Euro Dollar
Since the Fed announced its first rate hike in mid-December last year the dollar has weakened by around 4.5% against the euro from approximately 1.08 to 1.13. It is not that unusual for the greenback to depreciate following the initial rate increase in a new hiking cycle. In fact the dollar...
EUROPE UK
The chance of British voters opting to leave the European Union has risen 3 percentage points to 34 percent following finance minister George Osborne's warning that a Brexit would cost each household thousands of pounds, bookmaker Ladbrokes said. Ladbrokes said Britain voting in a June 23 referendum to remain was...
Japanese Yen
The 105 level in USDJPY could well become the ‘line in the sand’ for the BoJ that may spur the bank back into action. To see that, we take a more detailed look at the longer-term path of USD/JPY and PPP. It suggests that the FX cross has deviated considerably...
Crude Oil
Commodity currencies slumped on Monday while the safe-haven yen soared after major oil producers failed to agree on an output freeze, sending oil prices tumbling anew. The Canadian dollar and its Australian counterpart were both marked more than 1 percent lower to as low as C$1.2986 per U.S. dollar and $0.7594 earlier...
US Stock Market Traders
Wall Street rallied on Wednesday, boosted by JPMorgan's first-quarter results, and unexpectedly strong Chinese trade data raised hopes that the world's second-largest economy was recovering. JPMorgan, the first of the big banks to report earnings, posted higher-than-expected revenue and profit, sending its shares up 4.2 percent to $61.75. The stock gave...
Euro Dollar

The euro’s reluctance

The Canadian dollar was making new highs for the year yesterday against the background of a weaker Greenback. The past three sessions have seen USDCAD move lower, taking it below the 1.30 level on a sustained basis. It’s against this backdrop that the Bank of Canada meets today, with the...
Latest Forex technical targets by United Overseas Bank. EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. We have held a neutral view for more than 2 weeks and there are no signs that the current consolidation phase is about to end soon. In other words, we continue to expect this pair to trade between...
DAX Board
A downbeat first batch of corporate results prodded European stock markets lower on Tuesday while oil prices held above $40 ahead of a meeting of major producers to discuss freezing output. The mood among investors in Europe and the United States has been subdued in the run-up to the second...
The top forecaster for the yen is bracing for it to surge past 105 versus the dollar as demand for the currency as a haven from market turmoil sidelines efforts by the government to stem the rally. Julius Baer Group Ltd. will probably revise its yen prediction to 105 or...
Japanese Yen
The yen powered to 17-month peaks on Thursday, trampling Japanese exporter stocks in the process, while a broadly soft dollar gave extra legs to a rally in oil prices. The profit-eroding rise in the yen kept the Nikkei to a slight 0.2 percent gain despite a big bounce in the energy...