In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, Cable could still visit the 1.35/1.36 band. Key Quotes “GBP/USD continues to correct higher near term. The Elliott wave count is pointing to a corrective rebound into the...
JPY and CHF are the top G10 gainers, up +0.71% and +0.04% (vs USD) while SEK and NOK are the top losers, down -1.36% and -1.17% (vs USD). Italian fears are back and we are seeing financial markets trading...
A steady stream of economic data and monetary policy fills the economy calendar on Wednesday. For traders of North America, the afternoon session will feature an important rate announcement from the Reserve Bank of New Zealand (RBNZ). Action begins...
CME Group’s advanced figures for EUR futures markets showed open interest increased by 982 contracts on Friday from Thursday’s final 562,849 contracts. Volume, instead, decreased sharply by more than 182K contracts, partially trimming the significant advance seen during the...
The euro has moved lower against the U.S dollar, after European Central Bank President Mario Draghi issued a stark warning about potential Trade Tariffs from the U.S during yesterday’s ECB policy meeting. The EURUSD tumbled back towards the 1.2300...
CME Group’s preliminary data for EUR futures markets showed investors trimmed their open interest positions for the third consecutive session on Friday, this time by 3.1K contracts vs. Thursday’s final 560,868 contracts. Volume followed suit, down by 65.6K contracts....
The German prelim CPI Overview The German inflation data is up for release later this session at 1300GMT, with the CPI figures expected to rebound to +0.6% m/m in February, while easing 1.3% annually, compared to the 1.4% result reported in...
Cable could extend the upside to the boundaries of the 1.4100 handle, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “GBP/USD held relatively steady last week and we remain unable to rule out another attempt on...
• Bullish momentum fizzles out ahead of the 0.7900 handle. • Weaker USD/US bond yields fail to provide any fresh bullish impetus. The AUD/USD pair trimmed some of its early strong gains and has now retreated over 20-pips from multi-day tops...
ECB Governing Council member Ewald Nowotny is on the wires now, via Reuters, speaking at the Euromoney CCE Conference in Vienna. Nowotny noted that the Euro exchange rate must be observed. His comments come after ECB’s Constancio said that he will be...
