Market Overview

The US dollar turned in a mixed performance last week which, given the softer than expected inflation, retail sales data, and industrial output figures, coupled with the poor technical backdrop, could...

Bank Indonesia will use the 7-day reverse repo rate as its new benchmark policy rate The ruling party in South Korea unexpectedly lost parliamentary elections The Monetary Authority of Singapore...

At the IMF/World Bank meetings this past week, Chinese officials were again pushing for greater use of the IMF's unit of account, Special Drawing Rights. It is China's turn as the rotating host of the...

Speculators were undeterred by the threat of BOJ intervention. In the CFTC reporting period ending April 12, speculators boosted their net and gross long yen positions to new record highs. The bulls...

The US economy has seen a sometimes sluggish, but steady recovery from the depths of the Great Recession. Thankfully, as credit becomes more readily available, consumer spending should continue to...

Forex News and EventsChina’s economy stabilise in the first quarter (by Arnaud Masset) From our standpoint the latest batch of economic data from China was rather encouraging as it proved that...

A fairly sanguine reaction to Chinese GDP growth in the first quarter. Released in the early hours, the data showed that China slowed to 6.7%, down from 6.8% in Q4. Retail sales and industrial...

China's slew of economic data lends credence to ideas that the world's second-largest economy may be stabilizing. However, the data failed to have a wider impact on the global capital markets,...

Asian markets have shown signs of dullness after a hefty week of gains. Traders have somewhat failed to show their enthusiasm towards another set of stunning economic data released from China. It...

No major economic data out of Europe today and no rating reports on EU sovereign bonds tonight.Focus will be on a string of US economic data. We will be looking at the industrial production data and...

Chinese activity data today clearly confirms that the Chinese economy is recovering. This was signalled by the sharp rise in PMI for March and is now confirmed in investment and industrial production...

More QE or not - that's the question (for the Riksbank's April meeting).Gravitating import prices. The FSA and Riksbank - on different planets? To read the entire report Please click on the pdf File...

Asian markets are steady as a batch of economic data from China affirmed the view that economy there is stabilizing. Q1 GDP growth slowed to 6.7% yoy, down from prior quarter's 6.8% yoy, meeting...

Currencies EUR/USD: The pair is trading below its downward trend line on a 4 hour time frame. The next support is near the 1.1141 level and the resistance is at 1.1495. USD/JPY: The pair has...