Event calendar


eur Ross J Burland

The dollar was mixed in the NY session, although fell to three year lows while being stuck between a rock and a hard place despite the positives of the Senate managing to get a sign off from Trump for a debt extension until Feb 8th whileUS Treasuries rallied as a result. Subsequently, rates fell andthe  enabled a bid in the dollar's counterparts where the euro too...

06:00 24 January /2018 Forex

USD/JPY hits 19-week low of 109.92 Omkar Godbole

USD/JPY fell below 110.00 for the first time since September, tracking the broad-based USD weakness in Asia.The American dollar finds no takers amid rising EUR/USD pair and poss...

05:46 24 January /2018 Forex

USD/JPY bears still in control and eye below 110 hanle Ross J Burland

USD/JPY was sold off yet again and bears were in control right the way down until 110.25 overnight. Currently, USD/JPY is trading at 110.23, down -0.07% on the day, having posted a daily high at 110.35 and low at 110.07.The yen was bid in NY despite the BoJ's affirmations of easy policy overnight, (leavi...

04:23 24 January /2018 Forex

AUD/USD challenging the 0.80 handle in Tokyo open Ross J Burland

AUD/USD finished the overnight session near 0.8000 after a bullish start to the session helped along by a stabilisation in copper before a fade back to 0.7980. Currently, AUD/USD is trading at 0.8003, up 0.07% on the day, having posted a daily high at 0.8007 and low at 0.7993.AUD/USD has spiked into the Tokyo open and caught a bid off the 100hourly SMA at 0.7994...

03:23 24 January /2018 Forex

Senate has confirmed Powell as Fed Chair 85 - 12 Ross J Burland

Senate has confirmed Powell as Fed Chair 85 - 12.There has been little reaction in the news as this was already priced in with an expected three hikes in 2018 and likely to follow Yellen's policy preferences. Who is Powell? Powell will be the first Fed chairman since 1981 without a PhD in economics.Instead, Mr. Po...

02:00 24 January /2018 Forex

Fed Chair update: Powell’s expected confirmation today - Nomura Ross J Burland

Analysts at Nomura noted that Governor Powell’s nomination as the next Fed Chair cleared an important procedural hurdle in the Senate on Tuesday with a vote of 84-12. Key Quotes:"As of this writing, the Senate is expected to hold the final confirmation vote this evening, which we believe will pass. Governor Powell’s expected confirma...

01:46 24 January /2018 Forex

Forex today: dollar mixed but under water to three year low Ross J Burland

Forex today offered a mixed dollar in the NY session with being caught up between the positives of the Senate managing to get a sign off from Trump for a debt extension until Feb 8th and the fact that US Treasuries rallied as a result. Subsequently, rates fell and enabled a bid in the dollar's counterparts.EUR/USD was already boo...

01:24 24 January /2018 Forex

WTI reverses gains on unexpected increase in US crude stocks Eren Sengezer

Crude oil prices lost their bullish momentum in the post-settlement-trade after the American Petroleum Institute's weekly report revealed a surprise in crude oil stocks in the United States. After inching higher towards the critical $65 mark during the NA session and settling nearly $1 higher, the barrel of WTI plummeted down to $64.30 with the knee-je...

01:01 24 January /2018 Forex

EUR/USD on the way to 1.30? Ross J Burland

Currently, EUR/USD is trading at 1.2290, up 0.25% on the day, having posted a daily high at 1.2307 and low at 1.2223. EUR/USD has moved higher and the high surpassed the previous at 1.2295 made on the 19th and 15th Jan, (double top).Positive politics in Germany, cheery investors and bullish consumers in the EZ along with lower yields and higher treasuries in the ...

23:46 23 January /2018 Forex

GBP/JPY retreats modestly after reaching highest since June 2016 Matías Salord

The GBP/JPY pair peaked during the European session at 155.37, the highest level since the Brexit referendum. Then it pulled back and erased gains. It bottomed at 153.70 and near the end of the day, it was hovering around 154.35, down 60 pips from yesterday’s close. The yen was among the top performer on Tuesday. It gained momentum hours after the decision of the Bank of Japan to keep monetary pol...

