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Get updates on the latest economic news and trends and how it affects currency prices and also commentary from experienced currency traders. Updated weekly. Podcast and weekly newsletter coming soon.

April 27, 2018

- The UK economy is slowing, and snow can't take all the blame

- Pound plummets as markets bet Bank of England interest rate in May is off the table

- Strategists at TD Securities exit bet on Sterling appreciation

- ING suggest a June hike is now a possibility

The British Pound has sold off sharply following the release of...

April 25, 2018

EUR/USD has posted slight losses in the Wednesday session, erasing the gains seen on Tuesday. Currently, the pair is trading at 1.2212, down 0.17% on the day. It’s a quiet day on the release front, as the sole event is Crude Oil Inventories. On Thursday, the ECB will set interest rates, while the US releases durable go...

April 24, 2018

  • US 10-year bond yields exceeded the 3.00% mark but US dollar seems neutral.

  • AUD/USD bulls are using the 0.7600 handle to create a pause in the recent bear move. 

  • Gold and Copper trading firm, can influence the commodity-linked currency, AUD.

The AUD/USD is trading at around 0.7611 up 0.08% on Tuesday as...

April 24, 2018

USD/JPY continues to move upwards this week. In Tuesday’s North American session, USD/JPY is trading at 109.14, up 0.40% on the day. On the release front, Japanese inflation data met expectations. The Services Producer Price Index dropped from 0.6% to 0.5%, matching the estimate. The Bank of Japan’s favored inflation i...

April 24, 2018

USD/JPY RATE FORECAST TALKING POINTS:

  • USD/JPY Price Forecast: JPY weakness may accelerate on break > 100-DMA at 109.01

  • Options premium shows waning premium to protect against JPY strength lifting USDJPY

  • USD/JPY Rate Insight from IG UK: changes in retail sentiment favors price declines

On Tuesday, April 2...

April 24, 2018

The British pound has steadied in the Tuesday session, after recording five consecutive losing sessions. In North American trade, GBP/USD is trading at 1.3975, up 0.25% on the day. On the release front, the UK posted a budget surplus of GBP 0.3 billion in March, beating the estimate of GBP -1.1 billion. CBI Industrial...

April 24, 2018

- USD/CAD Bullish Sequence Fizzles Despite Cautious Bank of Canada (BoC) Comments, Strong U.S. Consumer Confidence Survey. All Eyes on U.S. Gross Domestic Product (GDP) Report.

- NZD/USD Eyes 2018-Low as 10-Year U.S. Treasury Yield Spikes Above 3.00%. Relative Strength Index (RSI) Approaches Oversold Territory.

To Read T...

April 24, 2018

  • GBP/USD: weighed by continued strength in the greenback. 

  • GBP/USD: BoE rate hike probability for May now a coin toss. 

GBP/USD continues to suffer on dovish shift in BoE expectations on Carney and made a fresh low of 1.3917 in Tokyo yesterday where the pair is recovering from today. Currently, GBP/USD is tra...

April 24, 2018

EUR/USD consolidated in European trading on Tuesday after declining in the prior three consecutive sessions. The drop is attributed to a stronger dollar, and recent developments suggest that there could be more downside for the pair. A combination of extreme positioning and a rise in U.S. bond yields drove the rally in...

April 24, 2018

Analysts from Rabobank maintain the forecast that USD/MXN will trade around the 20 handle in June. They see July elections gaining attention. 

Key Quotes:

“Since the end of last year we have suggested that substantial MXN weakness would emerge as campaigning for the Presidential election got under way.  We have also been...

April 16, 2018

Chancellor Angela Merkel's line on the latest Syrian crisis is a smart compromise between domestic stability and loyalty to the U.S.

Former German Defense Minister Karl-Theodor zu Guttenberg has mockingly remarked that the German government's decision to back the U.S., British and French strikes in Syria with rhetoric b...

April 16, 2018

Bank of Canada Governor Stephen Poloz’s cautious approach to interest rates is about to be challenged.

While the central banker is expected to hold off from raising borrowing costs for a second straight policy decision on Wednesday, and retain a degree of prudence in his rhetoric, Poloz will probably face mounting press...

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