British Pound: USD/GBP (GBP=X) Influencing Events

British Pound: USD/GBP (GBP=X) Influencing Events

British Pound: USD/GBP (GBP=X) Influencing Events The Sterling investors wait for the BOE’s Jonathan Haskel comments over the UK’s economic conditions. Haskel’s statements might find some impact on the pair laterwards as this is the only event for GBP today. The USD-specific events have occupied mainly the primary space in the event calendar than the […]

Euro: USD/EUR (EUR=X) slips as USD rebounds, Deutsche Bank eyes further losses

Euro: USD/EUR (EUR=X) slips as USD rebounds, Deutsche Bank eyes further losses

Euro: USD/EUR (EUR=X) slips as USD rebounds, Deutsche Bank eyes further losses The Euro ceded ground to a resurgent Dollar Thursday but could have a way further to fall over the coming months, according to the latest strategy note from analysts at Deutsche Bank, who advocate betting against the single currency through the summer months. Europe’s […]

Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates

Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates

Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates In what’s fast becoming a familiar theme, the Aussie weakened against all major crosses except the British pound during the session, failing to garner any support despite a further modest improvement in investor risk […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Flat, USD Flat, Crude Oil Up, Stocks Mixed Notes: Long term prospects for EUR are not bright, given the region’s soft economic fundamentals. But the news on the auto tariff delay is helping the single currency establish support at $1.1200 Growth in China’s industrial output slowed […]

Gold Price Technical Analysis: Buyers Bet on Fed Rate Cut

Gold Price Technical Analysis: Buyers Bet on Fed Rate Cut

$XAU, $GLD, $XAUUSD FLASH: Strong US economic growth and subdued inflation mean there is no strong argument for a rate hike or cut right now, though business confidence is fragile, a Fed policymaker said Wednesday. “There’s not a strong case to push rates higher when inflation is under control; there’s not a strong case to […]

Japanese Yen: USD/JPY (JPY=X) posted four straight winning weeks, possible consolidation phase

Japanese Yen: USD/JPY (JPY=X) posted four straight winning weeks, possible consolidation phase

Japanese Yen: USD/JPY (JPY=X) posted four straight winning weeks, possible consolidation phase USD/JPY is almost unchanged on Wednesday. In the North American session, the pair is trading at 109.57, down 0.03% on the day. There are no major Japanese events. In the U.S., retail sales and core retail sales both missed expectations. On Thursday, the […]

Euro: USD/EUR (EUR=X) sits at one-week low after GDP boost as trade risks weigh

Euro: USD/EUR (EUR=X) sits at one-week low after GDP boost as trade risks weigh

Euro: USD/EUR (EUR=X) sits at one-week low after GDP boost as trade risks weigh The Euro was languishing at a one-week low Wednesday after official figures confirming a pickup in the economy during the first-quarter failed to inspire a bid for the single currency, with the data coming as major banks continue to downgrade their […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Steady, Crude Oil Off, Stocks Up Notes: The FX (foreign exchange) market showed little reaction to worse-than-expected growth in Chinese industrial output and retail sales for April that underlined the need for Beijing to roll out more stimulus measures to support the world’s 2nd-largest […]

Bitcoin’s (BTCUSD) Rally Cheers Some, Worries Others

Bitcoin’s (BTCUSD) Rally Cheers Some, Worries Others

$BTCUSD Tuesday, Bitcoin (BTCUSD) hit its highest mark in 10 months, raising hopes among cryptocurrency fans of greater mainstream acceptance, but others urged investor caution. Bitcoin, which lost 75% of its value in Y 2018, has soared by 24% since Friday and more than 2X’d in price so far this year. Currently Bitcoin is trading […]

British Pound: USD/GBP (GBP=X) could dip below 1.2930

British Pound: USD/GBP (GBP=X) could dip below 1.2930

British Pound: USD/GBP (GBP=X) could dip below 1.2930 GBP could dip below 1.2930 but next support at 1.2900 could be just out of reach. Expectation for GBP to trade sideways yesterday was incorrect as it reversed quickly after touching 1.3040. While the sharp and swift drop to an overnight low of 1.2942 appears to be […]

Euro: USD/EUR (EUR=X) weakness is expected to face solid support at 1.1205

Euro: USD/EUR (EUR=X) weakness is expected to face solid support at 1.1205

Euro: USD/EUR (EUR=X) weakness is expected to face solid support at 1.1205 Intraday risk is tilted to the downside but expect strong support at 1.1205. EUR traded between 1.1220 and 1.1265 yesterday, close to our expected sideway trading range of 1.1215/1.1265. The rapid set-back from 1.1265 has weakened the underlying tone and the intraday risk […]

Record Number of Funds Buying Insurance Against Stocks Fall

Record Number of Funds Buying Insurance Against Stocks Fall

$DIA, $SPY, $QQQ, $RUTX, $VXX, $BAC, FLASH: Global investors’ equity allocations fell 6% in May and 34 % of fund managers have taken out protection against sharp stock market declines in coming months, Bank of America Merrill Lynch’s (NYSE:BAC) latest monthly survey found Tuesday. The proportion of investors preparing for equity falls is the highest […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

2$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Up, Stocks Down Notes: President Trump increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods, and now targets $325-B more. Middle East focus: Saudi Arabia Monday said that 2 […]

Is Euro: USD/EUR (EUR=X) rally on trade tensions sustainable?

