Event calendar


Wall Street ends the week on a weak note as investors remain focused on the tax bill Eren Sengezer

Following yesterday's sharp rally, major equity indexes in the U.S. started the day under pressure on Friday and closed the day with modest losses as investors speculate the fate of the tax bill.Although the House of Representatives on Thursday approved the latest version of the tax plan proposal, Senate Republicans are already voicing their oppositions to the bill, keeping the investors on edge. ...

00:23 18 November /2017 Forex

Bitcoin peaks above $8000, loses momentum amid profit-taking

After closing the first four days of the week with substantial gains, the BTC/USD pair pushed higher to a new record high at $8030 before bulls ran out of breath. At the moment, the pair is trading at $7800, losing $60 on the day.Commenting on this week's rally, "...the rally is driven by a resurgence in interest and viability for the SegWit2x hard fork. Despite the fact that it was called off, th...

23:46 17 November /2017 Forex

Eurozone: PMI and ECB minutes - Danske Bank Matías Salord

Next week, key data from the Eurozone includes the ECB minutes and PMI. Minutes from the October ECB meeting could well provide clues as to what will happen after September next year when the current QE programme is set to end, mentioned analysts from Danske Bank. Key Quotes: “In the euro area, we are awaiting the PMI figures, due fo...

23:23 17 November /2017 Forex

US: Latest data supports December Fed hike - Wells Fargo Matías Salord

According to analysts from Wells Fargo, economic data released during the week support an interest rate hike from the Federal Reserve in December.Key Quotes: “A slew of economic data were released in the United States ahead of the short holiday week. Three of the leading U.S. inflation indicators, the consumer price index, the produc...

23:23 17 November /2017 Forex

USD/MXN tumbles more than 2% from weekly highs, falls below 19.00 Matías Salord

The USD/MXN pair made a dramatic reversal falling more than 2% from weekly highs after the Mexican peso recovered strength and amid a slide of the US dollar against Latin American currencies. Late on Wednesday USD/MXN jumped to 19.37, the highest intraday level since March 15. That day failed to close above 19.30. On Thursday started to retreat and on Friday brok...

23:00 17 November /2017 Forex

EUR/USD consolidates gains below 1.18, up more than 100 pips on the week Eren Sengezer

The EUR/USD pair fluctuated in a relatively narrow range on Friday and started move sideways a little below the 1.18 handle as investors are getting ready to wrap up the week. At the moment, the pair is at 1.1795, up 0.2% on the day.US T-bond yields weigh on the buckA negative market sentiment in the second ...

23:00 17 November /2017 Forex

Gold rallies toward $1300 as investors seek refuge Eren Sengezer

After spending the majority of the day in a tight range above the $1280 mark, the XAU/USD pair gained traction in the NA session and rose to its highest level since October 16 at $1297 before going into a consolidation phase. As of writing, the pair was trading at $1294, up 1.2% on the day.Safe-havens g...

22:23 17 November /2017 Forex

GBP/USD turns positive above 1.32, looks to close second straight week higher Eren Sengezer

After dropping to a fresh daily low at 1.3170, the GBP/USD pair reversed course and advanced above the 1.32 mark in the US afternoon. As of writing, the pair was trading at 1.3212, adding 0.15% on the day.Although the macroeconomic calendar didn't feature any data from the UK on Friday, the market demand for the GBP remained...

21:23 17 November /2017 Forex

HM Treasury Select Committee does not invite BoE Governor Carney for hearing on November 21 Eren Sengezer

In a recently published statement on Friday, "the Monetary Policy Committee operates according to one person, one vote. The Committee has particularly asked to hear from the external members of the MPC so they have the opportunity to give their views on the interest rate decision, and the outlook for the economy. Accordingly, the Governor has not been invited to give evidence on this occasion," ex...

20:46 17 November /2017 Forex

NY Fed's GDP Nowcast rises to 3.6% for Q4 of 2017

"The New York Fed Staff Nowcast for 2017:Q4 stands at 3.8%,"  the Federal Reserve Bank of New York announced on Friday.

