Forex

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Latest Forex News

Here are the latest developments in global markets:FOREX: Despite rising US Treasury yields, the dollar was under pressure against its major peers, with traders attributing the phenomenon to concerns surrounding a potential ballooning US debt and the expectations that other central banks could start raising...
This week, the global markets stabilized following the panic that ensued following the release of inflation data from the United States. The US stock market has had five days of straight gains despite data showing that inflation was returning. The Dow, S&P,and the NASDAQ...
BTMU Research discusses USD/JPY outlook and maintains a bearish bias on the pair in the near-term, seeing 108.50 capping any upside. "Near-term, Japanese JPY selling to generate enough cash for overseas investing may support the lower bound of USDJPY. But once USDJPY drops below the 105 level,...
The Australian Dollar gained 30 basis points against the dollar following the data from the Australian Bureau of Statistics. In the highly anticipated data, the economy added 16K jobs in January, beating the analysts’ estimates of 15.3K. At the same time, the unemployment rate...
Talking Points:Sluggish currency markets look past speech from RBA Governor Lower. UofM consumer confidence gauge may not do much for the US Dollar. Profit-taking may translate into brief corrections of recent price moves.Currency markets drifted sideways in Asia Pacific trade. RBA Governor Philip Lowe testified in...
Danske Bank Research discusses the USD outlook in light of its price action post yesterday's stronger-than-expected US CPI and thinks that is testament to negative bias on USD in the market with the outlook for significant widening of the US public deficit."The downwards pressure on USD is...
The pound rose again on Friday as it headed for its best weekly performance since September against a dollar down across the board, as traders prepared for the release of UK retail sales figures. Sterling gained 0.1 percent to $1.4119 after hitting a day’s high...
Here are the latest developments in global markets:FOREX: The dollar index traded almost 0.3% lower on Friday, adding to the losses it posted yesterday and recording a new three-year low. The continued slide in the world’s reverse currency managed to push euro/dollar to 1.2555 overnight, marking...
BTNU Research discusses USD/JPY outlook as the JPY out-performance continues making the currency the best performing G10 currency on a year-to-date basis."So there is certainly a yen specific story here and the shift in risk tolerance and the increased appetite for hedging risk asset exposure...
The Canadian dollar has paused on Thursday, after posting strong gains a day earlier. Currently, USD/CAD is trading at 1.2491, down 0.01% on the day. On the release front, Canada releases ADP Non-farm Employment Change. In the US, there are a host of indicators, highlighted by...
Deutsche Bank Research discusses USD/JPY amid its recent decline and notes that1- While Japanese pension funds, life insurers and other institutional investors have thus far bought on dips from around 110 and below, their buying has been far from aggressive this time.2- Overseas speculators...
US equity indices closed the overnight  higher after reversing opening losses. Wall Street added a fourth day to the winning streak, even as bond yields rose following stronger than forecast inflation data, but weaker retail sales. The Dow closed 250 points higher, after dipping...
The U.S. inflation figures for January have been anxiously awaited by investors after wage growth sparked a sharp selloff in equity and treasury markets last week over fears of an overheating economy.Wednesday’s data confirmed that inflation in the world’s largest economy is on the...
Here are the latest developments in global markets:FOREX: The dollar index fell 0.4% on Thursday, extending the significant losses it posted on Wednesday in the aftermath of the US CPI and retail sales data.STOCKS: US markets finished the day notably higher yesterday, erasing earlier losses, despite the stronger-than-anticipated US...
Was it the mixed data, skewed positioning or merely a lack of confidence that has the USD dollar precariously perched at the edge of the cliff.Everyone one to a tee went all in on a dollar buying frenzy after the CPI number, but the...
The U.S. dollar fell on Wednesday despite a report of stronger-than-expected inflation data and an increase in interest-rate expectations, raising the possibility that the currency is in a period of secular downturn.“We are in an environment where the dollar is weakening regardless of the...
US equity indices manged to post a third straight day of gains overnight, a first for 2018. The Dow closed 0.1% higher, the S&P gained 0.2% and the Nasdaq pushed 0.4% higher. Wall Street was seen clinging to a winning streak as volatility eased,...

US 500 and USDCAD Analysis

The US stock index is in a holding pattern as we await US Inflation and Retail Sales data at 13:30 GMT today. The market has managed to grind higher and break above its Blue downtrend resistance line and price is positioned below 2670.00. Major...
After wiping off more than $5 trillion in market cap past week and volatility hitting the roof, global equities are finally showing signs of stabilization. U.S. stocks continued to recover from the correction levels on Tuesday with main indices posting a three-day winning streak....
Here are the latest developments in global markets:FOREX: The dollar index traded 0.2% lower on Wednesday, ahead of key US inflation and retail sales data releases that could determine the currency’s short-term direction. STOCKS: US markets closed with modest gains on Tuesday, with investors appearing hesitant to take...
The markets were reasonably busy overnight in preparation for this evening US CPI, and with some G-10 traders arguing this is the most significant economic release in the past three years, and at a minimum, the consensus is that that the US CPI release...
Yesterday’s weakness in European equity markets had all the hallmarks of a classic risk-off event. Falling yields on US treasuries, a rising gold price as well as a strong Japanese yen and Swiss franc, which in turn saw the Nikkei 225 miss out completely on the...
The Japanese currency strengthened across the board on Tuesday as the blue-chip stocks of the Nikkei 225, the headline measure on the Tokyo Stock Exchange, slumped in the second half of the trading session. The weakening also coincided with a decline of stock futures...
Bank of America Merrill Lynch Research discusses USD/JPY outlook and argues that it's unlikely that the pair will see a similar aggressive sell-off on a rush to JPY hedging as it did in its steep sell off into 111 around two years ago."There are a few key differences, however,...
Talking Points:Traders supporting the markets with more buying pressure. The US bond yields have not reacted to the new spending news yet. Bank of England's policymaker Gertjan Vlieghe thinks that the UK's economy is ready for higher rates. UK’s CPI number has a...
Here are the latest developments in global markets:FOREX: The dollar index traded nearly 0.4% lower on Tuesday, as concerns over rising US deficits and the nation’s long-term debt sustainability continued to pressure the world’s reserve currency.STOCKS: US stock indices advanced yesterday, recovering some of their recent losses....
US stocks posted strong gains overnight, booking the first two day winning streak in February. US equity indices rebounded from a historically poor past week, which saw the Dow Jones, the S&P and the Nasdaq all shed over 5% in their worst weekly performance in...
The stock market recovery that began with a rebound on Wall Street on Friday afternoon, continued yesterday as European markets pulled back some of their recent losses after two weeks of heavy losses.That momentum was maintained into yesterday’s New York close as US markets...
The Canadian dollar has ticked higher in the Friday session. Currently, the pair is trading at 1.2609, up 0.05% on the day. On the release front, the focus is on Canadian employment indicators, with the release of Employment Change and the unemployment rate. Traders should be...
Here are the latest developments in global markets:FOREX: The dollar index traded 0.3% lower on Monday, despite the recent surge in 10-year US Treasury yields, which are now hovering near 2.88%.STOCKS: US equity indices experienced a tentative rebound on Friday. The S&P 500 led the way, rising by...