Sterling strengthened versus the dollar and the euro on Monday, bouncing back from a three-week low as investors eyed coming inflation data that could revive bets on eventually tighter Bank of England policy.The pound gained over 1.5 percent against the dollar in March on...
European shares fell on Tuesday as banks and tech stocks weighed, led lower by a slump in Dialog Semiconductor's shares, though energy stocks provided support.The pan-European STOXX 600 index was down 0.1 percent, while the FTSE 100 rose 0.2 percent.Tech stocks were the biggest...
The Euro continued to retreat throughout most of last week, as price action was rejected from levels around the 55EMA, despite a stronger than expected EU Retail Sales Result of 0.7% m/m. Much of the move was due to the stronger greenback sentiment in...
The Swissy should be gearing up for another reversal in fairly short order as the technical and fundamental biases turn against the pair. Specifically, we continue to see the long-term chart pattern exert its influence and when this is coupled with a number of...
JP Morgan FX Technical Strategy Research sees a high likelihood that a sustainable high has been marked in EUR/GBP at 0.9403 in October and that a much broader down-consolidation if not a new downtrend has been launched."The former has a minimum price target of 0.8168 (50...
US earnings season kicks off properly on April 13th as Citigroup, Wells Fargo and JPMorgan Chase & Co all report their first quarter revenues. Financials are set to be among the top performers and expectations are running high.Here’s our quick preview of what to expect...
Safe haven assets were in demand as risk aversion in the markets today drove investors to the yen and gold.  Geopolitical concerns and Fed Chair Janet Yellen’s comments weighed on US Treasury yields. The dollar index consolidated losses after falling below the key 101...
Investors are dumping risk assets early Tuesday as geopolitical tensions remained the key catalyst shaking the markets. The move by China to send 150,000 troops to North Korea border over fears that Trump may strike Pyongyang and comments from White House Press Secretary Sean...
Technically, USDJPY sits between a rock and a hard place of support and resistance, yet there is potential for a break below 110 if the current sentiment remains and US data goes against the Dollar.The safe-haven inflows for USD and JPY over the recent...
The US central bank’s target has shifted from a post-crisis exercise to maintaining a healthy and sustainable economic growth, said Fed Chairwoman Janet Yellen last night in Michigan.Earlier jobs market figures showed that the unemployment rate dropped to a 10-year low of 4.5%, giving...