RBNZ_Forex_0805

The week will see a continuation of the key economic indicators from across the world. The week starts off with the French election results in the main backdrop, and the baton will be passed on to Germany which will be holding elections next. On the economic front, China will be reporting the monthly inflation figures on Wednesday while it will...

2017-05-08 John Benjamin Read more
weekly forex wrap up

Happy New Year! Traders and investors will be looking to a busy first week of the year coming out of the Christmas and New Year break. The markets are closed on Monday across major trading hubs and the holiday shortened week will gain pace as latest data for December is released. In the U.S. FOMC meeting minutes, ISM surveys and Friday’s payr...

2016-12-30 John Benjamin Read more
ECB GDP Draghi

Following an uneventful week which saw the Bank of Canada and the European Central Bank maintaining the status quo, the pace of economic data is seen to be slowing in the coming week. While last week was all about inflation numbers, this week the focus shifts to GDP numbers coming out of the US, UK, and France. US third quarter GDP growth Th...

2016-10-24 John Benjamin Read more
US Economic Data

The last trading week of the third quarter closed with risk aversion led by weakness in the banking sector. Wells Fargo and Deutsche Bank remained in the forefront, erasing gains from the surprise decision by OPEC to limit production levels. Looking ahead, the economic data this week that stands out will be the ISM surveys and the September jobs...

2016-10-03 John Benjamin Read more
OPEC_Crude Oil

Last week’s decisions by some of the major central banks saw the status quo being maintained. Garnering more than the usual share of attention were the BoJ and the FOMC. While the BoJ’s policy changes perplexed markets briefly, the FOMC’s decision was largely a known event as the Fed opted to keep rates steady but maintained that the case for fu...

2016-09-26 John Benjamin Read more
Recession Japan stock

The US dollar emerged as the top currency last week as the US dollar index posted a 4-month high. Boosted by broadly better than expected economic data especially on the housing sector the dollar kept its gains into the weekly close ahead of the FOMC meeting this coming week. The Swiss franc was down 0.53% against the US dollar but managed to re...

2016-07-25 John Benjamin Read more
FX_Charts

The Pound Sterling was the weakest currency last week losing 4.79% against the US dollar. The declines in GBPUSD came as the UK shocked the world by voting to leave the EU membership which sent ripples across the financial markets. GBPUSD fell to multi-decade lows on the news but managed to recover following the initial reaction. The shocking ou...

2016-06-27 John Benjamin Read more
Inflation - Deflation

The US dollar emerged on the top of the charts this week supported largely by the verbal intervention threats from Japan. The dollar got a boost by Friday as retail sales posted the biggest monthly jump which helped the dollar to make strong gains on the day. The Canadian dollar was the close next which was supported mostly by Oil prices. [...

2018-02-14 John Benjamin Read more
BoE decision

Image via DUP Photos / Flickr. Picture by Kelvin Boyes / Press Eye. The Australian dollar was the weakest currency last week led by the RBA's 25bps rate cut and a weak inflation forecast which fueled speculation of another rate cut by August this year. As a result, the AUD fell over 3.11% this week marking the second week of declines and closin...

2016-05-09 John Benjamin Read more