Sterling broke the Scottish election shackles yesterday with cable pushing to new highs and EUR/GBP moving to the lower end of its recent trading range. Political risk had been holding back GBP in recent weeks with apparent no.10 flat redecoration …
The dollar is suffering after the shocking US monthly NFP jobs data put paid to any possible policy action by the Fed in June. Powell and crew have always said they wanted to see a series of decent job reports, …
Let’s revisit the aussie which is top of the major currency pile this week/month. The commodity rally continues to make headway with the Bloomberg Commodity spot index reaching levels not seen since 2011. Metals of every colour are rallying while …
With today’s weekly US jobless claims falling below 500,000 for the first time since the pandemic began, hopes are high for a headline NFP print of more than one million new jobs. This would be the first time in eight …
Will the Bank of England join the Bank of Canada in reducing its purchases of bonds, known as tapering? There is a range of opinions on the MPC meeting tomorrow on whether to taper now or later in the summer …
The monthly USD/JPY chart shows us that the pair has been trading in a shallow bearish channel since the highs in December 2016 at 118.66. The following month saw near identical highs, but since then prices have slowly drifted lower …
Dollar holds up downtrend The curious dollar-positive tone from Friday is failing to extend this week, capped in the USDX by the mid-march lows and the 50% retrace level of this year’s high to low move at 91.32. Prices are …
Next week sees the RBA meet on May 4 followed by the Statement on Monetary Policy released on May 7. Recently, the meetings linked to the Statements have seen policy changes but this time around, all policy measures are expected …
Eurozone economic confidence soared earlier today rising to its highest since September 2018. Thanks to the improved vaccine rollout, there was strength across the board and significantly, the services sector is now also in expansion mode. This leads us to …
JPY crosses have the propensity to move on either a consensus FOMC decision and outlook or one where Chair Powell is more hawkish than the markets thinks. The following pairs obviously follow USD/JPY so when key levels like 109 are …
