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EUR/USD – Strong German Business Report Fails to Lift Euro

EUR/USD is showing little movement on Wednesday, following sharp losses in the Tuesday session. The pair is trading at 1.1150. On the release front, German Ifo Business Climate improved to 107.7 points, beating expectations. In the US, we’ll get a look at Goods Trade Balance and Crude Oil Inventories. On Thursday, the US releases durable good […]

Dollar Moves Handcuffed To Fed Talk

Five things the markets are talking about With “hawkish” Fed rhetoric remaining equities biggest hurdle, coupled with ‘little’ new U.S economic data, the end of the North American earnings season, and significant event risk in the coming month has investor sentiment shifting cautiously in favor of “wait and see.” This approach continues to have a […]

Week Ahead in FX – Fed Minutes Put June Rate Hike Back in Play

Hawkish FOMC Minutes and Strong Data Boost USD The biggest surprise of the trading week came from an unlikely source as the minutes from the April 27 Federal Open Market Committee (FOMC) meeting were published. The notes are published three weeks after the release of the statement and many say it is an outdated practice […]

U.S Data Supports New Fed Fund Odds

Five things the markets are talking about Recent data would suggest that the U.S. economy is stabilizing, despite the tough winter. Reports released yesterday showed a pickup in U.S industrial output, continued momentum in the U.S housing sector and firming inflation, all point to stronger growth in Q2. If we add this to mix of […]

Oil, China Dominate Dollar Proceedings

Five things the markets are talking about Investors are beginning this holiday shortened trading week trying to avoid making any major moves given a lack of fresh trading cues. Markets are closed in Germany, Denmark, Austria, Switzerland and Norway (Whit Monday). While bank holidays are been observed in a number of others (France included). This […]

Market, Not Fed, Caught Behind The Curve

Five things the markets are talking about. A week of consolidated trading is finally coming to an end. It has been difficult for speculators without much market guidance. This week in particular, trading sentiment has been ‘to-and-fro’ due to a lack of market conviction as to whether the sub-par global economic growth scenario is positive […]

USD Hopes to Survive Friday 13 Retail Sales Data

Consumer Spending Has Been Weak But Forecast Calls For Growth The U.S. dollar is losing momentum ahead of the release of retail sales data on Friday, May 13 at 8:30 am EDT. The economic indicator has more than once killed greenback rallies in the past. The total value of retail sales in the U.S. is […]

Brexit, Brazil and BoJ Dominate Markets

Five things the markets are talking about Foreign exchange markets are expected to remain quiet until Friday when the U.S. is scheduled to release retail sales figures, key economic data that should trigger movement among the major currency pairs. However, sterling could be the exception, albeit for a brief period this morning, as today is […]

Pound Slides On Disappointing U.K Industrial Output

The pound weakened for the first time in three days versus the euro as a report showed U.K. industrial production grew less in March than analysts forecast, adding to signs that Britain’s economy is suffering as it heads toward a referendum on its membership of the European Union. Sterling fell against most of its 16 […]

Top trade idea for May 11th, 2016 – EUR/JPY

The EUR/JPY may have formed a reversal pattern at around 121.70-122.00 area at the end of last week. Price action has been bullish since, with some key short-term resistance levels broken down. However, there has been no confirmation of the reversal yet as the major bearish trend lines are still intact and the daily moving […]

Greek Bond Yields Drop Below 8 Percent

Greece’s 10-year bond yields fell below 8 percent for the first time in over six months on Tuesday after euro zone finance ministers offered debt relief to the country from 2018. In what appears to be a compromise between Germany, which does not believe Greece needs additional debt relief, and the International Monetary Fund, which […]

NFP Fallout Supports Dollar For Now

Five things the markets are talking about. Historically, the first trading session after a non-farm payroll (NFP) print tends to be the least volatile day of the month, and today’s opening session, thus far, is holding true to that statement. From an economic fundamental viewpoint, the next couple of trading sessions are rather anticlimactic when […]

Week Ahead in FX: USD Rally Stops After Disappointing Jobs Report

The US Added Less Jobs Than Expected in April After a Soft Employment Data Week The dollar lost upward momentum after the U.S. non farm payrolls (NFP) report showed a gain 160,000 jobs after a forecast of 205,000 jobs. The U.S. unemployment rate remained at 5 percent and in a positive note the hourly wages […]

Dollar Bulls Need A Solid NFP

A strong U.S. jobs report today could set the tone for a dollar revival this month. Year to date, the buck’s overall weakness would suggest that many of the speculative “long” dollar positions, built mostly on rate differentials, are now much lighter. If so, this would indicate that market condition are favourable for a data-led […]

Top trade idea for May 6th, 2016 – EUR/GBP

The Euro has lost upward momentum against the Pound in recent weeks. This is creating what’s shaping up to be a classic distribution style pattern at the top of a strong uptrend. The slow stochastic in the box below the weekly chart is now trending down strongly out of the overbought zone. This confirms the […]

USD Rally Awaits Employment Report

The Dollar has Rebounded despite mixed economic indicators The U.S. dollar is heading towards the Friday morning release of the U.S. non farm payrolls (NFP) report with a strong rally that was not slowed down by the lower than expected ADP private payrolls report and higher unemployment claims this week. The ADP non-farm employment change […]

FX5: Dollars Demise Dismissed For Now

Five things the markets are talking about. Trading yesterday was not for the faint of heart. Global markets were shaken by continued weak growth readings in China and Europe coupled with the Reserve Bank of Australia (RBA) surprise decision to lower rates. The various asset price moves were complemented by a significant reversal to the […]

Dollar’s Demise Highlighted By Pound’s Move

Five things the markets are talking about It was an eerily quite North American trading session yesterday, influenced by a number of the major trading centers engaged in holiday activities. In North America, market volumes were reported on the light side, and this despite U.S. factory activity slipping in April. The same cannot be said […]

Tokyo Slides On Stronger Yen

A 3-percent drop in Japanese shares and weakness in the banking sector kept financial markets on edge on Monday, although stock markets in both Europe and the United States were on track for some minimal gains. With trading thinned by holidays in London and a number of Asian countries, a solid showing for manufacturing sentiment […]

FX5: New Highs For Gold And Yen As Dollar Struggles

Five things the markets are talking about. It’s a bank holiday shortened trading week for some (China, Singapore, Taiwan, U.K and Ireland), but for others it’s expected to be a busy week. The Reserve Bank of Australia meets this coming week – no change in the overnight rate is expected, nevertheless, the odds have fallen […]

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