FX

New York Fed President John Williams said in an interview with the Wall Street Journal (WSJ). Fed’s bond-buying is an important part of monetary policy. It is designed to help the economy recover from the pandemic impact. Does not see higher valuations in stocks, the housing market as being a significant risk to financial stability

GBP/USD Forecast: Brexit-related litters undermine demand for the pound The GBP/USD pair fell to 1.3838 within London trading hours amid persistent tensions between the UK and France over fisheries rights. The French government rejected Britain’s latest regulation for fishing in its waters near the Channel Islands.  French fishermen have complained that they are being prevented

After initially sliding, with the INR falling by around 3.7% from its high vs. USD in late March, there has been a strong rebound in the currency recently. Economists at TD Securities see some further scope for the rupee to strengthen against the greenback in the short term against the background of further USD consolidation.

What you need to know on Tuesday, May 4: The greenback gave back most of its Friday’s gains, amid a better market mood. China, Japan and London were on holidays, limiting volatility. Markit published the final readings of its April Manufacturing PMIs for the EU and the US, all of them suffering modest downward revisions.

AUD/USD attracted some buying on Monday and stalled its recent slide from the 0.7815-20 area. Dovish Fed expectations, the risk-on mood undermined the USD and extended some support. Investors now eye US ISM PMI, Powell’s speech for some impetus ahead of the RBA on Tuesday. The AUD/USD pair held on to its modest gains through

What you need to know on Monday, May 3: The American dollar soared on Friday as risk-aversion fueled demand for the greenback alongside month-end flows. The EUR/USD pair settled at 1.2020 while GBP/USD finished the week around 1.3830. The Australian dollar also fell, but held above the 0.7700 threshold, while the USD/CAD settled near weekly

Equities give up some ground on Friday but remain poised for fresh records. Earnings season continues to see record growth in earnings Fed remains committed to full employment and a fully accommodative stance. Another week another set of fresh records for equity markets. There really is no alternative (TINA) continues to dominate the narrative. The

Analysts at MUFG Bank, continue to see a trade idea in going long the AUD/USD pair with a target at 0.7895 with stop loss at 0.7460. The point out the global optimism should lift the Australian dollar to fresh cycle highs.  Key Quotes: “The better vaccination outlook in Europe and positive growth prospects in China

German GDP arrives at -1.7% QoQ in Q1 vs. -1.5% expected. Annualized German GDP stands at -3.0% in Q1 vs. -3.2% expected. EUR/USD unmoved on mixed German Q1 growth numbers. The German economy shrank 1.7% inter-quarter in the first quarter of 2021 when compared to the expectations of -1.5% and +0.3% seen in Q4, the

The price of gold is trapped in daily support and resistance but pressured at 4-hour resistance. The support is fragile, but the weekly bullish target is eyed at dynamic trend line resistance.  The bulls are tiring at 4-hour resistance in a trapped environment on the daily chart.  The following analysis illustrates the weekly prospects of

Easing of covid restrictions is coinciding with a rebound in GBP/USD but political uncertainty into the May 6th regional elections should cap GBP gains, analysts at Westpac appraise. See: GBP/USD set to rally past the March high at 1.4018 – Commerzbank Attention on BoE policy meeting and local and regional elections on 6th May “Recent data

USD/CHF bears are in control following the Fed. The pair is near term bullish, medium-term bearish with a monthly upside bias. USD/CHF has plummeted following the Federal Reserve and there are prospects of a downside continuation in line with the broader daily trend.  With that being said, corrections are underway so the bears will be

European equities have actually performed as well as U.S. stocks this year, and have outperformed EM and Japanese stocks quite significantly. Is this a fluke? Economists at Morgan Stanley think not, and see four reasons why European equities could continue to outperform global peers. Europe’s ‘unloved’ quality among global investors is not the only reason to

Silver is testing a critical area of supply on the monthly chart. The daily chart is, however, offering a meanwhile bullish continuation opportunity.  The bulls are in charge of the monthly and weekly time frames and the daily advance is riding the 10-EMA for a portable test and penetration of daily resistance for the forthcoming

The Bank of Japan’s (BOJ) Haruhiko Kuroda said that the central bank can achieve a 2% inflation target by patiently continuing its powerful monetary easing while speaking at its post-monetary policy meeting press conference scheduled on Tuesday. Additional comments Will ease monetary policy further without hesitation as needed. Consumption will be stalling at low levels during a

AUD/USD broke above its horizontal range on Monday. US Dollar Index looks to close flat below 91.00. Durable Goods Orders in US rose less than expected in March. Last week, the AUD/USD pair fluctuated in a relatively tight range around mid-0.7700s and struggled to make a decisive move in either direction. After breaking above its

Last week, oil prices fell back as the demand outlook in Asia deteriorated. However, assuming that the latest virus outbreaks are contained before too long, strategists at Capital Economics remain relatively optimistic on the global oil demand outlook, and expect prices to reverse course before long and rise in the months ahead. The OPEC+ meeting

What you need to know on Monday, April 26: The dollar fell on Friday amid prevalent risk appetite. Wall Street rallied following upbeat Markit flash PMIs for the EU and the US, with most indexes reaching record levels, boosting hopes for a soon-to-come economic recovery after the pandemic slump. The EUR/USD pair settled near 1.2100,