Latest Forex News The consequences of Brexit inflation British businessmen are gradually beginning to feel the negative Brexit impact on their finances. Official reports on Friday clearly demonstrated decrease in consumer pressure, and the weakening of small and medium businesses purchasing power
Latest Forex News Rockefeller Treasury Services, Inc. Analytics | 28 of October Yesterday we complained about both Bloomberg and the FT mentioning a shift toward more fiscal stimulus and away from the diminishing returns from ultra-accommodation. Japan has done some fiscal stimulus, to be sure, a
Daily Technical & Fundamental Analys Daily Analysis from EW-Forecast | EURJPY | 28 of October On the EURJPY we are tracking a higher degree triangle correction unfolding, with price specifically trading in the fifth and final wave E. We know that each leg of the triangle correction consist ou
Daily Technical & Fundamental Analys Fundamental Analysis | EURUSD / GBPUSD | 28 of October Yesterday's UK data on GDP and Retail Sales released better than expected. However, it was not enough to support the euro and the pound, amid expectations for today's US data on GDP, increasing yields
Latest Forex News OPEC wants as soon as possible to balance the oil market OPEC is going to prove to a skeptical market that it will really solve the issue with the decrease of production. But the cartel still can not get rid of the strong oil oversupply on the global market. For the first time fo
Latest Forex News Rockefeller Treasury Services, Inc. Analytics | 27 of October We thought the dollar rally had gotten ahead of the yield but yesterday yield caught up, providing support. The 10-year yield closed at 1.790% and is quoted this morning at 1.823%, nicely over the last high at 1.814% f
Daily Technical & Fundamental Analys Daily Analysis from EW-Forecast | S&P500 / EURUSD | 27 of October E-mini S&P500 turned south this week from 2149, probably into our final wave of a big triangle formation. We are talking about wave E which needs to be made by three subwaves so trade
Daily Technical & Fundamental Analys Fundamental Analysis | EURUSD / GBPUSD | 27 of October Yesterday's trading session presented the high volatility of European and British currencies. Many major players have changed their positions, but trading volumes remained at the average level. So far
Latest Forex News Rockefeller Treasury Services, Inc. Analytics | 25 of October We should probably be grateful that the improvement in the outlook is not triggering a taper tantrum, but the persistence of low yields is still a puzzle. The implication is that inflation expectations are still very l
Latest Forex News Oil market is waiting for optimistic statements from the API Oil price at today's trading was moving up against early publication of the US inventories data. However, oil quotes were limited due to comments of the OPEC representatives that allow reduction of production this year
Daily Technical & Fundamental Analys Fundamental Analysis | EURUSD / GBPUSD | 25 of October Yesterday's news from the Eurozone became stronger than forecasts. Manufacturing PMI for October has risen from 52.6 to 53.3. Services PMI amounted to 53.5 against 52.2 in previous month. At the beginn
Latest Forex News Rockefeller Treasury Services, Inc. Analytics | 24 of October It’s the third week of the month and therefore a giant calendar of releases. In the US, we get the Markit preliminary manufacturing PMI, September durables and the advance Q3 GDP (Friday). The Atlanta Fed GDPNow forec
Latest Forex News Iraq made a shocking statement Oil prices are again under pressure. This morning quotations moved downward against the backdrop of statements from Iraq, stating that the country will not join the production freeze deal. Meanwhile in the United States, companies are continuing to
Daily Technical & Fundamental Analys Fundamental Analysis | EURUSD / GBPUSD | 24 of October Friday's trading has been passed as expected, with the full dollar superiority over their competitors. The euro had the maximum decrease by 70 points, the pound in a moment were falling down by 80 poin
Latest Forex News Rockefeller Treasury Services, Inc. Analytics | 21 of October Draghi declined to offer any specifics about extending QE (such as how long the extension might last) and ruled out a sudden ending, as well, but we still lack information about what the ECB will do to re-jigger eligi
Latest Forex News Russia's position makes the global oil market nervous Oil futures in Asian trading this morning are under pressure once again. The dollar strengthened again, and the representatives of Rosneft gave a few comments that they will increase oil production "if necessary". No
Daily Technical & Fundamental Analys Fundamental Analysis | EURUSD / GBPUSD | 21 of October So, yesterday we learned the results of the ECB meeting. The regulator did not change policy direction, but the subsequent speech of Mario Draghi became revealing. He has acutely described the ECB's QE
Latest Forex News Oil comes back above $50 per barrel Yesterday's fall of oil replaced by new growth today. Thus, market participants reacted to the possible details of the future reduction of OPEC production and countries outside the cartel. Also, oil quotes have responded positively to decrease
Latest Forex News Rockefeller Treasury Services, Inc. Analytics | 18 of October Now that the UK inflation report is out and the market shrugged, the US CPI this morning gets the focus. Headline CPI could be as high as 0.3% for 1.5% y/y, although the core is likely to be the same 0.2% or 2.3% y/y.
Daily Technical & Fundamental Analys Fundamental Analysis | EURUSD / GBPUSD | 18 of October Yesterday's trading passed quite calmly, investors did not take any serious steps. Slight increase in counter-dollar currencies can be explained by the weak indicators of Industrial Poduction. Indicato
