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Fundamental Analysis Reports
US Second Estimate of Q1 GDP Growth Revised Downward to a 0.7% Contraction
May 29 15:13 GMT, by
The second estimate of first-quarter 2015 US GDP growth was revised downward to a 0.7% annualized decline from the 0.2% increase reported in the advance estimate. This represented a significant slowi...
Canadian Q1 GDP Growth Unexpectedly Declines
May 29 15:11 GMT, by
First-quarter 2015 GDP growth in Canada unexpectedly declined by an annualized 0.6% in the quarter following a downwardly revised 2.2% gain in the fourth quarter of 2014 (2.4% previously). Market exp...
The Dollar is King for May, But Can it Last?
May 29 14:27 GMT, by
As we end May in a rather rainy and blustery fashion here in London, the dollar is having a bad end to the trading month. The latest economic data hasn't helped things; the US economy shrank 0.7% in ...
Weekly Focus: Deadline for Greek Deal Extended to Mid-June
May 29 14:24 GMT, by
Negotiations between Greece and three creditor countries progress slowly but deadline for avoiding default now appears to be extended until mid-June. We expect no new signals on policy in connecti...
May Month-End Model Hints at Dollar Weakness Heading into the Weekend
May 29 12:57 GMT, by
Traders often refer the impact of 'month end flows' on different currency pairs during the last few days of the month. In essence, these money 'flows' are caused by global fund managers and investors...
ECB Preview: Summer Front-Loading And QE Implementation Flexibility
May 29 10:44 GMT, by
We do not expect any new policy measures to be announced on Wednesday and believe that the statement will be broadly unchanged. We expect the ECB to repeat that risks surrounding the economic outlook...
Technical Analysis Reports
DAX: Greece Deal Hopes, Bullish Trend Still Intact
May 29 12:54 GMT, by
European stocks opened the day deep in the red mainly due to the on-going uncertainty over Greece and the Chinese stock market turmoil, before bouncing off their worst levels as we approached mid-day...
USDJPY - Sets Up To Correct Lower
May 29 10:35 GMT, by
USDJPY - Having capped its strength at the 124.45 level to close marginally higher on a rejection candle on Thursday, further weakness is expected. On the upside, resistance resides at the 124.50 lev...
USDJPY Could Fly Higher After Finding Support
May 29 09:20 GMT, by
USDJPY broke sharply to the upside in the past few days, clearly making an impulsive rise that is still incomplete, but as always pullbacks will occur. A new corrective set-back is here, a red wave 4...
EUR/USD Shows Minor Rebound From Monthly Low
May 29 08:42 GMT, by
The EUR/USD pair attempts to recover at least some part of losses that have occurred since May 19. On Thursday, the cross jumped above the 55-day SMA nearest resistance line and closed just below 1.0...
GBP/USD Still In Tight Range Between 1.52 And 1.54
May 29 08:32 GMT, by
On Thursday, the Cable edged down for the fourth day this week, although the fall was not as sharp as anticipated. GBP/USD managed to reach the weekly S2, which caused the pair to bounce back a bit a...
USD/JPY Struggles To Stay Above The 2007 High
May 29 08:31 GMT, by
USD/JPY extended its rally for another day, but at a much slower pace than before. However, the US Dollar did surge up to 124.47, almost reaching the weekly R3, but then was pushed back under the 200...
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Long Term Forecasts
Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by
The expected ECB QE programme will support economic activity through a number of channels and hence...
When Will the Bank of England Hike Rates?
Aug 16 08:33 GMT, by
In the first report of a two-part series on the outlook for Bank of England (BoE) monetary policy, ...
Growth in China Appears to Be Stabilizing
Jul 19 08:05 GMT, by
The year-over-year rate of real GDP growth in China edged up to 7.5 percent in Q2 from 7.4 percent ...
FX Forecast Update: Negative Rates and Liquidity Tools to Weaken the Euro
Jun 14 03:24 GMT, by
The ECB delivered more easing than expected at its rate meeting in June by cutting both the refi an...
AUD/USD - 2013 In Review
Jan 02 02:25 GMT, by
The Australian dollar is known for its strong volatility, and taking traders on roller coaster ride...
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