Feb 20, 2017 07:21 am UTC| Research & Analysis
In recent times, we upheld our long gold trade recommendation ahead of the largely uncertain risks around Trumps inauguration and the kick-off of his presidency. Obviously, both those immediate catalysts have passed but...
Feb 20, 2017 06:36 am UTC| Technicals
Amid theintermediate uptrend, gold prices have almost retraced up to 61.8% from the lows of 1046.54 to the recent highs of 1244.71 levels in the consolidation phase, currently struggling at 1233.31 levels. On 4H charts,...
Feb 16, 2017 12:42 pm UTC| Research & Analysis Central Banks
EURCHF is so far tracking our forecast which assumes a softening in the SNBs intervention regime and a resultant orderly decline of around one cent per quarter in the cross to 1.03 by year-end. The SNB is certainly not...
Feb 16, 2017 12:18 pm UTC| Research & Analysis
USDCAD had a volatile month on mixed news flow and data, but ultimately positive signaling from Trump and a broadly weaker dollar pushed the pair to new lows since last September. While GDP, headline trade, and PMIs were...
Feb 16, 2017 06:37 am UTC| Research & Analysis
Euro and oil have adecent downside on a Le Pen victory: euro could fall about 10 cents (10%) to about 0.98 over a few weeks and oil could decline by 5-10%. In the remote scenario of a Le Pen Presidency with supportive...
FxWirePro: Not much Europe political risk priced into EM euro crosses – Outright trades for hedging
Feb 15, 2017 13:15 pm UTC| Research & Analysis
Despite being an underperformer in G10 in the past month, EUR still screens near fair value on this framework, indicating that little political risk is priced in ahead of the French elections. This is also consistent with...
Feb 15, 2017 10:13 am UTC| Research & Analysis
This weeks price action on oil benchmarks traversed almost the entire range within which prices have been held since early December, despite a near record build in US crude inventories appearing in the weekly EIA...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
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Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects