# Analyst Corner

#Analyst Corner

New Zealand Dollar Currency NZD

NZD/USD: Flows Point To Downside Risk S/T On Strong Real Money Selling

Bank of America Merrill Lynch FX Strategy Research notes that its latest proprietary flows show officials selling the USD again last week, after having stopped the two weeks before. In addition, BofAML notes...
Janet Yellen - Federal Reserve

Fed Speeches and Earnings in Focus

Earnings Season in Focus as Stocks Target New Highs US futures are pointing to another higher open on Wall Street on Wednesday, as companies prepare to report on the third quarter at...
US Dollar Currency

The US Dollar is Vulnerable, But It’s Temporarily

The US Dollar can’t manage to continue growing, and the more attempts to rise it makes, the more doubts appear that it can really rise during this particular period of market...
Mark Carney

UK Inflation Data Key as BoE Ponders Rate Hike

Will UK Inflation Data Alleviate Policy Makers Concerns? European equity markets are expected to open relatively flat on Tuesday, as we await some important inflation data from the UK and the eurozone,...
Australian Dollar Currency

AUD/USD: On Alert For Bullish Confirmation But Patience Required: Levels & Targets

NAB FX Technical Strategy Research maintains its bullish bias on AUD/USD arguing that from a price perspective the positive outlook that have been identified in recent months remains in play. "Additional bullish confirmation will...
Canadian Dollar

USD/CAD Canadian Dollar Higher After Predictable Fed Minutes

The Canadian dollar appreciated after the release of the Federal Open Market Committee (FOMC) September meeting minutes. The U.S. Federal Reserve announced the details of its balance sheet reduction plans at...
US Dollar Currency

The US Dollar reserves the right to grow

Talking Points The US Dollar is still interesting and attractive to investors, despite the statistical fluctuations. The US labor market statistics in September was surprising, but not as impressive as it...
Great British Pound Currency

GBP: What Markets Will Focus On In The Short To Medium Term? Where To...

Nomura FX Strategy Research argues that for GBP traders in the short to medium term, the market will be more focused on Theresa May’s future, what the EU says on Brexit in...
Canadian Dollar

USD/CAD: ‘Reacting To The Good Not Bad’; Where To Target?

CIBC FX Strategy Research notes that the CAD has weakened further against the USD as of late but the move continues to mainly reflect improved sentiment in the US rather than a...
Oil Commodity

Saudi Arabia and Russia Puncture Oil’s Recovery

Saudi Arabia and Russian backpedalling popped oil’s balloon on Friday as Hurricane Nate props up prices in Asia. The rot set in as both Russia and Saudi Arabia seem to backtrack on their...

Gold Follows the Silver Bullet Higher

Gold shrugs of a stronger dollar to post an impressive recovery, but it is silver’s rally that will have grabbed technical analysts attention. Gold Down, but not out, best describes gold’s price action...
Bonds

The Running of the Dollar Bulls?

Not quite the running of the bulls as yet but indeed unambiguous signals are building to support the firm USD view. While the markets remain cemented within recent trading ranges, the...
US Dollar Currency

Non-farm payrolls preview: Fed unlikely to be concerned by slacker jobs growth

Will hurricanes have an impact on jobs and will the market even care? Friday’s non-farm payrolls are forecast to be weaker - something in the region of 80k-100k is expected, which would...
CAC 40

CAC Lower Despite Strong French Services PMI

The CAC index has posted slight losses in the Wednesday session. Currently, the CAC is trading at 5,350.00, down 0.32% on the day. On the release front, services readings were positive....
Great British Pound Currency

The Pound is running for its life

The GBP/USD pair has fallen to three weeks’ lows. Taking into account how fast the American currency has been strengthening this Autumn, one can really expect the trend to continue in...
Oil Commodity

Oil and Gold Unmoved in Asia

Oil and Gold both continued to fade into the week’s end with a China holiday seeing a quiet start for Asia. WTI finished unchanged at 51.35 on Friday as the selling pressure...
Swiss Franc

