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  • (News by tags)
    USD regains some composure ahead of US jobs data

    ...895 in AUDUSD. 1blnUSD for USDJPY at 107.50. • Cunliffe’s pushback on negative UK rates helps sterling rally this week. • US markets closed tomorrow in observance of US Independence Day holiday.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Month / quarter / half-year end flows in focus

    ... • Chicago PMI for June misses consensus estimate, 36.6 vs 45.0 vs 32.3 previously. • Canadian GDP -11.6% in April. Canadian markets closed for Canada Day tomorrow.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD finding bids again to start holiday week

    ...• US ISM/ADP reports + FOMC Minutes for Wed while Canada closed for holiday. • US Non-Farm Payrolls features for Thursday. US markets closed on July 3.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading quietly bid ahead of the weekend

    • New coronavirus infections hit daily record of almost 40k yesterday. • Equity markets get late lift from Volcker Rule ease on US banks. • Large option expiry at 1.1200 keeping EURUSD offered, broader USD bid. • Month-end EURGBP demand being blamed fo...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US COVID case counts back in focus

    • Record breaking 36k rise in new US cases ignites “risk-off” flows yesterday. • Relatively less worse California stats this morning sees risk sentiment bounce. • US Jobless Claims increase more than expected for the 2nd week in a row. • Fitch takes awa...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US considering new tariffs on $3.1 billion of EU/UK goods

    • Bloomberg story, citing USTR notice, knocks risk sentiment during European AM. • Broader USD now recouping most of yesterday’s losses into NY trade. • Yesterday’s post Navarro pump to risk sentiment + European PMIs long forgotten. • This morning’s bet...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets shrug off COVID fears once again

    • Risk sentiment opens weaker in Asia, recovers over European morning. • USD bid at Sunday open, now retreating into NY trade. Risk currencies leading. • Net long EUR fund position gallops to 14-week highs as shorts cover post Powell. • Funds dramatica...

    ...st night that “it’s really hard to argue that the Australian dollar is overvalued”.  Low said the rising currency could become a problem at some point “but I don’t think we’ve reached that point yet.”  So...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Euro/dollar volatility leading USD flows after EU Summit

    • EURUSD rallies initially after positive soundbites from Merkel & von der Leyen. • “Frugal Four” countries don’t sound nearly as optimistic on EU recovery fund deal. • Euro subsequently falls back, dragging the USD higher across the board. • Bearish he...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    BOE increases QE by 100mlnGBP, but doesn't rule out NIRP

    • GBPUSD pops 50pts as QE amount was less than some really dovish forecasts. • BOE’s new year-end target for QE also means less weekly buying of Gilts. • Bailey hedges recovery outlook, says NIRP “a complex” issue. GBP then plunges. • Weaker than expec...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD bullish reversal stalls yesterday, but "risk-off" vibes still linger

    • Traders re-focused on negative coronavirus updates out of Texas, Florida, Beijing. • Geopolitical risk also still present with North Korea/South Korea, India/China tensions. • EURUSD toying with bearish head & shoulders pattern once again this morning....

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Risk sentiment gets big boost over last 24hrs

    • Fed to buy individual corporate bonds as part of new SMCCF program. • Trump administration seeking $1trillion infrastructure plan (Bloomberg). • US Retail Sales for May beat expectations big time, +17.7% MoM vs +8.0%. • S&Ps spike 3% higher following ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Traders shrugging off negative coronavirus headlines

    ...et long position at new 13-week high ahead of EU Summit.• • Big week ahead features US, Canadian, UK and Australian data + oil market updates. • Bank of Japan, Bank of England meetings also on deck + lots of Fed-speak.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Risk sentiment recovers overnight

    • US 10s regain 0.66% into NY close, PBOC sets much lower than expected USDCNY fix. • USD sales gather momentum into early European trade despite weak UK/EU data. • Powell may have short term bottomed the USD, but medium term trend is still lower. • Tra...

    ...ly.    However, we think traders will slug it out today, similar to what’s going on in the other major currency pairs as NY trade gets underway this morning.  It’s going to be the “yesterday was just a one-day blip...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Powell screwed it up

    ...d until 2022, SEP showed “V” recovery in 2021. • Powell then downplays SEP, last week’s NFP report, cites many risks to labor market. • Risk sentiment reverses lower and doesn’t look back. Bond and JPY traders laughing. • Short-term USD bottoms now ...

    ...bsp; This shouldn’t come as a surprise to market participants though given the euro’s relegated status as a funding currency (less desirable risk-proxy compared to the market’s favorites like AUD and CAD).    With near-...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US yields and USD continue slump ahead of FOMC meeting

    • US 10yr yield now erases almost half of last week’s gains. Keeping USD offered. • Traders expecting update to Fed’s position on yield-curve-control (YCC). • Fed will also release Summary of Economic Projections, first time since February. • Markets ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    China warns its students about studying in Australia

    • News follows China’s advisory’s to avoid Australian travel due to COVID-19 racism. • Markets go risk-off at start of European trade, with AUDUSD sales leading. • Another higher than expected USDCNY fix set the USD bid tone in Asia last night. • USD no...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Will the Fed hint at yield curve control this week?

