The kiwi has been in a subdued mood this month, indeed for several months, as the global reflation story plays out. Booming commodity prices have fallen back more recently and this seems to have affected NZD more than the other …
We’ve seen headline grabbing volatility in both commodities and the universe over the last week while price action in currencies and the stock markets has stayed relatively muted. One asset that is enjoying the current environment is gold which advanced …
Canadian data and talk this week has helped support the loonie which is the best performing major currency on a one month basis by some distance. Governor Macklem didn’t express any undue concerns about the strength of the CAD while …
Key data in the form of flash PMIs get released tomorrow morning which puts the focus back on the reopening of economies into the summer. Consensus forecasts the services PMI rising to 52.0 from 50.5 in April and manufacturing to …
The aussie has been a laggard amongst the other commod-$ currencies (CAD,NZD)recently with central bank divergence playing a key roll after the RBA confirmed once more it is in no hurry to withdraw stimulus. This is in stark contrast to …
GBP/USD boosted by strong post-lockdown rebound This week’s UK data dump has kicked off with the latest jobs report showing another drop in unemployment to 4.8% in the three months to March. In spite of the latest lockdown, things are …
USD/CHF eyes cycle lows and a break beyond? USD/CHF has been in something of a textbook downward channel since topping out on April Fool’s day at 0.9472. This peak has retraced from the down trendline from the high in May …
The single currency sits in the middle of the majors on month-to-date performance but a strong close today could see more buyers enter the fray. Germany is really ramping up its vaccine rollout while the number of infections continues to …
AUD/JPY is one indicator many traders can use to identify market risk sentiment as it is a classic macro risk barometer. It incorporates two of the market’s favourite “risk on” and “risk off” currencies – AUD which correlates strongly with …
USD/CAD is heading for its fourth straight monthly decline and sixth consecutive weekly loss. The monthly USD/CAD timeframe shows we have now reached a major level on the long-term chart at 1.2061 which is the September 2017 low. The pair …
