January 2017

The pound see-sawed in today’s European session as the British currency saw volatility both before and after the Supreme Court’s ruling on the triggering of Article 50. The US dollar recovered from earlier lows, while the Canadian dollar…

"The business side of Japan worries about the political push-back on the weaker yen because of history, I wouldn't really worry about the U.S. policy makers going after a weak currency." – Allen Sinai, Decision Economics (based on…

"While the near-term landscape argues for some volatility, we think the chances for GBPUSD to squeeze meaningfully higher are limited." – TD Securities (based on PoundSterlingLive) GBP/USD Outlook On Tuesday the GBP/USD pair experienced…

Trump Rally Takes A Break The two-month “Trump Rally” saw the US Dollar soaring against the Japanese Yen, helped along also by the BOJ’s “yield-curve control” approach which has kept JGB yields subdued amidst rising global yields. A lot of…

British Prime Minister Theresa May delivered her much-awaited speech on Brexit today. PM May didn’t give much details on the specifics of the Brexit process but she outlined the broader framework for Britain’s departure from the EU. May…

"Given the commodity dollar-bloc strength, it's fair to think that the momentum could continue, which would likely translate further into both technical and fundamental favor likely leading to further CAD strength."  - Tyler Yell, Daily FX…

Since the election of Donald Trump, the Canadian Dollar is the only of the major currencies to be up against the US Dollar. Firmer Oil prices were responsible for driving CAD eleven cents higher against the Dollar, though eight cents of…

"Right now, (traders) are probably waiting for the inauguration, to what type of speech President-elect Trump presents." – Joseph Trevisani, WorldWideMarkets (based on Reuters) NZD/USD Outlook By mid-day on Tuesday the Kiwi had gained…

The first day of the week came in with lack of fundamentals and liquidity, while volatility picked up on the rising fears of Brexit. However, rising volatility is what we all need to jump in to new opportunities. In today’s report, we will…

"Every time there's 'hard Brexit' headlines, that triggers a fresh bout of selling sterling." – MUFG (based on Business Recorder) GBP/USD Outlook As was anticipated, the British Pound partially recovered from the bearish gap yesterday,…