    ...e today as US 10s re-test 0.93%. • Offered into NY trade as US 10s dip back below 0.90%. FOMC meeting on Wednesday. • GBPUSD market ill-positioned for any positive headlines on Brexit negotiations. • Leveraged funds still holding on to losing USDCAD lo...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD choppy ahead of May Non-Farm Payrolls report

    • More USD longs stopped out in early European trade after quiet Asian session. • Traders are expecting 8M jobs lost in the US, jump in the unemployment rate to 19.7%. • Canadian Employment Reports expected to show -500k jobs, 15.% unemployment rate. • ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    ECB increases PEPP by 600blnEUR, extends program to June 2021

    • Italian bonds love the news as the BTP/Bund yield spread plunges 20bp to +174bp. • EURUSD pops above 1.1230-50 resistance zone, but now falling as Lagarde speaks. • Broader USD going bid as EURUSD falls back. Markets ignoring US Jobless Claims. • USD...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD bounces after PBOC fix/OPEC news. Bank of Canada up next.

    • PBOC sets higher than expected USDCNY fix. USDCNH bounces, leads USD off lows. • BTP/Bund spread widens back above +190bp ahead of tomorrow’s ECB meeting. • Tomorrow’s OPEC+ meeting in doubt after Saudi/Russian displeasure with quota cheating. • US A...

    ...a string of lower than expected fixes over the last week and suggesting that the Chinese are done “massaging” their currency higher for now.  The off-shore dollar/yuan (USDCNH) confidently regained the 7.1000 level as a result, which in tu...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD takes another leg lower after China denies US purchase halt

    ...ion on directed halt to US soybean purchases. • China’s Global Times says “firms continue to purchase US soybeans in line with market rules.” • USD selling continues in early Europe as dollar loses more technical support levels across the board. • Reser...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Traders price-out some US/China risk since late Friday

    • Trump’s much anticipated press conference deemed soft on China by market participants. • Risk sentiment recovers late on Friday, spills over as upbeat mood in Asian trade overnight. • Mild USD returns after Bloomberg report about China pausing some US ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD volatile into month-end / Trump press conference

    • USD extends losses overnight on month-end rebalancing flows, but now bouncing. • Early NY headlines from Pompeo/Kudlow/Trump remind traders of today’s China event risk. • USDCAD trying to regain 1.3780s. AUDUSD backs off 0.6670s. EURUSD retreats off ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD continues post-Pompeo slide after better US data

    • Dollar goes bid yesterday after Pompeo confirms Hong Kong no longer autonomous from China. • PBOC sets another weaker than expected daily USDCNY fix in a bid to stabilize the yuan. • Markets celebrating another week-over-week decline in number of new U...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    European Commission proposes 750blnEUR rescue package

    • Announcement boosts EURUSD above 1.10 figure, compresses BTP/Bund yield spread further. • Two thirds of the package now proposes grants vs loans, but “Frugal Four” countries must ratify. • UK’s Brexit negotiator Frost delivers some discouraging comment...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bearish US/China bets unwound as UK/NY traders return

    ... large upcoming 1.0950 option expiry could weigh. • BOE’s Haldane says not remotely close to any decision on negative interest rates. • USDJPY lower with USD, $5bln in option expiries at 107.80-108.15 later this week.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading mixed amid competing headlines on a holiday Monday

    • Volumes and volatility subdued as US traders out for Memorial Day. S&P futures +1%. • UK markets also closed for Spring Bank holiday. GBPUSD pivoting around 1.2190s. • Weekend features barrage of negative US/China headlines, but risk sentiment holdin...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Traders freak as China set to impose new Hong Kong security law

    ...nk about positioning ahead of US/UK long weekends. • BOE’s Ramsden says “perfectly reasonable to have an open mind on negative rates”. • Bank of Japan announces new 75trillion JPY lending program for SMEs. USDJPY yawns. • China’s National People’s Cong...

