Forex News

Market Brief: ‘Disinflation’ Expectations Weigh on NZD Ahead of RBNZ

View our guide on how to interpret the FX Dashboard FX Brief: New Zealand’s 2-year inflation expectations fell to 1.8%, its lowest level since Q4 2016 whilst the 1-year is now just 1.6%. Coming just one day ahead of tomorrow’s RBNZ meeting, expectations for a cut have risen from 72% this morning to around 85%, …

Did Palladium Fly Too Close To The Sun?

Now the world’s most valuable precious metal, Palladium prices have continued to soar this year after surpassing gold’s value in March. Yet its bump at the highs suggests a much-needed correction is underway. High demand and low supply palladium has been a key driver for spot prices, since about 85% of its supply is used …

Weekly COT Report: Trade Optimism Supports CAD and AUD

Read our guide on how to interpret the weekly COT report As of Tuesday 5th November: Large speculators were net-long USD by $12.2 billion, down by $0.34 billion the prior week CAD traders were their most bullish in two years AUD traders were their least bearish since January AUD also saw the largest weekly change, …

Market Brief: HK Protests Triggers Mild Risk Off Sentiment

View our guide on how to interpret the FX Dashboard FX Brief: A quiet start to the week with daily ranges averaging just 43% of their ATR’s overall. And, due to public holidays is US and Canada, we could be in for a quiet session without any market-moving news. DXY trades just below its 3-week …

Gold’s Worst Week in 3 Years Sees Bears Firmly Back In Control

Bulls failed to conquer key resistance at 1519.70 and prices have since rolled over. Given the series of doji’s, hammers and pinbars around this level it was apparent the level was a key focal point. Therefore, we warned that any weak break of this level increased the odds that price action remains in a complex …

Market Brief: If in doubt, fade the rips

Stock market snapshot as of [8/11/2019 1:57 PM] If in doubt, leave it out. There’s been lots of euphoria this week. But even with a clutch of new record highs, there was lashings of doubt. There still is. European shares have faded earlier gains There is still no phase-one trade deal. The White House was …

Week Ahead: RBNZ, US CPI and Global Data Galore

The week ahead features one key interest rate decision from the Reserve Bank of New Zealand and plenty of important macro data to look forward to for currency traders, which should provide pockets of elevated volatility – see the calendar highlights, below. In addition to next week’s key data releases, we will be watching the …

Market Brief: Dovish BoE Drags Pound Lower

At midday in London, the GBP was the weakest and AUD was the strongest. View our guide on how to interpret the FX Dashboard The Bank of England decided to keep policy unchanged on both QE and rates fronts, but the fact there were two dissenters (SAUNDERS and HASKEL) who unexpectedly voted for 0.25% rate …

Crude oil rebounds to potential resistance amid risk rally

Oil prices fell sharply on Wednesday on the back of a big rise in US crude inventories, which raised excess supply worries, before rebounding again this morning along with other risk assets thanks to rising optimism over a US-China trade deal, which boosted the demand outlook for oil. As a result of these conflicting factors, …

1 2 3 4 43 44