Real interest rate support for the dollar has significantly eroded in recent months as US real rates have fallen in absolute terms and relative to those of other major economies...
We will continue to monitor comments from policymakers, especially Finance Minister Aso and Mr Asakawa, to assess the likelihood of FX intervention...
JPY has been the biggest beneficiary from the recent USD-selloff among the major currencies. Several factors seem to have contributed to the rally on the flow side. Hedging flows from the Japanese exporters likely intensified when USD/JPY broke below the corporate budget rate at around 118...
Analysts at BBH have assessed the recent stance by the Russian central bank. “Russia’s central bank tilted a bit more dovish. GovernorNabiullina said an improving inflation outlook will allow the bank to undertake steeper monetary easing without putting financial stability at risk”...
Fed officials from different camps speak ahead of Friday's Wall Street open, and they could make some waves in already seasick markets. "Market nerves are starting to get a little frayed right now. You can see it in the risk markets," said Ward McCarthy, chief financial economist at Jefferies...
GDP is roaring, and the labour market seems to joining the party. Employment surged by 41K in March, driving a two-tick drop in the unemployment rate to 7.1...
USD/CAD Tanks to Lows Near 1.3000 on Data The Canadian dollar is now rapidly appreciating vs. its American neighbor, dragging USD/CAD to test lows near the psychological support at 1.3000 the figure...
Over recent weeks, the EUR moved moderately higher, while the JPY accelerated sharply, with USDJPY now nearing our USDJPY 105 year-end target...
When the red Alligator's line was crossed, we have closed an order to buy #EURUSD. At the moment, we have some pending orders in the pair. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
We fixed a result of our short position in #USDJPY at 109.06. Currently, we have no open positions, but have a good point to enter the market. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Further Consolidation Seen in NZD/USD – UOB The research team at UOB Group sees the pair extending its rangebound pattern in the next weeks. Key Quotes “While the initial NZD strength held below 0.6870 as expected, the subsequent sharp drop from the high of 0.6864 was unexpected...
XAU/USD: If the US Fed Increases Interest Rate in June Investors’ risk aversion, amid the decline in prices of oil since the end of March and uncertainty of economic situation in the world, has triggered the rise in demand of the Yen and gold...
USD/CAD Turned to Neutral Near Term – Scotiabank Eric Theoret, FX Strategist at Scotiabank, noted the neutral outlook for the pair in the short-term horizon...
Analytical Review of the Currency Pair GBP/USD Technical data of the currency pair: Previous closing: 1.4057; Daily range: 1.4049-1.4080; Opening: 1.4057...
EUR/USD Stuck Around 1.1360, Fedspeak Eyed The common currency keeps the negative tone at the end of the week, with EUR/USD meandering the 1.1360 area. EUR/USD focus on Fedspeak The pair has quickly faded the bullish attempt to daily tops around 1...
AUD/USD Seen Slipping Towards 0.7475/80 – UOB Analysts at UOB Group noted the Aussie dollar could grind lower to the 0.7475/80 band in the near term. Key Quotes “The price action is line with our view wherein we expect the current pull-back in AUD to extend lower to 0.7475/80”...
As for the euro, EUR/USD is stuck in a broad range that doesn’t look to me anywhere near ready to break. In the spirit of looking at real yields, I’ve plotted EUR/USD against the Bund/Treasury real yield differential, currently 104bp...