    ...n.  A technical breakout in these pairs (breakdown in the yuan) could quickly lead to speculation of China weaponizing its currency once again and fears of a US/China Trade War 2.0.  Chinese officials pledged to implement the US Phase 1 trade dea...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Better European flash PMIs help repair risk sentiment after AFR report

    • Report from Financial Review hints at China going after Australia’s iron ore/coal exports. • USD bid in Asia with losses in AUDUSD leading. Trump tweet storm not helping. • Germany, France and Eurozone report better MoM reads for May flash PMIs. USD ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Continued oil rally leads risk sentiment higher overnight

    ...berg). • Japanese March Machinery Orders came in much better than expected. • RBNZ Governor Orr says he doesn’t want negative rates “at this point”. • S&Ps +1.2%. July WTI +2.4%. USD broadly lower, with CAD and NZD leading. • Four Bank of England MPC ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Yesterday's optimism largely holding ahead of Powell / Mnuchin testimony

    ...etary policy meeting for 8pmET on Thursday. • Sterling saved by better risk mood following BOE’s Haldane’s comment on negative rates. • Fed’s Powell and Treasury’s Mnuchin now delivering Quarterly CARES Act Report to Congress.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trade war fears return, but slightly better US data helps mend

    • US Commerce Dept to block Huawei from acquiring US-tech based semiconductors. • Chinese Global Times hints at retaliation against QCOM, CSCO, AAPL and BA. • EU/UK trade deal talks “have made very little progress”. Both sides “extremely divergent”. • ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump helps USD bid continue after Powell kills negative rate speculation

    • Powell removes dollar-negative yesterday; markets quickly refocused on escalating US/China tension. • President Trump adding to USD bid this morning with very critical comments towards China. • TRUMP SAYS WE COULD CUT OFF WHOLE RELATIONSHIP WITH CHINA ...

    ... to expire there at 10amET.  We think this is fitting considering the market’s continued struggle to determine which currency is a better safe-haven (USD or JPY).   This morning’s broad USD bid, which helped USDJPY earlier, ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD heavy ahead of Powell

    • Yesterday’s Fed member speak was unanimous against negatives US rates. • Jerome Powell expected to confirm Fed’s position in webcast at 9amET. • Traders seem a little nervous though, selling USD in advance. • Large option expiries in play today too fo...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Risk sentiment pendulum swings on Aussie/China headlines

    • China bans beef imports from four Australian producers. AUD losses lead USD higher in Asia. • Chinese foreign ministry then confirms ban not related to Australian COVID-19 inquiry. • China also boosts US soybean/corn import forecast and waives tariffs...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Dollar in demand to start new week

    • Number of “risk-off” narratives for traders to chew on. Eurodollars flat. • European session selling in GBP, AUD and JPY leads the USD broadly higher. • Fed’s Powell expecting to kill negative rate speculation this Wednesday. • US CPI, Retail Sales, ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Negative US rate momentum continues ahead of US/Canada job reports

    • Fed Fund and Eurodollar curves now pricing in negative US rates for 2021. • What does the global bond market (global commercial banks) know that we don’t? • Official US and Canadian employment data for April up next at 8:30amET. • Top US and Chinese t...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Larger than expected Chinese trade surplus boosts risk sentiment

    • China April Trade Surplus +45.34bln USD vs +6.35bln expected. Exports +3.5% YoY. • Saudi Arabia’s Aramco increases June official selling prices to Asian buyers by $1.40/barrel. • Australia reports larger than expected trade surplus for March, 10.6blnA...

    ...squo;d note a reversal of the EURJPY sales we saw yesterday.  We also notice the widening of the 3-month USDJPY cross currency basis swap today to -20.125bp, which is not a "risk-on" development in our opinion, but perhaps a USD-su...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    China calmly responds to US accusations

    ... Employment Report misses expectations, 20.24M jobs lost in April vs 20.05M. • USDJPY lagging on EURJPY cross sales. Japanese markets re-open tonight following Golden Week. • Tomorrow features BOE meeting at 2amET, US Jobless Claims + huge EURUSD option...

    ...ession highs and the June WTI futures contract is now trading down 6% after being up 2% earlier.  The 3-month EURUSD cross currency basis swap continued to widen over the course of trading in Europe this morning (now at -12.75bp), which is another rea...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    German court hands ECB three-month ultimatum to justify bond purchases

    ...nistration “turbocharging” efforts to reduce reliance on Chinese supply chains. • Will China official respond tonight when its markets re-open from the Labor Day holiday?

    ...reak out to the upside.  Pompeo and Trump turned up the dial a bit over the weekend and the benchmark 3-month EURUSD cross currency basis swap now trades back below zero (-0.50bp).   USDCAD DAILY USDCAD HOURLY JUNE CRUDE...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Pompeo and Trump dial it up a notch

    • Pompeo says “significant amount of evidence” exists COVID-19 came from Wuhan lab. • Trump says China “made a horrible mistake and didn’t want to admit it”. • China “intentionally concealed the severity” of the coronavirus pandemic (leaked DHS document)...

    ...reak out to the upside.  Pompeo and Trump turned up the dial a bit over the weekend and the benchmark 3-month EURUSD cross currency basis swap now trades back below zero (-0.50bp).   USDCAD DAILY USDCAD HOURLY JUNE CRUDE...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Could US/China Trade War 2.0 + another period of USD funding stress be upon us?

