A better than expected figure from the US: 282K jobless claims, lower than 291K predicted. This sends the 4 week moving average below 300K to 297K, after long weeks above this level. Continued claims stand at 2.416 million, similar to previous number. The USD is slightly stronger after the release, but nothing earth shattering. EUR/USD [&hellip
Author: Yohay Elam
Some good news from the UK: the volume of retail sales rose 0.7%, almost double the early expectations. GBP/USD is on the rise, reaching a high of 1.4988. Can it top 1.50? The United Kingdom was expected to report a rise of 0.4% in retail sales, following a disappointing drop of 0.3% in January. GBP/USD traded [&hellip
The conflict in Yemen has escalated and has reached center stage, pushing the prices of oil higher. This in turn has benefited the Canadian dollar against the US dollar – the latter has been on the back foot in recent days. Yemen Saudi Arabia began bombing the Shiite rebels in Yemen. This came after the president was forced [&hellip
The US dollar is no longer sweeping the board, and actually losing out to some currencies. The changes are far from being even. Credit Suisse analyzes the situation and explains what’s next for the greenback: Here is their view, courtesy of eFXnews: Last week’s FOMC meeting decision saw the “patience” language removed but at the [&hellip
EUR/USD has been flirting with 1.10 lately, but hasn’t really made a definitive decision on its next direction. The team at Bank of America Merrill Lynch sees more gains ahead for the pair and has ideas also on GBP and AUD: Here is their view, courtesy of eFXnews: EUR continues to push higher against both [&hellip
US durable goods orders fall 1.4% in February, worse than expected. Core orders all fell, by 0.4%. Also the non defense ex air is down 1.4%. This comes on top of downwards revisions and erases the hope for the end of negative US surprises that plagued the greenback’s trade of late. The US dollar is weaker, [&hellip
Foreign exchange volatility has risen of late and it doesn’t depend on the dollar necessarily going up. The team at SocGen says that there is more to come and demonstrates with a EUR/USD chart: Here is their view, courtesy of eFXnews: Given the dovish arsenal deployed by most G10 central banks, most of currency volatility originating [&hellip
New home sales in the US leap to 539K (annualized), far better than expected and even unbelievable. This is a 7 year high and 7.8% above January, which was revised higher to 500K. The US dollar, which was already moving up, extends its gains, but doesn’t go too far: EUR/USD trades under 1.0930 and GBP/USD [&hellip
All US inflation numbers beat: headline CPI rises 0.2% and core CPI rise 0.2%. Year over year, CPI is flat and core inflation rises to 1.7%, not too far from the Fed’s 2% target. While the Fed monitors Core PCE rather than Core CPI, these upbeat numbers on all fronts provide reasons for the dollar to rise. [&hellip
EUR/USD is trading at a narrow high range between the previous high of 1.0980 and 1.10. It did flirt with this level following the better than expected German PMIs but could not make the real break. The attention of markets has shifted to the tragic crash of flight 4U9525 from Barcelona to Dusseldorf. 154 people have reportedly [&hellip