This month, the RBA extended its longest ever streak of keeping rates unchanged, a move which was widely expected by the market. Last time around, the RBA confirmed that policymakers now all agree that the next move in rates will be higher but that timing was highly uncertain as there are still key risks remaining in the economy such as low wage...

2018-07-04 James Harte Read more
us q1 forex

The U.S. economy was seen advancing at a slower than expected pace from what was initially reported, data from the commerce department showed last week. The United States Gross Domestic Product or GDP which measures the goods and services produced in the economy was seen expanding at a seasonally adjusted pace of 2.0% in the first quarter of the...

2018-07-04 John Benjamin Read more

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 2k contracts to take the total position to 34k contracts. EUR has now been net sold for each consecutive week over the last month as the market has adjusted its view in line with the ECB’s declaration that rates will be on hold until at least summer 2019. ...

2018-07-02 James Harte Read more
forex analysis

Daily Forex Market Preview, 02/07/2018 The euro currency was seen posting strong gains from the start on Friday. The gains came as news outlets reported that the EU summit saw the region's leaders agreeing to solutions on the European migrant crisis. The common currency also held its ground as economic data later in the day showed that hea...

2018-07-02 Orbex Read more

The markets open to a busy trading week which marks the first week of the third quarter. Focus turns to some of the key economic indicators across most of the G7 currencies. Starting off the week we have the BoJ Tankan Survey where manufacturing and non-manufacturing PMI's will be released. Alongside, the UK and the Eurozone's monthly manufac...

2018-07-02 John Benjamin Read more
bank of canada

While until recently, economists were hawkish on the Bank of Canada and preparing for a rate hike as early as July, the prospects of a rate hike are starting to diminish if recent data is anything to go by. Last week, data from Canada covered the retail sales and inflation reports. An unexpected dip in Canada's retail sales in April and a rat...

2018-06-29 John Benjamin Read more

As is becoming a theme now, it seems each passing week heralds a new chapter in the legacy of Donald Trump’s presidency. Having remained mostly inactive for the best part of his term this far, Trump has recently opened the floodgates and unleashed a tidal wave of policy adjustments. The main focus of his policy initiatives has of course, been on...

2018-06-26 James Harte Read more
forex technical analysis june

Daily Forex Market Preview, 08/06/2018 The U.S. dollar continued to trade mixed while the euro currency maintained its strong position. Sentiment in the euro remained firm following the ECB's Chief economists comments about a possible discussion on QE exit at next week's meeting. Sentiment in the U.S. dollar was also subdued with Mexico an...

2018-06-08 John Benjamin Read more
German economy loses momentum in Q1 2018

The German economy loses momentum in Q1 2018, rising at a slower pace than initially forecast in the first three months of the year. Data from federal statistics agency, Destatis showed that the Eurozone's largest economy grew at a pace of just 0.3% on a seasonally adjusted basis during the three months ending March 2017. The pace of growth w...

2018-05-22 John Benjamin Read more