Forex

No bigger driver for Gold than inflation this week?

This week's economic calendar is dominated by US inflation data, with the Consumer Price Index (CPI) and Producer Price Index (PPI) set for release....

Euro’s Next Moves: Biden, Powell, and Inflation Data

The euro held steady at $1.0825 on Monday, recovering from a dip to $1.0815 as traders absorbed the surprising French election results, which saw a leftist alliance lead both the centrists and the right in the number of sets gained....

French election shock: What will FX markets say?

France is on the brink of a hung parliament, with the left-wing coalition capturing the most seats in a stunning upset over Marine Le Pen’s National Rally. Obviously, the forex markets are closed on the weekend. So will be interesting...

Euro eyes French vote after pound’s rally

The British pound surged above $1.276 on Thursday, reaching its highest level in three weeks, as voters across the United Kingdom headed to the polls for parliamentary elections. But, perhaps the more interesting trade is in the euro in reaction...

Brace for NFP, ECB Forum, and two major elections

This week is set to be a pivotal one for global markets, with significant economic and political events on both sides of the Atlantic. In the United States, the spotlight will be on nonfarm payrolls at the end of the...

Why have CAD short positions hit record high?

Net short position in the Candain dollar is at their largest since data collection began in 1986. As of June 11, non-commercial accounts increased their net short positions in the Canadian dollar to 129,493 contracts, up from 91,639 the previous...

Bracing for UK Inflation & BOE decision

In the UK, inflation data expected tomorrow is projected to fall to 2% in May, down from 2.3% in April. This would mark the first time since April 2021 that inflation has hit the Bank of England’s 2% target. However,...

BofA sees Aussie dollar outperforming

Bank of America anticipates diverging monetary policy paths between the Reserve Bank of Australia (RBA) and the Swiss National Bank (SNB) after their respective June meetings, with the RBA seen as one of the last major central banks to cut...

RBA decision: Will the Aussie Dollar break out?

A potentially interesting week awaits the Aussie dollar, with the Reserve Bank of Australia (RBA) expected to hold its interest rate unchanged. Money markets price around a 97% chance for rates to remain at the current level and only a...
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