Trade war hits Asian FX
By Morgan Davis Big global banks still dominate FX trading in Asia, according to the latest results from the annual survey of the industry carried out by Asiamoney’s sister publication Euromoney. JPMorgan beats Bank of America Merrill Lynch to the...
Euro Pressured after ECB, Yen Rises on Falling Treasury Yields
Euro weakens broadly after ECB kept monetary policies unchanged. While president Mario Draghi delivered not much new in the press conference, he did acknowledged that downside risks are materializing. Recovery in EUR/USD and EUR/JPY now look rather short-lived. Meanwhile, Dollar...
EUR/USD Outlook: Euro Eases on Soft Tone from Draghi, Stronger Dollar after US Inflation Data
The Euro fell over 50 pips after data on Wednesday, pressured by stronger dollar and soft tone from ECB President Draghi in the press conference that followed policy meeting. The European Central Bank left interest rates unchanged, as widely expected,...
Rising gasoline prices and rents boost US consumer prices in March
U.S. consumer prices increased by the most in 14 months in March, but underlying inflation remained benign against the backdrop of slowing domestic and global economic growth. The tame inflation environment and moderating economic activity support the Federal Reserve’s decision...
CADJPY Struggles Around 40-SMA, Flat In Short Term
CADJPY has been finding strong support on the 40-day simple moving average (SMA) since the beginning of this month, creating a narrow sideways move. Regarding to the momentum indicators, the RSI is flattening near the neutral threshold of 50 and...
How to Trade Consistently Without Having the Perfect Strategy
The Secrets of Consistent Trading: Talking Points Having a consistent trading strategy can’t be understated when it comes to the process of trading. This is because uniformity leads to sensible trading decisions. But building an edge in the market has...
Brazil leads LatAm private equity surge
Private equity (PE) deals have recovered sharply in 2019 in Latin America, according to data from the Emerging Markets Private Equity Association (EMPEA). In the first half of 2019, international PE flows to the region reached $4.4 billion – a...
EURUSD ECB Meeting Key
The euro is holding above trendline support against the US dollar ahead of the ECB interest rate decision and monetary policy statement. Sellers are currently unable to move price below the 1.1250 level, keeping the overall intraday bullish bias intact....
EURJPY In A Short Downtrend, Bulls Wait Above 126.77
EURJPY is building a downtrend below 127.49 since the start of March, with the pair being set to register another lower high this week around 125.60. The technical picture suggests neutral conditions for short-term trading as the RSI and the...
ECB Meeting And EU Summit On Brexit Take Centre Stage
Market movers today It’s a busy day today with lots of data and events. The ECB kicks of the action with its meeting and press conference at 14.30 CEST. We expect Draghi to repeat his ‘delayed, not derailed’ inflation message,...
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