AUDJPY Trapped in a Narrow Range, Neutral in the Short-Run
AUDJPY has been stuck in a narrow sideways range, with an upper bound at 79.80 and a lower bound at 77.40, since early January. In light of this, the short-term picture is neutral, with a break on either side of...
Silver Eases Below 7-Month High; Bullish in Near Term
Silver retreated after jumping towards a new seven-month high of 16.20 during Wednesday’s session. The bullish picture in the very short-term looks to last for a while longer as prices remain above the 20- and 40-simple moving averages (SMAs). Also,...
Dollar Weakens Again on Data Disappointment, Eyes Trade Talk Results
Dollar turns weaker again in early US session after data disappointment. Also, the USDA reported that US farm exports to China will suffer steep decline. Business in the US are eager to know more about the progress of US-China trade...
Weekly Risk Assessment
Global trade talks dominated proceedings in this holiday shortened trading week, along with central bank rhetoric and Brexit posturing. There have been a number of reports that senior Sino-U.S negotiators are working on multiple “memorandums of understanding” that would form...
Canadian Dollar Improves to 2-Week High as Fed Preaches Patience
The Canadian dollar continues to improve this week. Currently, the pair is trading at 1.3169, down 0.06% on the day. Canada will release ADP nonfarm payrolls and wholesale sales. In the U.S., the markets are expecting positive news. Durable goods...
Fed’s Bullard: Rate hikes, balance sheet reduction ‘coming to an end’
The Federal Reserve is likely near the end of interest rate increases and the program to reduce the bonds it holds on its balance sheet, St. Louis Fed President James Bullard said Thursday. “I think the message from my point...
Canadian Retail Sales Expected To Further Dent BoC Rate Hike Odds
December retail sales will be watched out of Canada on Friday at 13:30 GMT for clues on the prospect of rate increases by the Bank of Canada in 2019. As the Canadian economy loses some steam, the BoC has been...
Aussie Dollar Drops On Coal Ban
Thursday February 21: Five things the markets are talking about Euro equities are struggling for direction, unlike most of its Asian counterparts in the overnight session. The ‘big’ dollar has edged a tad higher after Wednesday’s FOMC minutes, while the...
WTI OIL Outlook: Bulls Look For Extension After Break Of 100SMA But Risk Of Pullback Exists
WTI oil consolidates below new 2019 high ($57.58) on Thursday, after Wednesday’s advance eventually broke above falling 100SMA ($56.74) which obstructed bulls in past two days. Prevailing bullish sentiment was boosted by fresh optimism over US/China trade conflict on news...
Hawkish vs Dovish meaning: How Monetary Policy Affects Fx Trading
You have probably heard a financial news presenter say something along the lines of “The central bank governor came out slightly hawkish today after bouts of strong economic data”. The terms Hawkish Dovish meaning whether central banks are more likely to tighten (hawkish) or...
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