against the sterling. The...
Mario Draghi

Markets in a party mode, will the ECB stop the music?

The positive momentum driven by the outcome of the first round of voting in the French presidential elections extended into its second day. It now appears that investors are confident that Macron...
Emmanuel Macron

Markets set to continue the Macron rally

If yesterday’s market reaction is any guide it would appear that investors have made up their minds already as to the result of the French election on May 7th. The France CAC40...
Canadian Dollar

CAD: Canada Outperformer, CAD Underperformer: Where To Target?

CIBC FX Strategy Research notes that the turnaround in Canada’s economy over the past six months or so has been pretty impressive, as Canadian GDP growth appears to be accelerating above the...
France

EUR rallies on highly priced Macron win

The CAC 40 rallied past €5’200 at the open in Paris; French banks surged 10%, as the most feared scenarios were left out of the frame at Sunday’s French election. The outcome...
Brexit

Euro spikes and gold slips as markets see relief rally after first round of...

The euro spiked to a five-month high against the dollar on the news that Emmanuel Macron passed through to the second round of the French elections with the most votes. The...
New Zealand Dollar

NZD Looking Bullish for the Week Ahead

The Kiwi Dollar had an interesting week last week and saw some fairly volatile trading despite the broadly bullish trend. As a result, it is worth taking a closer look at...
Great British Pound

Cable Rallies to Precipitous Position. Which Way Will It Go in the Week Ahead?

The Cable had a tumultuous week as the U.K. Prime Minister, Theresa May, shocked the market with a snap election to strengthen her mandate for a Brexit. This caught the market off-guard...
European Central Bank

Macron Faces Le Pen in May, ECB & Fed vigilant of French Election Outcome

*Le Pen and Macron facing each other in round two on the 7th of May. *CAC and Euro pop while Bond yields drop but not for long. *ECB Needs to play it’s A-game. *Fed...
Europe

Top events to watch the week ahead

First round of French presidential elections After the U.S. selected Trump and the U.K. chose Brexit, now it’s time for France to pick the next President. Today the French voters are heading...
France

Plus ça change, as Macron meets Le Pen in final round

It looks set to be a positive start for European markets this morning with the euro also gaining a boost from the first round result of the French Presidential vote. At the...
France

Macron Early Victory Over Populism Boosts the EUR

European equity markets are poised to start the week on a positive note on Monday after the first round of the French elections suggested that the populist wave that engulfed the...
Euro

It is all about the Euro

The Euro was elevated to levels not seen since March 2017 at 1.0777 during Thursday’s trading session, as participants discarded short positions ahead of the first round of the French Presidential...

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Britain’s trade options after Brexit: no easy way out

Brexit Vote Remain
Britain's status as a trade power has become one of the most contentious issues in the European...

Asian stocks rise as steelmakers dismiss U.S. probe, euro fretful before French vote

Asian Stock Market
Asian stocks were set to end the week on a positive note, unscathed by a U.S. trade...

Debenhams shares get Sergio Butchered

London Stock Exchange
Jitters ease but stocks little changed It was another jittery day for stock markets. Investors have been juggling...

It is all about the Euro

Euro
The Euro was elevated to levels not seen since March 2017 at 1.0777 during Thursday’s trading session,...

Swissy Heading for Further Losses Moving Ahead

Swiss Franc
The Swissy’s recent decline has been on pause over the past few sessions which cast some doubt...
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