Market Overview

Overall it was a good day yesterday, basically dollar bullish as expected and reflected in all dollar-currency pairs. It was only EUR/JPY that spoiled the party. After having analysed the range of...

This morning's release of the April New Homes Sales from the Census Bureau at 517K was 7K above forecast, with the previous month an upward revision. The Investing.com forecast was for 510K sales,...

The Latest Conference Board Consumer Confidence Index was released this morning based on data collected through May 15. The headline number of 95.4 was a small increase from the revised April final...

Bank of Canada Key Rate Decision at 10 a.m.North-American markets had a difficult day yesterday, because positive economic indicators increase the likelihood that the U.S. Federal Reserve will tighten...

The major central banks of the world have been easing their monetary policies significantly since the financial crisis of 2008. They’ve succeeded in averting another financial crisis so far....

We all know the difference between reality and wishful thinking. Many of us know just how quickly the jaws of reality can crush the life out of unicorn and fairytale stories when fiction is used to...

In the United States, corporate financing relies essentially on the financial markets. In the eurozone, in contrast, bank lending predominates. The main challenge for the European public authorities...

Well that didn’t take too long. In Friday’s Week Ahead report, we highlighted the big breakout above 120.50 in USD/JPY, noting that the breakout “could carry over into this...

Forex News and EventsFed’s officials are being hawkish regarding the first rate hike, increasing the odds of gradual tightening starting as soon as this year, supported by the latest CPI figures...

US futures are pointing lower ahead of the first trading day of this shortened week, as a negative lead from Europe and surprisingly hawkish stance from Fed Chair Janet Yellen weighs on risk...

The US economy is widely expected to grow at a faster rate in the second quarter vs. Q1, but that may turn out to be a hollow achievement. Indeed, the hurdle is quite low for beating the near-flat...

The latest IMM data cover the week from 13 to 19 May 2015. Investors continued to liquidate USD longs and cover EUR shorts in the week ending 19 May, thus extending the tendency seen since late March...

Market Drivers May 26, 2015USD/JPY hits fresh multi year highsEUR/USD takes out 1.0900 as Greece weighsNikkei 0.12% Europe -0.63%Oil $60/bblGold $1197/oz.Europe and Asia:NZD Trade Balance 123M vs....

Widening divergence between Fed and ECBJanet Yellen’s words of caution are clearly ringing in the ears of traders this morning as the residual effects of a fairly hawkish Fed weigh on European...