News

EUR/JPY trade idea Analysts at MUFG reccomend selling EUR/JPY in the week ahead with a target of 123.00 and a stop at 127.30. “We are recommending a short EUR/JPY trade idea to take advantage of the euro’s downward momentum in the near-term,” they write. “We still see scope for the EUR sell off to extend
Media reports on moves from the European Union to lay out plans to limit its reliance on the USD Citing a draft policy paper from the European Commission that will be adopted on January 19. The paper points to the EU’s vulnerability to US sanctions and to financial risks. Measures proposed include tighter controls on
New York area manufacturing survey Prior was +4.9 New orders +6.6 vs +3.4 prior Prices paid +45.5 vs +37.1 prior Six month conditions +31.9 vs +36.3 prior Employment +11.2 vs +14.2 prior Full report If you’re a pessimist, you can start to see the makings of a crest in this report and a continued build-up
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
What’s the state of play on Wednesday There’s been a lot of indecision with respect to the direction in markets this week, and things have come to a bit of a halt. The big question is whether or not this halt is just a consolidation in favor of a continuation of the prevailing trends of
News out of the rating agency overnight ICYMI Fitch Ratings has affirmed New Zealand’s Long-Term Foreign-Currency (FC) Issuer Default Rating (IDR) at ‘AA’ with a Positive Outlook.  Fitch has also affirmed the Long-Term Local-Currency (LC) IDR at ‘AA+’ with a Stable Outlook. Cite, amongst other factors: New Zealand’s ratings are underpinned by very high governance
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
If there’s a bull case, this is it The US dollar held a steady bid from Wed-Fri after the Democrats won the Senate and it was the top performing currency after the result became clear. Could that mark the bottom for the nine-month bear market in the dollar? Or at least a sustained bounce? The