Markets have hit a reflection point on central banks' reflation trade. Perhaps reflation is not the correct term since policy makers are not waiting for inflation to reach satisfactory levels but rather are using the solid economic outlook to unwind extreme policy measures...
The opening of the G20 meeting today will most likely be completely sidelined by financials since, as usual, no key decision will be taken there. Maybe we’ll get some action should Donald Trump make another incredible declaration that only he knows how to make...
After testing the 113 handle in the early NA session, the USD/JPY pair started to retrace its losses on the back of better-than-expected non-manufacturing business activity reports from the U.S. At the moment, the pair is trading at 113.25, only a few pips below its opening level...
The wires continue to push rising geopolitical tensions and for good reason. Between the US Ambassador to the UN Nikki Haley's harsh warning to countries enabling trade with North Korea and US President Trump’s aggressive tweets against China, it feels as if rhetoric has reached a new high...
Here’s the market outlook for this month: Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bearish From a high of 1295...
Analysts at Nomura explained that the bottom line is that the coming months will be pivotal for markets. Key Quotes: "In recent weeks, we have suggested USD/JPY could face significant downside pressures...
EUR/USD spiked higher after the release of the FOMC minutes but it quickly tuned to the downside, trimming recent gains. The pair rose to 1.1355 immediate after the release but now is trading near the 1.1320 area, moving toward daily lows. Earlier today the pair bottomed at 1...
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The Gold price is on its way down and has reached its weakest level since the 10th of May. Selling pressures seem none-the-less to fade around $1220. The North Korean missile launched into Japanese waters yesterday barely boosted the precious metal for the time being...
It has been a relatively light week in terms of economic data so far and investors are desperately looking for drivers. After falling as much as 2%, the dollar index got some colours back this week amid building expectations for monetary tightening from the Federal Reserve...
BoJ last month stated that inflation expectations remains in “weakening phase”, there would appear to be good reason behind Governor Kuroda recent statement that it was “too soon to discuss an exit plan”, according to Jane Foley, Senior FX Strategist at Rabobank...
The Swiss franc is still trading below 1.10 against the single currency despite short-term bullish pressures on the pair. We believe that there is at the moment two major reasons that are pushing the euro against the Helvetic currency...
As expected, the Reserve Bank of Australia kept its cash rate unchanged at 1.50%. Despite the widely-held view for no change, there was still a level of disappointment that the RBA refrained from discussing “normalisation” or offering a hawkish lean...
The AUD/USD pair remained under some selling pressure through European trading session and dropped session low near mid-0.7600s, albeit has managed to recover few pips thereafter. Investors now seemed to have realized that the greenback selling might have been overdone in the near-term...
The global wave of populism has finally reach Japan’s shores. In an historic upset, Tokyo Governor Yuriko Koike's Tokyo Citizens First Party and its partners won a clear victory at Sunday’s Tokyo Metropolitan assembly election. The political party, practically unknown outside of Tokyo...
After a painful week, the US dollar started the week on the front foot, extending gains against most of its peers. The dollar index tumbled 2% last week amid a sharp appreciation of the single currency (+2.07%), the loonie (2.34%) and the pound (+2.41...
USD/JPY has suffered a slight setback in the early hours of Monday trade, with the exchange rate reaching a session low of 112.10 from 112.42 NY close last Friday, before an attempt to recover its footing and fill the gap, last at 112.30...
AUD/USD clocked a low of 0.7673 after the data released in Australia showed the building permits in May tanked 5.6% m/m. The drop was way bigger than the expected -1.3% print. China Caixin PMI showed the manufacturing activity returned to expansionary territory in June...