CHF: To Remain A Victim Of The Global Divergence Trade; Staying Long EUR/CHF

Credit Agricole CIB FX Strategy Research expects CHF to remain a main victim of the global divergence trade with the SNB staying comfortable with its accommodative policy stance. "We expect the CHF to...
Canadian Dollar

USD/CAD Canadian Dollar Lower After BoC Governor Speech

The Canadian dollar was lower on Wednesday after the Bank of Canada (BoC ) Governor delivered a speech in Newfoundland. Governor Stephen Poloz said that there is no predetermined path for...
Bank of Canada

CAD: Poloz Speech Confirms Our View Next BoC Hike Will Have A 2018 Stamp

CIBC Research comments on today's speech by BoC Governor Poloz. "In a speech to a St John's audience, the BoC head highlighted that he's aiming to proceed "cautiously" with more hikes, despite what's...
Donald Trump

Trump tax reform hopes prompt more US records

The prospect of another US rate rise, after Fed chief Janet Yellen’s comments earlier this week, as well as the outline of a potential future tax reform plan by the Trump...
Bank of England

Euro, Pound May Rise with BOE and ECB Policy Back in Focus

Talking Points: US Dollar gains as Fed rate hike bets swell, may ignore Q2 GDP revision British Pound may rise as BOE’s Carney puts rates policy back into focus Euro might correct higher as...
Reserve Bank of New Zealand

NZD: Balance Of Risks Into RBNZ

Citi Research notes that expects NZD to remain capped into this week's RBNZ policy decision on Thursday (NZ local time). "The central bank may reiterate that its monetary policy to remain accommodative for...
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Oil and Gold Give And Take

It was give and take overnight with oil shrugging of a stronger dollar while gold wilted as U.S. bond yields rose. OIL Oil’s appeared to be correcting nicely overnight after the previous day’s...
Federal Reserve

Yellen pushes prospect of December hike

Yellen has cast aside the dovish tone in the Trump era as of late, as she looks to turn up the heat on markets which have been downplaying the possibility of...
Canadian Dollar

USD: Fade The Fed; Good Level To Sell USD/CAD

TD FX Strategy Research notes that the USD price action post-FOMC likely reflects that the market was looking for the Fed to scrap from the dots a rate hike this year...
US Dollar Currency

USD: Balanced Risks From FOMC But Would Buy The Dip If We Get One

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...
Great British Pound Currency

The Pound is regaining positions. What’s next?

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,...

Gold Slips to 2-Week Low, US Housing Data Next

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...
Great British Pound Currency

Sterling Moves to New Yearly High as Traders Anticipate Upcoming Rate Hike

The British pound soared to a new 2017 trading high, after the Bank of England (BOE) minutes commented that higher inflation and a pick-up in UK growth could lead to a...
Janet Yellen - Federal Reserve

All eyes on the Fed this week as investors mull a tightening shift

The health of the global economy appears to be starting to give mixed signals if last week’s price action is anything to go by, with crude oil prices rising sharply in...

LATEST

NZD/USD: Flows Point To Downside Risk S/T On Strong Real Money Selling

New Zealand Dollar Currency NZD
Bank of America Merrill Lynch FX Strategy Research notes that its latest proprietary flows show officials selling the...

USD Stretches Towards Resistance: Yen, Aussie to Offer Opportunity

US Dollar Currency Yen
Talking Points: The U.S. Dollar continues to claw back towards a key resistance zone that runs from...

USD/JPY – Yen Under Pressure, Markets Braced for Soft Japanese Trade Surplus

US Dollar Japanese Yen
The Japanese yen has posted gains in the Wednesday session. Currently, USD/JPY is trading at 112.86, up...

Fed Speeches and Earnings in Focus

Janet Yellen - Federal Reserve
Earnings Season in Focus as Stocks Target New Highs US futures are pointing to another higher open on...

Oil rises on expected fall in U.S. inventories, geopolitical tensions

Oil Commodity
Brent oil prices rose to a three-week high on Wednesday as weekly U.S. crude inventories are expected...
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