1-888-998-3948


07-19-2019 08:15

Fed's Williams goes uber dovish yesterday. NY Fed and Bullard try to dial it back.
Fed's Williams goes uber dovish yesterday.  NY Fed and Bullard try to dial it back.

• Embarrassing Williams fiasco sees “Fed rate cut trade” explode higher, then retrace.
• EURUSD and Italian markets fretting about possible snap election in Italy.
• Canadian Retail Sales for May miss expectations: -0.1% MoM vs +0.3%.
• Fed’d Bullard to speak at 11amET. Says again this morning that 50bp cut not warranted.
• How short are the funds now in GBPUSD?
• AUDUSD breaks higher above 0.7040 resistance, holding half of gains post Williams.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Mandee Myers at 08:15 AM

Comments

Read More


07-18-2019 08:15

EU's Barnier "ready to work on alternative arrangements” regarding the Irish border
EU's Barnier

• GBP rallies across the board. Lawmakers now voting on plan to make it difficult for future PM to prorogue parliament.
• EUR sells off following Bloomberg report about ECB studying revamp of inflation mandate.
• Crude catches a bid following reports of Iran seizing a “foreign” tanker smuggling Iranian oil.
• Bank of Korea surprises with 25bp rate cut. AUD rallies following “ok” Australian jobs report for June.
• US Philly Fed report for July beats expectations. Canadian ADP report for June also beats.
• More Fed-speak on deck today from Bostic and Williams.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Mandee Myers at 08:15 AM

Comments

Read More


07-17-2019 08:15

Positive talk on Iran clubs oil prices yesterday, lifts CAD crosses
Positive talk on Iran clubs oil prices yesterday, lifts CAD crosses

• USDCAD back near 1.3070s pivot. EURCAD back above 1.4640s.
• Canada reports mildly weaker CPI report for June. May Manufacturing Sales miss expectations.
• US reports weaker than expected June Housing Start and Building Permit data.
• GBP looks the victim of sell stop hunting in Europe. UK reports in-line CPI data for June.
• Weak base metal prices sees AUDUSD slump back to 0.7000 ahead of Australian jobs report tonight.
• Weekly EIA oil inventory report up next at 10:30amET. APIs come in bearish last night. Fed Beige Book at 2pmET.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Mandee Myers at 08:15 AM

Comments

Read More


07-16-2019 08:15

Boris Johnson & Jeremy Hunt declare Irish backstop dead
Boris Johnson & Jeremy Hunt declare Irish backstop dead

• GBPUSD plunges to Jan 3rd flash crash lows. EURGBP finally breaks above 0.9000.
• German ZEW for July MISSES: -24.5 vs -22.3 for Economic Sentiment and -1.1 vs +5.0 for Current Situation.
• EURUSD falling with GBPUSD and EURJPY cross sales.
• US Retail Sales for June BEATS: +0.4% MoM vs +0.2%. US bonds, gold and Eurodollars tick down. USD broadly upticks.
• USDJPY benefits the most, with clean break back above 108.10s.
• USDCAD doesn’t benefit at all and continues lower, with EURCAD cross sales weighing.
• AUDUSD backs off 0.7040 chart resistance following RBA Minutes overnight.
• Slew of Fed-speak on the way today, including Powell at 1pmET.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Mandee Myers at 08:15 AM

Comments

Read More


07-15-2019 08:15

Upbeat Chinese industrial production data for June lifts CNH and commodity currencies
Upbeat Chinese industrial production data for June lifts CNH and commodity currencies

• China June Industrial Production +6.3% YoY vs +5.2% exp. Chinese yuan and copper prices rally.
• USDCAD pressuring 1.3020s while AUDUSD inches higher towards 0.7040s.
• EURUSD and GBPUSD struggling with overhead chart resistance. GBP lags as EURGBP makes run for 0.9000 again.
• Leveraged funds add to USDCAD, EURUSD and GBPUSD shorts during week ending July 9, trim AUDUSD short positions
• USDJPY back under pressure as 108.10 support gives way on Friday. Japanese markets closed for Marine Day today.
• Powell speech, German ZEW, Australian jobs, UK CPI/Retail Sales, Canadian CPI/Retail sales data on tap for this week.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Mandee Myers at 08:15 AM

Comments

Read More


07-12-2019 08:15

Rally in bund yields, hotter US inflation data and not-so-dovish Fed-speak stifles Fed rate-cut trade
Rally in bund yields, hotter US inflation data and not-so-dovish Fed-speak stifles Fed rate-cut trade

• German bund yield extends to new 2 week highs of -0.23%.
• Fed’s Barkin, Bostic and Quarles speak more positively about US domestic outlook.
• Broader USD mixed, with commodity currencies extending post Powell gains, while EUR and GBP lag.
• State of emergency declared in Louisiana over Tropical Storm Barry. Crude oil holding gains greater than $60.
• Gulf of Mexico oil production cut by 53% (1mln bpd) according to US government.
• US PPI for June BEATS expectations: +1.7% YoY vs +1.6% on headline, +2.3% YoY vs +2.1% on core.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Mandee Myers at 08:15 AM

Comments

Read More


07-11-2019 08:15

Everyone's blaming it on trade tensions. Could it be something more?
Everyone's blaming it on trade tensions. Could it be something more?

