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Remarks from European Central bank officials and Italian Economy Minister Giovanni Tria over the past week have led to volatile movements on the parite side. In his speech on monetary expansion and interest rates, Mario Draghi, the Head of the European Central Bank, who first made accurate statements earlier in the week, put pressure on Euro assets to sell. In addition, the Austrian Central Bank President and ECB Board Member Ewald Nowotny, the French Central Bank President and ECB Board Member …
Blog de la Communauté FX
20/04/2017
The euro is taking a major leg-up against the dollar on Thursday. Gains were capped by the weekly R3 at 1.0780.
Sterling is rallying once again after yesterday’s consolidation phase. Any further gains will likely by fueled by weaker US fundamental data, as there is no fundamental data committed with the UK set to be released during Thursday’s journey. Governor Carney will speak later in the day and a dovish tone will likely push sterling lower.
Dollar/yen gradually moves higher. Though, recove…
Sterling is rallying once again after yesterday’s consolidation phase. Any further gains will likely by fueled by weaker US fundamental data, as there is no fundamental data committed with the UK set to be released during Thursday’s journey. Governor Carney will speak later in the day and a dovish tone will likely push sterling lower.
Dollar/yen gradually moves higher. Though, recove…
Live TV interview about the AUD/CHF with Dukascopy
I am interviewed on Dukascopy TV by the talented Jessica Walker about the AUD/CHF news and pair trading.
I give my opinion and insights about technical price levels.
Watch live on Dukascopy
Watch live on YouTube
I give my opinion and insights about technical price levels.
Watch live on Dukascopy
Watch live on YouTube
Greece Saga Final Act
This time around the count down has started for Greece and they are really running out of time. Recent developments in the past 24 hours have been quite substantial and make no mistake about it Greece is going to default as IMF has send quite a strong message that they are not going to move the deadline for the debt repayment which is 30 Jun and the Greek referendum over paying/nopaying the debt is useless.
The tell-tale signs of disaster wi…
- Greece bank Run
Photo Source: TheGuardian
The tell-tale signs of disaster wi…
US Retail Sales disappoint
The Dollar sold off sharply after the release of weaker than expected US Retail Sales report. Cable surged 100 pips on the release and added another 50 or so pips after IMF revised down US GDP projections. It is up nearly 200 pips from post-CPI daily low just above 1.46. Immediate resistance comes in at 1.4790 - 1.4800 (H1 200 SMA, H4 50 SMA, D1 10 SMA).
BRICS: Set Up Their Own "World Bank"
The BRICS countries set up their own "World Bank"
More control and more security is wanted. The five largest emerging economies, the so-called BRICS countries, therefore they deepen their alliance. They are setting up a multibillion Dollar alternative to the International Monetary Fund (IMF) and the World Bank.
The BRICS countries represent four continents, make up 26 percent of the earth's surface and make up almost half the world's population. Compared to these figures their influence in the w…
More control and more security is wanted. The five largest emerging economies, the so-called BRICS countries, therefore they deepen their alliance. They are setting up a multibillion Dollar alternative to the International Monetary Fund (IMF) and the World Bank.
The BRICS countries represent four continents, make up 26 percent of the earth's surface and make up almost half the world's population. Compared to these figures their influence in the w…
2014 FX Market Outlook - AUD (part 2)
This is my second blog post in an attempt to give you my brief FX Market Outlook for this year. In my first post I've been talking about my YEN outlook, you can check it here For now we're going to stop and talk about Aussie and what is the market expectation for this year.
After RBA cut its benchmark interest rate to a record low in an attempt to stimulating borrowing thus the overall economy, aussie dollar was on pressure and has kept pressing lower for the most part of the last year. A…
After RBA cut its benchmark interest rate to a record low in an attempt to stimulating borrowing thus the overall economy, aussie dollar was on pressure and has kept pressing lower for the most part of the last year. A…
AUD/USD-RBA Interest Rates Decision
The sentiment surrounding Australian dollar has remained very negative after RBA has decided to kept the door open for another round of interest rate cut if the economy is not showing signs of recovery. And although RBA may decide to keep the interest rate at record low level of 2.5% this should also translate in negative reaction. More likely RBA governor Glenn Stevens will use his rhetoric to take down aussie. Last month IMF suggested that the aussie dollar is 10% overvalued and recommended RB…