Week ahead – US Employment Report to Kick off the New Year
After a particularly turbulent week that lacked fresh catalysts but not wild price swings, traders will now turn their sights back to more familiar themes, such as economic data releases, and most notably the US jobs report for December. That...
Safe-Haven Assets Gain as 10-Year JGB Yield Declines to Negative Territory
Global equities for the most part are rallying and so are safe-haven currencies. While the European bourses are up between 1.4% and 2.5%, the Nikkei fell 0.3% to 20,0014, its first annual loss since 2012. Negative data in Japan dampened...
Swiss Franc Shows Power ahead of Weekend, Stocks Rebound in Progress
Just ahead of the weekend, Swiss Franc shows broad based power today as it surges across the board. Yen is trading as the second strongest one, but with much weaker momentum. For now, we’re unsure of the exact reason for...
Canadian Dollar Quiet on Lack of Key Releases
USD/CAD has posted small losses in the Friday session, after jumping some 1.6% on Thursday. Currently, the pair is trading at 1.3605, up 0.01% on the day. On the release front, there are no Canadian releases. In the U.S., today’s...
European Dec Inflation Data Softer Compared To Month-Ago Levels
Notes/Observations German State CPI data softer from month-ago levels with bulk of today’s reading below forecasts of the upcoming German Composite Nov CPI data Asia: South Korea Nov Industrial Production M/M: -1.7% v -0.2%e; Y/Y: 0.1% v 1.4%e Japan Nov...
DAX Jumps As U.S Stock Markets Advance
The DAX Index has posted sharp gains in the Friday session, recouping the losses seen on Thursday. Currently, the index is at 10,574, up 1.0 percent on the day. On the release front, Germany will publish Preliminary CPI, a key...
EUR/USD – Euro Gains Continue Ahead Of German Preliminary CPI
EUR/USD has posted gains in the Friday session, after posting considerable gains on Thursday. On the release front, Germany will publish Preliminary CPI, a key gauge of consumer inflation. The indicator slipped to 0.1% in November, but is expected to...
USDJPY 110.26 Level Back In Focus
The US dollar has continued to weaken against the Japanese yen during the European trading session, with price edging closer to the current weekly and monthly trading low. A break below the 110.26 support level is likely to prompt heavy...
GBPUSD Still Under Downward Pressure
The British pound remains confined to range-bound trading against the greenback on Friday, despite broad-based in the US dollar Index. Sellers failed to break below the 1.2600 support level on Thursday, further encouraging short-term technical buying in the pair. It...
AUDUSD Remains Bearish Near 35-Month Lows
AUDUSD is seeing some positive momentum today after touching an almost 35-month trough of 0.7016 on Thursday. However, the upside momentum is weak, with the %K and %D lines of the stochastic oscillator posting a so-far unconvincing bullish cross. Looking...