| Title | Description |
| Squeezed To Square: A False EUR Bid Into FOMC? |
Asset class prices continue to fluctuate, mostly on the market's expectation of Fed tapering through QE easing later this year. The degree of 'swaying volatility' has already tapered somewhat, on the back of last week's major positioning. Mind you, there are always a few last minute requirements that unnerve the |
| Dollar Moves Higher, Fed Monetary Outlook In Focus |
The dollar rose against major counterparts Monday ahead of the U.S. Federal Open Market Committee's two-day policy meeting tomorrow, while traders are expecting to get fresh clues about the Fed's next move. The USDIX, which tracks the performance of the greenback against a six-currency basket, rose 0.16% to 80.71 as |
| Event-Full Week Ahead |
The two-day G8 gathering starts today in Northern Ireland, to launch the event-full week ahead of us. The FOMC meeting, the SNB and the Norges Bank's policy verdicts are some of the key events on this week's busy agenda. The FX markets started the week with broad based position adjustments. |
| European Market Update |
The week began on a quiet note in Europe with focus already on Chairman Bernanke's policy statement mid-week. Disappointment from the University of Michigan consumer confidence out of the US on Friday, on top of the Hisenrath argument tempering expectations for immediate tapering and higher rates, appeared to have tilted |
| European Stocks Gain Before FOMC Meeting |
European stocks opened higher Monday, rebounding from last week`s losses as investors awaited clues whether the Federal Reserve might exit its quantitative easing program this week. |
| Counting Down To The Fed |
On Friday, the decline of the dollar slowed, but the US currency still failed to perform any rebound worth mentioning. USD/JPY is still within reach of the lows. EUR/USD is running into resistance in the 1.33 big figure. The outcome of the Fed meeting will probably decide on the next |
| Morning Forex Fundamental |
Prices of electricity, fruit and vegetables helped to boost consumer prices in the Eurozone off its three-year low last month, suggesting some stabilization in the struggling to grow region. Figures from the EU statistics office Eurostat showed that inflation picked up on both monthly and yearly basis, edging up 0.1% |
| FX Volatility Continues Before G-8 Summit, Fed Policy |
Calm is still far from the financial markets facing more volatility with the start of the week, as traders brace for another heavy round of first-tier economic events, featuring the G-8 meeting and the Fed's interest rate decision. The euro fell against the dollar Monday before data on the euro |
| G8 Summit In Sight |
Asian markets started the week with improved sentiment. Stock markets mostly traded in the green zone before the two-day G8 summit starts in Northern Ireland today. The Nikkei 225 rallied 2.73%, Hang Seng added 1.34%, while ASX 200 and NZX 50 gained 0.71% and 0.60% respectively. PBOC fixed CNY at 6.1598, a fresh record high against USD. |
| Asian Market Update |
Asian markets are trading mixed entering the new week with an eye on the Wednesday announcement from the Federal Reserve. Disappointment from the UofM consumer confidence out of the US on Friday, on top of the Hisenrath argument tempering expectations for immediate tapering and higher rates, appears to have tilted |
| USD/CHF: Swissy Moving Lower In The Asian Session |
The pair is expected to find support at 0.9201, and a fall through could take it to the next support level of 0.9161. The pair is expected to find its first resistance at 0.9276, and a rise through could take it to the next resistance level of 0.9311. |
| USD/CAD: Loonie Fell On Unexpected Drop In Canadian Manufacturing Shipments In May, Trading ... |
The pair is expected to find support at 1.0135, and a fall through could take it to the next support level of 1.0107. The pair is expected to find its first resistance at 1.0189, and a rise through could take it to the next resistance level of 1.0215. |
| AUD/USD: Aussie Reverses Its Direction In The Asian Session |
The pair is expected to find support at 0.9567, and a fall through could take it to the next support level of 0.9517. The pair is expected to find its first resistance at 0.9662, and a rise through could take it to the next resistance level of 0.9707. |
| EUR/USD: Euro Moving Southwards In The Morning Session |
The pair is expected to find support at 1.3292, and a fall through could take it to the next support level of 1.3262. The pair is expected to find its first resistance at 1.3355, and a rise through could take it to the next resistance level of 1.3388. |
| GBP/USD: UK's Rightmove House Price Index Advances In June |
The pair is expected to find support at 1.5634, and a fall through could take it to the next support level of 1.5566. The pair is expected to find its first resistance at 1.5751, and a rise through could take it to the next resistance level of 1.5800. |
| USD/JPY: Tertiary Industry Activity In Japan Remains Flat In April |
The pair is expected to find support at 94.07, and a fall through could take it to the next support level of 93.31. The pair is expected to find its first resistance at 95.50, and a rise through could take it to the next resistance level of 96.17. |
| AUDUSD's Fate May Be Decided This Week |
The Australian dollar's spectacular fall against the USD dollar over the last couple of months has intensified speculation that a deeper correction may be around the corner. A slew of events and data releases this week may provide fuel for a pull-back or quicken the pair's decent. |
| Big Week For EURNZD |
It's a big week for the euro and the kiwi, with a slew of potential market moving announcements and data releases, and let's not forget the G8 summit kicks-off in Northern Ireland tomorrow. |
| Japanese Tertiary Industry Fell On Yen's Instability |
Japanese tertiary industry index came less-than-estimated in April, where Japanese industrial companies negatively affected on the recent instability in Japanese yen's prices, which curbs Japanese companies' revenues. Japanese economy released its tertiary industry index reading concerning the month of April, where the reading fell to 0.0%, compared with a previous |
| NZ Q1 GDP, China HSBC Manufacturing PMI On Taps This Week |
A range of key Asian economic indicators is on taps this week as New Zealand readies to unveil the heavy-caliber first quarter growth data China to release the June HSBC manufacturing PMI figures. First off is New Zealand, setting up to release the quarter-one gross domestic product report amid expectations |
