EUR & CHF Weekly Forecast (May 21 – 25)
The spotlight could be on the ECB minutes this week as euro traders are looking for clearer policy direction. Meanwhile, the franc might keep taking cues from sentiment.
Read MoreThe spotlight could be on the ECB minutes this week as euro traders are looking for clearer policy direction. Meanwhile, the franc might keep taking cues from sentiment.
Read MoreThe yen’s price action last week was all about bond yields and overall risk sentiment. Think the low-yielding currency will be moved by other catalysts this week?
Read MoreMuch like the Kiwi, the Aussie took advantage of the dollar’s weakness. Unlike its fellow comdoll, however, it also took cues from Australia’s data releases.
Read MoreThe New Zealand dollar took cues from its counterparts last week. Will it have a chance to dance to its own tunes this time?
Read MoreThe Kiwi was rushed by buyers late into the session, which allowed the Kiwi to steal the top spot from the Greenback. The euro and the pound, meanwhile, were in a race to the bottom.
Read MoreA quiet day for Asian session traders, though the lack of economic releases didn’t stop bulls and bears from pricing in fresh highs for U.S. Treasury yields.
Read MoreDollar domination was extended to the New York trading session as U.S. bond yields ticked higher again.
Read MoreThe pound was forced to give back its gains during the morning London session, apparently because the rumors that the U.K. is ready to stay in a customs union got shot down. The Greenback, meanwhile, was bid higher across the board.
Read MoreThe pound made pips rain during the Asian session as traders priced in the U.K. possibly staying in the customs union for longer.
Read MoreCommodity currencies staged a decent recovery during the New York trading session while the euro carried on with its slump.
Read MoreYou can believe you know where the market is going, but you really don’t have a clue.Peter L. Brandt