Is Euro: USD/EUR (EUR=X)  rally on trade tensions sustainable?

Is Euro: USD/EUR (EUR=X) rally on trade tensions sustainable? EUR/USD kept a cautious upward bias on Friday. After a slow start, the pair was propelled to the mid 1.12 area as US CPI data (slightly) missed market expectations. US-German interest rate differentials initially narrowed further, but this move was partially reversed at the end of […]

Japanese Yen: USD/JPY (JPY=X) Japanese economic schedules are light as far as major economic releases are concerned

Japanese Yen: USD/JPY (JPY=X) Japanese economic schedules are light as far as major economic releases are concerned

Japanese Yen: USD/JPY (JPY=X) Japanese economic schedules are light as far as major economic releases are concerned Uncertainty over U.S.-China trade relations drove the price action last week in the Japanese Yen. It wasn’t the actual possibility that a potential trade deal would fall apart and the trade dispute between the economic powerhouses would escalate, […]

Australian Dollar: USD/AUD (AUD=X) falling back into key support level

Australian Dollar: USD/AUD (AUD=X) falling back into key support level

Australian Dollar: USD/AUD (AUD=X) falling back into key support level AUD/USD has been in consolidation mode over the past fortnight, with the pair exhibiting lower highs and largely flatlining lows during that time. We are seeing a return to that $0.6962 support level this morning, with the reaction to that level likely to prove key to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

2$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Flat, Crude Oil Mixed, Stocks Down Notes: President Trump increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods, and now targets $325-B more. The UAE said Sunday that 4 commercial vessels were […]

Japanese Yen: USD/JPY (JPY=X) Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations

Japanese Yen: USD/JPY (JPY=X) Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations

Japanese Yen: USD/JPY (JPY=X) Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations The Dollar/Yen rallied on Friday as Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations. Although a trade deal between the two economic powerhouses wasn’t reached, the price action suggests investors felt there was […]

Euro: USD/EUR (EUR=X) rejected by 50-day moving average

Euro: USD/EUR (EUR=X) rejected by 50-day moving average

Euro: USD/EUR (EUR=X) rejected by 50-day moving average The Euro-to-Dollar rate is set to begin trading around 1.1232 Sunday after rising by a quarter of a percent during the previous week, although studies of the charts suggest further upside may be increasingly difficult for the single currency to attain over the coming days.   Europe’s currency […]

British Pound: USD/GBP (GBP=X) takes cues from jobs data; USD retail sales

British Pound: USD/GBP (GBP=X) takes cues from jobs data; USD retail sales

British Pound: USD/GBP (GBP=X) takes cues from jobs data; USD retail sales The Pound-to-Dollar rate is set to begin trading around 1.3000 on Sunday after closing more than one percent lower last week, although studies of the charts suggest the outlook for the exchange rate has turned neutral of late.  Sterling still ceded ground to […]

Australian Dollar: USD/AUD (AUD=X) prices are stalling

Australian Dollar: USD/AUD (AUD=X) prices are stalling

Australian Dollar: USD/AUD (AUD=X) prices are stalling China remains gripped in a slowdown, which is bad news for Australia, as the Asian giant is China’s largest trading partner. Chinese manufacturing PMI dropped to 50.1 in April, pointing to stagnation. Building approvals swung wildly, falling 15.5% in March, after a gain of 19.1% a month earlier. […]

Euro: USD/EUR (EUR=X) recent range finally got broken on a sudden bullish spike

Euro: USD/EUR (EUR=X) recent range finally got broken on a sudden bullish spike

Euro: USD/EUR (EUR=X) recent range finally got broken on a sudden bullish spike EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). On Thursday buyers almost reached 1.1255 where lies the 50 SMA.   Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction […]

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate The USD/JPY pair closed the previous day below the 110 mark for the first time since early April yesterday and extended its slide today to touch its lowest level since the first week of February at 109.60. Following that drop, the pair staged a modest rebound […]

Australian Dollar: USD/AUD (AUD=X) very sensitive to the Chinese economic situation

Australian Dollar: USD/AUD (AUD=X) very sensitive to the Chinese economic situation

Australian Dollar: USD/AUD (AUD=X) very sensitive to the Chinese economic situation The Australian dollar has fallen a bit during the trading session on Thursday, as we continue to see the 0.70 level as an area of interest. Beyond that, there is a significant amount of support extending all the way down to the 0.68 level. This […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Down, Crude Oil Down, Stocks Down Notes: And again, President Trump has increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a Friday, and targets $325-B more.. China wants the tariffs […]

Central Banks Around the World are Buying Gold, Are You?

Central Banks Around the World are Buying Gold, Are You?

