Monthly Archives: November 2017

US Politics May Trump Economics Again

Financial markets are likely to remain at the mercy of US politics despite a flurry of speeches from key central bankers and several big-splash releases on the economic calendar. US Dollar Forecast: Politics to Overshadow Yellen Speech, FOMC Minutes The US Dollar is likely to remain at the mercy of politics-driven volatility as inflationary fiscal stimulus prospects remain the central object of speculation. Australian Dollar Forecast:Australian Dollar Likely Stuck, But Watch For RBA Speakers The Australian Dollar is caught between some reasonably perky domestic economic data and […]

More info

Yuan Likely to Consolidate as PBOC Maintains Neutral Monetary Policy

Fundamental Forecast for CNH: Neutral The PBOC will continue the current monetary policy, which has neutral impact to the Yuan. The regulator watches capital flows and told it would counter against cycles through FX market. A high level of broad credit and soaring real-estate prices prevent the PBOC to cut rates. New to FX? Learn how put your ideas into action with FREE guide! The Chinese Yuan gained against the U.S. Dollar and six other G10 currencies this week, while lost to the Japanese Yen, Euro and […]

More info

Will the S&P 500 Keep Hanging Tough, or Join the DAX & Nikkei Lower?

Talking Points: Risk-off hits Asian and European shares, U.S. stocks remain largely intact S&P 500 still vulnerable, Dow has bearish pattern potential; hold out on selling much longer and picture begins to turn constructive DAX & Nikkei need to hold here or more selling likely to set in Check out the DailyFX Forecast to see how we anticipate markets to end 2017. S&P 500 The calendar for next week is relatively light, with the only ‘high’ impact releases set for Wednesday when Durable Goods Orders is due […]

More info

Crude Oil Net Longs at All-Time High; Japanese Yen Net Shorts at 4-Year High By Investing.com

CFTC: Crude Oil Net Longs at All-Time High; Japanese Yen Net Shorts at 4-Year High Investing.com – The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending November 14 on Friday. Speculative positioning in the CME and ICE currency, commodity, energy and index futures:         Long Short   Net Prior Change Gross Change Gross Change 84.6k 85.5k -0.9k 200.0k 18.7k 115.4k 19.6k -4.5k -9.2k 4.7k 53.1k 2.7k 57.7k -1.9k -136.0k -127.8k -8.2k 49.3k -5.0k 185.3k 3.2k -28.0k -25.1k […]

More info

Dollar Collapses Into Holiday Trade, What’s Next?

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Over the past few weeks, the has struggled despite progress on tax reform and the prospect of a Federal Reserve next month. The market may be that the Federal Reserve will raise interest rates in December, but the most recent economic reports have been far from encouraging. beat expectations but at 0.2% the increase was weak, especially compared to the 1.9% rise in September. also eased due to lower food and energy costs while manufacturing […]

More info

Euro Surges, Assisted By Mauling Of AUD, NZD

Monthly EUR/AUD (left), EUR/NZD Price action on our complex of euro pairs has seen the single currency move strongly higher, particularly against the and where the surge has taken both EUR/AUD and EUR/NZD to key resistance levels on the slower time frame charts. For EUR/AUD the key level lies in the 1.5640 region, and for EUR/NZD the level it is at 1.7270, a price point the pair has now broken. Today’s close for both pairs, along with their respective volume profile is therefore important as it will […]

More info

Yield Curve To Completely Flatten In 2018: But How?

The T. Rowe Price Group expects the yield curve to completely flatten in 2018. This is not a surprise as I have been commenting the same way for quite some time. The more important question is how? By yields converging up, down, or a mix? Please consider Bond Traders Should Prepare for Yield Curve to Zero Out in 2018. Just how much further can the relentless flattening of the U.S. yield curve go? All the way to zero, according to T. Rowe Price Group. “The peak yield […]

More info

Dollar Nears Second Straight Weekly Loss as Russia Probes Intensify By Investing.com

© Reuters. Investing.com – The dollar fell against a basket of major currencies on Friday as better-than-expected housing data failed offset renewed political uncertainty in Washington amid reports that Special Counsel Robert Mueller was set to issue fresh subpoenas for the Trump campaign. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0.27% to 93.59. The greenback struggled to pare losses despite data showing October housing starts rose to their highest since Oct 2016, pointing to underlying strength in […]

More info

AUD/USD Technical Review | Investing.com

The remains under further pressure today, after disappointing , which all but guarantees the RBA will keep on hold for the foreseeable future. This factor will hurt the ’s attractiveness as a high-yielding currency which has been a major factor in supporting the currency in recent times. “The yield spread on and 2-year bonds is at just a little over 6 points, while the Aussie 10-year is offering a pick up of just 20 points to bond investors. You can hear the shouts of “why bother” in […]

More info
1 2 3 134