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There has become conventional wisdom among many market participants that the 27 February G20 meeting resulted in a deal among the major economies to curb USD strength, or at least to no longer seek to weaken their own currencies. ...We are sceptical that such a deal was reached by the G20...
The Australian dollar is up nearly 10 cents in the past two months as commodity prices and risk sentiment improved. But today after touching a fresh 9-month high of 0.7836 the pair almost immediately reversed and sank to 0.7733. That could be a topping sign but first, let's look at the chart...
Only a bit over two months ago, global investors were wildly risk averse and had a laundry list of concerns to fret, from low oil prices and falling equities to uncertainty about when the Federal Reserve might again be raising rates...
Pivot Points Hourly Last Updated: Apr 22, 12:04 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12719 1.1279 1.12823 1.12861 1.12894 1.12932 1.13003 USD/JPY 109.288 109.374 109.407 109.46 109.493 109.546 109.632 GBP/USD 1.42986 1.43103 1.43152 1.4322 1.43269 1.43337 1.43454 USD/CHF 0.97338 0...
Pivot Points Daily Last Updated: Apr 22, 12:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11278 1.12256 1.12598 1.13234 1.13576 1.14212 1.1519 USD/JPY 107.246 108.364 109.095 109.482 110.213 110.6 111.718 GBP/USD 1.41892 1.42718 1.42995 1.43544 1.43821 1.4437 1.45196 USD/CHF 0.9423 0.95533 0...
Firms responding to the Manufacturing Business Outlook Survey reported no improvement in business conditions this month. The indicator for general activity, which rose sharply in March, fell to a slightly negative reading in April...
The euro spiked against the dollar Thursday after the European Central Bank opted to leave interest rates unchanged, holding on to those gains as President Mario Draghi started his news conference. While its initial reaction to the news was muted, the euro quickly spiked EURUSD, +0...
In a note today, Deutsche Bank outlines 3 reasons behind maintaining its medium term bearish EUR/USD view: First, despite recent Fed dovishness, the real rate differential between Europe and the US is not signaling a large divergence in FX versus monetary policy expectations...
The main message from today’s ECB meeting was that ECB is in implementation mode, as Draghi said the ECB policies work but must be given time...
The euro and British pound were both winners of the ECB’s press conference held following the announcement of a decision to leave interest rates and policy unchanged. There were no major hints about future action that will have scared markets into action either...
The Australian dollar is forecast to outperform its trans-Tasman cousin say analysts at France’s Societe Generale. A strategy recommendation from Societe Generale suggests traders buy the Australian dollar using New Zealand dollars ahead of further rises in AUD/NZD...
EUR/USD is still attempting to break higher but continues to fail which is sending a tentative technical signal that the pair maybe in the process of topping out in the near-term, notes BTMU...
Without any surprise the ECB Governing Council decided today to keep its monetary policy stance unchanged...
EUR/USD Rejected at Stiff Resistance Zone After ECB ECB rate decision and Draghi’s press conference was a dud as expected. EUR/USD was on the rise ahead of the rate decision and extended gains to near 1.14 levels during Draghi’s presser...
Forget EUR/USD, Focus on EUR/CAD Not a lot was expected to come out of today’s ECB meeting and press conference, and so it proved...
USD/JPY: Flows Supporting Bearish Outlook - BTMU Market expectations for extra monetary easing by the BoJ have been growing in the past few days...
World Trade Up but Not Gaining Traction Yet - ING Raoul Leering, head of international trade research at ING Bank explained that after a contraction of world trade by 1.1% in January (initial figure: -0.4%), the volume of trade bounced back in February with a growth of 1.1% MoM...
USD/CHF Bounces Back Above 0.9700 USD/CHF dropped sharply during Draghi’s press conference but only to erase losses a few minutes after if finished. The pair dropped from 0.9710 bottomed at 0.9646. Then it jumped almost a hundred pips, reaching at 0.9746, the highest level since March 29...