$XAU, $GLD FLASH: Central banks around the world are buying gold in near-record amounts to shore up their financial positions before the next crisis occurs. Most investors understand that gold plays a valuable role in a sound investment portfolio, but unless you are already a gold investor you likely do not know of best ways […]

British Pound: USD/GBP (GBP=X) don’t be surprised if the volatility picks up

British Pound: USD/GBP (GBP=X) don’t be surprised if the volatility picks up

British Pound: USD/GBP (GBP=X) don’t be surprised if the volatility picks up The British pound has fallen during the trading session on Wednesday, reaching towards the vital 1.30 level. We have broken below this level before though, so it’s not exactly an possible that we continue to go lower. In general, we obviously have the Brexit […]

Euro: USD/EUR (EUR=X) eurozone economic sentiment fell to its lowest level in more than two years

Euro: USD/EUR (EUR=X) eurozone economic sentiment fell to its lowest level in more than two years

Euro: USD/EUR (EUR=X) eurozone economic sentiment fell to its lowest level in more than two years The actual release outperformed the forecast by 0.1%. Spanish flash GDP figure exceeded estimates too. Even Italian data was quite promising – prelim GDP level was placed at 0.2% against -0.1% forecast. German prelim CPI level beat the forecast […]

Japanese Yen: USD/JPY (JPY=X) market isn’t quite ready to break out of the consolidation area

Japanese Yen: USD/JPY (JPY=X) market isn’t quite ready to break out of the consolidation area

Japanese Yen: USD/JPY (JPY=X) market isn’t quite ready to break out of the consolidation area The US dollar has fallen a bit during the Japanese yen during trading on Wednesday, reaching down towards the ¥110 level. That being said, it looks as if we are starting to find our sea legs as it were, and […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

FLASH: Gold Firmed, USD Off, Crude Oil Up, Stocks Down Notes: Again, President Trump has increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to […]

Japanese Yen: USD/JPY (JPY=X) risks lurk around each corner as geopolitical tensions ramp up on a global scale

Japanese Yen: USD/JPY (JPY=X) risks lurk around each corner as geopolitical tensions ramp up on a global scale

Japanese Yen: USD/JPY (JPY=X) risks lurk around each corner as geopolitical tensions ramp up on a global scale We had a brief scare on trade comments from Mnuchin and Lighthizer which sent the yen on a tear in early Asia, down to the aforementioned lows from a touch away from 111 the figure while markets […]

Australian Dollar: USD/AUD (AUD=X) sellers struggle to sustain momentum after touching 4-month lows

Australian Dollar: USD/AUD (AUD=X) sellers struggle to sustain momentum after touching 4-month lows

Australian Dollar: USD/AUD (AUD=X) sellers struggle to sustain momentum after touching 4-month lows The Australian Dollar turned lower anew after a brief corrective upswing against its US counterpart, as expected. Sellers have struggled to gain ground beyond reversing the relief rally from April lows however. A drop to four-month lows failed to find lasting follow-through, […]

Euro: USD/EUR (EUR=X) Firm, Dollar Softens

Euro: USD/EUR (EUR=X) Firm, Dollar Softens

Euro: USD/EUR (EUR=X) Firm, Dollar Softens A slightly busier day of economic data awaits on Tuesday. Starting off with some German industrial data we have factory orders and industrial production. This is important because of the number 1 European economies’ reliance on automobile sales. Next is the UK’s Halifax House Price Index, which while important […]

British Pound: USD/GBP (GBP=X) Stable as UK Service Sector Rebounds

British Pound: USD/GBP (GBP=X) Stable as UK Service Sector Rebounds

British Pound: USD/GBP (GBP=X) Stable as UK Service Sector Rebounds The Pound (GBP) held its ground at the end of last week after the UK’s latest services PMI confirmed the sector returned to growth in April. However growth was negligible and confirmed that the UK’s private sector only narrowly avoided stagnation last month, capping any […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Up Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to keep […]

British Pound: USD/GBP (GBP=X) should continue to see a lot of volatility, mainly due to the Brexit

British Pound: USD/GBP (GBP=X) should continue to see a lot of volatility, mainly due to the Brexit

British Pound: USD/GBP (GBP=X) should continue to see a lot of volatility, mainly due to the Brexit The British pound got rolled over a bit during the trading session on Monday, as people were concerned about the spat between the Americans and the Chinese yet again. Ultimately, this is a market that should continue to see […]

Euro: USD/EUR (EUR=X) continues to see the 1.12 level offer more selling

Euro: USD/EUR (EUR=X) continues to see the 1.12 level offer more selling

Euro: USD/EUR (EUR=X) continues to see the 1.12 level offer more selling The Euro rallied a bit during the trading session on Monday to kick the week off, but then rolled over near the 1.12 handle. This is an area where you would expect to see trouble, because it is such a large, round, psychologically significant […]

