The Canadian dollar appreciated on Tuesday after losing traction at the beginning of the week as Bank of Canada (BoC) Deputy Governor Lane said the strength of the loonie would be a factor of monetary policy decisions. The CAD appreciated after the surprise rate hike in early September. The...

Bank of America Merrill Lynch FX Strategy Research expects the FOMC September statement to imply that the Fed is a bit more upbeat about the risks to inflation and growth, however, BofAML does not expect the dots to move, maintaining the expectation of three hikes this year (December hike).  "Market participants...

The markets are little changed overnight as they await the outcome of the 2-day Federal Reserve meeting that ends today. Many will be focusing on the Fed’s description of inflation in their policy statement as the US is confronted with tepid inflation well below the Fed’s target of 2%....

The Japanese economy is taking centre stage at present, as Shinzo Abe is set to call a snap election for October in order to maintain power. This comes off the back of North Korea tensions and of course a recent cabinet reshuffle which have improved his approval ratings. The...

The pound has managed to hold onto most of the gains of the last few days in the wake of last week’s surprise Bank of England about face on the prospects for a UK rate rise, though governor Mark Carney did try his best to paint a rather bleak picture for...

The Swiss franc fell to its lowest level in over two years against the euro on Tuesday, as relative calm over North Korea eased demand for perceived safe-haven currencies. The franc, which tends to gain in times of crisis, fell as much as half a percent to 1.1565 francs per...

The GBP/USD is back to the highs it reached in June 2016. It was achieved with the help of the macroeconomic statistics, which turned out to be better than before. However, in these circumstances the Pound could have rising slower, with an eye to the Brexit and the debates...

Gold has lost ground in the Monday session. In North American trade, the spot price for an ounce of gold is $1306.68, down 1.03%. In economic news, there are no major releases on the schedule. On Tuesday, the US releases Building Permits and Housing Starts. Gold prices jumped 4.3% in...

The Federal Open Market Committee faces a big test this week – can it announce the start of its balance sheet reduction operation without sparking something like a taper tantrum? This is one of the key meetings of the year as the monetary policy statement will be accompanied by...

On Tuesday, the dollar hit a fresh eight-week high against the yen in Asia with investors widely expecting the Fed policymakers to announce the start of monetary tightening later this year in their two-day meeting that concludes on Wednesday. Its British counterpart was in an uptrend as well following...