April BoC meeting

The markets were witness to another week of volatility with various themes playing out. The uncertainty surrounding trade wars finally eased after the Chinese Premier was seen softening his stand last week in a speech where he promised to open the doors to China's markets. The week ahead will continue to see the volatility especially in Syria...

2018-04-18 John Benjamin Read more
BoC Interest Rate Hike expected

Investors will be looking at another slow week ahead. The Bank of Canada's monetary policy meeting stands out. The markets are currently expecting the BoC to announce an interest rate hike this week. However, there is an equal chance that the BoC could disappoint market expectations. On the economic front, inflation theme continues this week....

2018-01-25 John Benjamin Read more

The US dollar saw another week of strong declines with the Fed leaving monetary policy unchanged and economic data from the US showing a weaker pace of growth in the first quarter, with the GDP rising 0.50%. Monthly economic data was also weak with durable goods orders showing a lesser than expected pace of growth. Only next to the US dollar was...

2016-04-30 John Benjamin Read more
rate RBNZ

The yen fell sharply this week and on Friday following news reports that the Bank of Japan was considering an ECB-style TLTRO option to introduce negative rates for bank lending. The news report from Bloomberg came out early Friday and the yen slipped sharply losing over 2.72% for the week. The reports come ahead of the BoJ's monetary policy mee...

2016-04-25 John Benjamin Read more
ECB

The Australian dollar emerged as the top performing currency last week. The AUD made strong gains led by better than expected unemployment data which saw the Australian unemployment rate fall to 5.70%, the lowest jobless rate since September of 2013. Besides the AUD being bolstered by the domestic data, China's economic data this week was also i...

2016-04-18 John Benjamin Read more
Bank of China_Chinese data

The Japanese yen was the strongest currency last week, rallying over 3.29% across the board. The gains in the yen came about as investors continued to shift bets to the safe haven asset. However, Gold prices did not see much of gains in similar terms. While the BoJ is put in a tight spot on the recent strengthening of the yen, officials fell sho...

2016-04-11 John Benjamin Read more
Australia_Orbex

The US Dollar turned out to be the weakest currency last week, thanks to the dovish comments by Fed Chair, Janet Yellen. Giving a speech at the Economic Club of New York, the Fed chair said that the central bank would take a cautious approach to rate hikes and more evidence was needed to gain confidence that inflation was rising. The comments se...

2016-04-04 John Benjamin Read more
US Jobs Report

The US Dollar posted a dramatic turnaround last week erasing the gains from the previous week. Closing the week ending 25th March as the strongest currency, the US dollar was supported mostly by various Fed members' speaking engagements who came out broadly in support of a rate hike. Economic data from the US was mixed this week as durable goods...

2016-03-28 John Benjamin Read more
Canada_budget_BOC

The US Dollar closed the week as the weakest currency led by the FOMC meeting which was more dovish than market expectations. With only two rate hikes projected for 2016, the markets saw the Greenback ease across the board. The Yen was the top performer, gaining 2.02% for the week as the BoJ's meeting saw no changes to monetary policy but at the...

2016-03-21 John Benjamin Read more
Forex Afternoon

Last week saw the Australian dollar post strong gains, rising 1.74%. The gains came about as the AUDUSD closed a second week with strong gains. Overall, the Aussie is up nearly 10% since the start of 2016 trading near the 0.755 handle. The Kiwi was the weakest as the RBNZ's surprise rate cut sent the currency to close lower for the week. However...

2016-03-12 John Benjamin Read more