Market Overview

The actions announced by the Bank of Japan (BOJ) following their two-day meeting last week fell short of the market’s expectations and led some commentators to suggest the BOJ is exhausted, at...

Dependence on economic dataYou have to wonder if the economic stars will ever align and show the Fed beyond all doubt that the time is right once again to raise its key rate. Such a time looked to be...

We expect the Bank of England BoE to announce a substantial package of easing measures on Thursday.We expect the BoE to cut the Bank Rate by 25bp, down to 0.25%, and look for an expansion in its stock...

It’s been another mixed start to trading in Europe on Monday and U.S. futures suggest it’s not going to be too different on the other side of the pond.We have another big week in store in...

GBP/AUD Today’s support: - 1.7392 and 1.7364 (main), where correction is possible. Break would give 1.7336, where correction also may be. Then follows 1.7314. Break of the latter would result in...

US-eh?Friday’s poor US GDP report took the greenback lower into the weekend session and the Asian session has not seen too much of a recovery. The US economy grew by 1.2% annualised in Q2,...

Dollar ended the week broadly lower as the weakest major currency as Q2 GDP data could have closed the door for a rate hike in September. Canadian dollar followed as dragged down by weakness in crude...

Last Friday was a consolatory one for the oil market. According to the report from Baker Hughes, the number of active oil drilling rigs rose to 374 (previous: 371). As a result, the last day of July...

The week started with a good risk appetite. The US dollar softened across the board. The US and European equity futures were bid in Asia, as expectations for a Federal Reserve (Fed) rate hike have...

US ISM manufacturing data is due out today and is expected to be unchanged at 53 or slightly higher. The main event this week will be the US non-farm payrolls.No major events or key economic data from...

The EU banking stress test released late Friday was better than feared and should - at least in the short term - reduce tail risk. We do not expect the result of the stress test to be a major game...

The latest IMM data covers the week from 19 July to 26 July 2016To read the entire report Please click on the pdf File Below

VIX rallied early in the week, but pulled back to the trendline by the close.This appears to be a valid reversal pattern.If so, payback may be coming in a very big way to those who have become...

CurrenciesEUR/USD – the weak GDP data out of the US was enough to breach through the resistance around the 1.1116 level and we came close to the next resistance level near the 1.12 level. It...