Market Overview

Donald Trump’s first major budget has now been released. At the core of the economic proposal, Trump has asked Congress to approve $3.6 trillion worth of spending cuts, including slashing aid to...

Sentiment towards EUR/USD has changed. The recent surge has been driven by political risks reversing and by euro-area growth and equity outperformance. Valuation still suggests upside potential in...

For the fifth day in a row, crude oil prices (WTI) rose, bringing with them currencies from commodity-based economies such as the CAD, AUD and the NZD. The roots of this price rally lie in...

We’re expecting a relatively flat open on Wall Street on Wednesday, as traders await the minutes from the FOMC meeting earlier this month having already strongly priced in a rate hike in June,...

Moody's downgrade of China to A1 puts the focus back on China's financial risks stemming from high debt levels and the rapid growth of shadow banking in recent years. We expect focus on China's...

Given the relatively low level of implied volatility in the FX market, we think it is time to consider buying longer-dated FX options either as an FX volatility position or as a proxy hedge as part of...

by Pinchas CohenThe Big News Moody’s cut on rising debt and slowing economic growth leads to Chinese equity declines Aussie and metals dragged down following China's downgrade German and French...

EUR/USD Today Fed FOMC Meeting Minutes. German Manufacturing again better than expected, consistently confirming a long positive trend. Trump's budget proposal, set to be unveiled these days, will...

After staging a modest recovery in North America yesterday afternoon, the greenback is consolidating in narrow ranges. Momentum traders, who appeared to dominate activity recently, paused. To be sure,...

Wednesday May 24: Five things the markets are talking aboutIt’s been a busy overnight session for capital markets. Global equities are mixed after China’s sovereign credit rating is...

The euro continues to have a quiet week, as EUR/USD continues stays close to the 1.12 line. Currently, EUR/USD is trading at 1.1190. In economic news, German Consumer Climate improved to 10.4, beating...

US stocks post fourth straight session of gainsUS stocks ended higher on Tuesday fourth session in a row after the release of 2018 budget proposal by White House spurred expectations of progress with...

EUR/JPYToday’s support: - 124.73 and 124.42 (main), where correction is possible. Break would give 123.99, where correction also may be. Then follows 123.78. Break of the latter would result...

Terrorism threat lingers over sterlingSterling was volatile within its recent range yesterday and finds itself below 1.30 against the USD and a little above 1.16 versus the euro this morning. News...