The Latest in Forex News & Analysis.

June 11 week schedule

By CR | June 8, 2018 3:32 pm | 0 Comments

Extremely busy week with several important events across the globe.

Tuesday June 12: US-North Korea Summit in Singapore

Wednesday June 13: FOMC meeting

Thursday June 14: ECB meeting, and World Cup Soccer open


By CR | May 29, 2018 4:03 pm | 0 Comments

Canadian Prime Minister Trudeau said “No NAFTA is better than a bad deal and we’ve made that very clear to the (US) president”.

$CAD onto 1.30 handle for the first time since early March.

May 28 week schedule

By CR | May 27, 2018 7:46 pm | 0 Comments

Monday May 28 is a holiday in both UK and USA

Main event would be Friday’s US Labor data, market consensus +190k NFP and 3.9% unemployment

US-North Korea meeting

By CR | May 24, 2018 6:56 pm | 0 Comments

North Korea says it’s willing to meet with U.S. at any time.

Risk-off move accelerated today in NY after President Trump said he cancelled the meeting with North Korea leader scheduled June 12 in Singapore.

$JPY briefly broke below 109.00 while DJIA lost almost 300 point at one stage, but recovered some of the losses towards closing.

post FOMC Minutes market

By CR | May 23, 2018 5:38 pm | 0 Comments

US Dollar is trading marginally lower after FOMC minutes, USTreasury yield coming lower as well, 10 year breaking below 3.0%.

Stock market in the meantime finishing the day in positive territory, DJIA recovered back above water closed up 0.2%.

CBRT raises rate by 300bp

By CR | 1:13 pm | 0 Comments

Central Bank of the Republic of Turkey raised its benchmark lending rate by 3% to 16.5% from 13.5% in an attempt to halt Turkish Lira’s melt down.

USDTRY today traded 4.9270 high before the Central Bank raised rate, as Turkish currency lost over 30% against US Dollar since the beginning of the year.


Economic data release this week

By CR | May 21, 2018 12:53 pm | 0 Comments

FF Funds futures market pricing in 96.7% chance of 25bp hike at June’s FOMC meeting, Wednesday’s release of FOMC minutes should be important to predict the next move.

NAFTA TALK pushing USDMXN lower

By CR | May 16, 2018 4:02 pm | 0 Comments

Mexico Economy Minister Ildefonso Guajardo on wire saying possible to reach out NAFTA deal in May or June.

USDMXN  down over 0.5%

May 14 week Data/Event 

By CR | May 11, 2018 1:54 pm | 0 Comments

May 14 week Data/Event

NAFTA negotiation and US/China trade talk to resume

some additional data

Tue: GER GDP, UK Unemployment & GER ZEW


OIL price rallying

By CR | May 9, 2018 1:07 pm | 0 Comments

WTI reached $71.26 today, highest since December 2014.

Rally in oil price got triggered yesterday by President Trump’s announcement of withdrawal from Iran Nuclear deal, followed by oil inventories data released today -2.197m vs -0.2m forecast.

Technically looking positive after breaking above 68.2% retracement, Goldman Sachs research  sees a possible $6 rise this summer.

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