23:46 23 January /2018 Forex

AUD/USD stays in the red below 0.80 despite USD weakness Eren Sengezer

Although the AUD/USD pair was able to retrace a portion of its daily losses in the NA session, it failed to retake the 0.80 handle and was last seen trading at 0.7988, where it was down 28 pips, or 0.35%, on the day.The commodity-sensitive AUD struggled to find demand on Tuesday amid a sharp fall witnessed in copper prices. "The news that trig...

22:46 23 January /2018 Forex

Investors and consumers in Europe starting 2018 cheery - ANZ Ross J Burland

Analysts at ANZ explained that both investors and consumers in Europe have started 2018 in a cheery mood. Eurozone consumer’s sentiment index rose to 1.3 in January and is now eyeing up its all-time record in late 2000. Key Quotes:"Continued improvements in the labour market and increases in equity prices seem to have trumped other facto...

22:46 23 January /2018 Forex

Eurozone: ITExit risk remains low - Danske Bank Matías Salord

According to analysts from Danske Bank, the next political risk event in Europe is the Italian parliamentary elections on March 4. They see high uncertainty about new government composition and also a limited risk of the Italian election arising as a key market theme in contrast to last year’s French election. Key Quotes: “The next political risk event on the agenda in Europe is c...

22:23 23 January /2018 Forex

Gold rebounds and again approaches $1340 Matías Salord

The yellow metal rebounded after hitting $1,331/oz and jumped to $1,339.10 reaching a fresh 5-day high. Near the end of the session, it was hovering around $1,337 up $5 from yesterday’s close.The move higher during the American session was boosted by broad dollar weakness. The US Dollar Index (spot) dropped to 90.05, the lowest level since December 2014....

22:23 23 January /2018 Forex

Global market recap - ANZ Ross J Burland

Analysts at ANZ explained the key factors of Tuesday's events.Key Quotes:"Equities pushed higher amid strong US corporate earnings – 82% beating forecasts. Bond yields fell after BoJ maintained its expansionary monetary policy stance.""Year-to-date most global indices are up 5-8%. The dovish BoJ saw the US treasury curve bull flatten...

22:23 23 January /2018 Forex

USD/CAD erases majority of daily gains on oil rally, returns to mid-1.24s Eren Sengezer

After rising toward the 1.25 handle during the first half of the day amid a modest recovery seen in the greenback, the USD/CAD pair reversed course during the American trading hours and retraced its daily rise to turn negative below mid-1.24s. At the moment, the pair is trading at 1.2450, up only 5 pips on the day.The commodity-sensitive loonie gathered strength against its rivals earlier in the s...

21:46 23 January /2018 Forex

GBP/USD: capped in 1.4020's ahead of a key space circa 1.4080 Ross J Burland

Currently, GBP/USD is trading at 1.3983, down -0.04% on the day, having posted a daily high at 1.4029 and low at 1.3916.GBP is back below the 1.40 handle after failures at the typical first resistance of a handle and at aforementioned highs. GBP/USD: resting up ahead of key data?1.4005 was broken in NY as the Asian top and the highest level since...

20:46 23 January /2018 Forex

EUR/USD hits 1.2305 and retreats, USD remains under pressure Matías Salord

The EUR/USD pair jumped to 1.2305 amid a USD sell-off. After hitting a six-day high it pulled back and fell to 1.2270. As of writing it was trading at 1.2275/80, up 20 pips for the day. Despite rising more than 50 pips from the lows EUR/USD has been unable to hold on top of 1.2300 showing difficulties extending the rally. The retreat from the highs took place as ...

20:23 23 January /2018 Forex

Fed Governor nominee Goodfriend: Inflation is slowly rising and Fed is more or less on the right path Eren Sengezer

Additional headlines from Carnegie Mellon University Professor Marvin Goodfriend, who was nominated by U.S. President Donald Trump back in November to become a member of the Federal Reserve Board of Governors, is crossing the news wires.Key quotes (via Reuters)

19:46 23 January /2018 Forex

Investor's soften expectations for adjustments from ECB - Scotiabank Ross J Burland

Analysts at Scotiabank explained that the ZEW investor sentiment figures were stronger than expected, with a fresh record high in Germany’s current situation index and gains in the expectations indices for both Germany and the euro area.Key Quotes:"Preliminary PMI’s are scheduled for release ahead of Thursday’s 19:46 23 January /2018 Forex