Japanese Yen: USD/JPY (JPY=X) higher as nervous investors seek safe-haven assets

Japanese Yen: USD/JPY (JPY=X) higher as nervous investors seek safe-haven assets

Japanese Yen: USD/JPY (JPY=X) higher as nervous investors seek safe-haven assets USD/JPY has continued where it left off on Friday, as the pair as lost ground on Monday. In the North American session, the pair is trading at 110.87, down 0.20% on the day. Earlier in the day, the pair touched a low of 110.28, […]

Australian Dollar: USD/AUD (AUD=X) fresh selling towards early 2016 levels

Australian Dollar: USD/AUD (AUD=X) fresh selling towards early 2016 levels

Australian Dollar: USD/AUD (AUD=X) fresh selling towards early 2016 levels The dimmed prospects of the US-China trade deal drags the AUD/USD pair to the intra-day low of 0.6965 during the early Asian session on Monday. The pair trades below 0.6980 confluence comprising 38.2% Fibonacci retracement of December – January plunge and the low of the […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Down Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods this Friday, and targets $325-B more soon. The President’s aggressive strategy drew bi-partisan support from US Senate Democratic leader […]

Euro: USD/EUR (EUR=X) Eurozone inflation is expected to climb to 1.7% in April, marking a 5-month high

Euro: USD/EUR (EUR=X) Eurozone inflation is expected to climb to 1.7% in April, marking a 5-month high

Euro: USD/EUR (EUR=X) Eurozone inflation is expected to climb to 1.7% in April, marking a 5-month high Eurozone inflation is expected to climb to 1.7% in April, marking a 5-month high. The stronger reading is a reflection of higher oil prices, which has pushed prices higher. Inflation is moving closer to the ECB target of […]

Canadian Dollar: USD/CAD (CAD=X) Market focus will be on April’s Ivey PMI

Canadian Dollar: USD/CAD (CAD=X) Market focus will be on April’s Ivey PMI

Canadian Dollar: USD/CAD (CAD=X) Market focus will be on April’s Ivey PMI It’s also a relatively busy week ahead for the Loonie. Market focus will be on April’s Ivey PMI, due out on Tuesday, trade data on Thursday and April employment figures on Friday. With the stats having been on the quieter side since the […]

Japanese Yen: USD/JPY (JPY=X) investors will still keep an eye on the BoJ minutes of the March meeting

Japanese Yen: USD/JPY (JPY=X) investors will still keep an eye on the BoJ minutes of the March meeting

Japanese Yen: USD/JPY (JPY=X) investors will still keep an eye on the BoJ minutes of the March meeting Is a U.S-China trade deal around the corner? Negotiations continue, but investors remain in the dark as to when a historic deal could be sealed. If there are clear signs that a deal is near, risk appetite […]

British Pound: USD/GBP (GBP=X) Economic data, trade talks, Brexit and monetary policy are all in focus

British Pound: USD/GBP (GBP=X) Economic data, trade talks, Brexit and monetary policy are all in focus

British Pound: USD/GBP (GBP=X) Economic data, trade talks, Brexit and monetary policy are all in focus It’s a busy week ahead. In the first half of the week, house price figures, and retail sales data will likely be brushed aside ahead of a busy Friday. On the data front, 1st quarter GDP numbers, industrial and manufacturing […]

Gold Looks Cheap in Here, Central Banks are Key Buyers

Gold Looks Cheap in Here, Central Banks are Key Buyers

$GLD, $XAU, $EUR, $USD FLASH: Gold prices could still surge 20% this year as precious-metal investors and speculators are right to believe in a bright future for the commodity. One international guru told Barron’s that he considers gold at current marks of just below $1,300 oz a “bargain.” His price target for the year is […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Flat (May Day Holiday) Notes: Investors await US employment figures due later today, which is forecast to show 185,000 net new jobs were added in April and the unemployment rate steady at 3.8% Reflecting investor sentiment in gold, holdings of SPDR Gold Trust, the world’s largest […]

Euro: USD/EUR (EUR=X) Trades Lower as Fed Reaffirms ‘Patient’ Policy Stance

Euro: USD/EUR (EUR=X) Trades Lower as Fed Reaffirms ‘Patient’ Policy Stance

Euro: USD/EUR (EUR=X) Trades Lower as Fed Reaffirms ‘Patient’ Policy Stance EUR/USD Exchange Rate Steadies Following Losses The Euro to US Dollar (EUR/USD) exchange rate is holding steady this morning after slipping from a one-week high yesterday evening following the Federal Reserve’s policy meeting. At the time of writing the EUR/USD exchange rate is virtually […]

