Forex Signals

The past week in monetary policy saw 13 central banks review interest rate levels and monetary policy settings.  Those that changed rates were: Belarus +300bps to 30.00%, Kenya +75bps to 7.00%, and India +25bps to 8.25%.  Russia and Denmark also adjusted the bands of their deposit and lending rates, while holding their main rates steady. [...]

What’s on the Economic Horizon
TIC Long Term Purchases To Show Demand for U.S. Securities
ECOFIN Meetings Begin Today
U.S. Dollar (USD)
And just like that, the dollar is back eating lunch at the losers’ table! Thanks to a surge in risk appetite and mixed economic data, the Greenback traded lower versus its major counterparts. Can the dollar make [...]

What’s on the Economic Horizon
U.K. retail sales growth expected to tick lower
SNB to release monetary policy assessment today
U.S. Philly Fed Index to disappoint again?
U.S. Dollar (USD)
The Greenback’s performance yesterday was as mixed as a bag of nuts as it gained against the comdolls, euro, and pound but lost ground to the Swissy and yen. With [...]

What’s on the Economic Horizon
U.K. Employment Data on Tap
U.S Retail Sales To Rock Markets During NY Session?
Euro zone Industrial Production Figures Due Today
U.S. Dollar (USD)
Dollar trading was as mixed as bag of M&Ms, as it was simply all over the place. The Greenback gained versus the Australian dollar and pound, but stumbled against the euro, [...]

What’s on the Economic Horizon
U.K. inflation expected to rise
Italian bonds on tap today
Fed budget balance to show slimmer deficit?
U.S. Dollar (USD)
Time for a break from all the bullishness! After rallying strongly the past few days, the dollar gave back some of its recent gains, sliding slightly against most of its major counterparts. While EUR/USD rose [...]

What’s on the Economic Horizon
China’s trade figures better than expected
EUR/USD down by 500 pips from last week’s open price
U.K. Nationwide consumer confidence on tap
U.S. Dollar (USD)
The dollar is king! Just like its fellow safe-haven currencies, the Greenback clobbered its high-yielding counterparts last Friday on a strong wave of risk aversion. EUR/USD fell by a whopping [...]

The past week in central banking saw interest rate announcements from 17 central banks around the world.  Just 4 of those central banks announced changes to interest rates: Armenia cut by -50bps to 8.00%, Tunisia cut by -50bps to 3.50%, and Serbia cut by -50bps to 11.25%, while Uganda increased by +200bps to 16.00%.  Meanwhile [...]

What’s on the Economic Horizon
U.K. PPI figures on tap
G7 set to meet
Canadian unemployment rate to rise?
U.S. Dollar (USD)
The dollar FTW!!! Thanks to a serious case of risk aversion and Bernanke’s dovish words, the dollar emerged as one of yesterday’s strongest currencies. It strengthened against almost all its major counterparts, most notably against the euro. EUR/USD [...]

What’s on the Economic Horizon
BOE to keep rates on hold at 0.5%
ECB rate decision scheduled today
U.S. trade deficit probably narrowed in July
U.S. Dollar (USD)
Ahh, all good things must come to an end. The Greenback’s winning streak came to a close yesterday as risk appetite improved. The commodity currencies outpaced the U.S. dollar, which consolidated against [...]

What’s on the Economic Horizon
German High Court to Vote on Bailout Participation
U.K. Manufacturing Production to Have Risen by 0.1%
BOC to Announce Decision on Interest Rates at 1:00 pm GMT
U.S. Dollar (USD)
What can stop the Greenback’s rally right now? Nothing, it seems. On Monday, the Greenback rose due to increased risk aversion. Yesterday, the reason was [...]