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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.

Commodity currencies dominate in the Currency heatmap chart

News by Simon Kazinsky on 00:21 EST June 22, 2017
The trident of kiwi, aussie and loonie dominate the table this week.

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.

Fed does not dissapoint and raises rate and markets shrug it off

News by Newsroom on 14:07 EST June 14, 2017
The Fed did raise its fund rate by a quarter to 1.25% on Wednesday.

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.

UK Inflation at its highest in five years

News by Newsroom on 04:59 EST June 13, 2017
The UK consumer prices ticked up in May to an annualized 2.9% up 0.2% from April, the Office for National Statistics (ONS) revealed on Tuesday.

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.

Pound falls sharply but UK shares rise after election night

News by Newsroom on 04:50 EST June 09, 2017
The pound has dropped overnight by 2% and trades at round $1.27, reflecting worries about continued political uncertainty.

British pound plummeting ahead of election results

News by Newsroom on 17:26 EST June 08, 2017
The pound loses more than 1% against the dollar after exit polls show conservative losing support and a possible hung parliament.

ECB Mario Draghi live June press conference feed

News by Newsroom on 08:20 EST June 08, 2017
The ECB chairman addresses the press after keeping the minimum bid rate at 0% as expected.

ECB leaves minimum bid rate at 0 as expected

News by Newsroom on 07:51 EST June 08, 2017
No surprise, the ECB left its key rate at 0.0%.

Euro zone growth revised up to highest rate in a year in first quarter

News by Newsroom on 05:46 EST June 08, 2017
Gross domestic product rose by 0.6% above 0.5% estimated previously.

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.

Dow Jones at multi year fibonacci ratio

Tech analysis by Simon Kazinsky on 13:11 EST May 22, 2017
The Dow Jones reached an all time high at 7,250 in March and has not been able to keep moving up.

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.

US total nonfarm payroll employment disapoints and stocks dive again

News by Newsroom on 08:46 EST April 07, 2017
The latest NFP report released on Friday shows 98,000 were created last month, much lower thaan the 174,000 forecast.

Trump strikes Syria, stocks plummet

News by Newsroom on 21:31 EST April 06, 2017
The US has, reportedly, launched a missile against a base in Syria this Thursday evening.

ECB Draghi dispels rumours

News by Newsroom on 09:02 EST April 06, 2017
Speaking at the Watchers Conference organized by Goethe University, in Frankfurt the central banker has tried to end speculation that the ECB’s experiment with negative interests will finish before the end of the year after his counter part at the FED mentioned on Wednesday the US central bank might be ready by the end of the year to start shrinking its balance sheet.

FED sees stocks too highly priced - minutes highlights

News by Newsroom on 14:04 EST April 05, 2017
the last FED meeting minutes released on Wednesday revealed FED members somehow concern with current valuation of US companies in the stock exchanges.

Aussie slightly lower after RBA leaves key rate at historic low

News by Newsroom on 00:36 EST April 04, 2017
The Australian Central Bank left on Tuesday its base rate unchanged, as expected, at 1.5%.

Non-Farm Employment payroll sky rockets

News by Newsroom on 08:31 EST March 10, 2017
The latest NFP report shows 235,000 new jobs created in the last month versus expectations of less than 200,000 and the previous gain of 227,000.

The pound breaks above its descending wedge

News by Simon Kazinsky on 09:22 EST March 09, 2017
After two weeks of continuous weakness the British currency gives some signs of strength and breaks the upper trendline of the descending wedge that has formed on the chart this month.

ECB's Draghi press conference highlights

News by Newsroom on 08:46 EST March 09, 2017
Mario Draghi addressess the press after the ECB decided to keep policy unchanged at its March meeting.