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Forex
IMF Sees No Clear Signs of a Turning Point
In its latest World Economic Outlook released yesterday, the IMF took investors somewhat by surprise. The institution once again downgraded its global growth forecasts.
The downgrades come despite positive developments in the US/China… Read More
BOJ Triggers Yen Longs
BOJ held interest rates unchanged. However, they rose the growth forecast on the back of the sales tax introduced back in October.
Yen was supported overnight, and now the markets await the UK job numbers and EA’s ZEW release to find… Read More
2020 Growth Expectations Cut Again
The International Monetary Fund (IMF), in its latest report, trimmed global growth forecasts. For the year 2020, the IMF expects growth to rise by 3.3%. This is slightly higher in comparison to the 2.9% forecasts which grew in 2019.… Read More
Strong Start For The Dollar
USD Rallying on Monday
The US dollar has continued to rally over the European morning on Monday with the index breaking above the 97.42 level. Data strength at the end of last week is keeping USD bid here. With no tier-one US data… Read More
The Week Ahead: Keep it Steady
Trade of the week
USDCAD Comes Under Renewed Pressure
Wednesday will see heightened volatility in the Canadian dollar. The consumer price index (CPI) will indicate whether inflation has picked up, an upbeat number would boost the loonie… Read More
Busy Tuesday: BOJ, UK Claimant Count & German ZEW
Tomorrow we have a host of important data coming out, primarily during the European session. And it could really rile up the markets!
Somewhat ironically, the most important data, the BOJ Interest Rate decision, might not be as market… Read More
Trump Impeachment Trial Underway
This probably isn’t the start to the year (or decade for that matter) that Donald Trump had in mind.
Last week, the US House of Representatives voted in favor of sending articles of impeachment to the Senate for a trial next week.
The… Read More
China GDP Keeps Global Sentiment Buoyed
China’s GDP for the year 2019 grew at a pace of 6.1%, according to data released last Friday. Although the pace of GDP growth remains slow, it was within the GDP target of 6.0% - 6.5% for the year.
Global equity markets maintained the… Read More
AUDUSD: Last Impulse Could End Near 0.7042
The current AUDUSD structure suggests that the market is forming the final part of the bullish intermediate zigzag (A)-(B)-(C).
It seems that minor wave 1 in (C) has already been formed. We are now likely to see a bearish zigzag 2, which… Read More
What Are the Issues With Phase One Deal?
The trade deal was officially signed, yes! But did you know that market participants have reasons to remain cautious?
If you are not sure how the FX markets could be influenced and why, listen to this podcast now!
You can do so on… Read More