The highlight of economic calendar this week was crucial ECB policy meeting that was held on Thursday. The regulator provided more details on strategic review of its policy and refined its definition...
FOMO Friday: S&P 500 Resurrection Rally
Another week of trading comes to a close and for some, this weekend will be a time to celebrate a week of great trading. For other however, it will be a time to reflect on losses, while for the...
Lagarde Warns Negative Rates To Stay For Longer
The July ECB meeting yesterday turned out to be something of a disappointment for traders, given that the event failed to provoke any meaningful directional moves. While no policy adjustments were...
More Euro Downside is Likely After the ECB Event and Here is Why
In a rather calm summer week, the ECB meeting is expected to become the biggest source of FX volatility that may determine Euro demand for the rest of the week. The balance of risks for EURUSD is...
Will The ECB Satisfy Doves Today?
ECB Up NextAhead of the July ECB meeting today, market expectations are firmly anchored to the downside. Following the conclusion of the strategic review of monetary policy ordered by Lagarde, the ECB...
The Crude Chronicles - Episode 99
Oil Traders Increase LongsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long position by a further 1745 contracts, taking the total position to...
This EURUSD Technical Pattern is a Worrying Omen for Euro Buyers
US equities managed to rebound on Tuesday which discouraged further selling, European markets and US index futures picked up the tone of recovery on Wednesday. As I wrote earlier, EM currencies were...
British Pound Falls Following Freedom Day
GBP SinkingThe British Pound has come under heavy selling pressure this week with the UK currency now down almost 2.5% against the Dollar from last week’s highs. The selling comes despite the...
The Risk of More Downside in Equities Remains High as Bond Market Moves Spell Trouble
Correction in risk assets apparently took a break on Tuesday, however weakness in oil and greenback strength persist. After a brief respite early in the session, greenback went on the offensive...
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