Key Economic Events and Reports for the Week Ahead
Markets' attention next week will be focused on the Fed meeting due on Wednesday. Inflation in the US is on the rise despite expectations that it has topped out. In particular, June inflation in the...
Ruble Hardly Impressed by the CBR Decision to Hike Interest Rate
Russian ruble saw muted reaction to decision of the Russian Central Bank to hike interest rate by 100 bp to 6.5%. USDRUB ticked lower, hitting resistance near 73.50 mark.The news from CBR sent USDRUB...
USD Has Room to Rise Ahead of Fed Uncertainty
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...
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