The Pound Sterling (GBP) is likely to consolidate in a range of 1.2940/1.2995. GBP must break above 1.3000 before further advance can be expected, UOB Group...
The gathering of top Chinese party officials amid the Third Plenum has kept base metals from weakening further, as traders await for signs of additional stimulus to turn...
Crude oil markets are also particularly vulnerable to a downtape, TD Securities senior commodity strategist Daniel Ghali notes. Trend-followers to liquidate -40% of their positions “While the...
GDP growth fell sharply to 0.7% q/q in Q2 from 1.5% in Q1, putting the annual growth target (5%) at risk. Supply continued to outperform domestic...
The US Dollar (USD) net long positions slipped further for the third week in a row. The Euro (EUR) positions popped back into positive ground, driven...
Base metals have held strong as stimulus optimism gets baked in, however there’s an increasing level of bearishness on the ground in China, TDS com Base...
Gold (XAU/USD) traded strong Thursday, commodity trading advisors (CTAs) are unwinding a portion of their length. As for Silver (XAG/USD) top Shanghai Futures Exchange (SHFE) funds...
The US dollar (USD) came under further pressure after the consumer price index for June showed underlying inflation rising at its slowest pace in three years....
Speculative investors’ short Japanese Yen (JPY) positions are close to a record. USDJPY could see bouts of pullbacks if US data continues to point to a...
Swiss National Bank (SNB) seems to be near the end of its easing cycle, and the Swiss Franc (CHF) should appreciate against both the US Dollar...
A hold is widely expected for the July ECB meeting. The meeting will not offer much action for the Euro (EUR), and we’re biased towards a...
The Euro (EUR) is likely to trade in a range, probably between 1.0845 and 1.0900. EUR is expected to continue to rise, but it might take...
NZD/USD declined 0.6% after the RBNZ stating that it expects inflation to return to the 1-3% target range in 2H. The RBNZ is also diverging from...
Price action continues to suggest upside risk, so there’s room for the Pound Sterling (GBP) to grow towards the next major resistance at 1.2900, UOB Group...
Risk appears to be tilted to the upside; it remains to be seen if it can break clearly above 1.0850. Risk of the Euro (EUR) breaking...
Japan’s verbal interventions are ineffective. Periods of quiet volatility may continue to push USD/JPY higher, with a new line in the sand for intervention now close...
Third Plenum meeting is going to happen next week. The discussion around reviving the property market and consumer sentiment will be its main topic, Societe Generale...
AUD/NZD eyes a move beyond 1.1100 and could inch higher towards next projections of 1.1175 and 1.1250, Societe Generale FX strategists note. A sustained break above 1.1100...
The Euro (EUR) is expected to continue to trade in a range, probably between 1.0800 and 1.0840. Risk of EUR breaking above 1.0850 has increased, albeit...
The dollar has been modestly stronger since the start of the weekend but there was nothing close to an earthquake in markets following the French election result,...