    • President Trump threatens new tariffs on China over handling of coronavirus. • China releases animated propaganda video, mocking US’ coronavirus response. • Chinese yuan selloff leads overnight risk-off move. AUDUSD punished. • USDCAD continues bounc...

    ...back to its old positive correlation with risk sentiment.  EURUSD is oddly bid (perhaps because of its status as a funding currency?), but we’d note a much more positive chart structure as being supportive here as well.   We’r...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Powell says "more" likely needs to be done. ECB press conference begins.

    • Fed keeps interest rates/asset purchases on hold, but concedes “more” likely needs to be done by Fed or Congress. • Trump threatens retaliation against China for handling of coronavirus; leads to broad USD bid during 8pmET hour. • Traders largely ignor...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading mixed ahead of FOMC meeting

    ...y endpoint”. S&Ps pop 40pts, dragging USD lower again. • Fed press release at 2pmET. Powell to speak at 2:30pmET. FX option markets pricing in a non-event. • China April Manufacturing PMI at 9pmET. ECB statement at 7:45amET tomorrow. Lagarde speaks ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading lower again amid another risk-on wave

    • European equities and S&P futures higher. BTP/Bunds tighter. No obvious news catalysts. • USDJPY breaks below 107.00. AUDUSD challenging 0.6500 handle. EUR and GBP higher too. • Talk of month-end/pre-Golden Week flows, WTI oil bounce and more Austral...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD pressured on lockdown easing hopes

    • Traders focus on continued talk of plans to slowly reopen economies around the world. • Australia leading efforts with new COVID-19 tracking app. Italy to slowly re-open on May 4th. • Spain, France, UK and Canada expected to announce plans this week t...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    April flash PMIs miss across the globe. US Jobless Claims + EU Summit up next.

    • Early looks at April economic activity show weaker than expected contractions worldwide. • EU Summit has begun, but EURUSD traders not optimistic. Topside option expiries could support today. • US Jobless Claims (week ending April 18) up next at 8:30a...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Global risk sentiment recovers as oil prices bounce

    • USO portfolio reshuffle helps take pressure of June WTI. Trump tweet now igniting 20% rally. • Trump instructs US Navy to shoot down Iranian gunboats if they harass US ships. • Australia reports higher than expected “preliminary” Retail Sales for Ma...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Where were you when the oil market died yesterday?

    • May WTI falls historic 305% yesterday to close at -$37.63/barrel. We were capturing screenshots! • June WTI loses $21.65 support after May went negative, continues -45% lower to $11.79 in Europe. • USDCAD rallies to extended top end of recent range (1...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    May WTI crashes 40% as nobody wants to take delivery

    • Physical oil traders, without access to storage, capitulating ahead of May futures expiry. • May WTI -40%. June WTI -12%. USDCAD regains 1.4100. S&P futures -2%. USD bid. • EURUSD range-bound but 4th weekly increase in fund net long position doesn’...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    COVID-19 patients respond well to Gilead's Remdesivir

    ...oking shaky into quiet NY calendar for today. USD lower, but yields lower too. • Price ranges exerting influence in the major currency pairs. EURUSD option expiries in play too. • USDJPY continues to flip flop between positive and negative correlation ...

    ...y into quiet NY calendar for today.  USD lower, but yields lower too. Price ranges exerting influence in the major currency pairs.  EURUSD option expiries in play too. USDJPY continues to flip flop between positive and negative co...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading mixed after US data, but still lower vs European open

    • Asia goes “risk-off” with “hard-to-believe” Aussie jobs report adding weight. • ECB’s Schnabel says “ready to do more to avoid euro fragmentation”. Risk recovers. • US Philly Fed survey for April misses expectations, -56.6 vs -30.0. Worst read since ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Risk aversion is back with a vengeance

    • Trump halts funding to World Health Organization while review is conducted. • Australia reports horrible Westpac Consumer Sentiment number for April. • Germany mulls extending lockdown to May 3rd. IEA releases negative monthly report. • There was “no...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trades mixed overnight, now offered into NY trade

    ...ontinues after 107.60-70s gives way. Huge downside option expiries weighing. • USDCAD needs to regain 1.3920s quickly or else market vulnerable to the mid-1.37s. • Three Fed member to speak today (Bullard, Evans and Bostic). Big session ahead tomorrow....

    ...amET, Evans at 12:30pmET, and Bostic at 3pmET).  We believe key technicals will also be in play today across all the major currency pairs too, especially in EURUSD and USDJPY.  Dollar/CAD suffered some chart damage when it fell below the 1.0920s ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    OPEC+ agrees to historic production cut, but oil traders not impressed

    ...5.8mln to April 2022. • Saudi Arabia & Russia to cut from 11mln bpd April baselines. Mexico allowed to cut by just 6%. • Oil markets unimpressed as news largely priced in + falls way short of demand drop from COVID-19. • Nikkei fell 2.3% today. USDJPY...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US & Canadian job data to kick off big day ahead for markets

    • US Jobless Claims and Canadian Employment Report up first at 8:30amET. • Jerome Powell to speak via webcast hosted by the Brookings Institution at 9amET. • OPEC+ meeting commences to commence at 9amET. Eurogroup reconvenes at 10amET. • ECB releases m...

