The two-day annual Jackson Hole symposium was the main theme driving the markets this week with intermittent bits of economic data over the week. Monday was fairly quiet as lack of any economic data saw the markets trading in range. On a slow day, the markets reacted a bit to comments from various central bankers. BoJ's Kuroda said that the cen...
The yen was back at the top of the currency board last week with risk aversion on account of market uncertainty and the BoJ's inaction. The yen was up 2.72% for the week, as USDJPY hovers near the 104 level. Earlier in the week, the dollar slipped below 104 briefly before managing to close modestly higher. The sterling was interestingly higher o...
The Kiwi and the Canadian dollar emerged at the top last week gaining 1.41% and 1.24% respectively. The gains came as the RBNZ left interest rates unchanged at its meeting last week, sending the NZDUSD to post new yearly highs. The Canadian dollar which was fairly muted for the most of the week surged on Friday after the monthly jobs report saw ...
Weekly Forex Forecast for 13-17 April 2015 features the following: The currency markets saw a roller coaster ride this week as most of the majors shifted their bias. The Euro, which was looking stronger last week turned around to be the most weakest currency this week, while the British Pound is starting to look like it is about to embark on ...
March 30 to Apr 3, 2015 Forex weekly summary features the following market events: Aussie weakens on RBA rate cut bets next week The Australian dollar took center stage as mid week the currency collapsed on weaker Iron Ore prices as markets start to position itself ahead of next week's RBA meeting. With expectations riding high for a 25bps...
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