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The euro also pulled back sharply on Friday and some traders may find it interesting that the decline on a percentage basis was greater than sterling and the Australian dollar even though fundamentals in those countries are less positive but the explanation is simple. Many of the other currencies lost momentum earlier this month and the euro is finally catching...

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Britain’s pound rebounded from its biggest weekly drop in a year on Monday as stronger labour costs data hardened expectations of higher interest rates, and after Prime Minister Theresa May vowed to ward off challenges to her leadership. British labour costs have been growing more strongly than previously announced, the Office for National Statistics (ONS) said,...

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Highlights of the US non-farm payrolls report for September 2017 Prior was +156K Estimates ranged from -45K to +153K Private payrolls -40K vs +75K expected Unemployment rate 4.2% vs 4.4% expected Participation rate 63.1% vs 62.9% prior Wages data: Average hourly earnings +0.5% vs +0.3% expected Prior average hourly earnings +0.1% Average hourly earnings +2.9% vs...

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Hold on "FANG" stocks: Bank of American Merrill Lynch just added two more names to the popular simple portfolio after finding multiple stocks that share their tremendous growth potential. You can now call it "FAAANG." The original FANG of Facebook, Amazon, Netflix and Alphabet (formerly known as Google) was created and popularized and Adobe (ADBE) to the popular...

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The U.S. dollar traded higher against all of the major currencies ahead of Friday’s non-farm payrolls report. This strength should not catch anyone by surprise after yesterday’s strong non-manufacturing ISM release that told us just how well the U.S. labor market and services sector weathered the hurricane season. What was unexpected was the market’s disregard for...

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There were no major economic reports released from New Zealand but the currency fell on the back of U.S. dollar strength, lower dairy prices and ongoing election uncertainty. The market’s appetite for the U.S. dollar and the local election will remain the key drivers of the currency next week as there are also no major reports scheduled for release. This weekend,...

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here's developing wave i of (3), so we could have the price higher soon.

nhantrung Updated 

One of our favorite currencies in the weeks ahead is the euro. On a fundamental basis the outlook for the Eurozone is positive. According to the most recent economic reports, inflation, spending and retail sales activity improved in Germany, the Eurozone’s largest economy. The uptick in activity hardens the central bank’s resolve to normalize monetary policy in...

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Morgan Stanley says Australian credit crunch has begun listweakness in retail sales over the past two months may soon become entrenched "crunch time" for Australian households has begun "In early June, we expressed the view that the Australian consumer faces a domestic cash flow and credit crunch ... Income growth has not recovered, 'cost of living' inflation...

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GU down as expected

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There wasn’t much consistency in the performance of the dollar and while USD/JPY failed to end the day above 113, it also did not experience significant losses. With that in mind, the greenback ended the day lower against the euro, Swiss Franc and Canadian dollars. The dollar’s quiet strength suggests that investors are optimistic and its hard not to be with...

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Reserve Bank of Australia October monetary policy decision Says a rising AUD would slow the economy Higher AUD is restraining price pressures Global economy continuing to improve Growth expected to pick up gradually over coming years House prices rising briskly in some markets Slow growth in wages, high household debt likely to constrain growth and spending Says...

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Sterling was lifted on Thursday by signs of progress in divorce negotiations between Britain and the EU, with the bloc’s chief negotiator Michel Barnier Barnier saying the two sides had ”had a constructive week“, though they were ”not there yet. Sterling skidded on Friday, hitting a one-week low against the euro after data showed Britain’s economy recorded its...

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Comments from Yellen and the release of a foundation for President Donald Trump’s proposed tax overhaul also pushed inflation expectations higher, with U.S. Treasury yields rising to months- and years-long highs on Wednesday. For the U.S. dollar, October is when we will begin to see the negative impact of hurricanes Harvey and Irma on the U.S. economy. Everyone...

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Of the 3 commodity currencies, the biggest story this past week was in Canada. Since the last monetary policy meeting, investors have been looking for another rate hike from the Bank of Canada this year. Their expectations were fueled by hawkish comments from Finance Minister Morneau who said Canada can continue to do well at these dollar levels and higher...

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Fed's Yellen says gradual hikes should continue, despite weak inflation The Federal Reserve needs to continue gradual rate hikes despite broad uncertainty about the path of inflation, Fed Chair Janet Yellen said on Tuesday in remarks that acknowledged the central bank’s struggles to forecast one of its key policy objectives. Still, recent low inflation was...

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U.S. President Donald Trump dialed up the rhetoric against North Korea again at the weekend, warning the country’s foreign minister that he and leader Kim Jong Un “won’t be around much longer”, as Pyongyang staged a major anti-U.S. rally. North Korea’s Foreign Minister Ri Yong Ho told the United Nations General Assembly on Saturday that targeting the U.S....

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The French election put the bottom in the EURO will the Germany election put in the top...? The Latest: German election: AfD supporters cheer result Supporters of the anti-migrant Alternative for Germany party broke out in cheers as election polls indicated they’d emerged as the third-strongest party in Germany’s election, and co-leader Alexander Gauland vowed...