    ... here in terms of new “news” in our opinion.  We would note the continued widening of the 3-month EURUSD cross currency basis swap this morning (wider 4 days in a row) as a growing EURUSD negative here.  It has widened from +60bp on M...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    EU finance ministers fail to agree upon rescue package

    ...n officially lifts lockdown today, perhaps improving Australian economic sentiment. • Big pre-Easter trading session ahead for markets tomorrow. • OPEC+ and Eurogroup meetings, US jobless claims, Canadian jobs report all on deck.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Viral optimism leads risk sentiment higher over last 24hrs

    • S&P futures up 10% in 24hrs, US 10yr yields up 10bp, USDCAD falls below 1.4000. • Japan’s soft emergency declaration + confident RBA rate hold adds to “risk-on”. • Focus turns to today’s European and US coronavirus updates + Eurogroup meeting. • UK PM...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Dollar trading mixed to start holiday shortened week

    ...ey at 10:30amET. RBA meets at 12:30amET tonight. • Canada to report its March Employment Report on Thursday. North American markets to be closed for Good Friday on April 10.

    ... be the deadliest week so far in the US’s battle against the coronavirus a widening in the 3-month EURUSD cross currency basis swap to +52bp (first widening in two weeks) an increase in the fund net long EURUSD position during the...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Dollar bid ahead of US Non-Farm Payrolls

    ...y WTI crude +6% this morning as traders price in coordinated action from key global energy producers. • EURUSD & USDJPY cross currency basis swaps continues to tighten, but traders ignore glut of new dollars. • US ISM Non-Manufacturing PMI for March out...

    ...% this morning as traders price in coordinated action from key global energy producers. EURUSD &  USDJPY cross currency basis swaps continues to tighten, but traders ignore glut of new dollars. US ISM Non-Manufacturing PMI for Marc...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump expects Russia & Saudi Arabia to cut 10mln bpd in production

    • Trump tweet leads to +35% spike in oil futures, USDCAD back down through pivotal 1.4170-90 region. • Saudi Arabia now wants cooperation from other oil producers, including the US, Canada and Mexico. • Risk-on flows now trying to reverse strong “risk-of...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump warns of a “very, very painful” two weeks ahead

    ... S&Ps -3.5%. • Month-end USD demand has passed, but dollar now attracting renewed safe-haven flows. • EURUSD and USDJPY cross currency basis swaps otherwise tighter. May WTI crude stable. • US March ADP report beats expectations for job losses (-27k v...

    ...%. Month-end USD demand has passed, but dollar now attracting renewed safe-haven flows. EURUSD and USDJPY cross currency basis swaps otherwise tighter.  May WTI crude stable.  US March ADP report beats expectations for job...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Portfolio managers still apparently short of USD into month/quarter end

    ...Sterling outperforming euro as 1.2290s hold. • China’s Manufacturing PMI for March beats expectations. Trump & Putin talk oil market stabilization. • Canada reports +0.1% MoM GDP growth for January, in-line with expectations. • BREAKING: FED OFFERS REP...

    ...lanation we can gather from market chatter this morning to explain today’s relentless bid.  The 3-month EURUSD cross currency swap basis swap is trading at +34.5bp, which is now showing a glut of USD balance sheet capacity…so it’s h...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD broadly bid as lockdown-driven economic anxiety returns

    ...Crude oil markets bearing the brunt of these fears. May WTI -6%. USDCAD regains 1.41s. • Three-month EURUSD and USDJPY cross currency swap pricing otherwise steady. • Bank of Canada’s emergency measures do nothing to help damaged USDCAD technicals. • ...

    ...ts bearing the brunt of these fears.  May WTI -6%.  USDCAD regains 1.41s. Three-month EURUSD and USDJPY cross currency swap pricing otherwise steady. Bank of Canada’s emergency measures do nothing to help damaged USDCAD tech...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Month-end flows in focus. Bank of Canada surprises with rate cut + QE

    • Dealers reporting month end demand for USD and JPY into 10amET London fix. Liquidity is thin. • Over 1.7blnEUR in EURUSD options expiring around 1.1000 strike into 10amET NY options cut as well. • USD rallying broadly into NY trade, but lots of techni...

    ...sher in a new, choppy, 1.3900-1.4200, trading range heading into April.   The widely followed 3-month EURUSD cross currency basis swaps remains steady around +19bp this morning, which indicates no trouble right now for broad dollar funding cap...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    3.28M Americans file for unemployment claims, but markets continue to shrug off expected bad news.

