FX Strategists at UOB Group noted the pair’s outlook remains neutral in the short term. Key Quotes “Intraday price action looks a little soft for EURUSD, with spot easing off the early European high and leaving some negative-looking short-term candle impressions on the intraday chart”. “The market...
What’s inside: S&P 500 has little data next week, holding support by a thread DAX is hanging on after fake-out breakout, but barely; German CPI and Unemployment due out FTSE 100 light on data, trying to hold very important support surrounding 7400 S&P 500 This past week was light on the data front, and...
Economists at Brown Brothers Harriman share their views on the emerging markets: "MSCI announced it will include 222 China Large Cap A-shares in its
The euro gained momentum across the board during the American session. EUR/USD rose above 1.1200 and peaked at 1.1205, the highest level since Monday.  Price so far is holding on top of 1.1200, keeping a strong bullish tone. The pair is having the best performance in weeks...
After reaching its daily high at 1.2743, the GBP/USD pair started to erase its gains in the early NA session following British PM May's statements. However, the pair found support near the 1.27 handle and gained momentum in the session and is now trading at 1.2730, up...
Volatility has cooled substantially this past week, but the wheels of fundamentals continue to turn with the leaders of all the major central banks due to weigh in on monetary policy in the week ahead. Euro Forecast: Euro May Fall on Soft Inflation, Dovish Draghi Comments The Euro may decline as...
"Central bank can wait on further rate increases given "downside surprise" in recent data," St. Louis Fed President James Bullard said on Friday. Key quotes (via Reuters): There is particular reason to doubt that inflation is returning to the Fed's target GDP growth around 2 percent unlikely to change...
According to the latest GDP Nowcast report released by the Federal Reserve Bank of New York: The New York Fed Staff Nowcast stands at 1.9% for 2017:Q2 and 1.5% for 2017:Q3 The effect of news from this week’s data releases was small, leaving the nowcast for both...
Talking Points: The Dollar's inverse head-and-shoulders break was scuttled, and Yellen's views next week will struggle to revive the move A central bank forum (ECB, BoE, BoJ, BoC) can stir up relative policy pressure, but its scope will likely be grander Top volatility hopes - Dollar, oil and Bitcoin - are...
A decline of the US dollar pushed the USD/CHF pair to the downside. It fell to 0.9675, hitting the lowest level in a week. Currently, trades at 0.9685/90, down 30 pips for the day.  The pair is falling for the fourth day in a row, headed toward...