Discover today's news
Our renowned analysis brings you the latest opinions and commentaries to keep ahead of the markets. Start your trading day with technical insights into the financial sector.
“So Much Depends Upon Core US CPI,” wrote US firm Citibank in its Economics Weekly. As all will be revealed at 1330h (London time) on Friday, it might be worth taking the opportunity of taking an overview of what some analysts are expecting from the US inflation release for June. Citibank itself expects core CPI […]
Some Euro/Dollar Bulls Are Taking An A-B-C Approach
Germany’s Deutsche Bank recently raised its end-2017 and 2018 forecasts for euro/dollar (EURUSD) to 1.1700 and 1.2000 respectively, characterising their outlook as “a EUR bottoming phenomenon more than a broad USD top story” and noting that “the strong precedent for the EUR bottoming against the USD a long time before most other currencies includes the[…]
Euro/Yen May Get Technical as 200-Week Moving Average Attracts Attention
Given BOJ Governor Haruhiko Kuroda’s reiteration on Monday of the Japanese central bank’s determination to maintain its ultra-accommodative monetary policy until inflation in Japan is perceived to have stabilised above 2 per cent, traders are again looking at the yen’s prospects. Yen bears may choose to express a view that the Japanese currency will continue[…]