EUR/USD headed for a test of 1.1890/00 area?…

Analysts at Scotiabank are neutral/bearish on EUR/USD. Key Quotes: "EUR/USD is finding some support in the low 1.19 area but there is scant sign of a firm base in place at this point and longer-term…

Market wrap: US rates up, risk-on, stocks higher…

Analysts at Westpac offered a market wrap. Key Quotes: "Global market sentiment: Global equities rose, with most US indices making fresh record highs (S&P500 +0.4%). Global bond yields also rose, and the USD extended the…

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EUR longs rebounded, CAD longs dropped again –…

According to the IMM Net Speculators’ Positioning as at January 2, 2018, EUR longs rebounded to fresh highs last week as sentiment was buoyed by another round of good Eurozone economic data, notes the research team…

Eurozone economy ends 2017 with a bang –…

"The Economic Sentiment Indicator ends 2017 on a high note but the inflation picture still remains muted," ING economists note. Key quotes There was a sentiment improvement in all sectors (industry +1.0, services +2.0, retail…

US Dollar Index on recovery mode hits 1-week…

USD up across the board amid Fed rate hike expectations.  DXY rising for second day in-a-row breaks 4-day range.  A stronger greenback across the board at the beginning of the week boosted the US Dollar…