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The long weekend is fast approaching, and traders are slowly winding down. So, I won’t waste your time with a lengthy report. But I just came across this chart of the USD/TRY, which you may want...
Just a day after stronger Chinese macro pointers helped to alleviate concerns over a global economic slowdown, that optimism has quickly faded with the latest Eurozone data once again dampening...
An unexpected rise in UK retail sales for March has caused a pop higher in the pound with the currency bouncing from the $1.30 handle in response.A 1.1% rise in month-on-month terms represents a big...
EUR/USDEUR strengthened on Wednesday on the back of better-than-expected economic growth data coming out of China, this bolstered the risk appetite as other risk-on currencies rallied also. The data...
Market OverviewAn increase in risk appetite of the past couple of weeks has pulled bond yields and equity markets higher. A breakdown on gold has also been a reflection of this improvement in...
The British pound was the weakest major currency yesterday on the back of reports that there was no agreement on a customs union between Labour and Conservatives. No surprises there then. I\ t fell...
Market OverviewBetter than expected data out of China has given risk appetite a boost again. Growth in the world’s second largest economy is crucial for commodities and positive China data is...
New Zealand CPI data missed them mark, instilling a blast of bearish volatility for NZD crosses as traders adjusted to the idea of a May cut. At 1.5% YoY, it’s the lowest CPI read since Q3 2018...
Earlier, we reported that the EUR/JPY could make a comeback thanks to the ongoing rally in stock markets, boosting the appeal of JPY pairs. Another potential reversal may already have taken place in...
The FX markets have been fairly quiet so far this week and price action on the whole has been range bound. Indeed, after last week’s rally, safe haven Japanese yen pairs have all pulled back a...
Things have changed rapidly in the past few months. Initially considering a rate hike for 2019, the Reserve Bank of Australia (RBA) has finally changed its rhetoric, gradually turning from a hawkish...
EURUSDThe Euro closed where it opened on Monday, closing at 1.1302 against the greenback. Initially, the pair rose up to 1.1320 at the beginning of the day, as risk-on mood from late last week...
The Australian dollar fell to the bottom of the pack following today’s RBA minutes, as traders questioned the RBA’s confidence in their labor market forecasts.The RBA held rates at 1.5%...
Daily FX Market Roundup April 15, 2019Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementThe week before Good Friday and Easter is always an awkward one in the forex market. Holidays...
President Donald Trump took to Twitter to renew his attack on the Fed over the weekend, blaming quantitative tightening for the stock market’s lack of continued record highs. The president...