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Monitoring resistance area. (By Yann Quelenn ) • USD/JPY is now monitoring resistance area around 111. Strong support is located at 107.32 (08/09/2017 high). Expected to show further...

Surging. (By Yann Quelenn ) • GBP/USD is consolidating lower. The pair has broken hourly resistance at 1.3329 (13/09/2017 high). Strong support is given at 1.2774...

Consolidation. (By Yann Quelenn ) • EUR/USD lies in a bullish trend despite ongoing consolidation. Hourly resistance can be found at 1.2092 (08/09/2017 high) while hourly...

Next week's highlight will likely be Friday's global releases of the purchasing managers' indices (PMI) for September. CIO is looking for confirmation of the solid global economic growth trends seen so far this year. CIO will also watch closely Canadian inflation data on Friday...

Natural disasters create a great deal of human suffering. While we are still grappling with the immediate costs of Hurricanes Harvey and Irma, Global Chief Economist Paul Donovan takes a look at the longer-term consequences...

The Central Bank of Russia will decide about its key rate today. There is a significant likelihood that the central bank lower its key rate to 8.5%. In July, the CBR decided to remain on hold, markets expectations for a rate cut are now strong...

The US dollar got a fresh boost yesterday after the release of better-than-expected inflation report. The headline CPI gained 1.9%y/y, against median forecast of 1.8%, up from 1.7% in July. The core gauge also beat expectations of 1.6% by rising 1.7%y/y...

It has been on a bumpy road since the beginning of the week as investors reacted to various events ranging from the latest progress made on the Brexit bill, accelerating inflation pressure to stalling wage growth. The pound sterling hit 1.3329 on Wednesday up more than 1% since Friday’s close...

That was not surprising. The SNB did not change its monetary policy this morning. Rates will remain negative at -0.75% and the target range for the 3-month Libor is unchanged at between -1.25% and -0.25%. Over the summer the Swiss franc weakened against the single currency...

Gold has largely increased since the start of the year going from $1150 to $1350. The sharpest increase was during the summer. The decline of the dollar was largely followed by an increase in the precious metal...

The pound sterling rallied strongly yesterday, hitting a one-year high against the greenback, as investors anticipate the upside surprise in inflation would force the BoE to step in. GBP/USD rose more than 0...

A week after the ECB meeting where the rates remained unchanged, ECB Vice President Constancio is going to hold a speech in Frankfurt. It is worth betting that most of the discussion will be around the Eurozone inflation and in particular the ECB difficulties to boost consumer prices...

UK August inflation gauge is due for release alter today and is expected to have accelerated further in August. The consumer price index should print at 2.8%y/y, reflection both rising fuel price and a weak pound sterling...

At its monetary policy meeting this Thursday the 14th, we expect the Swiss National Bank to do nothing significant – which will keep the Euro on its upward trend against the Franc...

Consolidating above $4000. (By Yann Quelenn ) • Bitcoin has seen some buying interest. However, short term selling pressure suggests a limited upside potential. However, technical...

Sharp decline. (By Yann Quelenn ) • Crude oil has strongly declined after the commodity monitored the $50 level. Key support is given at 45.40 (17/08/2017 high). Strong...

Pushing higher. (By Yann Quelenn ) • Silver has broken its key resistance at 17.75 opening the way for a test of the strong resistance at 18.65 (17/04/2017 high) while...

Consolidating within uptrend channel. (By Yann Quelenn ) • Gold has seen increased buying interest, clearing rising trend-line. Hourly support is given at a distance 1326 (gap low). Key resistance is...

Further sideways consolidation likely. (By Yann Quelenn ) • EUR/CHF has sharply declined near the resistance area between 1.1356 and 1.1472 Further medium-term sideways moves are...

Riding lower. (By Yann Quelenn ) • EUR/GBP has bounced off support. However, as long as prices remain below the resistance at 0.9176 (declining trendline), the short-term...