According to research conducted by the Bank of England, Sterling has been “fashionable” and has driven movements in G-10 FX five times since the start of the Global Financial Crisis . In the year to date, Sterling has already weakened significantly versus the major currencies...
U.S. fifty dollar bills are run through a counting machine inside a currency exchange store in Mexico City, Mexico. The dollar is flexing its muscles again, now that Fed officials are suggesting a rate hike may come sooner rather than later...
The problem with introducing a tax on currency transactions in China: It’s probably too late. Taxing foreign exchange transactions – sometimes known as a Tobin tax – aims to limit short term currency transactions by making them more costly...
The angst generated in international circles by global currency wars was on full display this week, after it was revealed US Treasury officials had "expressed concern" the Reserve Bank of Australia had tried to talk down the local currency...
Despite Federal Reserve Chair Janet Yellen’s cautious tone on price data, our economists expect a steady uptrend in inflation and see a strong argument for the Fed to overshoot the 2% inflation target...
USD/CAD has seen a dramatic reverse in fortunes over then past 48 hours and has undergone a sharp rally since basing at the March 18 lows. USD/CAD has undergone a sharp rally since basing at the March 18 lows...
The pound is on the rise today and has just run to a new high of 1.4140. It did virtually nothing after the retail sales so we can't finger that as a reason. The mid-1.40's has developed into decent looking support. I had 1.4040/45 pegged but we've it slightly higher at 1.4050. 1...
Another interest rate increase “may not be far off” with the U.S. economy performing much as expected in 2016, St. Louis Fed President James Bullard said Thursday...
The USD/JPY is hovering at around ¥112-113, but downside risk remains prevalent and a breach of 110 over the coming 3 months seems likely, says Deutsche Bank. "We remain vigilant against downside risk in the USD/JPY over the next three months once the autonomous comeback in risk markets ends...
We continue to sale #GPBUSD. The result of the position opened at 1.4364 has already exceeded two figures of #profit. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
We are holding the short position in #Gold. Among signals to add we should specify bars of the "red zone." The value of the red Alligator's line is at 1242.64. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
The US dollar has one more round of fight left in it. But its bull run has been tiring for a while now and, after a final bout of strength mid-year, the greenback will hit the mats versus a range of other currencies...
The 23rd of March marked a milestone in that we are now three months away from the EU referendum. The countdown has begun. The GBP has traded heavily in recent sessions, as the mild “risk-off” tone and heightened political uncertainty have weighed on the GBP to USD exchange rate in particular...
Pullbacks in the pair remain buying opportunities, reiterated Strategist at Westpac Robert Rennie. “This week’s weaker than expected Japanese PMI adds to the sense that the industrial sector in Japan is doing it tough”...
With the dollar on the wane and oil on the gain commodity Dutch lender ABN Amro have had to scratch out recent foreign exchange forecasts and make some notable changes...
USD/JPY Trims Gains as Weak Data Overshadows Hawkish Bullard Disappointing durable goods released the US made sure USD/JPY trimmed gains despite NY Fed’s Bullard view of a possibility of an early rate hike. Rejected at 113.00 Stop clocked a high of 113.00 earlier today before backing off to 112...
EUR/USD Keeps the Red Post-US Data The European currency keeps the negative note vs. its American peer on Thursday, taking EUR/USD to the 1.1160/65 band for the time being. EUR/USD muted on US releases Spot kept the composure after US Durable Goods Orders have contracted less than expected 2...
It appears that rising Fed rate expectations to the benefit of the USD have been lowering investors’ demand for risk assets. With several Fed members confirming this week that two more hikes this year seem reasonable and as markets still under-price such a scenario caution remains warranted...