20:23 17 November /2017 Forex

USD/JPY tumbles to 112.00, the lowest in a month Matías Salord

The USD/JPY pair broke below previous lows and accelerated the decline. Recently printed a fresh 1-month low at 111.98. Price remains near the lows, facing a strong bearish pressure. The greenback was already in trouble from a technical perspective against the yen after the breakout of the 113.00/20 area. The short-term tone started to favor the yen after USD/JPY w...

20:00 17 November /2017 Forex

Atlanta Fed's GDPNow rises to 3.4% from 3.2% for Q4

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 3.4 percent on November 17, up from 3.2 percent on November 15," the Federal Reserve Bank of Atlanta announced on Friday.Key quotes

19:23 17 November /2017 Forex

Kansas Fed: Growth in Tenth District manufacturing activity slowed slightly but remained solid Eren Sengezer

"The pace of growth in Tenth District manufacturing activity slowed slightly but remained solid, and optimism remained high for future activity," the Federal Reserve Bank of Kansas announced on Friday.Key highlights

19:23 17 November /2017 Forex

US: Housing construction back in action - Wells Fargo

Housing starts rebounded more than expected to a 1.29 million-unit pace from 1.14 million in September, when hurricanes halted some construction, signaled Wells Fargo's analysts. According to them the stronger recovery bodes well for Q4 residential investment.Key Quotes: “The 13.7 percent increase in housing starts was much stronger than expected. Housing starts are now at a 1.29 ...

19:00 17 November /2017 Forex

EU's Tusk: There is no deadlock in Brexit talks

Following his meeting with the British Prime Minister Theresa May, European Council President Donald Tusk told reporters that there was no deadlock in Brexit talks.Key quotes (via Reuters)

19:00 17 November /2017 Forex

USD/CHF finds support near 0.99, starts to recover losses Eren Sengezer

The USD/CHF pair came under a renewed selling pressure in the early NA session on a broad-based risk aversion and refreshed its daily low at 0.99. However, the pair started to consolidate its losses as the greenback extended its recovery gains. At the moment, the pair is trading at 0.9915, still down 0.25% on the day.Earli...

19:00 17 November /2017 Forex

USD/CAD short-term hurdle aligns at 1.2780/1.2820 – Scotiabank Pablo Piovano

FX Strategist at Scotiabank Eric Theoret noted the pair’s stance remains on the neutral side for the time being, while initial resistance is expected in the 1.2780/1.2820 band.Key Quotes“Yield spreads remain somewhat bearish for CAD, with the 2Y U.S.-Canada testing fresh four month highs. Oil prices appear to be retracing Tuesday’s decline and are providing a modest offset. NAFTA ...

18:46 17 November /2017 Forex

USD/CAD firmer, retakes 1.2800 and above Pablo Piovano

Another bout of fresh selling orders is now hitting the Canadian Dollar and pushing USD/CAD further north of the critical 1.2800 handle on Friday.USD/CAD weaker post-data, looks to yieldsThe pair is now recording fresh 2-week peaks beyond 1.2800 the figure and at the same time reverting a 2-week negative str...

18:46 17 November /2017 Forex

US stocks weaker as investors assess Russian probe and US tax reform plan

   •  Russian probe weigh on investors’ sentiment.
   •  Prospects for tax reforms hold the key.Major US equity indices witnessed a weaker opening on the last trading day of the week, with investors tracking progress over the Republican-led tax cut legislation.The House of Representatives passed a sweeping bill to overhaul the US tax code on Thursday but faces immediate hurdle...

18:00 17 November /2017 Forex

EUR/GBP targets 0.86 in 12-month – Danske Bank Pablo Piovano

Morten Helt, Senior Analyst at Danske Bank, expects the European cross to grind modestly lower to the 0.8600 handle within the next 12 months.Key Quotes“In the near term, we expect relative rates, growth, UK politics and Brexit uncertainty to remain EUR/GBP positive. We have lifted our 1M and 3M forecast now targeting EUR/GBP at 0.90 in 1M (0.88) and 0.89 in 3M (0.88). Overall, we...

18:00 17 November /2017 Forex