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April 2, 2018


  • The New Zealand Dollar is struggling to find a direction within a bullish reversal pattern

  • A breakout above the near-term resistance line exposes the March 27 high around 0.7303

  • Immediate support looks to be 0.7186 which is then followed by two significant trend lines

Just started...

April 2, 2018

The Australian dollar continued struggling and lost further ground leading into Easter. Will its fate turn around in the second quarter? Here are the highlights of the week and an updated technical analysis for AUD/USD.

Fears of a trade war actually waned ahead of the holiday, but the Aussie continued its downside slide...

April 2, 2018

Dollar/yen began the last week of Fiscal Year 2017 by dipping to the lows but quickly recovered. Is this a change of course or only an adjustment for temporary purposes? The upcoming week features the Non-Farm Payrolls and a FY in Japan.

USD/JPY fundamental movers

Strong US GDP, last-minute flows

The US economy grew at...

March 30, 2018

  • USD/CHF declining as US Dollar recedes in the broader market, lacking the conviction to extend the mid-week's Dollar rally.

  • Holiday markets are thin heading into the major Friday session, with the US and most major European exchanges shuttered for the long weekend.

The USD/CHF is drifting lower on choppy hol...

March 29, 2018

Analysts from Brown Brother Harriman consider that the current agenda of reforms will be hard to keep, no matter who wins the presidential election in October. 

Key Quotes: 

“Brazil’s economy continues to recover. GDP continues to accelerate, and grew at 2.1% y/y in Q4 2017, the most growth since Q1 2014.”

“Brazil’s infla...

March 29, 2018

The GBP/USD is trading some 0.20% down on the day around $1.4050. The US Dollar is on a roll across the board, thanks to a strong GDP reading in the US on Wednesday and a greenback comeback after the losses it suffered beforehand. The US economy grew by an annualized clip of 2.9% in Q4 2017 according to the final read,...

March 28, 2018 – The dollar recovered slowly in Asia on Wednesday morning as the safe-haven yen retreated against the greenback on risk-on sentiment that gave other Asian currencies a lift.

Over in Asia, the developments in the Korean peninsula and attempts to end the political scandal in Japan were risk-on developments...

March 28, 2018

Mikael Milhoj, Senior Analyst at Danske Bank, assessed the prospects for the Scandinavian currency in the near term.

Key Quotes

“In our quarterly FX survey that was published yesterday, our clients have not given up on a recovery for the SEK, though they expect it to stay above 10.00 in 3M. Consensus expects a 1.5% drop...

The Trump administration plans to impose tariffs worth as much as $60 billion on Chinese products as early as this week to punish Beijing for what the U.S. perceives as intellectual property theft from American businesses, according to two people familiar with the matter.

U.S. Trade Representative Robert Lighthizer is l...

March 19, 2018

Last week, President Trump implemented his promised trade tariffs, imposing 25% and 10% on steel and aluminium imports, respectively. Two countries, Canada and Mexico, were granted exemptions from the tariffs in a move that was branded a “disruptive shock to the global trading system.” Concerns that China and the E.U m...

March 19, 2018

The US dollar suffered from the ousting of Rex Tillerson, a move that overtook the inflation report as the main market mover. The focus now shifts the first Fed decision by Jerome Powell.  Here are the highlights for the upcoming week.

President Trump fired his Secretary of State Rex Tillerson. While Tillerson was not i...

The European Union told U.S. President Donald Trump it won’t be cowed by his escalating protectionist rhetoric and talk of punitive tariffs.

“Europe is prepared,” Dutch Finance Minister Wopke Hoekstra said Monday as he headed into a meeting with his counterparts from the rest of the euro area. “We are not afraid, we wil...

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