After Ripple dethroned Ethereum as the second cryptocurrency after bitcoin, we have another change in the top 5. This time, the emerging Cardano coin is known also as ADA, has ousted Litecoin (LTC) from the top 5. According to CoinMarketCap, Cardano…
The election results confirmed the latest polls: Abe is returned to office with a huge, “super majority”. His coalition won 312 seats in the 465-strong lower house. This will allow him to enact his policies in full-swing. He vowed to use th…
The May 2017 Non-Farm Payrolls report is critical for the June decision. If the Federal Reserve is truly data dependent, this is the most important data point. The Non-Farm Payrolls, aka NFP, or “king of forex indicators” is coming on the first Friday of the month, and wages matter a lot more than the actual job […]
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Just over 100 days towards the US presidential elections, and the race is becoming tighter, much tighter. Republican nominee Donald Trump was closing the gap on Democrat Hillary Clinton already before the Republican convention in Cleveland. And now, it seems that the race is neck to neck. According to Nate Silver’s 538, the chances of Clinton winning have fallen […]
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EUR/USD is sliding to the downside but it may recover, says the team at MS: Here is their view, courtesy of eFXnews: We expect EUR to appreciate moderately this year but then depreciate significantly in 2017 EUR fits into the category of currencies driven increasingly by real over nominal yield differentials. Falling inflation expectations as a […]
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After Draghi failed to take EUR/USD out of its comfort zone, the pair is finally falling out of range. In the late hours of Friday, euro/dollar is falling to low support. 1.0960 is the second post-Brexit low. The pair hit 1.0956 before bouncing a bit, …
EUR/USD had a slow start to the week and also the reaction to the ECB decision was quite muted. Will this change now? A very busy calendar has GDP and inflation standing out as well as the Bank Stress Tests. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The […]
Following the weak CPI figure in New Zealand as well as the special RBNZ report, two banks see the RBNZ cutting in August. In the case of Goldman Sachs, they see the pair falling to 0.62. In the case of Nomura, they also see the ECB cutting: Here is th…
The UK services sector does not look good: 47.4 on the services PMI. The manufacturing PMI is also negative at 49.1 points. The composite index is at the worst in 7 years. The services sector and especially financial services, are critical for the UK economy. The fall in manufacturing could have been cushioned by the fall […]
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It is business as usual in Germany: the manufacturing sector is down, but better than expected: 53.7 points against 53.5 expected and 54.5 seen in June. The services sector looks even better: a rise from 53.7 to 54.6 points, much better than a slide to 53.2 predicted. EUR/USD remains quite indifferent, similar to its behavior seen beforehand. The pair […]