# Analyst Corner

#Analyst Corner

Gold Commodity

Dollar Torpedos Gold Whilst Oil Checks Its Inventory

Huge inventory draw saves crude’s blushes as a stronger dollar twists the knife in gold’s side. The American Petroleum Institute (API) rode to oil’s rescue overnight reporting a massive 9.2 million barrel...
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...
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...
Oil Commodity

Mr Kim Turns Gold and Crude Oil, off the Boil

A perceived drop in North Korea threats and some weak data from China and Europe was all the excuse that stale crude oil and gold longs needed to head for the...
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...
Oil Commodity

FOMC’s Song Drowned By Don and Kim

The FOMC may be this week’s data highlight, but it is the Kim and Trump show that will keep energy and precious metals on edge. Crude Oil Both Brent and WTI survived further...
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...
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...
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...

Gold Rallies in the Face of Increased Geopolitical Risk

Gold prices firmed overnight to close around the $1260.75 an ounce mark as the precious metal reacted to a range of increased risk emanating from renewed tension on the Korean Peninsula....
DAX

DAX Slips on North Korea Tensions

The DAX index is down considerably in the Wednesday session. Currently, the DAX is trading at 12,787.00, down 0.86% on the day. On the release front, it is a quiet day, with...
Euro Currency

EUR/USD – Euro Shrugs Off Strong German Trade Surplus

EUR/USD continues to have a quiet week. Currently, the pair is trading at 1.1806, up 0.11% on the day. On the release front, Germany’s trade surplus improved to EUR 21.2 billion, above...

USD/CAD: Gradual Recovery Has Further Room To Target; Where To Target?

TD Research notes that after carving out a base around 1.2414, USD/CAD has been gradually inching higher. "We think the move has some more room to run given that much of the...
US Dollar Currency

Repatriation?

The Dollar rally had a bit to do with the July Jobs report, but it was more about repatriation pledged from White House Economic Advisor Cohn. The July jobs report was...
US Dollar Japanese Yen

USD/JPY: Will NFP Trigger A Recovery?

Barclays Capital FX Strategy Research argues that the path of USD/JPY is likely to depend on the durability of the ongoing global cyclical recovery and whether foreign central banks fulfill their hawkish shift...
Gold Commodity

How To Trade Gold Ahead of US NFP

US NFP would impact the gold price Technicals are showing some important signals Investors have one focus, which is what the impact of the US non-farm payroll data on the Fed...

Oil and Gold Sleepy Pre NFP

NFP data this evening squashes volatility in Asia as traders adopt and sit and wait approach. Crude Oil Caution seemed to be the catchword in oil markets overnight. Traders were unwilling to add...
Euro Currency

EUR/USD: A Reversal Could Be On The Cards But Unwise To Be First To...

Nordea FX Strategy Research argues that despite being long-term optimists on EUR/USD, the strong recent momentum of the pair has been surprising. "A lot of good news should already be in the...
Bank of England

Bank of England unlikely to hike

To hike or not to hike: What chance is there the Bank of England will raise interest rates at this month’s policy meeting? Markets are pricing in very little chance of rates...
Canadian Dollar

USD/CAD Canadian Dollar Lower on Trade Concerns Despite Oil Surge

The Canadian dollar is trading lower against the US dollar on Wednesday. The loonie failed to capitalize on the US private payrolls slip and the rise in oil prices after a...
Oil Commodity

Oil Listing But Not Holed Below The Waterline, Yet.

OPEC and the API Crude Inventories torpedo oil overnight, but the move could be more to do with positioning than a structural change. Crude oil’s storage tank burst last night, with both...
Swiss Franc

EUR/CHF: Room For Upside Momentum To Accelerate Further

Credit Agricole CIB FX Strategy Research expects the CHF to remain under pressure especially against the EUR in the near-term. "We expect the SNB to do its utmost to keep monetary policy expectations strongly capped. Given...
Bank Of England

Cable Likely to be Buoyant as Bank of England Set to Meet

The Cable experienced another week in the green as the pair reacted to both the U.S. FOMC and UK GDP results. However, it was largely the FOMC’s lack of hawkishness that...
Reserve Bank of Australia

Post RBA Rate Decision

As widely expected no policy change and as equally anticipated the RBA  did mention that the exchange rate is providing headwinds on growth, but current price action is the key. AUDUSD has...
Euro Currency

Back to the futures: 31st July 2017

A snapshot of large speculator's poitioning from the weekly CFTC report and analysis of related futures markets. - US Dollar index is now net short for the first time since June 2014 -...
Great British Pound Currency Euro

GBP: BoE To 6-2 In Favor Of Unchanged Rate Next Week; EUR/GBP Could Retest...

At next week's BoE August policy meeting, Danske Research expects the central bank to vote 6-2 in favor of keeping the Bank Rate unchanged against 5-3 on the previous occasion. "The reason is mainly...

LATEST

GBP recovers to 1.29 on surprise UK wages data

Great British Pound Currency
The UK wages growth surprised on the upside, as the British households saw their average earnings improved...

UK unemployment falls again to lowest since 1975, wage growth still lacklustre

Employee at Steel Plant China
Britain's unemployment labour market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly...

US Dollar holds gains

Federal Reserve
The dollar held on to big gains on Wednesday ahead of today's Federal Reserve's minutes. The Fed releases...

Dollar Torpedos Gold Whilst Oil Checks Its Inventory

Gold Commodity
Huge inventory draw saves crude’s blushes as a stronger dollar twists the knife in gold’s side. The American...

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

SWISS FRANC
Credit Agricole CIB FX Strategy Research argues that EUR/CHF faces limited downside risks from current levels on the ground that...
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