Growth Forecasts Cut The Japanese Yen has come under a little selling pressure across the European morning on Friday following the July BOJ meeting overnight. The meeting was largely muted with the...
FOMO Friday: Crude Collapses 6%
Oil ReversesAnother week draws to a close and its been a much quieter week for traders, a glimpse of the duller summer sessions to come perhaps. However, despite the lack of any explosive moves, there...
June CPI Report Didn’t Impress Powell Leaving USD Without Support
Powell’s cautious comments yesterday curbed USD gains and should support currencies which offer high interest rates as their appeal also depends on how long the US interest rate will stay low. Growth...
BOC Cuts QE Further But Reduces Growth Forecasts
Rates On Hold, QE Cut FurtherThe July Bank of Canada meeting held yesterday saw the central bank striking an optimistic tone on the economy. In line with expectations, the BOC further reduced its...
The Crude Chronicles - Episode 98
Oil Traders Cut LongsThe latest CFTC COT institutional positioning report shows that oil traders trimmed their net long positions last week by a further 25,139 contracts, taking the total position...
High US Inflation Doesn’t Scare if we Look Under the Hood of the Report
June inflation report came as a surprise to investors, however, there seems to be no major shift in Fed expectations after the release. The intraday market reaction after the release of the report...
NZD Soars As RBNZ End QE
Hawkish RBNZThe New Zealand Dollar has been in strong demand across the European morning today with the antipodean currency leading the pack currently. The moves come in response to the July RBNZ...
Precious Metals Monday 12-07-2021
GoldFollowing the decline seen across June, gold price are attempting to recover so far this month with price making its way up off the sub 1763.88 lows to around the 1804 mark as of writing. The...
Dollar Rise may Continue This Week. What are the key Resistance Levels?
The Dollar index resumed rally on Monday amid signs of renewed distress in equity markets. Demand for Dollars could also start to pick up as investors price in potential bullish surprises in the June...
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