Event calendar


Bank of England: To remain on hold after May rate hike - Wells Fargo Matías Salord

The Monetary Policy Committee at the Bank of England has sounded more hawkish in the past month or so according to analysts at Wells Fargo. They look for the central bank to hike rates by 25 bps at its next policy meeting on May 10.Key Quotes: “CPI inflation in the United Kingdom fell from 3.0 percent in January to 2.7 percent in Feb...

23:00 23 March /2018 Forex

EUR/GBP: Brexit transition deal is not a game changer - Danske Bank Matías Salord

Analysts from Danske Bank, do not expect EUR/GBP to move significantly lower before receiving more clarification on how will be the future relationship.Key Quotes: “This week, the EU and UK reached an agreement on a transition period lasting from 30 March 2019 until year-end 2020. While positive, it is not the game changer and in any case a deal ...

22:46 23 March /2018 Forex

GBP: Between BoE expectations and Brexit - Rabobank Matías Salord

According to analysts from Rabobank, point out that a hawkish Bank of England and a transitional deal on Brexit is good news for the pound. They see a stronger pound emerging in the medium-term but they warn that there could still be choppy waters to be navigated in the coming months.Key Quotes: 

22:23 23 March /2018 Forex

GBP/USD posts third consecutive weekly gain as rally gains momentum Matías Salord

GBP/USD rose on Friday and recovered from yesterday’s losses. The pound resumed the rally and climbed back above 1.4100. The pound was about to end the week with strong gains. The pound opened the week on Monday with important gains on the back of advances in Brexit talks, breaking above 1.3950/60. Accelerated to the upside on Wednesday f...

22:00 23 March /2018 Forex

AUD/USD bulls like buying the 0.7700 level Flavio Tosti

The AUD/USD is trading at around 0.7732, up 0.51% on the day so far as the dominant theme in the market on Friday seems to be the development of an all-out trade war as Trump seem decided to impose tariffs on steel and aluminum on the EU. Mrs. Lagarde, from the IMF, warned that trade wars benefited nobody.   Next week will see the US GDP readings on Wednesday as well as preliminary PCE which is th...

21:00 23 March /2018 Forex

EUR/USD hits fresh highs but remains near 1.2350 Matías Salord

EUR/USD continues to move around 1.2350 with limited volatility. The pair reached a fresh daily high at 1.2363 after finding support at 1.2325. The euro trades near the 1.2360 zone as DXY tests daily lows. A weak US Dollar moved EUR/USD to the upside. The greenback failed to benefit from a better-than-expected economic report from the US ...

19:23 23 March /2018 Forex

Gold bulls flirt with $1350 amid trade wars escalation Flavio Tosti

Gold is trading at around 1346 up 1.36% on the day so far as trade wars between the US and China intensify. Gold weekly chartGold is c...

18:46 23 March /2018 Forex

FOMC: avoiding a recession is more important than avoiding the risk of overheating - BBVA Matías Salord

William De Vijlder, analyst at BNP Paribas, points out that the Federal Reserve has an “asymmetrical loss function: avoiding a recession is more important than avoiding the risk of overheating”. He added that the Fed’s tone remains cautious despite upbeat growth projections.Key Quotes: “The Federal Reserve faces two asymmetries. The ...

18:46 23 March /2018 Forex

USD/CAD looking to rebound from 1.2820 Pablo Piovano

The Canadian Dollar keeps the positive note so far this week and is now forcing USD/CAD to navigate the area of weekly lows in the vicinity of 1.2840.USD/CAD weaker on USD-selling, dataSpot quickly faded yesterday’s advance following the increasing selling bias surrounding the buck, particularly as consequen...

18:23 23 March /2018 Forex

NZD/USD poised for extra rangebound – UOB Pablo Piovano

The Kiwi Dollar is seen sidelined vs. the buck in the next weeks, according to FX Strategists at UOB Group.Key Quotes24-hour view: “While the ‘target’ indicated at 0.7260 yesterday was exceeded, the subsequent sharp and rapid pullback from a high of 0.7263 was not exactly expected. NZD has likely made a short-term top and the current price action is viewed as part of a consolidati...