Australian Dollar: USD/AUD (AUD=X) rebounds after sharp decline

Australian Dollar: USD/AUD (AUD=X) rebounds after sharp decline

Australian Dollar: USD/AUD (AUD=X) rebounds after sharp decline AUD/USD saw a sharp decline yesterday, bringing the pair into the 76.4% Fibonacci retracement support level. We are currently seeing a rebound from that support level and thus there is a good chance we will see further upside over the short term. A break through $0.707 would be […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Off, USD Up, Crude Oil Off, Stocks Flat (May Day Holiday) Note: USD consolidated in Asia Thursday after recovering from a brief spill overnight when markets were whipsawed by mixed messages on policy from the Fed. There was little immediate reaction to a report the United States and China were nearing a trade […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Off, USD Down, Crude Oil Off, Stocks Flat (May Day Holiday) Note: China and the United States began their latest talks in Beijing on Wednesday aimed at ending a bitter trade dispute, after US Treasury Secretary Steven Mnuchin said he had a “nice” working dinner the night before with China Vice Premier […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Down, Stocks Down Note: The quiet start to the week in global equity markets comes ahead of a 2-day meeting of the policy-setting FOMC. The committee is set to release its latest statement at 2:00p EDT (1800 GMT) Wednesday. We have now turned from sentiment where this […]

President Trump Wants Cheap Oil

President Trump Wants Cheap Oil

$USO, $OIL Saudi Arabia needs Crude Oil prices to be higher than what President Trump wants, as the Kingdom increases spending to bolster economic growth. International Monetary Fund (IMF) data released Monday show the world’s biggest Crude Oil exporter needs prices at about $85 bbl to balance its budget this year, up from a forecast […]

Buy Euro: USD/EUR (EUR=X) ahead of likely GDP surprise says Soc Gen

Buy Euro: USD/EUR (EUR=X)  ahead of likely GDP surprise says Soc Gen

Buy Euro: USD/EUR (EUR=X) ahead of likely GDP surprise says Soc Gen The Euro is a buy ahead of the publication of first-quarter GDP data, according to analysts at Societe Generale, who’re telling clients that pessimism about the single currency outlook has gone far enough just as colleagues elsewhere in the industry are abandoning earlier bets […]

Australian Dollar: USD/AUD (AUD=X) traders could also be reacting to optimistic news over U.S.-China trade negotiations

Australian Dollar: USD/AUD (AUD=X) traders could also be reacting to optimistic news over U.S.-China trade negotiations

Australian Dollar: USD/AUD (AUD=X) traders could also be reacting to optimistic news over U.S.-China trade negotiations Australian traders could also be reacting to optimistic news over U.S.-China trade negotiations. According to a New York Times report, trade talks between the U.S. and China are now in the final stages, said U.S. Treasury Secretary Steven Mnuchin, […]

Japanese Yen: USD/JPY (JPY=X) markets are closed which explains the light volume

Japanese Yen: USD/JPY (JPY=X) markets are closed which explains the light volume

Japanese Yen: USD/JPY (JPY=X) markets are closed which explains the light volume The Dollar/Yen is trading slightly higher on Monday, but volume is below average and the range is tight. The Japanese markets are closed which explains the light volume. U.S. traders face a mountain of economic data later today and ahead of Wednesday’s U.S. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Up Note: We have now turned from sentiment where this stock rally was 1 where professionals did not take part in, to a fast paced entry where hedge funds and investors are chasing markets they have been betting against. While the strong US GDP data […]

Euro: USD/EUR (EUR=X) continues falling in descending channel

Euro: USD/EUR (EUR=X) continues falling in descending channel

Euro: USD/EUR (EUR=X) continues falling in descending channel The Euro-to-Dollar exchange rate is trading at 1.1139 at the start of the new week after falling about 0.9% in the week before. The U.S. Dollar remains an outperformer in global FX with investors noting the U.S. economy continues to firmly outperform global rivals, a view confirmed […]

New Zealand Dollar: NZD/USD (NZD=X) will be primarily driven by the Employment Change and Unemployment Rate report

New Zealand Dollar: NZD/USD (NZD=X) will be primarily driven by the Employment Change and Unemployment Rate report

New Zealand Dollar: NZD/USD (NZD=X) will be primarily driven by the Employment Change and Unemployment Rate report The New Zealand Dollar was dragged lower by the severe sell-off in the Australian Dollar. A similar miss in New Zealand inflation data released earlier in April drove the chances of a Reserve Bank of New Zealand rate […]

Australian Dollar: USD/AUD (AUD=X) Near Critical Support

Australian Dollar: USD/AUD (AUD=X) Near Critical Support

Australian Dollar: USD/AUD (AUD=X) Near Critical Support The major event for the week was the release of the quarterly Consumer Price Index report and the quarterly Trimmed Mean CPI report. Australian’s headline inflation rate came in flat for the March quarter against expectations of a 0.2 percent increase. The annual rate of 1.3 percent was […]

British Pound: USD/GBP (GBP=X) U.S dollar is on a roll and the momentum could continue this week

British Pound: USD/GBP (GBP=X) U.S dollar is on a roll and the momentum could continue this week

British Pound: USD/GBP (GBP=X) U.S dollar is on a roll and the momentum could continue this week GBP/USD posted considerable losses for a second straight week, closing the week below 1.30 for the first time since February. The upcoming week is light, with four events. Here is an outlook for the highlights of this week and an updated […]

Japanese Yen: USD/JPY (JPY=X) inflation remains well below the BoJ target of 2.0 percent

Japanese Yen: USD/JPY (JPY=X) inflation remains well below the BoJ target of 2.0 percent