    ...weekly jobless claims rise 3.28M during week ending March 21, quadrupling 1982 record. • Broad risk sentiment jumps however as markets largely expected this, S&Ps +3.5%. • USD continues overnight sell-off led by narrowing in CCBS pricing and European bon...

    ..., leading the BTP/Bund spread to narrow.  We also saw notable narrowing in the pricing for EURUSD and USDJPY 3-month cross currency basis swaps (to +19bp and -45bp respectively), which signaled a further easing of global dollar funding stress.  A...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US set to pass $2 trillion stimulus package. Markets be like "what else you got"?

    • Senate Democrats and Republicans agree on historic $2 trillion rescue package. • Risk sentiment upticks into European trade but now quickly fizzles out. • GBPUSD and AUDUSD struggling to defend upside breaks. USDCAD finds dip buyers. • EURUSD dealin...

    ...o European trade this morning.  The S&P futures continued higher after rallying 9% yesterday, the 3-month EURUSD cross currency basis swap narrowed even further to +1.5bp, and the USD began yet another attempt to turn lower across the board. ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Mild coronavirus optimism leads risk sentiment higher overnight

    ...i to speak on CNBC. • Traders collectively ignore horrible global flash PMI data for March, largely expected. • Physical gold market breaks, spot trading at significant premium to June futures. • Tokyo Olympics to now be rescheduled to a later date, but...

    ...     EURUSD Euro/dollar broke above the 1.0820s earlier this morning after the 3-month EURUSD cross currency basis swap opened tighter (now just -8bp).  Are the global USD swap lines doing their magic or are we seeing mild ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Fed effectively goes all-in by signaling unlimited QE

    • Fed to buy treasuries/MBS in “amounts needed to support smooth market functioning”. • Fed to create two new bond/loan facilities for large corporations + main street business lending program. • Risk sentiment pops initially but now beginning to fade on...

    ... prop up everything for as long as necessary now, but we’re still seeing buyers on dips below 110.00.  The 3-month USDJPY cross currency basis swap has narrowed to -82 bp and the EURUSD version has narrowed to -8 bp, but again…we’re seeing a market that ap...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Broad USD rally, funding pressure, eerily takes a breather overnight

    ...RUSD downtrend momentum still intact with overnight rejection of 1.08 handle. • USDJPY focused on new fears in the global bond markets, back near 2020 highs.

    ...rade today as US dollar funding pressures seemed to ease temporarily once again.  The widely followed 3-month EURUSD cross currency basis swap (CCBS) reached a high of +1bp in overnight trade versus -46bp yesterday afternoon and -97.5bp at yesterday&r...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    They keep finding more kitchen sinks to throw

    • Kudlow hints at US government buying stocks. ECB increases QE by 750blnEUR through end of 2020. • Reserve Bank of Australia cuts by 25bp, starts QE with 0.25% yield target on 3-year government bond. • US Philly Fed survey for March misses estimates. ...

    ...t’s starting to worry about higher US bond yields and another relapse in the worldwide USD funding squeeze (3 month cross currency EURUSD basis swap has widened back to -62bp this morning).  A worsening of this shortage for dollars will hit ever...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD funding pressures ease, but European bond rout raising new fears

    • ECB’s Holzmann admits monetary policy has reached its limits. European bonds plunge. • Bank of Italy intervenes in BTP market to curb panic selling, but broader risk sentiment now hit. • Cash S&Ps set to trigger trading curbs once again. April cru...

    ...use of international USD swap lines since the 2008 global financial crisis and has led to a contraction in 3-month EURUSD cross currency basis swap pricing to just -12bp, traders are now finding new reasons to keep buying the USD…the continued plung...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD surging as dollar funding stress continues

    Benchmark 3-month EURUSD cross currency basis swap blows out to -124bp. Shows yesterday’s global central bank coordination on USD swap lines not working. USD now surging across the board as broader risk sentiment remains steady. US Treasury Secretary Mn...

    ...coverage on twitter at @EBCTradeDesk or sign up here.   SUMMARY Benchmark 3-month EURUSD cross currency basis swap blows out to -124bp. Shows yesterday’s global central bank coordination on USD swap lines not ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    None of it is working

    S&P futures locked limit down -5% despite raft on central bank actions. April crude -8%. Fed, BOE, BOJ, ECB, BOC and SNB to lower rate on existing USD swap lines by 25bp. Global central banks to now offer USD liquidity with 84-day maturity, in addition ...

    ...UDUSD HOURLY USDCNH DAILY     USDJPY The Japanese yen is one of few places to hide in currency markets today as global risk-off sentiment reaches a fever pitch once again.  Friday’s surge to the 108.50 l...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump bans all EU flights. Markets in panic mode again. ECB adds to QE.

