EUR/USD may struggle, as recent US data has increased the odds of the Fed taking a less dovish stance in November. The heightened uncertainty surrounding the Middle East and the US presidential election supports the safe-haven US Dollar. ECB’s Klaas Knot emphasized the importance of “keeping all options open” to manage potential risks to growth and inflation. The EUR/USD…
This week our currency strategists focused on the Bank of Canada interest rate statement and the Euro Area PMI survey updates for potential high-quality setups. Out of the eight scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay. Check out our review on…
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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
China’s National Bureau of Statistics (NBS) slip[ped these out over the weekend: industrial profits September, -27.1% y/y prior -17.8% in August earnings -3.5% in the January – September period prior +0.5% (January-August period) according to the National Bureau of Statistics (NBS). That plunge for industrial profits in September is the biggest monthly decline all year. NBS says the collapse…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
The NZDUSD has moved lower this week, and in the process moved below a swing area between 0.6031 and 0.60387. That swing area was retested yesterday on a corrective move higher and found willing sellers. On the downside, the low price reached earlier today stalled at 0.5986. That was just short of the high of a lower swing area…
Japan CFTC JPY NC Net Positions: ¥12.8K vs previous ¥34.1K
Sun: Japanese LDP Election Mon: Japanese Jobs Report (Sep) Tue: German GfK (Nov), US JOLTS (Oct) Wed: UK Budget, Australian CPI (Sep), Spanish Flash CPI (Oct), US ADP (Oct), German Flash GDP (Q3) and Prelim CPI (Oct), EZ Prelim GDP (Oct), US GDP Advance (Q3), Japanese Retail Sales (Sep) Thu: BoJ Announcement and Outlook Report, Chinese NBS PMI (Oct),…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…