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The Kiwi melts up after the RBNZ left rates unchanged

News by Newsroom on 00:44 EST June 22, 2017
The Reserve Bank of New Zealand (RBNZ) left te cash rate unchanged at 1.75% as expected and delivered a neutral policy bias, indicating that interest rates are likely to remain on hold for “a considerable period” on Thursday.

Sterling sharply lower as BoE Carney dismisses a rate hike

News by Allie Longford on 10:15 EST June 20, 2017
The British pound takes a dive on Tuesday after BoE Governor Mark Carney dampened expectations for a rate hike saying it's not the time yet.

The golden fibonacci ratio is just an inch away on the S&P500

Tech analysis by Simon Kazinsky on 16:48 EST June 19, 2017
The benchmark index for the main US 500 American companies is about to reach an important level just a few points above the 2,500 mark a round figure that is also important on its own.

Housing starts, further evidence of a weakening economy

News by Newsroom on 08:55 EST June 16, 2017
After a very disappointing retail sales report released earlier this week a new red light appears on the dashboard of the US economy.

Bank of England divided on holding interest rates at historic low

News by Allie Longford on 08:43 EST June 15, 2017
Rising inflation presently at 2.9% annual widened the divide at Bank of England on Thursday as three members voted to hike interest rates.

Very weak retail sales send stocks higher

News by Allie Longford on 09:14 EST June 14, 2017
Still in the new normal phase where bad news is good news.

Monday blues for US stocks

News by Allie Longford on 09:43 EST June 12, 2017
As implied by futures on Monday night the main US indices start the week with further loses.

Two mid size Spanish banks down the sinkhole in less than a week

News by Allie Longford on 07:30 EST June 09, 2017
Annualized Spanish GDP runs at 3.3% according to the latest figures from INE and unemployment has been continuously reduced quarter after quarter for the past three years.

Pound could gain with hung parliament according to JPMorgan

News by Newsroom on 05:04 EST June 09, 2017
A hung parliament in the UK’s upcoming general election could prove good news for the pound if it leads to a centre-left coalition that pursues a “softer” Brexit, according to strategists at JPMorgan.

Most loved and hated currency pairs by retail traders

News by Simon Kazinsky on 09:42 EST June 07, 2017
Retail traders have positioned their-selves aggressively long on USDCHF just as the pair breaks lower in what appears the death of any hope for it to cross and maintain above parity as it sharply breaks all short, medium and long term supports.

Upcoming key forex events, the UK takes center stage

News by Allie Longford on 02:28 EST June 05, 2017
The week starts with both the German and French markets closed on Monday, but it gets interesting towards the end of the week.

EURUSD recovery underway

News by Simon Kazinsky on 11:34 EST May 19, 2017
The chart shows that EURUSD has broken above a moving average on the weekly chart that has held previous attempts to recover for the most popular currency cross.

The Trump bump comes to an end

Tech analysis by Simon Kazinsky on 00:49 EST April 17, 2017
It has been easy to remain bullish on the Standard and Poor's 500 index as the chart showed 2 moving averages first being resistance before the US election and then turning into support after the event.

Dow Jones Composite Index about to hit a multi decade fibonacci ratio

Tech analysis by Simon Kazinsky on 20:35 EST February 28, 2017
The relentless ascent of the Dow Jones Composite index may pause or reverse soon if we take into account its monthly chart.

What a crash after a good long run looks like

News by Simon Kazinsky on 04:49 EST February 27, 2017
The Mexican peso put an end last week to its continued decline and made a whooping 10% gain in just a few sessions against its US counterpart.

Eurozone business growing at its fastest in 5 years

News by Newsroom on 06:59 EST February 21, 2017
Eurozone private sector and manufacturing growth accelerated close to a six-year high in February and job creation reached its fastest since August 2007, pushed by strong demand and optimism according to the latest IHS Markit's survey.

UK manufacturing strong in February and so are prices

News by Newsroom on 08:32 EST February 20, 2017
British manufacturers orders growing at the strongest pace in two years this month, but the fall in the value of the pound is pushing up prices sharply, an industry survey showed on Monday.

Pound drops by most this month on very soft retail sales

News by Allie Longford on 06:05 EST February 17, 2017
Retail sales unexpectedly fell for a third month in January.

Philadelphia Fed Manufacturing hits six year high

News by Allie Longford on 09:06 EST February 16, 2017
Optimism is on the air as The Philadelphia Federal Reserve Bank manufacturing survey rose to 43.3 in February, following an increase to 23.6 the previous month, the highest level since 2011.

Retail trader positioning at historic extreme against SPX500

News by Simon Kazinsky on 06:50 EST February 13, 2017
According to DailyFX, a portal that tracks retail traders positioning, the ratio between long and short traders for the SPX500 CFD stands now at 9 to 91% having reached earlier today a reading of 8 to 92% during the Asian session.

Forex broker FXCM banned for life from CFTC and asked to pay millions

News by Allie Longford on 20:21 EST February 06, 2017
Yet another forex broker scandal emerges as FXCM agrees to withdraw its registration and never to seek re registering ever again with the CFTC, effectively banning it from operating in the United States.

Non-Farm Employment payroll sky rockets

News by Newsroom on 08:34 EST February 03, 2017
Total nonfarm payroll employment increased by 227,000 in January, and the unemployment rate was little changed at 4.8 percent, the U.S. Bureau of Labor Statistics reported on Friday.

Unemployment Rate goes through the roof in New Zealand

News by Newsroom on 16:50 EST January 31, 2017
The unemployment rate rose to 5.2 percent in the December 2016 quarter, up from 4.9 percent in the previous quarter, though employment and the labour force continued to grow, Statistics New Zealand said on Wednesday.

Worst trading day of the year as Chicago PMI tumbles, Dow drops 150 points and industrial 1% lower

News by Allie Longford on 16:42 EST January 31, 2017
U.S. equities fell on the last trading day of the month, as investors continued to evaluate the latest policies from the White House and companies post quarterly results.

Uncertainty and the BOJ make Yen stronger

News by Allie Longford on 02:27 EST January 31, 2017
The yen strengthened against the dollar and euro on Tuesday, in the face of the U.S. P protectionist steps and jitters over the Bank of Japan’s future policy stance.

US pending Home Sales figures, the silver lining on Monday

News by Newsroom on 14:16 EST January 30, 2017
Against a backdrop of fear in the stock market, the National Association of Realtors released a report on Monday showing that pending home sales increased by much more than expected in the month of December.

Annual inflation weaker than expected makes the dollar sink

News by Newsroom on 19:54 EST January 24, 2017
The last quarter of 2016 saw inflation weaker than previously anticipated amid a slump in the price of health care, transport and communications according to the Australian Bureau of Statistics report released on Wednesday.

Pound stages the largest come back since 2008

News by Simon Kazinsky on 11:50 EST January 17, 2017
After yet another dramatic plunge for the pound at the start of the week where GBPUSD gapped down by more than 200 pips at the open the British currency has made a V shape recovery against the dollar following (or coinciding) the UK's PM announcement that whatever the Brexit deal is it will have to be approved by parliament.

U.S. retail sales disappoint at end of the year

News by Newsroom on 09:06 EST January 13, 2017
Retail sales rose 0.6% last month, the government said Friday.

Non-Farm Employment payroll dissapoints

News by Allie Longford on 08:30 EST January 06, 2017
U.S. employment increased less than expected in December but a rebound in wages points to inflation down the line.


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