1-888-998-3948


10-01-2019 08:15

Reserve Bank of Australia cuts interest rates for the third time this year
Reserve Bank of Australia cuts interest rates for the third time this year

• RBA cuts rates by 25bp to 0.75%, leaves door open for more cuts. AUDUSD falling hard.
• USDCAD benefits from AUD sales. Weak Canadian GDP growth for July helping.
• EURUSD trying to bounce after slightly better than expected final Manufacturing PMI out of Germany.
• GBP market doesn’t appear to have faith in Boris Johnson’s new Irish border proposal.
• Poor JGB auction in Japan spokes Japanese bond market. Lifts US/German yields and USDJPY.
• US Manufacturing ISM for September on deck at 10amET. Traders expecting 50.1.

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


09-30-2019 08:15

EURUSD trades to new 2 year low
EURUSD trades to new 2 year low

• Weak technicals, mediocre German data, option expiries weighing on EUR.
• Sterling holds 1.2290s support after mild beat on Q2 annualized GDP.
• AUDUSD very quiet ahead of RBA interest rate decision tonight at 12:30amET.
• USDCAD buyers return after oil drops 1% on Saudi MBS’s peace comments.
• USDJPY testing 108.10s to the upside yet again as US 10yr yields try to regain 1.70%.
• Big week ahead for US data and Fed-speak.

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


09-25-2019 08:15

Nancy Pelosi announces impeachment "inquiry" against Trump
Nancy Pelosi announces impeachment

• Trump calls Democrat’s bluff. Will release telephone transcript later today.
• Markets not falling for Pelosi’s PR stunt. USD now higher after initially trading lower. S&Ps flat.
• Pound craters as nobody proposes clear path forward on Brexit post Supreme Court ruling.
• USDCAD bounces, led by broad USD strength and more selling in oil markets.
• EURUSD backs off 1.1020s, but massive 1.1000 option expiry likely to support into tomorrow.
• EIA oil inventory report at 10:30amET. Boris Johnson speaks at 12pm. Trump speaks at 4pmET.

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


09-24-2019 08:15

UK Supreme Court rules suspension of UK parliament was unlawful
UK Supreme Court rules suspension of UK parliament was unlawful

• Boris Johnson suffers another defeat, but the market likes it. GBPUSD rallies 50pts.
• Sterling rally and topside option expiries help EURUSD shake off mixed German IFO report.
• RBA’s Low says the Australian economy had reached a “gentle turning point”.
• OIS market reduces Oct 1st rate cut odds to 62%. AUDUSD regains 0.6780s.
• USDCAD re-challenging trend-line support in the 1.3240s. Next support 1.3220s.
• USDJPY hoisted by positive NY close, but slumping US 10yr yield now weighing again.

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


09-23-2019 08:15

Germany's manufacturing PMI prints a new 10yr low this morning
Germany's manufacturing PMI prints a new 10yr low this morning

• EURUSD falls 50pts. Bund yield drop 6bp. German recession fears get dialed up a notch.
• Risk-off flows knock S&Ps, USDJPY and oil prices lower.
• USDCAD still struggling at 1.3300 chart resistance level. AUDUSD holding Friday’s lows.
• GBPUSD dragged lower by EURUSD sales. UK Supreme Court decision due tomorrow at 6:30amET.
• Lots of central bank speak on the docket over next 24hrs. ECB’s Draghi and Fed’s Williams on deck this morning.
• Fed’s Bullard & Daly + ECB’s Lane later today. RBA’s Low speaks at 6amET tomorrow.

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

Posted By Rachel Butler at 08:15 AM

Comments

Read More


09-20-2019 08:15

Canadian Retail Sales on deck
Canadian Retail Sales on deck

• Market consensus is +0.6% MoM, +0.3% ex. Autos.
• Traders also watching results of NY Fed’s latest repo operation. $75blnUSD to be offered overnight again today.
• Sterling reversing yesterday’s upside breakout as traders await Juncker’s full interview on Sunday.
• EURUSD following GBPUSD lower, continues to fail at 1.1060s.
• AUDUSD ending a rough week with negative momentum.
• USDJPY finds mild support for US yields, but may also have “quad” witching to deal with.

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


09-19-2019 08:15

Powell disappoints markets again by brushing off repo mess
Powell disappoints markets again by brushing off repo mess

• Fed rate cut recovers though after initially taking a hit. Bond yields and USD lower, gold higher.
• NY Fed completes another 75blnUSD injection of liquidity into repo markets. Now 203bln in 3 days!
• USDCAD backs off 1.3300 level, with Pompeo saber rattling giving oil prices a bid.
• EURUSD knocking on 1.1060s again. GBPUSD bid after Bank of England leaves interest rates on hold.
• AUD lags on weak Australian employment report for August. OIS now pricing in 80% chance of RBA cut on Oct 1st.
• Bank of Japan keeps accommodative monetary policy on hold. Checks to October.

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


09-17-2019 08:15

Repo goes berserko
Repo goes berserko

• US overnight treasury repo rates skyrocket to 7-10%, sparking bank liquidity fears.
• No spillover effect into bond markets so far with US treasury and bund yields steady.
• AUDUSD falls below 0.6855 channel support after dovish sounding RBA Minutes.
• Canadian Manufacturing Sales miss expectations while US Industrial Production beats.
• BOJ thinks they could cut rates further. JGB yields behaving now though.
• Oil markets eagerly awaiting Prince Abdulaziz’s 1:15pmET press conference.

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


09-16-2019 08:15

Oil markets spike 15-20% higher after weekend attack on Saudi Arabia shuts down 50% of production
Oil markets spike 15-20% higher after weekend attack on Saudi Arabia shuts down 50% of production

• US Secretary of State Pompeo quick to blame Iran. China and Russia urging restraint. Iran slams accusations.
• Saudi Arabia still exporting crude from stockpiles, but admits return to normal “may take months” (Reuters).
• USDCAD, USDJPY and S&P futures gap lower, but sense of calm return to markets as oil traders fade sessions highs.
• EURUSD slumps after disappointing NY close on Friday, angst ahead Fed’s rate decision on Wednesday.
• BOE and BOJ meetings on deck this week as well + German ZEW, Australian jobs, Canadian CPI/Retail Sales.
• Chinese Industrial Production and Retail Sales data disappoints for August. AUDUSD and copper weaker.

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


09-13-2019 08:15

EUR violently reverses higher post ECB press conference.
EUR violently reverses higher post ECB press conference.

• Bullish outside day forms on the EURUSD daily chart. German bund yield spikes higher.
• Markets not so confident in ECB’s ability to fix what’s wrong with Europe.
• GBPUSD breaks out to the upside following concessions from the UK DUP party on the Irish border.
• US Retail Sales for August beats expectations, allowing USDCAD to break above 1.3220s.
• AUD continues to struggle since yesterday’s false breakout higher. 0.6855-0.6875 channel pivotal.
• USDJPY recovers off yesterday’s lows, but reportedly running into Japanese exporter offers.

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