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, 18/06/2018 The markets opened on Monday to the news over the weekend about the U.S. President Trump announcing fresh tariffs on China. The Trump administration imposed a 25% tariff on about $50 billion on goods imported from China in response to alleged theft on intellectual property rights. China retaliated by ...

2018-06-18 John Benjamin Read more
USD Rally Continues As Q2 Outlook Picks Up

As we’ve seen across most of the developed countries, US Q1 economic releases highlighted some weakness in performance. A combination of an aggressive protectionist skew in president Trump’s policies along with volatility in financial markets, weighed on USD over the first three trading months of the year. However the USD rally continues as Q2 o...

2018-05-11 James Harte Read more
FOMC Minutes Highlight Concerns Around Trade Wars

While the Fed has confirmed its commitment to normalising monetary policy, the US Dollar traded lower in response to the release of the latest FOMC meeting minutes which revealed concerns among the rate setting committee. Members of the Federal Reserve Board highlighted their concerns about the potential impact of a global trade war, specificall...

2018-04-16 James Harte Read more
April 2018 Monthly Outlook

The month of March saw the Federal Reserve Bank hiking interest rates by 25 basis points in a highly anticipated move. The central bank signaled that it would stick to three rate hikes this year amid speculation that the Fed could move for a more aggressive rate hike path. The U.S. dollar remained mixed across the board during the month. Else...

2018-04-10 John Benjamin Read more