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After a quiet start to the week, market-moving data has finally picked up, with traders keying in on three major events:1) The ECB meeting initially struck traders as dovish, with ECB President Mario...
Oil prices have been on an absolute tear since bottoming around Christmas: West Texas Intermediate (WTI) has gained more than 50% over the past 15 weeks, with Brent experiencing a 41% rally of its own...
US stock markets stumbled out of the gate to start this week’s trade after a lack of progress on the US-China trade negotiation front this weekend and fresh concerns around Boeing's (NYSE:BA)...
The Brexit merry-go-round continues to turn, with Friday’s news highlighted by the potential for a “flextension” to Brexit negotiations. PM Theresa May formally requested an...
The monthly US Nonfarm Payrolls report has a well-earned reputation for creating volatility in global financial markets, but even high-impact data is occasionally a dud.As we anticipated in...
Anyone following the US labor market this year (read: every trader) has been put through a wringer of emotions. Despite the longest government shutdown in the history of the country, job growth...
After falling for six of the past seven days, it wasn’t surprising to see EUR/USD rally off its 1.1215 support level in Monday’s Asian session trade. Unfortunately for EUR/USD bulls, that...
With headlines flying around tonight’s high-profile Brexit votes, a big dovish shift at the RBNZ, and the “race to the bottom” in global bond yields, what topic should an experienced...
As we noted in Tuesday’s FOMC preview report, the US central bank was never going to make any immediate changes to policy, leaving traders to read Powell and Company’s tea leaves for...
Spoiler alert: The Federal Reserve won’t be making any immediate changes to monetary policy at the conclusion to this week’s two-day meeting.Nonetheless, it would be a mistake for traders...
With the never-ending Brexit saga garnering all the headlines, volatility in EUR/USD has dried up. The 3-month implied volatility reading for the world’s most-traded currency pair dropped below...
Just hours ago, my colleague Fawad Razaqzada noted that “it was not clear whether any real progress was made by Britain and the European Union in reaching an accord.” While there...
The yen was already supported by global growth concerns, before the ECB took a sledge-hammer to the Euro with a fresh round of TLTRO’s and slashed growth forecasts. And judging from price action...
Despite a busy economic calendar in the US this week, including yesterday’s decent ISM Non-Manufacturing report, Wednesday's ADP employment report and Friday’s always impactful Nonfarm...
Gold’s decline since its multi-month high has not gone unnoticed, yet there are indications that mean reversion could soon be on the horizon.Since August’s low, gold had gained...
The Australian dollar took a tumble across the board after today’s GDP miss. Coming in a 2.3% YoY versus 2.5% expected, it takes the 2018 average down to 2.9% and below RBA’s estimate of...
The Bank of Canada will deliver its interest rate “decision” and monetary policy statement in today's morning U.S. session. According to futures markets, traders are not expecting any...