Japanese Yen: USD/JPY (JPY=X) inflation remains well below the BoJ target of 2.0 percent Dollar/yen posted slight losses last week.Japanese events tend not to have a significant effect on the pair, but investors will be keeping a close eye on the FOMC rate statement and nonfarm payrolls. Japanese inflation remains well below the BoJ target of […]

Being Bullish Gold and Gold Miners

Being Bullish Gold and Gold Miners

$GLD, $XAU, $USD Forbes.com recently published 3 reasons why savvy investors need to always own gold in their portfolios. Essentially, you can never play it too safe when it comes to investing. “Holding an overweight position of an unlevered asset with limited supply such as gold will offer one of the few safe havens for […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Up, Crude Oil Off, Stocks Down Notes: China, the world’s biggest buyer of Iranian oil, this week formally complained to the United States over its unilateral Iran sanctions. Crude Oil output in the United States, which turned into the world’s Top producer last year, last week edged back to its […]

Australian Dollar: USD/AUD (AUD=X) weak consumer inflation report

Australian Dollar: USD/AUD (AUD=X) weak consumer inflation report

Australian Dollar: USD/AUD (AUD=X) weak consumer inflation report Sparking the sell-off in the AUD/USD on Wednesday was a weak consumer inflation report. The consumer price index (CPI) showed that core inflation at 1.4 percent had drifted to its lowest level in at least 16 years. Furthermore, inflation has been stuck below the RBA’s 2-3 percent […]

Euro: USD/EUR (EUR=X) Target 1.11

Euro: USD/EUR (EUR=X) Target 1.11

Euro: USD/EUR (EUR=X) Target 1.11 The Euro initially tried to rally during the trading session on Thursday, but then rolled over rather significantly. We continue to see a lot of US dollar strength, for a whole host of reasons. The ECB is extremely loose and of course the economic numbers in the European Union aren’t exactly […]

British Pound: USD/GBP (GBP=X) take advantage of a low Pound

British Pound: USD/GBP (GBP=X) take advantage of a low Pound

British Pound: USD/GBP (GBP=X) take advantage of a low Pound The British pound try to rally initially during the trading session on Thursday but continues to break down. Now that we are below the 1.29 level we will be focusing on the 1.28 level underneath which is the 100% Fibonacci retracement level from the retest of […]

Japanese Yen: USD/JPY (JPY=X) longer-term money starting to come back into this market

Japanese Yen: USD/JPY (JPY=X) longer-term money starting to come back into this market

Japanese Yen: USD/JPY (JPY=X) longer-term money starting to come back into this market After the Bank of Japan basically said nothing new during Asian trading, you can see that the market has gone back and forth and still looks a bit confused as to where to go next. However, we have been in a nice uptrend […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Up, Crude Oil Mixed, Stocks Down Notes: Crude Oil output in the United States, which turned into the world’s Top producer last year, last week edged back to its record high at 12.2-M BPD, while net imports rose 900,000 BPD, EIA data showed. German business morale deteriorated in April, bucking […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Lower, USD Up, Crude Oil Down, Stocks Down Notes: The International Energy Agency (IEA), a watchdog for Crude Oil consuming countries, said in a statement Tuesday that markets are “adequately supplied” and that “global spare production capacity remains at comfortable levels.” US Secretary of State Mike Pompeo announced “that as of May 2, […]

Japanese Yen: USD/JPY (JPY=X) signs of bullish reversal

Japanese Yen: USD/JPY (JPY=X) signs of bullish reversal

Japanese Yen: USD/JPY (JPY=X) signs of bullish reversal Intraday bias in USD/JPY remains neutral for the moment with focus on 112.13 key resistance. Decisive break there will resume whole rise from 104.69 for 100 % projection of 109.71 to 111.82 and 110.84 at 112.95 first. On the downside, firm break of 111.69 minor support will […]

British Pound: USD/GBP (GBP=X) Brexit now returns to the agenda with expected volatility

British Pound: USD/GBP (GBP=X) Brexit now returns to the agenda with expected volatility

British Pound: USD/GBP (GBP=X) Brexit now returns to the agenda with expected volatility After the Easter recess Brexit now returns to the agenda with another round of volatility to be expected in these coming weeks. The pound to dollar exchange rate has struggled to gain momentum with rates falling below 1.30 for the GBP/USD pair. […]

Australian Dollar: USD/AUD (AUD=X) Support at 0.70

Australian Dollar: USD/AUD (AUD=X) Support at 0.70

Australian Dollar: USD/AUD (AUD=X) Support at 0.70 The Australian dollar fell significantly during the trading session on Tuesday, slicing through the 50 day EMA. Beyond that, we are testing the 0.71 handle, but at the end of the day I’m a buyer of the Aussie dollar. I think that we will find support underneath, given enough […]

