US Dollar Bill

After five months of consecutive declines, reaching the lowest level since April of last year around 92.50’s, the US Dollar has been trading within a very tight range, with no clear break to the upside or the downside. Long-Term Support Area Since the beginning of the month, the US Dollar index is trading within our plan, outlined in many p...

2017-08-24 Nour Eldeen Al-Hammoury Read more
Canada_rates_1910_BOC

Despite the lack of fundamentals during the Asian and the European sessions today, volatility seems to be picking up at the European session opening bell. The US Dollar is broadly lower across the board, leading safe haven assets higher, including Gold, Silver, Japanese Yen, and the Swiss Franc. Yet, there is a lot more to come today ahead of ...

2017-08-18 Nour Eldeen Al-Hammoury Read more
Yen

JPY Striding High Against USD JPY strengthened sharply last week due to an acute increase in geopolitical tensions between the US and North Korea, which fuelled a safe-haven bid in the Yen. Upside movement has been exacerbated by the extreme level of bearish positioning in JPY, which is vulnerable to further reduction. On the week, JPY rose ove...

2017-08-15 James Harte Read more
Kuroda_USDJPY_2302

BOJ July Meeting The BOJ is widely expected to maintain its current policy course at the upcoming July meeting on Thursday. Earlier this month the BOJ reaffirmed its commitment to targeted yield curve control by announcing an unlimited fixed rate purchase of 10Y JGBs. Since the last meeting economic indicators have been fairly mixed. Notably, ...

2017-10-22 James Harte Read more
CPI_Inflation_tutorial_1805

Consumer Price Index, CPI for short is a measure of the change in the weighted average of prices from a basket of consumer goods and services considered essential. CPI is calculated by tracking the price changes for each of the items in the basket of goods and weighted in importance. Inflation data is primarily comprised of two measures: ...

2018-02-26 John Benjamin Read more
Yen_Japan

The week ahead will see a continuation of economic data from across the various regions. In the UK, the inflation numbers for April is expected to show a continued increase in consumer prices, while also we will get to see whether wages have managed to keep up the pace. In the Eurozone, the second GDP estimates and inflation figures will be com...

2017-07-26 John Benjamin Read more
Eurozone

In 2016, the currency markets had its fair share of geo-political event risks. The Brexit referendum in June, the U.S. Presidential elections in November and the Italian referendum on constitutional reforms are but a mere beginning into what could be a major event risk for the euro in 2017. While the Italian referendum failed to surprise the ...

2017-07-26 John Benjamin Read more
economic indicators

Economic indicators are dime a dozen and the markets react in its own way. While some economic reports cause sharp movements in prices, some economic reports are just ignored. It suffices to say that not all economic indicators are created equally. So what reports move the markets and what reports don’t? More importantly, why does the market som...

2016-12-06 John Benjamin Read more
Dollar rallies_Currency wars

Summary: US dollar likely to wait for more clues from the FOMC next week Support at 95.50 – 95.75 likely to be tested ahead of further upside FOMC, BoJ will be the key events to watch next week Market outlook on the US dollar turns bullish with the probability of a Fed rate hike increasing for December The US dollar touched a ...

2016-07-22 John Benjamin Read more
USD

The US dollar index has been trading flat since the Monday after Brexit weekend. Range bound within 96.55 and 95.95 price action has stalled after the strong rally off the lows near 93.32. In our previous outlook on the US dollar, we noted that 95.0 - 94.75 support could make for an ideal opportunity in dollar long positions. While we maintain t...

2016-07-15 John Benjamin Read more