# Analyst Corner

#Analyst Corner

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...
Great British Pound Currency

GBP: Buy Any Dips From Here; 3 Reasons

Credit Agricole CIB FX Strategy Research recommends buying any GBP dip post-BoE for the following reasons. Firstly, the BoE stance could continue to support the market expectations about a potential BoE hike. Secondly, expectations that PM...
London Stock Exchange FTSE

How FTSE components have changed since Brexit

Monday (September 18th) sees the latest shake up of the FTSE 100 and FTSE 250 indices. NMC Health and Berkeley Group Holdings will join the FTSE 100, while Provident Financial and Royal...
Bank Of England

All eyes on Bank of England after mixed UK data

It seems such a long time ago now when record highs for US markets were almost a daily occurrence but after a break of a few weeks normal service was resumed...
Gold Commodity

Gold Pauses After Sharp Losses Kick Off Week

Gold is unchanged in the Tuesday session, after starting the week with considerable losses. In the North American session, the spot price for an ounce of gold is $1327.47, up 0.07%. On...
Swiss Franc

EUR/CHF: ‘Big Rally’ Ahead Over Coming Quarters; Where To Target?

ING FX Strategy Research notes that the highlight for CHF traders this week will be Thursday's SNB meeting. "Expect the SNB to fan the flames of divergence between itself and the ECB, allowing...
Gold Commodity

Risk Appetite Returns After North Korean Holiday

Safe Havens Under Pressure as Geopolitical Risk Eases a Little Risk appetite looks to have returned on Monday, with traders relieved at the inactivity in North Korea over the weekend after reports...
Euro Dollar

EUR/USD: Our Call For A Tactical Reversal In Question Post-ECB

Barclays Capital FX Strategy Research notes that at its policy meeting last week, the ECB confirmed that changes to its QE program will likely be announced in October, but disappointed expectations for a possible...
Euro Currency

EUR/USD: A Soft Cap Ahead Of ECB October Meeting; Dips To Remain Shallow &...

Danske Bank Research comments on EUR/USD reaction to today's ECB September policy statement. "The FX market bought the pair on ECB’s more positive assessment of economic growth this year and the signals that...
London Stock Exchange FTSE

FTSE 100 Technical Outlook: It’s All About 7300

Topics FTSE 100 has confluence of support growing, with the 200-day MA added Repeated tests of 7300 weaken with each attempt to break, a close below would be big Support is support...
Canadian Dollar

USD/CAD Canadian Dollar Higher After BoC Delivers Surprise Rate Hike

The Canadian dollar appreciated on Wednesday after the Bank of Canada (BoC) hiked interest rates by 25 basis points. The move was not totally unexpected as the central bank had been...
US Dollar Currency

USD: 3 Reasons For Further Broad USD Weakness Vs EUR & JPY

Nomura FX Strategy Research continues to believe that the broad trend in the USD will be lower. Nomura outlines 3 key reasons behind this view.  "1- The dollar weakness we have seen so far this...

Gold and Silver new highs, beware the RSI’s

Headlines continue to drive Gold and Silver higher despite very stretched RSI’s. Gold Gold pushed higher again overnight despite the very overbought technical picture. The rally was driven by escalating Korean peninsula tensions...
US Dollar Currency

US woes cause dollar bears to strike

It's been a perfect storm for the USD bears today as the USD plummeted against major pairs and commodities. For some time the USD has been quite weak and major pairs...
Great British Pound Currency

Gold Two Factor Story, Aussie GDP Expanded, US Data And Sterling At 1.30 Under...

Talking Points Two Factors Supporting Gold ISM Non- Manufacturing and Fed Speeches Matter Sterling At 1.30, For How Long? Aussie GDP q/q Expanded Two Factors Supporting Gold North Korea may have another missile...
Oil Commodity

Harvey Unwind Evaporates Gasoline, Condensing Crude

Gasoline futures crash as U.S. refinings rapid comeback alleviates the refined crude backlog. Overnight crude trading was relatively quiet with most of the action occurring in gasoline futures, which slumped nearly four...
Gold Commodity

Is Gold’s Breakout Sustainable?

The past few weeks have proved to be a relatively large boon for Gold markets as increased geopolitical risk, as well as slipping U.S. centric economic data, has seen the precious...
US Dollar Japanese Yen

USD/JPY: Bullish But Top-Heavy Market To Persist; Where To Target?

Bank of America Merrill Lynch FX Strategy Research still expects the USD/JPY to rise into year-end but the top-heavy market may persist for now as tensions over US politics and the North Korean...
UK

Brexit Briefing: Sterling May Suffer From ’Car Crash’ Talks

The press conference after the latest round of Brexit talks was bitter, with no signs of compromise. That could damage the Pound short-term, but longer-term it could benefit if EU countries take...
US Dollar Currency

With Inflation Soft, How Key is US Jobs Data?

Friday to Cap Off Another Eventful Week For Markets. The week started with a missile launch from North Korea and tropical storm in the US but attention has gradually been diverted to...
Australian Dollar Currency

AUD, NZD: Political Risks Ahead; What Are The Likely FX Outcomes

Credit Agricole CIB FX Strategy Research argues the there are political risks ahead for AUD and NZD that are currently under-priced by markets. "Australian High Court ruling in October threatens to trigger a byelection that...
Oil Commodity

Crude Oil Drops as Harvey Swamps Inventories

Crude couldn’t rally on much lower inventories as Harvey and spread trading swamps Brent Crude finally. Hurricane Harvey submerged another massive drawdown in the official U.S. Crude Inventories last night, washing Brent...
New Zealand Dollar Currency NZD

CAD, AUD, NZD: Commodity FX Divergence; What’s The Trade?

Bank of America Merrill Lynch FX Strategy Research notes that commodity currency performance within G10 has varied and this will likely lead to the following outcomes: 1- "We believe CAD strength will...
Silver

Precious Metals Keep Their Feet on the Pedals

Precious metals gave back some gains to varying degrees as the dollar corrected, but overall still paint a rosy picture. Gold Gold gave back most of its gains overnight to finish unchanged at...
Euro Currency

Euro continues march higher, equities smashed in risk-off mood

Is there any stopping the euro? The single currency continued its march higher on Tuesday as it breached key levels against the dollar and pound. EURUSD broke $1.20, the strongest since January...

LATEST

Sterling rises ahead of Florence and the Maychine

Great British Pound Currency
Just as US markets marked the end of a 9 day winning streak, markets in Asia started...

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

Canadian Dollar
TD FX Strategy Research notes that the USD price action post-FOMC likely reflects that the market was...

Oil dips on rising U.S. crude inventories, production

Oil Commodity
Oil markets dipped on Thursday, weighed down by rising crude inventories and production in the United States...

The Fed caused a storm in the markets and explosive growth of USD

US Dollar Currency
The Fed promises to start shrinking their balance from October and has kept the rate unchanged. However,...

Dollar bulls awaken as Yellen announces twin tightening

US Dollar Currency
The struggling greenback has finally found a lifeline after the Federal Reserve maintained its intention to raise...
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