17:46 23 March /2018 Forex

USD/JPY challenging session tops near 105.20 Pablo Piovano

USD/JPY has now gathered some upside traction and is now testing the area of daily peaks in the 105.15/20 band.USD/JPY weaker on US tariffsSpot plummeted to fresh YTD lows near 104.60 in early trade following heightened risk aversion after President Trump announced $60 billion tariffs on US imports from Chi...

17:23 23 March /2018 Forex

USD/CAD sees resistance at 1.2970/90 near term – Scotiabank Pablo Piovano

FX Strategists at Scotiabank remain neutral/bearish on the pair while they note a decent resistance in the 1.2970/90 band.Key Quotes“The USD has consolidated late week losses around the 1.29 area over the past 24 hours and despite the strong rebound in funds from Thursday’s low, we think near-term risks are ...

17:23 23 March /2018 Forex

Fed's Bostic: sees three rate hikes in 2018 Haresh Menghani

Continuing with his earlier comments about the economic outlook, during his scheduled speech at the Knoxville Economics Forum, Atlanta Fed President Raphael Bostic was further noted saying:

17:00 23 March /2018 Forex

AUD/USD to mostly trade with a 0.77 handle – Westpac Sandeep Kanihama

The soft US dollar tone post-FOMC has provided AUD/USD with a boost it surely needed, according to Sean Callow, Research Analyst at Westpac.Key Quotes“Ahead of the Fed headlines, the pair was trading fresh 3 month lows around 0.7675. Australia’s key co...

17:00 23 March /2018 Forex

USD: Let the battle commence - Rabobank Sandeep Kanihama

Jane Foley, Senior FX Strategist at Rabobank suggests that a trade war between the world largest economies would create a whole catalogue of secondary effects that are set to resonant through most of the global economy and as a consequence they see several other currencies as more vulnerable than the USD over the medium-term.Key Quotes“In view of the 16:46 23 March /2018 Forex

GBP/USD refreshes session tops, around mid-1.4100s Haresh Menghani

   •  USD bulls little unimpressed by today’s upbeat durable goods orders.
   •  British Pound gets a boost from BoE MPC member Vlieghe’s comments.
The GBP/USD pair continued gaining positive traction through the early NA session and jumped to fresh session tops, around mid-1.4100s, in the last hour.The 16:46 23 March /2018 Forex

USD/CAD drops back closer to yesterday’s swing low post-Canadian CPI Haresh Menghani

   •  CAD surges after Canadian CPI beats estimates.
   •  Upbeat US durable goods orders help limit losses.
The USD/CAD pair came under some intense selling pressure during the early NA session and tumbled back closer to previous session's swing lows.The pair continued with its struggle to move beyond 1.2940-50 supply zone and...

16:23 23 March /2018 Forex

BoE’s Vlieghe: Incoming data warrants removal of monetary stimulus Haresh Menghani

The BoE MPC external member Gertjan Vlieghe, during a scheduled speech at the Birmingham Chamber of Commerce, said:

16:00 23 March /2018 Forex

EUR/USD clinches fresh tops near 1.2360 on US data Pablo Piovano

EUR/USD moved higher to the 1.2360 area in the wake of results from the US docket on Friday.EUR/USD higher on dataThe pair gained extra traction today despite headlines US Durable Goods Orders surprised to the upside in February, expanding at a monthly 3.1% while Core Orders rose 1.2% inter-month, also comi...

15:46 23 March /2018 Forex

Gold clings to strong gains near 1-month tops ahead of US durable goods Haresh Menghani

   •  Global trade war fears trigger global risk aversion trade and underpin safe-haven demand.
   •  Faltering USD provides an additional boost and remains supportive of the strong up-move. 
Gold held on to its daily gains to over 1-month tops and is currently placed at over 1-month tops ahead of the US data.The ...

15:23 23 March /2018 Forex