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Market Fears Grown On Yen Intervention Threat

Yellen: Monetary policy not on a “pre-set” course Yellen: Could delay (not abandon) planned rate increases due to turmoil Yen value a concern for Abenomics? BoJ’s efforts to avoid a stronger yen are not working It has been suggested that plunging stock prices, dollar appreciation and other adverse trends have tightened financial conditions to the […]

Top trade idea for February 11th, 2016 – EURUSD

Complex correction for the eurusd pair as the move to the upside, despite the fact that it is really aggressive, it is not an impulsive move, but a corrective one. If that is the case, judging by the fact that there were little or no retracements, it means it is a zigzag family pattern and […]

What Investors Need Yellen To Say Today

Expect Fed Chair Yellen to be walking a fine line later this morning. Ms. Yellen is due to testify on the Semiannual Monetary Policy Report before the House Financial Services Committee. Her remarks will be closely monitored, especially in light of the recent increase in global economic insecurity, as investors seek some color on her […]

Yellen Testimony to Add Clarity of Central Bank Next Steps

Fed Had Forecasted 4 US Rate Hikes in 2016 Changing Macro Conditions Should Force a Revision U.S. Federal Reserve Chair Janet Yellen will testify twice during the week when she delivers the semiannual Monetary Policy Report to the House and Senate special committees. Each session will have the Fed Chief release a prepared statement and […]

Yen Safe Haven Flows Dominate Sessions

Global financial turmoil continues to influence safe-haven flows and stall the mighty USD’s 18-month climb. Global growth fears have fixed income dealers looking for clues on the FOMC’s policy trajectory. Currently, the market is unwinding bets that the Fed would tighten rates further this year. Softer U.S economic data continues to raise speculation that the […]

Canada: Building permits, December 2015

The total value of building permits issued by Canadian municipalities rose 11.3% to $6.9 billion in December, following a 19.9% decline the previous month. Higher construction intentions for multi-family dwellings in Quebec, Ontario, British Columbia and Alberta explained the advance. Construction intentions in the residential sector increased 16.3% to $4.7 billion in December, following a […]

FX Markets Continue To Debate FOMC’s Policy Trajectory

Jan-worst opening month for global equities in 7-years Feb 3-worst day for the dollar in 7-years Recent dollar move would usually be associated with a Fed policy move Is the market pricing in a policy error by Fed? Last week saw the ‘buck’s’ biggest weekly decline against the dollar index in seven-years (-3%). Even U.S […]

Week Ahead in FX – After NFP Miss All Eyes on Janet Yellen

The U.S. added Less Jobs Than Expected in January, But a Rise in Wages Boosted the USD The U.S. non farm payrolls (NFP) report published on Friday revealed a slowdown of the headline jobs number. The American economy added 151,000 jobs in January coming under the market’s forecast of 190,000. In December the economy posted […]

Canada’s Labour Force Survey, January 2016

Employment was virtually unchanged in January (-5,700 or 0.0%) and the unemployment rate edged up to 7.2%. In the 12 months to January, employment increased by 0.7% (+126,000). Over the same period, the unemployment rate rose from 6.6% to 7.2%, as the labour force grew at a faster pace than employment. There was little change […]

US Adds 151,000 Jobs, Unemployment Rate Falls To 4.9%

Job growth settled into a more sustainable pace in January and the unemployment rate dropped to an almost eight-year low of 4.9 percent, signs of a resilient labor market that’s causing wage growth to stir. The 151,000 advance in payrolls, while less than forecast, largely reflected payback for a seasonal hiring pickup in the final […]

Top trade idea for February 5th, 2016 – EUR/JPY

The European Central Bank versus the Bank of Japan – who will win? Both are pursuing a “competitive devaluation” strategy through monetary stimulus, both desperately need the boost a lower currency can deliver to their respective economies. Over the last 7 months, the ECB has the edge, but that may change very soon. The BoJ […]

5 Things The Markets Are Talking About

Stocks are down, euro area PMIs drop and China’s new growth target. Here are some of the things people in markets are talking about today. 1. Stocks are down Markets in Asia dropped overnight with Japan’s Nikkei 225 Stock Average closing 3.2 percent lower after Nomura Holdings Inc.’s earnings disappointed. In Europe, the Stoxx 600 […]

Euro-Area Unemployment Falls

Euro-area unemployment decreased to a new five-year low in December, an unexpected bit of good news as the European Central Bank considers increasing its monetary stimulus next month to stave off deflationary threats. The region’s jobless rate decreased to 10.4 percent from 10.5 percent in November, the European Union’s statistics office in Luxembourg said on […]

5 Things The Market Is Talking About

Cruz and Clinton triumph in Iowa, BP profits plunge and euro area unemployment falls. Here are some of the things people in markets are talking about today. 1. Iowa Hillary Clinton emerged victorious in the closest ever Iowa Democratic caucus, with her 49.9 percent to Bernie Sander’s 49.5 percent enough to ensure a win even […]

Top trade idea for February 1st, 2016 – EUR/USD

Trading opportunities for currency pair: the euro/dollar has slid to the trend line. From here we could see a bounce since Monday’s movements usually go against Friday’s. The bounce level will tell us how the sellers are set up. A growth to 1.0938 means we should prepare for a break through 1.0985 and then 1.1025. […]

Week in FX BOJ Shock to Pressure Central Banks

The Bank of Japan Cut Interest Rates into Negative Territory Putting Other Central Banks on the Spot The Bank of Japan (BOJ) announced that it would apply a negative 0.1 percent rate to excess reserves starting February 16. The policy decision is a token as it would only apply to a limited set of funds, […]

FED And RBNZ Done, Now Focus On BoJ

Global indices trade mixed as investors continue to digest yesterday’s Federal Open Market Committee (FOMC) policy statement while preparing for tomorrow’s Bank of Japan (BoJ) announcement. Thus far, Ms. Yellen and company seems to have navigated successfully through some difficult objectives. The Fed had a somewhat tough task of acknowledging global market turmoil since last […]

Fed: What to Do Or Say?

A Federal Open Market Committee (FOMC) rate announcement would usually be the highlight of any week. But this go around, it’s looking to play second fiddle to the Bank of Japan (BoJ). The Fed is expected to stand pat come Wednesday, while the BoJ decision on Friday may announce another round of monetary stimulus. With […]

Week Ahead in FX – Fed Expected to Hold as Central Bank Rhetoric on the Rise

The BOC and ECB delivered no action but their words stabilized Markets Central banks continue to dominate the FX market and prime examples of that were the interventions of the Bank of Canada (BoC) and the European Central Bank (ECB) this week. Both held rates at historic lows and let the person in charge deliver […]

Week Ahead in FX Bank of Canada to Stabilize Loonie

The Bank of Canada and the European Central Bank Rate Announcement are the Highlights this Week in FX The USD closed the week by dropping against the JPY and the EUR. The paradoxical situation with consumer confidence beating forecasts and consumers not spending enough to boost sales was evident on Friday. Lower than expected U.S. […]

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