At its meeting next week, the FOMC is expected to do something it has not done in over a decade: cut the fed funds rate. Despite a spurt of better-than-expected economic data, policymakers at recent public appearances, particularly Fed...
EURCAD recovered slightly to the upside after it reached a fresh 22-month low around the 1.4600 psychological mark last week. However, the pair dived aggressively from the 1.4880 – 1.5210 trading range, extending bearish actions below the short-term moving...
The forex markets are generally mixed today in rather quiet trading. Dollar lacks a clear direction despite rumors that US and China trade teams are going finally meet to resume negotiations. Canadian Dollar is currently the weakest one, followed...
A Hong Kong newspaper SCMP reported today that US trade delegation will likely visit China next week, for the first face-to-face meeting since G20. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will be on the US...
European Commission spokesperson Natasha Bertaud said that EU is ready to work with "any new prime minister of the United Kingdom". Boris Johnson, who's favorite to take over from Theresa May, has repeatedly said he's prepared for a no-deal...
The EUR/USD fell noticeably on Friday as the dollar jumped after a couple of Fed officials talked down the prospects of a 50-basis point interest rate cut. New York Fed President John Williams was forced to quickly clarify that...
We expect ECB to implement more easing measures to stimulate the economy, and the timing would likely be in September. The July meeting, scheduled later this week, would be used to prepare the market further the easing package. Over...
EURAUD descended from a five-and-a-half-month high of 1.6447, over a one-month period, to break through a double obstacle of the 200-day simple moving average (SMA) and the uptrend line from Feb 2017. Price stalled just below the 1.5900 psychological...
European trading week starts on a cautious note
European shares started the week on a cautious footing, in most cases only barely higher, with caution spilling over from Wall Street over whether the Federal Reserve will cut rates by as...
According to the latest "prospect for the UK economy", NIESR said there is around a one-in-four chance that the country is already in a "technical recession". The outlook beyond the October 31 Brexit date is "very murky indeed" with...
GBP/USD traded higher and recently broke the 1.2500 resistance level. USD/CAD is consolidating in a broad range and it seems like it could rise in the coming sessions.
Important Takeaways for GBP/USD and USD/CAD
The British Pound tested the 1.2385...
Stocks pull back, oil climbs as Iran escalates tensions with UK
Dollar outperforms after Fed's Bullard downplays prospect of ‘double' cut
Big week for euro, with a crucial ECB meeting on Thursday
US equities retreat, oil rebounds after Iran...
Gold spiked to a fresh six-year high of 1,453 on Friday after closing above the 50% Fibonacci of the three-year old downleg from 1,796 to 1,046, but the market could not sustain the gains, with the price pulling back...
According to a Reuters' poll, 39 of 40 surveyed economists surveyed over the past week expect RBA to keep interest rate unchanged at 1.00% at the August 6 meeting.
By the end of the year, 13 of 40 expect RBA...
Japanese Prime Minister Shinzo Abe's ruling coalition kept a solid majority in the upper house election. He said today that "based on a stable political basis, the Abe cabinet will take more aggressive and bold economic measures than ever."
Abe...
Global equity markets have started the week on the back foot, it is in this essence that I am not convinced for a number of reasons. Basically, the global stock market has a little to celebrate especially the US...
Equity markets kicked off the week in red on Monday with risk appetite appearingto be hurt bymiscommunication from Federal Reserve. The probability of a 50-basis point rate cut by the Federal Reserve roseon Thursday after Federal Reserve Bank of...
EURUSD has been under pressure over the last three weeks as it failed several times to jump above the short-term simple moving averages (SMAs) and the 23.6% Fibonacci retracement level of the downleg from 1.1815 to 1.1106 near 1.1275.
Short-term...
It is a matter of when and how rather than if ECB will ease monetary policy. After Draghi's dovish Sintra speech, lack of improvement in growth and inflation, and comments from ECB GC members, the case for further...
Asian markets are trading generally lower today as another weak starts. Though, weakness in stocks is relatively limited. Expectations on Fed and ECB easing remain generally firm. It looks like a matter of when and how much easing only....