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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 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

* Canadian dollar at C$1.2831, or 77.94 U.S. cents

* Loonie touches its weakest level since April 3 at C$1.2860

* Bond prices mixed across the yield curve

TORONTO, April 24 (Reuters) - The Canadian dollar edged higher against its U.S. counterpart on Tuesday after hitting a three-week low, as oil prices held near three-yea...

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 23, 2018

Senior trade officials from the U.S., Canada and Mexico will meet again in Washington in an intensified push to reach a Nafta agreement in the next few weeks.

Talks will pick up on Tuesday, after cabinet-level members vowed on Friday to keep up the momentum following consultations with their technical teams over the wee...

April 23, 2018

U.S. Treasury Secretary Steven Mnuchin said he’s considering a trip to China amid a trade dispute with Beijing that finance chiefs warn could derail the global economic upswing.

Mnuchin said he’s “cautiously optimistic” of reaching an agreement with China that bridges their differences over trade.

“A trip is under consid...

April 23, 2018

Bank of Canada Governor Stephen Poloz is unapologetic about his cautious approach to raising interest rates.

He faces constant criticism for stoking debt accumulation with cheap credit. His reluctance to match higher U.S. rates has fueled a drop in the currency. And now there’s a new challenge: Canada’s inflation is ris...

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