March 2014

Here are the essentials of the latest Commitments of Traders (COT) report, released on March 28 by the Commodity Futures Trading Commission (CFTC) for a week ended on March 25. According to the report, net long EUR positions fell from the…

U.S. Treasuries dropped on Monday trading session extending a monthly drop on speculation that this week's report may signal than the world's largest economy may have improved reducing demand for safe-haven government bonds. The benchmark…

"The relatively low inflation rate – measured by the consumer price index – is due to different trends. The expected increase in food prices (+2.2% on March 2013) is still contrasted by declining energy prices (–1.6%)." -Destatis Dukascopy…

"The Reserve Bank expects to tighten monetary policy substantially over the next two years in response to emerging inflation risks" - RBNZ Deputy Governor Grant Spencer The NZD/USD currency pair retreated from its multi-year high on…

During the speech made by Chair of FRS Board of Governors J. Yellen, the U.S. dollar index continued to decline today, tumbling back to the 80.15 area. To date, the index has lost about 0.20%. It should be noted, though, that the major U.S.…

"One of the worst-kept theories is that the US dollar is due to strengthen after the employment numbers, which should weaken the kiwi." – HiFX (the New Zealand Herald) Pair's Outlook The NZD/USD has proven itself as the best performing…

"We think there was a bit of profit taking after an exceptional week and also just a bit of taking risk off the table ahead of the RBA meeting this week." - Bank of New Zealand (based on news.com.au) Pair's Outlook Last week we saw…

"The Canadian economy had a bit more energy than expected at the start of the year, managing to rebound nicely from the December ice storm as well as braving the unusual cold in January." - Bank of Montreal (based on Reuters) Pair's…

"The yen is gradually re-weakening, reflecting easing investor concerns in the near term over both slowing economic growth in the U.S. and China, and over escalating geopolitical tensions in Ukraine." - Bank of Tokyo-Mitsubishi UFJ Ltd…

Forex Trading signals from Danske Bank (Mar. 31): EUR/USD: Sell at $1.3805 with a target of $1.3705 and a stop at $1.3851 USD/JPY: Long at 102.12 with a target of 103.43 and a stop at 102.39 GBP/USD: Buy at $1.6600 with a target of…