Hawkish ECB Expectations

EURUSD Non-Commercials increased their net long positions in the Euro last week, buying a further 36k contracts to take the total position to 128k contracts. Investors have been increasing their upside exposure over recent weeks, as the market anticipates a faster pace of accommodative monetary policy removal over the coming year. The key f...

2018-01-17 James Harte Read more
Australian CPI came in below expected over the 2Q printing 1.9% year over year, well beneath the 2.2% level forecast. Despite the decline underlying measures of inflation, which the RBA focus on, were in line with expectations at 0.5% quarter over quarter.

CPI Falls Back over 2Q Australian CPI came in below expected over the 2Q printing 1.9% year over year, well beneath the 2.2% level forecast. Despite the decline underlying measures of inflation, which the RBA focus on, were in line with expectations at 0.5% quarter over quarter. However, annual underlying inflation remains below the bank’s 2%-3...

2017-07-26 James Harte Read more
RBA

A few weeks ago, we took a detailed look from a technical point of view at the two interesting pairs. We speculated the possible scenarios, based on the previous reactions and the potential catalysts, which could lead to the next move. Are Australia’s & New Zealand’s central banks intervening in FX market? The Aussie and the Kiwi did it on...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Australia_RBA_2604

Central Bankers around the world managed to spike market volatility last week as they sent a clear message to the market about their future policies. It looks like the Central Bankers are on the same page once again. Most of them stated that the easy monetary policy era is coming to an end. This has led to a notable decline in global indices un...

2017-07-03 Nour Eldeen Al-Hammoury Read more
RBNZ_Kiwi

For the past year, there were two currencies which failed multiple times to break above key resistance areas, despite the fact that the US Dollar has been declining for the past six months. Those two currencies are the Aussie and the Kiwi against the US Dollar. Both currencies spent the last year well below key resistance areas, which raise som...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Mark Carney_BoE meeting_0302

BOE Chief Rebuffs Hawkish Expectations Despite hawkish expectations having increased recently, linked to persistent strength in inflation, GBP bulls were disappointed yesterday as BOE governor Mark Carney poured cold water on the idea of a hike. Speaking during the rescheduled Mansion House speech, the BOE governor said that now is not the time...

2017-07-26 James Harte Read more
Australia_bank_downgrade_1906

It's only the beginning of the week and despite the fact that there are only few key economic releases this week, yet, credit rating agencies decided to spice the things up at the beginning of the week. Earlier this morning Moody’s Investors Services cut the long-term credit rating of Australia’s four biggest banks, saying surging home prices, ...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Australia_RBA_2604

Headline CPI Back To Target The latest CPI data for Australia showed that inflation rose 0.5% QoQ over Q1, boosted mainly by higher food and fuel costs. Underlying inflation also increased slightly, with trimmed mean inflation increasing 0.5% QoQ also though weighted media inflation remained flat at 0.4% QoQ. The majority of the increase in pr...

2017-04-26 James Harte Read more
forex australia_RBA

Earlier this morning, the Reserve Bank of Australia decided to keep the current policy unchanged, including the Cash Rate which remained at a record low at 1.5% as widely expected. However, the statement showed a balanced tone, which kept the market uncertain regarding the next decisions, leading to a slight gain in AUD pairs, which remains pos...

2017-07-26 Nour Eldeen Al-Hammoury Read more
COT report_Sterling_ECB

This data references the period ending Tuesday, March 2nd. EURUSD Non-Commercials reduced their net short positions in the Euro last week buying 7k contracts to take the total position to -51k contracts. ECB tapering expectations and Eurozone election risk continue to shape flows in the Euro with investors reducing positions last week afte...

2017-03-06 James Harte Read more