Bank of Canada Policy Meeting: A Bond Tapering Story
The Bank of Canada (BoC) will set its policy on Wednesday at 14:00 GMT, two days after Trudeau’s government tables its first budget in...
Fundamental Analysis
Japanese Yen Jumps as Dollar Retreats
The Japanese yen has jumped out of the gates on Monday. Currently, USD/JPY is trading at 108.02, down 0.66% on the day. The yen...
Technical Analysis
Currency Pair of the Week: GBP/USD
The UK will release jobs data for March this week. The Claimant Count Change is expected to have risen by 150,000 vs 86,600 in...
Technical Analysis
US 500 Index Ready to Elevate All-Time High
The US 500 stock index (Cash) is sustaining its bullish tone above the rising Ichimoku lines, which are nourishing the price’s attempts to steer...
Fundamental Analysis
Pound Surges, UK Job Data Looms
The British pound has soared at the start of the week. Currently, GDP/USD is trading at 1.3961, up 0.86% on the day.
Will pound break...
Technical Analysis
AUD/USD: Weaker Dollar Lifts Aussie to One-Month High
The Australian dollar spiked to one-month high vs its US counterpart on Monday as commodity currencies rose on broadly sold greenback.
Bulls penetrated daily cloud...
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Japanese Yen Jumps as Dollar Retreats
The Japanese yen has jumped out of the gates on Monday. Currently, USD/JPY is trading at 108.02, down 0.66% on the day. The yen...
Currency Pair of the Week: GBP/USD
The UK will release jobs data for March this week. The Claimant Count Change is expected to have risen by 150,000 vs 86,600 in...
US 500 Index Ready to Elevate All-Time High
The US 500 stock index (Cash) is sustaining its bullish tone above the rising Ichimoku lines, which are nourishing the price’s attempts to steer...
AUD/USD: Weaker Dollar Lifts Aussie to One-Month High
The Australian dollar spiked to one-month high vs its US counterpart on Monday as commodity currencies rose on broadly sold greenback.
Bulls penetrated daily cloud...
April Flashlight for the FOMC Blackout Period: Rapidly Strengthening Data, but Is It “Substantial”?
Summary
We do not expect any significant policy changes at the FOMC's April 27-28 meeting, or even a hint that changes may occur soon.
...
Sunset Market Commentary
Markets
The long end of the European yield curve took off where it left on Friday: rising and underperforming against the US. The EU 10y...
USD/JPY Outlook: The Dollar Falls Further, Key Supports in Focus
The dollar came under increased pressure from fresh weakness of US Treasury yields on Monday and fell to the lowest since early March.
Fresh bearish...
US Open: Stocks Consolidate at Record Highs, Earnings in Focus
US futures are easing lower after the Dow Jones & S&P 500 hit record highs on Friday. Earnings will step up a gear this...
USD Remains Near One Month Low
The USD was rather weak on Friday remaining near a month low against a basket of its peers, as the Fed reiterated its view...
Europe Hits Record Highs, US Dollar Hits Monthly Lows
Earnings, Covid boost European equities
European stocks edged ahead to fresh record highs in early trade before momentum slowed. Strong corporate earnings, the continued rollout...
Sunset Market Commentary
Markets
The long end of the European yield curve took off where it left on Friday: rising and underperforming against the US. The EU 10y...
Europe Hits Record Highs, US Dollar Hits Monthly Lows
Earnings, Covid boost European equities
European stocks edged ahead to fresh record highs in early trade before momentum slowed. Strong corporate earnings, the continued rollout...
EUR/USD Jumps On Monday
At the start of Monday's trading, the EUR/USD started a surge, which by the middle of the day had almost reached the 1.2050 mark....
Appetite For Risk Remains Strong As We Kick Off A Busy Week
Stocks and copper higher, dollar down
Cryptos attempt recovery after weekend plunge
Euro climbs to $1.20 ahead of ECB
Lots of company earnings
Sentiment...
EUR/USD Outlook: Euro Rises Above 1.20 Mark For The First Time In Six Weeks
The Euro surged through psychological 1.20 barrier and hit the highest since Mar 4 on Monday, lifted by fresh weakness of the dollar.
Today's bullish...
EUR/JPY Breakout Occurs
The Eurozone single currency has declined by 82 pips or 0.63% against the Japanese Yen since Friday's trading session. A breakout occurred through the...
EURUSD’s Selling Interest Continues Below 1.20
EURUSD failed several times in the past three days to successfully surpass the 1.1985 crucial resistance and the 1.2000 handle. The price has been...
Daily Technical Analysis
EUR/USD
Current level - 1.1951
The corrective phase for the EUR/USD continues as the pair made another failed attempt to breach the resistance level of 1.1988...
