|Jul 31 15:19 GMT|
Fundamental Analysis Reports
Weekly Focus: Focus Turning to US Data
Jul 31 14:14 GMT, by
The FOMC statement suggests the Fed is not far from the first rate hike. US data is key to our call for a September Fed hike and very important for financial markets. We expect higher short-end...
Canadian May GDP Declines
Jul 31 14:10 GMT, by
May 2015 GDP surprised on the downside by falling 0.2% in the month following a 0.1% drop in April. Market expectations had been for unchanged activity in the month. This represented the fifth consec...
Will there be Another Ruble Rout?
Jul 31 13:56 GMT, by
Back in Jan/ Feb the Ruble was under attack, USDRUB reached a record high of nearly 80.00, causing intervention from Russian officials and hasty rate hikes to stem the decline in the currency. Things...
Canada: Lower Real GDP in May Supports Second Consecutive Quarterly Decline in Output
Jul 31 13:25 GMT, by
The below-consensus print for real GDP in May does not provide much room for optimism. Continued broad-based weakness, with 13 of 20 sectors posting declines, gives ongoing reason for concern. Tod...
Worst ECI Reading Since 1982 Gives Fed a Headache
Jul 31 13:23 GMT, by
The employment cost index has thrown a major spanner in the works today, following its lowest reading since 1982. While many view other metrics as holding more importance, in my view there are few mo...
US Data Eyed as Fed Hike Looms
Jul 31 11:20 GMT, by
Attention will remain very much on the U.S. economy and the Federal Reserve as we head into week and month-end. The Fed statement released on Wednesday gave few clues on the timing of the first ra...
Technical Analysis Reports
USDCHF Testing Bullish Trend Line after ECI Bombshell
Jul 31 13:59 GMT, by
We've been paying particularly close attention to USDCHF of late, as the pair rallied into Bearish Gartley pattern completion last week, prompting a 100-pip drop, before last week's historically low ...
USDJPY Strength Even After Bad Advance GDP Data
Jul 31 09:11 GMT, by
USDJPY has bounced after FED statement which clearly stated that the rate hike is inevitable after further job gains. We think it could come in September or December, but December seems more likely. ...
EUR/USD Takes A Break At 1.0930
Jul 31 08:58 GMT, by
Bears failed to push though the weekly PP yesterday, but this does not change the bearish outlook on the Euro. The ceiling is still at 1.11, while the July low at 1.0810 is the target, meaning any ra...
GBP/USD Hovers Above 1.56
Jul 31 08:55 GMT, by
The GBP/USD currency pair experienced some volatility yesterday, amid mixed US fundamental data. As a result, the Cable remained relatively unchanged, as the Sterling added only four pips against the...
USD/JPY Attempts To Preserve The Bullish Trend
Jul 31 08:54 GMT, by
The US Dollar reached a daily high of 124.60 against the Yen yesterday, but was instantly pushed back down, where it stabilised at 124.07. Although the gains were not as large as anticipated, the 124...
XAU/USD Gains Bearish Momentum
Jul 31 08:52 GMT, by
XAU/USD is under heavy selling pressure at the moment, which should be enough to take the price down to the 2010 low eventually. Once the July 20 and 24 lows are surpassed, there will be no significa...
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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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