The dollar is powering higher this morning, especially against low yielding currencies like JPY and CHF. We get a deluge of US data today ahead of the holiday. This includes the weekly initial job claims, durable goods data and more …
Volatility is expected overnight in the kiwi when the RBNZ meet to raise rates for a second consecutive time. A 25bp hike is baked in which would take the policy rate to 0.75%, the highest in the G10. Money markets …
European lockdowns are hitting confidence in the region and its currency. Austria is good indicator for where potentially the rest of the zone is heading. That looks like increasing numbers of Covid cases and more social restrictions. Economic activity will …
It’s been a topsy-turvy day with risk on and off and mildly returning. Rising cases of Covid and more European lockdowns are concerning investors. This has seen a bid in safe haven currencies like JPY. The yen is the top …
A key driver of the loonie is the price of oil. This is under pressure today on reports that the US has asked China, India and Japan to dip into their fuel reserves. Both WTI and Brent crude have dropped …
Surging UK inflation data this morning, coupled with a strong jobs report yesterday has sealed the deal for a rate rise by the Bank of England next month. We do get one more labour market update before that MPC rendez …
EUR/CAD weekly chart shows break of long-term support This cross has been in a long-term downtrend since the start of the year. Prices fell to lows at 1.4582 in May. Buyers then tried pushing above the April lows around 1.5055 …
This week sees the release of UK employment data tomorrow. This is followed by the latest CPI figures on Wednesday. The former is perhaps more important as we all know inflation will only be heading in one direction. The Bank …
It’s been a turbulent few weeks for cable traders. We’ve had the surprise “hawkish hold” by the Bank of England MPC last week. This was followed by blockbuster US inflation data on Wednesday. Potential Brexit issues linger too, though many …
FX volatility had been fairly subdued recently after last week’s central bank meetings. But all that changed yesterday. The multi-decade high CPI data offered more ground to Fed hawks. It also reinforced the big differences in the US and eurozone …
