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What Is Weighing On USDJPY?
There are a plethora of key issues clouding the outlook for USDJPY at the moment. The March FOMC was not as bullish as many hoped and the second hike is not expected until June.
Le Pen Retreats: Euro At The Highest Level Since Mid-December
Last week, eyes were on the presidential debate in France, which flipped the table upside down for many of the candidates, but especially for the Far-Right candidate Le Pen.
FX Week Ahead: EU Inflation Expected To Slow, Final GDP Revisions
The markets will be moving into the final trading week of the month of March, and the economic calendar is somewhat light, which increases the risk sentiment based on politics.
Weekly Commodities Wrap: Copper Falls As Supply Disruptions End
Despite a weakened USD this week, copper prices traded lower as supply concerns eased. Reports note that the 43-day strike by workers at BHP Billiton’s Escondida mine in Chile has now come to an end.
French Elections: Le Pen Dials Back Her Approach During Live Debate
The first Presidential election debate held this week was noteworthy as far-right candidate Le Pen, who has previously been a vocal opponent to the euro, made no direct reference to the single currency at all.
Expect Further Upside If AUD/USD Breaks The Triangle Pattern
The Australian dollar was seen re-testing the familiar 0.7680 resistance level after prices previously pulled back, falling to a 7-week low.
UK To Trigger Article 50: Is GBP Turning Higher?
With Non-Commercial Sterling short positions hitting record levels but GBP still rising, it is worth taking some time to consider the underlying dynamics that are fuelling this disconnect between positioning and price action, starting first of all
Crude Oil Tumbles Ahead Of US Inventories
Since the beginning of this week, Crude Oil prices have been declining gradually, reaching critical technical levels. This is despite the fact that OPEC sent out few remarks to the media about a possibility of extending the production cut deal.
Examining The German Current Account Surplus
With the German current-account surplus coming under scrutiny by the new US administration it is worth considering recent developments within the German trade balance to see factors which might impact future negotiations between the US and Germany.
What Assets Are Ideal To Trade The French Elections?
As with any stock index, investors are likely to sell off the CAC40 into the French elections, at least into the first round of elections, which is due late April.
Norges Bank Keeps Policy Unchanged As Expected
The Norwegian krone weakened significantly last week against the common currency following the Norges Bank decision to keep interest rates unchanged at 0.50%.
FX Week Ahead: Fed Speeches, UK Inflation In Focus
Currency markets will be taking a step back after a rather busy week that saw the U.S. Federal Reserve hike interest rates. Various Fed officials are lined up to speak during the week including Fed Chair Janet Yellen.
Weekly Commodities Wrap: Metals Surge On FOMC Disappointment
Copper prices surged higher this week fuelled by yet further supply disruptions. The continuing strikes at BHP Billiton’s Escondida in Chile and Freeport’s Grasberg mine in Indonesia are weighing heavily on global supply levels.
Crude Oil: What’s After The Recent Declines
Crude Oil prices tumbled last week on many factors, which put Oil prices at risk of further declines ahead, as there is no new catalyst to support the uptrend anymore.
BoE: Interest Rates Unchanged At 0.25%
The Bank of England’s monetary policy meeting that concluded yesterday saw the central bank leaving interest rates and its asset purchases steady at a pace of 0.25% and 435 billion GBP respectively.
Fed Still Stumped By Trump: FX & Equity Reactions
Yesterday’s .25% rate increase was the latest example of a dovish hike by the Fed. Markets were widely expecting the hike, with implied probability ahead of the meeting just shy of 100%.
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