Week Ahead by Crédit Agricole: FOMC, BoJ, RBNZ, Buy USD, Sell JPY & Commodity FX "Risk sentiment by the end of the week has stabilised, mainly in reaction to ECB President Draghi making a case of considering additional policy action as soon as March. Even if China-related growth uncertainty is likely to keep cross market volatilities high, further stabilising conditions cannot be excluded in the short-term. This is especially true as ...
ECB, BoC, China, Risk Off, USD Decouple "Further tightening of global financial conditions seems therefore inevitable, leaving risk-correlated and commodity currencies vulnerable while supporting safe haven currencies like JPY and EUR.""The GBP decoupling trade has imploded under the weight of Brexit fears and concerns about the USD decoupling trade are starting to mount.""We remain cautious on risk-correlated currencies and think ...
Forex Weekly Outlook January 4-8 2016 begins with a busy calendar: Canadian employment data, US PMIs, Trade Balance, FOMC Meeting Minutes and employment data culminating with the Non-Farm Payrolls. In addition, liquidity is set to return after the holiday season. These are the highlights opening 2016. Join us as we explore these market-movers. U.S. consumer confidence edged up to 96.5 from 92.6 in November, beating market forecasts. Current conditions improved from ...
US Dollar: Greenback Looks in Trouble Heading into New Year The US Federal Reserve has finally raised interest rates, and this in itself should support the US Dollar in 2016. Yet a key factor that may stand in the way of further Dollar gains is straightforward: expectations. The Fed expects it will raise rates four times in 2016, but markets predict only half of that. Whether or not the USD finishes higher will depend on this key theme. ...
EUR/USD Intra-Day Fundamentals - International Trade in Goods and 38 pips price movement 2015-12-29 13:30 GMT | [USD - International Trade in Goods] past data is -58.4Bforecast data is -60.7Bactual data is -60.5B according to the latest press release if actual > forecast (or previous one) = good for currency (for USD in our case) [USD - International Trade in Goods] = Difference in value between imported and exported goods during the reported ...
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