Forex

Event calendar

25

EUR/JPY slides on lower bund yields Asis Ghosh

The EUR/JPY is now trading around 131.08 in New York session, dropping by 0.40% on a slide in German bund yields and mixed EZ economic data on Friday. The benchmark 10Y German bund yield is now hovering around 0.659%, drpping by over 6% and well off the recent high of 0.808%. It is not only the German bond, but the 10Y US bond yield is also trading lower at around 2.884%, down by ...

22:46 23 February /2018 Forex

USD/CAD recovers from the Canadian inflation related fall, trading around C$1.2660 Yohay Elam

The USD/CAD is trading on higher ground, at around $1.2660 as the trading week draws to a close. The pair recovered from the lows of $1.2613 it had dropped to earlier. Canada reported inflation rising by 0.7% MoM and 1.7% YoY,  better than 0.4% MoM and 1.4% YoY that had been expected. Core CPI remained unchanged at 1.2% YoY. The pair dropped sharply in the immediate aftermath but recovered quickly...

22:23 23 February /2018 Forex

AUD/USD ticks higher above $0.7830 as US yields slide Yohay Elam

The AUD/USD is trading just above $0.7830, close to the peak of the trading day at $0.7847. The pair has moved up from the lows of $0.7804 as the US Dollar is losing ground across the bond, alongside yields. The benchmark 10-year Treasury yield slipped to around 2.87%, down from the new highs seen earlier in the week, when the Fed released...

21:23 23 February /2018 Forex

Oil prices rose to higher ground on Libyan outage and Saudi optimism Asis Ghosh

WTI Crude Oil is trading around 63.60 in the New York session, rising by 1.32% on reports of an outage in Libyan supply and Saudi optimism. There were some reports of a dip in Libyan production earlier on Friday.Crude rebounded from an early loss after reports of the shutdown of the El Feel oilfield in Libya, which produces 70,000 bpd. Production in this OPEC member country  has been running at ab...

21:00 23 February /2018 Forex

EUR/USD trades around $1.2300 as the Fed Report does not lift yields Yohay Elam

The EUR/USD is trading steadily around $1.2300 in narrowing trading ranges in the last session of the week. The calm comes as US stock markets are slightly higher and US bond yields slide to around 2.87% after hitting new 4-year highs earlier in the week.The Federal Reserve published its Monetary Policy Report, a semi-annual document that precedes the testimony of the Fed Chair next week. Tension ...

20:46 23 February /2018 Forex

GBP/USD struggles to recapture $1.4000 as soft Brexit hopes fade Yohay Elam

The GBP/USD is trading just below $1.4000, after having reached a high of $.14005, that did not last for too long. Earlier, the pair made a sharp drop to $1.3905, in a move that was not related to any news. Speculation of a fat finger, a mistaken sell order, swirled. The pair quickly bounced off ...

20:23 23 February /2018 Forex

GBP/JPY: Finely balanced around ¥149.00 amid hopes for a soft Breixt, sliding US yields Yohay Elam

The GBP/JPY is trading around the ¥149.00 level, balanced on the day that did feature some volatility beforehand. The cross traded between a low of ¥148.64 and a high of ¥149.51. The pair had already traded on higher ground early in the week.The British Pound ticked higher on hopes for a softer Brexit. The cabinet meeting that focused on the future trading relationship with the EU stated that it w...

20:00 23 February /2018 Forex

EUR/GBP tumbles on hopes for a soft Brexit and a drop in German bond yields Asis Ghosh

EUR/GBP is now trading around 0.8795 in the New York Session, sliding by 0.45% on a slump in German bond yields and hopes for a soft Brexit and muted EZ economic data on Friday. The benchmark 10Y German bund yield is now hovering around 0.659%, after falling by over 6% and well off the recent high of 0.808%. It is not only German bonds, but the 10Y US b...

19:46 23 February /2018 Forex

USD/JPY remains on lower ground amid the Monetary Policy Report from the Fed Yohay Elam

The USD/JPY has risen from the daily low of ¥106.51 but remains down some 80 pips on the day. The pair reached a high of ¥107.13 before turning lower to the current levels of ¥106.60. US 10-year Treasury yields fell from the highs of the week to below 2.90%, weighing on the US Dollar. The 19:46 23 February /2018 Forex

Gold on back foot as the US inflation concerns ease Asis Ghosh

Gold is trading around $1330, in New York session, edging down by 0.18% on the reduced concerns about the US inflation and subsequent slump in US bond yields on FridayGlobal bond yields are ticking lower after comments by US policymakers’, downplaying the US inflation pressure despite wage growth. On Thursday, the US Treasury Secretary Mnuchin said that policies Trump's administration’s will raise...