    ... for 30 days starting this Friday. S&P and oil futures plunge. US 10yr yields retreat back to 0.70%. USDCAD bid. ECB leaves rates on hold, but adds 120blnEUR in QE and new LTRO + lowers bank capital ratios. EURUSD falls during Christine Lagarde’s pres...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump no-shows. BOE cuts 50bp. US CPI slightly beats expectations.

    Trump does not attend last night’s coronavirus press conference at the White House. Markets now re-living yesterday’s mid-session fears that the US coronavirus response is not ready yet. Saudi Aramco directed to increase its maximum capacity from 12M to ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Risk sentiment bid ahead of Trump press conference

    Trump to speak at 5:30pmET tonight. “Major” actions to support economy expected. Saudi Arabia to flood oil markets with supply but Russia still seems willing to cooperate on “joint measures”. President Xi appears to celebrate conoravirus victory in Chin...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Oil prices plunge 30% last night after Saudis start price war with Russia.

    ...ction over 10M bpd. Decision in response to Russia disagreeing to OPEC+ production cut proposal, Saudis now looking to re-take market share + pressure Russia. Oil markets panicked at Sunday open last night as new price war has effectively begun. April a...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets panicking. Traders expecting Fed to cut at least another 75bp on March 18.

    Implied Fed funds trading at 0.48%. US 10s below 0.70%. S&Ps -3%. EUR and JPY surging. U.S. FEB PAYROLLS +273,000 (CONSENSUS +175,000). CANADA FEB EMPLOYMENT +30.3K (+10K exp) Russia does not agree to OPEC’s proposed 1.5M bpd production cut. Crude o...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Coronavirus angst returns. OPEC recommends 1.5M bpd cut. Poloz to speak this afternoon.

    ...ctions. Confirmed coronavirus cases outside China now 15,865. South Korea with 5766, Iran with 3513, Italy with 3089. Global markets in risk-off mode. S&Ps -2.5%. US 10yr yields back to 0.94%. March 18 implied Fed funds at 0.788%. USDCAD bid. OPEC ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Fed fails. Biden succeeds. Bank of Canada cuts rates by 50bp to 1.25%

    • Bank of Canada cuts rates by 50bp with dovish press release. USDCAD spikes above 1.3400. • Bond markets shrug off emergency 50bp Fed rate cut. US 10yr yield plunged below 1% yesterday. • Fed funds futures still pricing in at least another 25bp in cut...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Fed Surprises Markets With 50BP Rate Cut

    ...for February beats expectations, 52.6 vs 48.8. BOE’s Carney says “may need to act”. • Reserve Bank of Australia cuts interest rates by 25bp to 0.5% as expected, but PM Morrison telegraphs it. • AUDUSD outperforming on post RBA reaction. USDJPY underper...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets want rate cuts now

    • Money markets pricing in 75bp of Fed easing by March 18th FOMC meeting. • Both Reserve Bank of Australia and Bank of Canada now expected to cut 25bp this week. • Risk sentiment bouncing mildly on prospect of coordinated global rate cuts. • USDCAD wa...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Plunge in US yields leads to rampant Fed rate cut speculation

    ... futures curve now expecting first 25bp rate cut in April, 75bp by years end. President Trump downplays coronavirus impact but markets don’t react too kindly. Number of cases increases in Italy, South Korea and Iran. Big questions now being asked about ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Global markets trying to shrug off virus fears again

    • S&P futures and US yields bounce, despite more coronavirus cases in South Korea and Italy. • China reports just 5 new cases outside Hubei province. USDCNH traders sidelined. • USDCAD continues to struggle with 1.3300 resistance level. AUDUSD extends ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Risk sentiment up mildly after yesterday's pandemic fear driven moves

    ...cedes off 1.0860s resistance with gold decline, now likely to deal with option expiries. Pause in risk-off sentiment helps oil market bounce, stalls USDCAD attempt at 1.33 handle yet again. AUDUSD not looking too hot with prices still below 0.6605-0.6630...

    ...e fact is that risk sentiment is mildly better than this morning and this not good for EURUSD given its new status as a funding currency.  Over 1.1blnEUR in options are expiring between the 1.0825 and 1.0835 strikes this morning and we think this is a...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Italy, South Korea and Iran in panic mode as number of coronavirus infections explode higher.

    ...Chinese yuan believing just 11 new cases outside Hubei province for Feb 24. AUD benefits. EURUSD torn between its new funding currency status and pricing Italian contagion risks. USDJPY longs fight risk-off flows, but market finally gives up low-111s su...

    ... believing just 11 new cases outside Hubei province for Feb 24.  AUD benefits. EURUSD torn between its new funding currency status and pricing Italian contagion risks. USDJPY longs fight risk-off flows, but market finally gives up low-...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    South Korean COVID-19 cases double. European flash PMIs beat, but skewed to upside.

