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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 […]

Gold Climbs to 3-Month Highs, Pushes Past $1150

Gold has posted further gains on Thursday, as the metal trades at a spot price of $1151.88 an ounce in the North American session. In economic news, US Unemployment Claims disappointed, climbing to 285 thousand. Manufacturing numbers were a mix, as Preliminary Unit Labor Costs posted a strong gain of 4.5%, well above the forecast. However, US Factory […]

USD/CAD – Loonie Erases January Losses Ahead of Employment Data

The Canadian dollar rallied versus its American counterpart on Thursday as disappointing data continues to hurt the USD. U.S. unemployment claims recording a rise of 8,000 applications for 285,000 last week when only 2,000 was forecasted. The rise in the number of claims joins both purchasing managers indices (PMI) manufacturing and non-manufacturing, which are leading […]

5 Things The Markets Are Talking About

Credit Suisse shares plunge, oil’s wild ride and it’s Bank of England decision day. Here are some of the things people in markets are talking about today. 1. Credit Suisse plunge Shares in Credit Suisse Group AG dropped to their lowest level since 1991 after the bank posted a loss of 5.8 billion Swiss francs […]

Great Unwind-‘Long’ Dollar Positions Recalibrate

The mighty dollar has been the darling of the forex market for 18-months now, mostly on rate differentials. But has the Fed got it right? So far this year, and after the first Fed rate hike in nine-years last December, the U.S fixed income market continues to price in a Fed policy error. Dealers see […]

Top trade idea for February 4th, 2016 – EURNZD

The eurnzd cross is forming an interesting pattern here that resembles a pennant so far and the beauty of it is that it comes after a so-called truncated zigzag that needs to be retraced minimum 80% and most of the times the retracement level exceeds 100%. That being said, we want to stay on the […]

Gold Posts Strong Gains on Weak Services PMI

Gold has posted strong gains on Wednesday, trading at a spot price of $1139.53 an ounce in the North American session. In economic news, ADP Nonfarm Payrolls slipped to 205 thousand, but beat expectations. ISM Non-Manufacturing PMI fell to 53.5 points, missing the forecast. We’ll get a look at Unemployment Claims on Thursday. Gold continues to […]

USD/CAD – Loonie Rises as US Data Takes Down USD

Disappointing Data Questions Fed Decision to Hike as USD Tumbles The loonie is rising today thanks in no small part to two factors. The softer ISM Non-manufacturing data has slowed down and missed expectations at 53.5. The price of oil continues to rise as Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC are teasing […]

China To Loosen Foreign Capital Flow Rules

People’s Bank of China (PBoC plans to relax rules of withdraw of QFII funds PBOC also to loosen rules on when QFII funds enter the country China’s central bank plans to loosen rules on when foreign investors can bring money in and out of the country, according to people with direct knowledge of the matter. […]

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 […]

Top trade idea for February 3rd, 2016 – GBP/USD

So weak has been the dollar this week that even the GBP/USD has managed to regain its poise. Clearly, traders are no longer expecting the US Federal Reserve to embark on an aggressive tightening cycle after the central bank had hinted in December at several more interest rate rises when it increased rates for the […]

USD/CAD – Loonie Under Pressure as Oil Tumbles

Mondays CAD decoupling from the price of oil proved to be a mirage. With both West Texas and Brent crude falling by more than 4 percent the Loonie lost ground versus the USD in the Tuesday trading session. The price of oil got a temporary reprieve after rumour circulated (and where fanned by official comments) […]

RBA Maintains An Easing Bias, But With Upbeat View

The Reserve Bank of Australia left rates on hold at +2.00% as widely expected, noting reasonable prospects for continued growth in the economy, with inflation close to target. The RBA retained its view that “low inflation may provide scope for easier policy” but was also more upbeat on domestic economy, “stating expansion in the non-mining […]

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 […]

US Crude Dips as US, Chinese Mfg. Numbers Falter

US crude has started the new trading week with losses, as March futures are trading at $31.88 a barrel in the North American session. Brent crude futures are currently trading at $34.68 per barrel. In economic news, ISM Manufacturing PMI dipped to 48.2 points, and Chinese manufacturing reports also pointed to contraction. Elsewhere, US Core PCE […]

Gold Higher on Soft US Manufacturing Report

Gold has posted gains on Monday, trading at a spot price of $1126.84 an ounce in the North American session. On the release front, US Core PCE Price Index came in at 0.0%, while Personal Spending posted an identical reading. In the US, ISM Manufacturing PMI dipped to 48.2 points, short of the estimate. Gold has […]

Europe’s Biggest Exchange Warns `Brexit’ May Spur London Exodus

Bats Global Markets Inc., which runs U.S. and European stock markets, warned in a filing that a withdrawal by Britain from the European Union, or “Brexit,” could damage the London business climate enough to drive some or all the company’s operations out of the U.K. U.K. Prime Minister David Cameron has pledged to hold a […]

February Is An “Air Pocket” For Central Bankers

Feds normalization path complicated by the actions of other CB’s Saudis deny report of coordinated output cut Investors will have to go it alone this month. Despite February being the shortest calendar month of the year it could feel a rather long one with no directional guide from any of the major central bankers (the […]

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. […]

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