19:23 23 February /2018 Forex

AUD head towards sub 0.7800 - Westpac Sandeep Kanihama

The A$ has underperformed over the last week, down 1.8% versus the US$ and at 6 month lows versus the NZ$, points out Robert Rennie, Research Analyst at Westpac.Key Quotes“The potent combination of further deterioration in yield spreads (AU-US 10yr spread now firmly in negative territory), limited support from commodity prices, increased focus on political risks and a crystal

19:00 23 February /2018 Forex

EUR/USD supported near 1.2280, Fedspeak eyed Pablo Piovano

EUR/USD is closing the week on the defensive, extending the consolidative theme in the lower end of the range around the 1.2300 milestone.EUR/USD up on softer US yieldsThe pair is looking to extend the rebound above the 1.2300 handle bolstered by the persistent drop in yield of the key US 10-year reference,...

18:46 23 February /2018 Forex

AUD/USD slides back closer to over 1-week lows, Fedspeaks in focus Haresh Menghani

   •  A goodish pickup in the USD demand prompts fresh selling in the past hour.
   •  Weaker commodities offset sliding US bond yields and fail to stall the slide. 
   •  Bears eyeing a sustained break below an ascending trend-line support. The AUD/USD pair remained heavily offered through the early NA session and has now eroded a major pa...

18:23 23 February /2018 Forex

USD/CAD plummets to 1.2620 on CPI data Pablo Piovano

The Canadian Dollar gathered unexpected traction vs. its American neighbour on Friday, dragging USD/CAD to as low as the 1.2620 region.USD/CAD in 3-day lowsThe pair rapidly tumbled to fresh multi-day lows in the 1.2620 area after Canadian inflation figures showed consumer prices tracked by the CPI rising abo...

17:00 23 February /2018 Forex

NZD/USD sits at 1-1/2 week lows, below 0.73 handle Haresh Menghani

   •  Reviving USD demand offsets upbeat NZ data.
   •  Sliding US bond yields fail to lend any support. 
   •  Technically seems vulnerable to slide further.The NZD/USD pair remained heavily offered through the early NA session and is currently placed at 1-1/2 week tops, below the 0.7300 handle.Despite today's upbeat release of the quart...

17:00 23 February /2018 Forex

WTI stays positive albeit below $63.00, rig count eyed Pablo Piovano

Prices of the barrel of the American benchmark for the sweet light crude oil are extending the weekly recovery, although a convincing breakout of the $63.00 handle still remains elusive.WTI now looks to dataPrices of the WTI are trading on an upbeat ...

16:46 23 February /2018 Forex

GBP/USD rebounds sharply after crashing, back around 1.40 mark Haresh Menghani

   •  Fat-finger trade triggers extreme volatility.
   •  Reviving USD demand does little to cap gains.The GBP/USD pair quickly reversed the mid-European session crash to the 1.3900 handle and is now eyeing a move beyond the key 1.40 psychological mark. The volatile price action over the past few hours clearly lacked any fundamental catalyst an...

16:23 23 February /2018 Forex

BOE's Ramsden: Structural shocks to the economy from Brexit can’t be offset by monetary policy Haresh Menghani

BOE Deputy Governor David Ramsden, during a scheduled speech in Cambridge, was noted saying that structural shocks to the economy from Brexit can't be offset by monetary policy.Key quotes:   •  Weak productivity remains a key consideration of monetary policy
   •  MPC views weakness and uncertainty of UK productivity as a key co...

15:46 23 February /2018 Forex

USD/JPY surrenders early gains, tracking weaker US bond yields Haresh Menghani

   •  USD manages to preserve daily gains but fails to lend support.
   •  Traders tracking weakness in the US bond yields. The USD/JPY pair struggled to build on its early up-move, beyond the 107.00 handle and has now retreated to the lower end of its daily trading range. After yesterday's sharp retracement, the pair regained traction on Frida...

15:46 23 February /2018 Forex

EUR/USD parked around 1.2300 ahead of Fedspeak Pablo Piovano

The buying interest has returned to the US Dollar at the end of the week and keeps EUR/USD depressed around 1.2300 the figure so far today.EUR/USD gains capped near 1.2350The pair has quickly faded the spike to the mid-1.2300s recorded in spite of the somewhat hawkish message from the FOMC minutes on Wednesd...

15:46 23 February /2018 Forex