The Latest in Forex News & Analysis.

September 17 week

By | September 13, 2018 6:41 pm | 0 Comments

The Bank of Japan is expected to keep policy unchanged on Tuesday evening (NY time),  as well as The Swiss National Bank on Thursday.

Otherwise a rather light schedule week with no major data out of the U.S.

Latest from Barnier

By | September 10, 2018 9:09 am | 0 Comments

It seems every time Michel Barnier speaks lately, he sends cable into a frenzy.

This morning his comments sent Sterling higher in a hurry, jumping up 100 points in a matter of minutes.

He said he believes a Brexit deal can be done realistically within 6-8 weeks.

September 10 Week

By | September 6, 2018 8:03 pm | 0 Comments

Bank of England and European Central Bank are scheduled to hold monetary policy meeting on Thursday Sep 13, both are expected to keep rates unchanged.

Sep 3 week

By | September 3, 2018 3:27 pm | 0 Comments

New month starts with U.S. and Canada on Labor day holiday.

RBA and BOC have rates meetings, then US NFP on Friday

Greece Making Progress

By | August 20, 2018 10:17 pm | 0 Comments

Tonight the Euro Zone’s bailout fund, better known as the European Stability Mechanism, displayed their confidence in Greece’s ability to operate without international financial support – at least for the time being.

This marks the first time in nearly a decade, since their collapse in 2010, that Greece is financially stable enough to manage on their own without an IMF or foreign related safety net.

Euro jumped nearly 45 pips on the back of the news.

Qatar promises Billions to help save Turkey

By | August 15, 2018 4:19 pm | 0 Comments

Qatar has promised $15 Billion to Turkey, USDTRY down almost 7% on the day.
Euro popped to stay steady around 1.1340

US Indicies down on the day, Turkey and China threatening more tariffs back to US.

Gold and Silver keep collapsing to lows for well over a year

US plans higher tariff on $200 billion of Chinese imports

By | July 31, 2018 7:04 pm | 0 Comments

“The Trump administration will propose raising to 25 percent its planned 10 percent tariffs on $200 billion in Chinese imports, a move that would ratchet up pressure on Beijing to return to the negotiating table, three people familiar with the internal deliberations said.”

-source: Bloomberg

USDJPY, AUDUSD, NZDUSD lower, USDCNH jumped higher by 200 points.

July 30 Week

By | July 30, 2018 4:08 pm | 0 Comments

Extremely busy/important schedule for the end of July/beginning of August week with Bank of Japan, U.S.Federal Reserve Board, Reserve Bank of India and Bank of England are having monetary policy meeting, then U.S.Labor data to be released on Friday August 3.

ECB kept policy unchanged

By | July 26, 2018 1:56 pm | 0 Comments

European Central Bank Monetary policy meeting kept official interest rates and policy unchanged this morning, below the summary of president Draghi’s press conference;

  • Exchange rate isn’t a policy target
  • ECB didn’t discuss reinvestments
  • Uncertainty around inflation outlook is receding
  • Significant monetary policy stimulus still needed
  • Uncertainty related to trade remain prominent
  • Euro has appreciated considerably over the past 12-18 months
  • ECB to keep rates unchanged at least through the summer of 2019

EURUSD traded lower to mid 1.16

July 23 week

By | July 19, 2018 7:03 pm | 0 Comments

Somewhat light event/economic data schedule for July 23 week after G20 Finance Minsters & Central Bank Governors meeting in Buenos Aires, Argentina over the weekend.

ECB meeting on Thursday expected to keep rates unchanged.

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