New Zealand Dollar: NZD/USD (NZD=X) volatility could be heightened

New Zealand Dollar: NZD/USD (NZD=X) volatility could be heightened

New Zealand Dollar: NZD/USD (NZD=X) volatility could be heightened In New Zealand, the RBNZ was quite clear last month when it said the next policy change by the central bank is likely to be a rate cut. Furthermore, last week’s CPI data served as proof that the economy is weakening. Therefore, justifying the rate cut. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Lower, USD Up, Crude Oil Up, Stocks Higher Notes: US Secretary of State Mike Pompeo announced “that as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Iranian Crude or condensate.” US Treasury Secretary Steve Mnuchin told reporters trade negotiations between the […]

Mixed-to-Better News Can’t Save the Australian Dollar: USD/AUD (AUD=X)

Mixed-to-Better News Can’t Save the Australian Dollar: USD/AUD (AUD=X)

Mixed-to-Better News Can’t Save the Australian Dollar: USD/AUD (AUD=X) The Australian Dollar reacted to mixed economic news by posting a choppy, two-sided trade before setting lower for the week. The Aussie edged lower shortly after the Reserve Bank released the minutes of its April meeting that indicated a dovish tone in the policy review. The […]

Canadian Dollar: USD/CAD (CAD=X) underpinned by a surge in oil prices

Canadian Dollar: USD/CAD (CAD=X) underpinned by a surge in oil prices

Canadian Dollar: USD/CAD (CAD=X) underpinned by a surge in oil prices USD/CAD has edged lower in the Monday session. In the North American session, the pair is trading at 1.3372, down 0.14% on the day. It’s a quiet start to the week, with no Canadian events. In the U.S., there is only one release. Existing […]

New Zealand Dollar: NZD/USD (NZD=X) Pressured by Weak CPI Data

New Zealand Dollar: NZD/USD (NZD=X) Pressured by Weak CPI Data

New Zealand Dollar: NZD/USD (NZD=X) Pressured by Weak CPI Data After opening the week steady, the New Zealand Dollar took a dive on Wednesday and never recovered, finishing near its low for the week. The catalyst behind the selling pressure was weaker-than-expected consumer inflation data. The bearish news was offset slightly and temporarily by positive […]

Euro: USD/EUR (EUR=X) gains traction and advances to the mid-1.1200s

Euro: USD/EUR (EUR=X) gains traction and advances to the mid-1.1200s

Euro: USD/EUR (EUR=X) gains traction and advances to the mid-1.1200s The Euro pair may find some upward space on the back of downbeat expected US data and crude upsurge. Investors look forward to April 23 as the UK parliament will reopen after the Easter Recess. In the near term, the bears seemed to remain under […]

Japanese Yen: USD/JPY (JPY=X) looks comfortable at its recent highs however and could well push on

Japanese Yen: USD/JPY (JPY=X) looks comfortable at its recent highs however and could well push on

Japanese Yen: USD/JPY (JPY=X) looks comfortable at its recent highs however and could well push on The Japanese Yen remains on the defensive against the US Dollar with USD/JPY still quite comfortable at two-month highs. Admittedly a bit of range trading has in the past few days replaced the more obvious uptrend on the daily chart. But long Easter holiday weekends […]

British Pound: USD/GBP (GBP=X) break below 200-day required for bears to get going

British Pound: USD/GBP (GBP=X) break below 200-day required for bears to get going

British Pound: USD/GBP (GBP=X) break below 200-day required for bears to get going The Pound-to-U.S. Dollar rate is trading at 1.2993 at the start of the new week, with holiday-thinned Monday trade ensuring currency markets are witnessing low volatility. The exchange rate is however still about a half a percent lower than where it was […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Up, Stocks Down Notes: Following the Good Friday holiday, markets in Britain, Germany and France will remain closed for Easter Monday, while those in the United States will reopen. Brent and US Crude futures surged to 6-month highs on reports that US Secretary of State Mike Pompeo […]

Japanese Yen: USD/JPY (JPY=X) rises back up to key level

Japanese Yen: USD/JPY (JPY=X) rises back up to key level

Japanese Yen: USD/JPY (JPY=X) rises back up to key level USD/JPY technicals are looking increasingly bullish despite key resistance placing a temporary cap on the uptrend. The 112.20-30 level is holding just as it did back in early March, yet at the same time the pair remains in an intact 4-week uptrend and the chart’s […]

Euro: USD/EUR (EUR=X) push-lower re-testing the 1.1250 level

Euro: USD/EUR (EUR=X) push-lower re-testing the 1.1250 level

Euro: USD/EUR (EUR=X) push-lower re-testing the 1.1250 level Tomorrow marks Good Friday, meaning many western markets will remain closed, and Monday brings Easter and will see European markets remain on holiday. But ahead of the long weekend FX markets are showing as much excitement as they have so far in Q2, marked by a strong […]

British Pound: USD/GBP (GBP=X) to struggle against the US Dollar until there is Brexit clarity

British Pound: USD/GBP (GBP=X) to struggle against the US Dollar until there is Brexit clarity

British Pound: USD/GBP (GBP=X) to struggle against the US Dollar until there is Brexit clarity One positive is that at least the extension removes the threat of a no-deal scenario for the time being but until there is some longer-term clarity, I fear the Pound could struggle to make any significant impact against the greenback. […]

