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Draghi Dampens Euro, But Rally Remains Intact
Testifying at the European Parliament in Brussels yesterday, the ECB chief declared that the Eurozone economy still requires a “fairly substantial amount” of monetary stimulus from the central bank.
USD Index: Bearish Outlook Is Here To Stay
The US Dollar Index got a notable push since the middle of last week on the back of some positive economic releases. However, the biggest push came in from the US 2nd GDP estimate, which showed a revision to the upside towards 1.2% instead
Chinese Credit Rating Slashed For First Time Since 1989: Analysis & Market Reaction
It seems that markets are so far viewing this downgrade with caution as there has been little change in the exchange rate or the yield premium between investment grade Chinese firms and Chinese government securities.
Crude Oil Is Not Reacting Well To A New Production Cut
For the time being, the downside pressure is likely to continue, especially as long as both WTI and Brent Crude continues to trade below the previous top, in order to continue with its current lower highs pattern.
FX Week Ahead: US Payrolls, Eurozone Flash Inflation Estimates
The week ahead is relatively quiet from the US, but starting Thursday, fresh economic reports for the month of May begin to unfold, starting with the Institute of Supply Management (ISM) manufacturing PMI report.
Can The EUR/USD Break Out Above 1.1250 On US GDP Revision?
The EUR/USD currency pair has posted one of the strong recovery rallies in just a few weeks, taking the currency pair from being one of the weakest to the strongest.
Crude Tumbled Ahead Of OPEC Meeting
Crude prices need more cuts in output in order to rally above this year’s high. Otherwise, the downside pressure is more likely.
FOMC Meeting Minutes – Odds For A June Rate Hike Increases
The meeting minutes showed that overall, policymakers judged that it would be prudent to wait for more evidence that indicates a slowdown in the pace of economic activity before tightening monetary policy further.
BOC Decision & FOMC Meeting Minutes Ahead
Canada’s inflation rate has picked up since the beginning of the year, just like the rest of the world, the YoY CPI advanced to 2.1% in December of last year, after it was below 1.1% in Mid-2016.
Manchester Attack: European Indices Losing Near 0.2% At The Opening
After the sad events that occurred overnight in the UK – Manchester, we have noticed some negative impact on the markets, including Asian equities, European equities, and currencies.
US Dollar Slips As US Politics Back To The Forefront
If keeping a track on the Federal Reserve policy makers was not enough, traders are slowly getting accustomed to keeping a close watch on the US politics and developments from the White House.
Will BoJ Intervene As Yen Keeps Rising?
Last year, USDJPY strength came on the back of the US Dollar rally as the Fed’s kicked off its policy tightening. However, this has been a negative factor for Japan. The Bank of Japan has been trying to keep the pressure on the Yen for a long time.
FX Week Ahead: OPEC Meeting, FOMC Minutes & BoC Meeting
The week ahead is likely to turn busy with the focus shifting back to the economic and monetary policies. Coming up this week, the key events include the OPEC meeting in Vienna, where the question is whether OPEC members will extend production cuts.
Metals Rebound: Geopolitical Tensions Support Bullish Outlook
Both Gold and Silver had a bumpy ride since the beginning of the year. The past two weeks, both metals lost their steam and broke through this year’s uptrend line.
UK Real Wages Slip As Unemployment Rate Hits A 12 Year Low
The April unemployment data from the UK posted a new record in April as the nation’s unemployment rate fell to 4.6% marking a 12 year. The unemployment rate slipped from 4.7% in the Dec – Jan period.
Trump Scandal: Volatility, Stocks Tumbled, And USD Tanked
It was definitely the most interesting day in the market since the US President Donald J. Trump was elected. Volatility increased significantly, fears index soared, stocks tumbled, USD tanked, while safe haven assets rallied.
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