USD/JPY daily chartThe difference this time around is that the pace of the run higher is one that is less surging and speculative, one might argue. But dip buyers are certainly telling Japanese officials that they are still not deterred. There's going to be plenty of...
ECB’s Rehn: I always knew inflation path would be a bumpy road
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Crude Oil Technical Analysis – We got a key breakout recently
Fundamental OverviewCrude oil managed to eventually break above the key $80 resistance as the market has finally started to catch up to positive drivers. In fact, we got the recent OPEC+'s extension of voluntary output cuts, and we are seeing a pickup in economic...
Trademax Australia Limited Announces Revocation of Interim Stop Orders
Trademax Australia Limited, operating under the TMGM brand, a leading provider of contracts for difference (CFDs) and margin forex trading services, announces that the Australian Securities and Investments Commission (ASIC) has revoked the interim stop orders...
Is Europe on the brink of a new debt crisis?
Inflation is slowly approaching the 2% target, allowing the European Central Bank to cut interest rates by 25 basis points and change rhetoric with room for further easing.This might seem like a positive sign for markets, but French and German 10-year bond yields...
USDCAD Technical Analysis – The hot Canadian CPI trims rate cuts bets
Fundamental OverviewThe USD continues to be backed by good economic data as we have also seen recently from the US PMIs last Friday and the US Consumer Confidence report yesterday. Although such data keeps the interest rates expectations stable around two cuts by the...
Switzerland June UBS investor sentiment 17.5 vs 18.2 prior
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
USDJPY Technical Analysis – The market is testing the intervention level again
Fundamental OverviewThe USD continues to be backed by good economic data as we have also seen recently from the US PMIs last Friday and the US Consumer Confidence report yesterday. Such data keeps the interest rates expectations stable around two cuts by the end of...
Dollar a touch firmer to start the session
The dollar is up a little as we get into European morning trade, with a lack of any real catalysts. EUR/USD is now down nearly 0.3% to 1.0685 while USD/JPY is inching up to 159.90 currently. The greenback is keeping on firmer footing and I would argue that is in part...
European equities rock back and forth on the week so far
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France June consumer confidence 89 vs 89 expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Germany July GfK consumer sentiment -21.8 vs -18.9 expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
FX option expiries for 26 June 10am New York cut
There are just two to take note of on the day, as highlighted in bold.And they are both for EUR/USD, pinned on either side of the spot price at 1.0700 and 1.0750. That is likely to lock price action in the session ahead, with more expiries following that up at 1.0650,...
Not too much on the agenda in European morning trade
The aussie is the main mover so far today, pushing higher after hotter May inflation numbers here. That is reigniting talks of an RBA rate cut heading into August, with the Q2 CPI report at the end of July going to be a big one to watch. Besides that, major currencies...
Is a rate hike back on the menu for the RBA?
In their latest policy decision here, the RBA continues to put out the narrative that they are not ruling anything in or out. It speaks to the uncertainty on the inflation outlook, in which they also argued that the process would not be smooth.But whatever the case...
Forexlive Asia-pacific FX news wrap 26 Jun: AUD jumps after hot CPI data
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Morgan Stanley likes USDCAD and GBPCAD higher
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BNP Paribas on what’s priced into FX markets with upcoming French elections
Indicators suggest valuations and positioning are not at stretched levels.EURUSD valuations are far from having overshot in the move lower.Reinforces conviction for appealing risk-reward to hold short EUR exposure.Elections compound the scope for downside.Positions...
How to position for a possible Canadian recession
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AUDNZD has turned on warp speed today
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