Australian Dollar: USD/AUD (AUD=X) advancing after a government report showed China’s economy grew more than expected

Australian Dollar: USD/AUD (AUD=X) advancing after a government report showed China’s economy grew more than expected

Australian Dollar: USD/AUD (AUD=X) advancing after a government report showed China’s economy grew more than expected The Australian Dollar is advancing on Wednesday after a government report showed China’s economy grew more than expected. The Aussie is benefitting because it often acts as a proxy for the Chinese economy. The news helped reverse some of […]

Japanese Yen: USD/JPY (JPY=X) Upbeat China Data Support Treasury Yields, Appetite for Risk

Japanese Yen: USD/JPY (JPY=X) Upbeat China Data Support Treasury Yields, Appetite for Risk

Japanese Yen: USD/JPY (JPY=X) Upbeat China Data Support Treasury Yields, Appetite for Risk Helping to boost Treasury yields and demand for risky assets is the stronger-than-expected economic numbers from China. The data confirms the economy is bottoming out, mostly due to the stimulus from the Chinese economy. The headline data shows that China’s economy grew […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Up, Stocks Up Notes: US Crude Oil inventories fell by 3.1-M bbls in the week ended 12 April to 452.7-M, compared with analysts’ expectations for an increase of 1.7-M bbl, according to data from the American Petroleum Institute (API) released Tuesday. The Organization of the Petroleum Exporting […]

Euro: USD/EUR (EUR=X) close above 1.1330 would suggest EUR is ready to tackle 1.1400

Euro: USD/EUR (EUR=X) close above 1.1330 would suggest EUR is ready to tackle 1.1400

Euro: USD/EUR (EUR=X) close above 1.1330 would suggest EUR is ready to tackle 1.1400 While we have expected EUR to “trade with an upside bias” for more than a week (see update on 04 Apr, spot at 1.1245), we were of the view that the “prospect for EUR to move to the next resistance at […]

Japanese Yen: USD/JPY (JPY=X) is expected to trade with a positive bias but 112.60 could be out of reach

Japanese Yen: USD/JPY (JPY=X) is expected to trade with a positive bias but 112.60 could be out of reach

Japanese Yen: USD/JPY (JPY=X) is expected to trade with a positive bias but 112.60 could be out of reach The ‘sideway-trading phase’ in USD that started in late March has ended as it hit a high of 112.09 last Friday before closing at a 4-month high of 112.02. The price action suggests the current USD […]

Australian Dollar: USD/AUD (AUD=X) strength could extend to 0.7210

Australian Dollar: USD/AUD (AUD=X) strength could extend to 0.7210

Australian Dollar: USD/AUD (AUD=X) strength could extend to 0.7210 We highlighted last Thursday (11 Apr, spot at 0.7170) that a “break of 0.7190 would suggest AUD is ready to tackle the Feb’s peak of 0.7210”. AUD opened on a weak note on Friday (12 Apr) before staging a robust rally that hit a high of […]

British Pound: USD/GBP (GBP=X) is expected to trade sideways within a broad range

British Pound: USD/GBP (GBP=X) is expected to trade sideways within a broad range

British Pound: USD/GBP (GBP=X) is expected to trade sideways within a broad range No change in view from last Friday, see reproduced update below. There is not much to add as GBP traded within a relatively narrow range between 1.3050 and 1.3107 and registered an ‘inside trading day’. We have held the same view more […]

Weaker USD Would Help US Workers

Weaker USD Would Help US Workers

$USD, $GLD, $SLV Experts are in a debate on just how does the average American benefit from the USD’s reserve currency status, and would the Buck’s fall from grace have a negative, or positive, impact on the livelihood of the average American worker Economist Steve Keen recently declared that average investors are over-inflating the risks […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Down, Stocks Up Notes: The Organization of the Petroleum Exporting Countries and its allies including Russia, known as OPEC+, will meet in June to decide whether to continue withholding supply. That comes after they previously agreed to crimp output by 1.2-M BPD from 1 January for 6 months. […]

Japanese Yen: USD/JPY (JPY=X) is back within its old uptrend

Japanese Yen: USD/JPY (JPY=X) is back within its old uptrend

Japanese Yen: USD/JPY (JPY=X) is back within its old uptrend The Japanese Yen has returned to the defensive against the US Dollar after a period of daily-chart strength last week, with USD/JPY well illustrating the value of Fibonacci retracement levels to technical analysis. Between April 7 and 10 the pair retreated below the uptrend channel which had previously […]

Euro: USD/EUR (EUR=X) steady after positive week

Euro: USD/EUR (EUR=X) steady after positive week

Euro: USD/EUR (EUR=X) steady after positive week EUR/USD has started the week with small gains. Currently, the pair is trading at 1.1310, up 0.10% on the day. Last week, the pair climbed 0.7%, its best week since mid-March. It’s quiet on the fundamentals front, with no major events out of the eurozone. In the U.S., […]

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