EUR/USD in a Tight Range Near 1.1370 The shared currency is trading almost unchanged vs. its American counterpart at the beginning of the week, taking EUR/USD to the 1.1370 area. EUR/USD gains capped near 1.1450 The pair has faded yesterday’s spike to fresh 2016 peaks in the mid-1...
CAD: Setting Up for March Employment Numbers – TDS Research Team at TDS, suggests that on the heels of two consecutive months of disappointing employment prints, the Canadian labour market likely recovered in March with a forecasted addition of 18k jobs...
Gold Off-Weekly Highs, USD Gains on Less Dovish Yellen Gold extends its retreat from fresh one-week tops into early Europe, although remains poised to book the second straight weekly rise. Gold ticks lower as USD index strengthens Currently, gold trades -0.24% lower at 1235...
BoJ: Pressure Mounting to Ease Further - ING Research Team at ING, suggests that the pressure has increased on the BoJ to deliver some form of stimulus at the 28 April meeting...
Asian Stocks in Red, Gold Remains Supported Above $1232 All the Asian markets are trading on a lower note on Friday. Moreover, Europe and U.S. markets were closed with major losses. Overnight Fed Chair Yellen’s speech provides no further hints regarding interest rate hike...
JPY: Time for BoJ intervention? – ING Research Team at ING, suggests that the bar for unilateral intervention remains high as far as JPY is concerned...
Time to Pick a Top in the Australian Dollar? - BBH Research Team at BBH, suggests looking for a top in the Australian dollar. Key Quotes “The low for the year was set in mid-January (~$0.6830), before the other markets turned. The MSCI emerging market equity index bottomed on January 21...
Japan's Inada: Now is Not the Time for Forex Intervention Chair of the Policy Research Council of the Liberal Democratic Party (LDP) in Japan, Tomomi Inada, said now is not the time for forex intervention...
NZD/USD Recovery Remains Confined Below 0.6800 The overnight recovery in the NZD/USD pair lost steam just shy of 0.68 barrier, and the prices drifted slightly lower thereon, as bull remain depressed by the selling in the Asian markets...
Goldman Sachs: WTI to Average $35 a Barrel in Q2 In its latest report, Goldman Sachs noted that WTI oil at $ 35 is ideal to make investments in the US explorers’ stocks. Key Headlines: Oil at $35 a barrel (WTI) is right to make shares of U.S...
Oil Rebounds in Asia on Short-Covering, Brent Flirts with $ 40 Oil benchmarks on both sides of Atlantic resumed its upside momentum in the Asian trades this Friday, reversing a temporary slide witnessed yesterday...
Asian Stocks Track Wall Street Lower, 3rd Weekly Decline Eyed The Asian equity markets slipped on the final trading day of this week, and remains poised to book third weekly drop, as sentiment soured following heavy losses seen on Wall Street overnight...
ECB Minutes: Considered Sharper Rate Cut in March European Central Bank (ECB) March policy account/minutes released today showed governing council considered a much sharper rate cut in March, but feared reaching a zero lower bound...
Should the Fed Care about Britain? – Westpac Sean Callow, Research Analyst at Westpac, suggests that this week JP Morgan Chase CEO Jamie Dimon predicted that increased volatility is here to stay...
Oil Struggles to Hold on to Gains in Volatile Trade Oil prices at both the sides of the Atlantic advanced, but struggle to keep the momentum going as investors consider the possibility of a failure of joint OPEC and non-OPEC output freeze...
GBP to Remain Better Offered - FXStreet Ross Burland, Analyst at FXStreet, suggests that as we approach the 23rd June, the pound will undoubtedly remain better offered...
AUD Rally: It’s Complicated – Westpac Sean Callow, Research Analyst at Westpac, suggests that the optimism over AUD has cooled somewhat...
US Equity Futures Drop Ahead of Yellen Speech Major stock futures in the US are trading on a softer note ahead of the weekly jobless claims data release and Fed chief Yellen’s speech. At the time of writing, Dow futures were down 65 points or 0.37%. S&P futures and Nasdaq futures were down 0...
US: Expect a Single Fed Hike this Year - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the FOMC Minutes themselves don’t tell us much we didn’t already know...