Technical Picture In The Interest Rate Markets And The FX Market Will Prevail
Markets
Markets last week showed a remarkable disconnect from a series of high-profile (US) data releases. A set of very strong US data, including higher...
EURGBP 0.8580 Possible
The euro currency looks like it may have found a meaningful price top against the British pound as the pair continues to reverse from...
Japanese Yen Jumps as Dollar Retreats
The Japanese yen has jumped out of the gates on Monday. Currently, USD/JPY is trading at 108.02, down 0.66% on the day. The yen...
USD/JPY Outlook: The Dollar Falls Further, Key Supports in Focus
The dollar came under increased pressure from fresh weakness of US Treasury yields on Monday and fell to the lowest since early March.
Fresh bearish...
USD/JPY Drops To 108.00
On Monday morning, the USD/JPY dropped below the support of the 108.63 level, which kept the rate up during the last week. This resulted...
Where Will The Current Wave Of Decline Take The Dollar?
The Dollar remains under moderate pressure at the start of the new week. The Japanese yen continues to recoup losses from the beginning of...
GBPJPY 151.00 Required
The British pound is treading water against the Japanese yen on Monday, as both currencies are starting to gain ground against the greenback. Short-term...
GBP/JPY Two Scenarios Likely
Upside risks dominated the GBP/JPY currency pair on Friday. As a result, the Great British Pound surged by 110 pips or 0.74% against the...
EUR/JPY Breakout Occurs
The Eurozone single currency has declined by 82 pips or 0.63% against the Japanese Yen since Friday's trading session. A breakout occurred through the...
USDJPY Plunges To 1-Month Trough, Indicators Hold In Oversold Zone
USDJPY is retreating below the short-term simple moving averages (SMAs) and is creating a fresh one-month low of 108.45 today. The aggressive selling interest...
Daily Technical Analysis
EUR/USD
Current level - 1.1951
The corrective phase for the EUR/USD continues as the pair made another failed attempt to breach the resistance level of 1.1988...
European Open: Japan’s Exports Blow Past Expectations
Asian Indices:
Australia's ASX 200 index rose by 14.6 points (0.21%) and currently trades at 7,078.10
Japan's Nikkei 225 index has risen by 59.63...
Currency Pair of the Week: GBP/USD
The UK will release jobs data for March this week. The Claimant Count Change is expected to have risen by 150,000 vs 86,600 in...
Pound Surges, UK Job Data Looms
The British pound has soared at the start of the week. Currently, GDP/USD is trading at 1.3961, up 0.86% on the day.
Will pound break...
Sunset Market Commentary
Markets
The long end of the European yield curve took off where it left on Friday: rising and underperforming against the US. The EU 10y...
US Open: Stocks Consolidate at Record Highs, Earnings in Focus
US futures are easing lower after the Dow Jones & S&P 500 hit record highs on Friday. Earnings will step up a gear this...
Europe Hits Record Highs, US Dollar Hits Monthly Lows
Earnings, Covid boost European equities
European stocks edged ahead to fresh record highs in early trade before momentum slowed. Strong corporate earnings, the continued rollout...
GBP/USD Trades Above 1.3915
On Monday, the GBP/USD started the week with an extension of Friday's surge. Namely, the rate confirmed previous resistance near 1.3800 as support and...
Where Will The Current Wave Of Decline Take The Dollar?
The Dollar remains under moderate pressure at the start of the new week. The Japanese yen continues to recoup losses from the beginning of...
GBP/USD Outlook: Trend Reversal Signal Expected On Break Of Nearby Key Barriers
Cable advances for the sixth straight day and hit new nearly two-week high in early European trading on Monday.
Bulls cracked pivotal Fibo barrier at...
GBPJPY 151.00 Required
The British pound is treading water against the Japanese yen on Monday, as both currencies are starting to gain ground against the greenback. Short-term...
GBP/JPY Two Scenarios Likely
Upside risks dominated the GBP/JPY currency pair on Friday. As a result, the Great British Pound surged by 110 pips or 0.74% against the...
USD/CHF Falls Below Major Support
The greenback remains underwater as US yields retreat from recent highs. Selling pressure has increased after the pair broke below the critical support at...
Swiss Franc at 6-Week High, PPI Next
The Swiss franc is drifting in the Thursday session. Currently, USD/CHF is trading at 0.9226, up 0.08% on the day.
Swiss franc continues to swell
Despite the...
USDCHF Shapes Steady Decline, Rebound Looks Feeble
USDCHF appears to have moulded a stable descent from the nine-month peak of 0.9472, a key level where the pair collapsed back in July...
Is USD/CHF Trying To Tell Us Something About DXY?
DXY and USD/CHF is known to have a positive correlation, and it’s usually a strong one. As such, when traders don’t have access to...