• Powell cites increased risks of trade tensions, slowing global growth, low inflation in testimony to Congress.
• Rate cut of 25bp at July 31 FOMC meeting now a foregone conclusion. Odds of 50bp cut increase back up to 30%.
• Bonds recover, August gold surges back above 1404 level, Dec Eurodollar futures back to pricing EFF below 2.00%.
• Bank of Canada keeps rates on hold, but gives global trade tension more airtime than expected.
• August crude oil surges 4% following bullish EIA inventory data. Tropical storm Barry adding to market bid.
• US CPI reports June CPI in-line with expectations of +1.6% YoY. Core measure BEATS, +2.1% YoY vs +2.0% exp.
• Jerome Powell back at it today; testifying this time before Senate Banking Committee at 10amET.
• Fed’s Williams, Bostic, Barkin, Quarles and Kashkari speaking today as well.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Mandee Myers at 08:15 AM

Comments

Read More


07-10-2019 08:15

All eyes on Powell at 10amET. Text of testimony to be released at 8:30amET.
All eyes on Powell at 10amET.  Text of testimony to be released at 8:30amET.

• Bank of Canada interest rate decision and Monetary Policy Report at 10amET as well. Press conference at 10:15amET.
• USDCAD overnight options pricing predicting 70-80pt intra-day range.
• August crude 2% higher after weekly API reports shows larger than expected oil inventory draw.
• Weekly EIA oil inventory report at 10:30amET. Fed’s Bullard speaks at 1:30pmET. FOMC Minutes at 2pmET.
• Global bond yields continue to show anxiety ahead of Powell. US 10s back up to 2.10%. German bunds back to -0.30%.
• UK May Industrial Production and Manufacturing Production figures miss expectations. UK May GDP comes in +0.3% MoM.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Mandee Myers at 08:15 AM

Comments

Read More


07-09-2019 08:15

Fed rate-cut trade get nervous ahead of Powell testimony
Fed rate-cut trade get nervous ahead of Powell testimony

• US treasuries, Eurodollar futures, and gold dip lower again. USD broadly higher.
• Sterling takes out chart support at 1.2500, trades to new 6 month lows. Funds continue to short the market.
• EURUSD getting dragged lower as ECB bond buying talk makes the rounds again. Funds covered shorts during week ending July 2.
• AUDUSD slips lower again as gold re-losses the 1404 level. May NAB Survey disappoints vs last month.
• Funds now net flat USDJPY ahead of Powell testimony, USDJPY holding gains above 108.70s.
• USDCAD drifts back to Friday’s highs amid broad USD strength. Funds flip to net short position during week ending July 2.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Mandee Myers at 08:15 AM

Comments

Read More


07-08-2019 08:15

FX markets quiet. Deluge of Fed-speak on tap this week.
FX markets quiet.  Deluge of Fed-speak on tap this week.

• Fed’s Powell to deliver semi-annual MPR before Congress on Wednesday and Thursday.
• FOMC Minutes and speeches from the Fed’s Bostic, Quarles, Barkin and Kashkari also expected.
• Fed rate-cut trade gets hit on Friday following upbeat June payrolls report. 50bp rate cut odds for July get priced out.
• USDCAD traders continue to sell on rallies. Bank of Canada meets on Wednesday, where a more upbeat hold to rates are expected.
• EURUSD clings to support just above 1.1200 as weak German data/strong US job report reaffirms market down-trend.
• USDJPY surges higher past its G20 highs. Bond yields in focus heading into Powell testimony.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Mandee Myers at 08:15 AM

Comments

Read More

Pages: 1 2 3 4 5 6 7 8 9 10  »

Search



Platinum Passport

Travelers: Never miss a thing and be the first to know about CXI branch promotions, travel tips and hot trends.


Currency Insider

Corporations & Financial Institutions: Want to get ahead of the curve for the upcoming week? Get CXI's currency market trend analysis sent directly to your inbox weekly.


News Archive


Tags