EURCHF Bulls Look To Overturn Pullback Below 1.1000
EURCHF has retreated to the vicinity of the 50-day simple moving average (SMA) after fading under the formed support around the 1.1000 mark, which...
European Open: China’s Imports Rise, CPI Up Next
Whilst China's exports missed expectations, imports rose an impressive 38.1% YoY to show demand from the world's second largest economy is also on the...
USD/CHF Retreats To Major Support
The US dollar is treading water as traders await inflation data which would dictate the next movement.
The greenback has fallen back to test the...
USD Prepares To End The Week Lower
The greenback seems poised to end the week lower against a number of its counterparts, in one of the worst weeks of the year....
CHF/JPY 4H Chart: Reveals Narrow Channel
The Swiss Franc has edged higher by 1.18% against the Japanese Yen since April 1. The currency pair revealed a narrow ascending channel pattern...
CAD/CHF 4H Chart: Decline Likely To Continue
The Canadian Dollar has declined by 2.32% against the Swiss Franc since April 1. The currency pair breached the 50– and 200– period SMAs...
Bank of Canada Policy Meeting: A Bond Tapering Story
The Bank of Canada (BoC) will set its policy on Wednesday at 14:00 GMT, two days after Trudeau’s government tables its first budget in...
USD Remains Near One Month Low
The USD was rather weak on Friday remaining near a month low against a basket of its peers, as the Fed reiterated its view...
Will Canada’s Budget Affect Canadian Dollar?
The Canadian dollar had a quiet week, as the currency continues to trade close to the 1.25 level. In the European session, USD/CAD is...
USD/CAD Decline Likely To Continue
The US Dollar has declined by 80 pips or 0.63% against the Canadian Dollar since last Friday. The currency pair breached the support level...
Week Ahead: Geopolitical Tensions Resurface, ECB, BOC, and NFLX Report
The next hint of market direction may come from somewhere unexpected
Last week the headlines were about continued economic strength on re-openings in richer countries...
Week Ahead: Bank of Canada to Reduce Purchases; Global Economic Recovery to Pickup
The global economic recovery is gaining momentum as the world’s two largest economies continue to deliver robust economic readings. China’s economy grew 18.3% in...
Weekly Economic & Financial Commentary: More Evidence of Economic Recovery
U.S. Review
More Evidence of Economic Recovery
Data released this week continue to show that the economic recovery is gaining momentum. The much anticipated consumer...
The Weekly Bottom Line: Federal Budget Headlines The Week Ahead
U.S. Highlights
Headline inflation jumped in March, but it's too soon to sound the alarm. Economic slack is still high, inflation expectations benign, and...
Week Ahead – BoC Set to Taper, ECB Unlikely to Rock Euro
It will be an exciting week for financial markets, with two major central bank meetings and a storm of economic data to keep traders...
Forward Guidance: Canada’s Policy Makers to Take Center Stage Next Week
Next week will be a big one for policy announcements with the Federal Government set to table its first Budget in two years on...
AUD/USD: Weaker Dollar Lifts Aussie to One-Month High
The Australian dollar spiked to one-month high vs its US counterpart on Monday as commodity currencies rose on broadly sold greenback.
Bulls penetrated daily cloud...
USD Remains Near One Month Low
The USD was rather weak on Friday remaining near a month low against a basket of its peers, as the Fed reiterated its view...
AUD Hits 1-Month High, RBA Minutes Ahead
The Australian dollar has started the week on a high note, as the US dollar is broadly lower on Monday. AUD/USD is currently trading...
AUD/USD Bounces Off Support
The Australian Dollar has declined by 45 pips or 0.58% against the US Dollar since Friday's trading session. The currency pair tested the lower...
Cryptocurrences Attempts To Rebound After Double-Digit Losses
The Japanese yen strengthened against the US dollar after impressive data from the country. According to the statistics office, Japan’s exports rebounded in March...
Commodities Back the Aussie Bounce
AUD/USD finally broke out last week, trading above 0.7700 for the first time since 23 March. The jump occurred amid a broad-based fall in...
Market Morning Briefing: Aussie Is Stable Within 0.77-0.7765
STOCKS
Dow has risen well above 34000 and has potential to test 35000. The corrective fall that we have been expecting is not happening. DAX...
Week Ahead: Bank of Canada to Reduce Purchases; Global Economic Recovery to Pickup
The global economic recovery is gaining momentum as the world’s two largest economies continue to deliver robust economic readings. China’s economy grew 18.3% in...
Week Ahead – BoC Set to Taper, ECB Unlikely to Rock Euro
It will be an exciting week for financial markets, with two major central bank meetings and a storm of economic data to keep traders...
Cliff Notes: Both Stimulus and Sentiment are Key to the Global Recovery
Key insights from the week that was.
Australian consumers’ confidence in the economy went from strength to strength in April, our Westpac-MI consumer sentiment survey...