    Asian session shows mild risk-off flow as conoravirus news flow is negative once again. Tone improves in European trade following February flash PMI beats for Germany/Eurozone. IHS Markit’s Chris Williamson says numbers skewed to the upside by supply cha...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets spooked by jump in South Korean & Japanese coronavirus cases

    Number of new cases soars to 104 in South Korea and 92 in Japan today. China reports 16th straight day of declines in new cases outside Hubei province. USDCNH breaks higher. USDJPY continues “sell everything Japan” surge higher. Overnight risk-off tone...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    More positive headlines out of China propel risk sentiment higher again

    • Daily increase in new coronavirus cases outside Hubei province declines again in China. • Beijing considering cash infusions and mergers for airline industry + LPR rate cut tomorrow. • US PPI for January comes in much hotter than expected, +0.5% MoM vs...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Apple warns due to coronavirus. German ZEW for February misses expectations.

    ...ent 8.7 vs 21.5 expected. RBA Minutes: CORONAVIRUS A "MATERIAL" RISK TO OUTLOOK FOR CHINA ECONOMY, AND THUS AUSTRALIA. Global markets waking up to looming economic impact from coronavirus outbreak. China continues to report daily decline in new cases ou...

    ...f we add the US’ relative outperformance on the economic front and the Euro’s new status as a “funding” currency of late, we think even asset managers are struggling to find reasons to own EUR here.  We see mild trend-line exte...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets hopeful that Thursday's coronavirus spike in China was a "one-off" event

    ... but 1.3240 in USDCAD still holding. Buyers fail twice at 1.3040-50 resistance in GBPUSD over the last 24hrs. Canadian and US markets closed on Monday for Family Day and President’s Day holidays.

    ...     EURUSD It was a puke fest for EUR yesterday as rampant coronavirus optimism punished the negative yielding currency with nothing fundamentally positive on the horizon.  Euro/dollar resumed lower after the 10amET option expiries and col...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Coronavirus case count surges in China after “clinically diagnosed” cases now included

    ...not restarted. Hubei work suspension extended to at least Feb 20. Wartime residential lockdown starts in Dawu County. Global markets go risk-off in Asia, but recover during European/early NY trade as traders seemingly give China the benefit of the doubt...

    ...   EURUSD It was a puke fest for EUR yesterday as rampant coronavirus optimism punished the negative yielding currency with nothing fundamentally positive on the horizon.  Euro/dollar resumed lower after the 10amET option expiries an...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Hawkish rate hold from RBNZ + more coronavirus optimism leads risk sentiment higher again

    Reserve Bank of Zealand upgrades economic outlook and OCR projections while holding rates steady. NZDUSD rallies 1%, lifting AUDUSD higher and dragging USDCAD lower. China now reporting 44,653 coronavirus infections, but today’s 2015 increase was lower t...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Slower rate of coronavirus infection today helps risk sentiment overnight

    Only 2,478 new cases of the coronavirus confirmed today in China versus 3,062 new cases yesterday. China’s Zhong Nanshan says “this event may be over in something like April”. USD broadly lower overnight on risk-on sentiment, now lower again following Po...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    China slowly returning back to work, but markets yet not convinced worst of virus is behind us

    Chinese government eases some travel and work restrictions, urges millions to gradual return to work. PBOC announces 300bln special lending facility for banks with orders to “issue loans quickly”. WHO’s Tedros finally admits “we may only be seeing the ti...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Coronavirus fears escalate again overnight. US & Canadian job reports up next.

    New international cases aboard quarantined Diamond Princess cruise liner jumps to 61. Singapore has raised its Disease Outbreak Response System condition to orange from yellow. USDCNH move above 7.0000 leads risk-off move, which in turn hurt commodity cu...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    China to lower tariffs on $75 billion of US goods starting next week

    Another positive Chinese soundbite drives risk-on sentiment in late Asia, but skepticism follows. Global Times says China considering invoking “disaster” clause in phase one trade deal. Over 28k people now infected in China. 562 dead. Tiajin beginning ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Research team at Zhejiang University has “found an effective drug” for coronavirus

    Chinese state TV releases headline during 3amET hour, leads to another broad “risk-on” move. Sky News reporting UK scientists have made “significant breakthrough” in race to create vaccine. US yields break through 1.61% resistance. USDJPY gallops over 1...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets go risk-on after more Chinese intervention

    China pumps another 400bln yuan into money markets. Urges investors not to panic. Sets USDCNY fix lower. RBA downplays coronavirus for now, saying it will “temporarily weigh” on domestic growth. AUD bounces. UK Construction PMI for January beats expec...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    China intervenes to calm its capital markets

    PBOC injects 1.2 trillion yuan, cuts 7 & 14 day reverse repo rates. Chinese regulators halt night trading in A50 China futures + ban short selling of stocks. Intervention halts further selling after Shanghai Composite gaps down 7%, lifts risk sentiment. ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Countries taking matters into their own hands after soft WHO emergency declaration

    WHO declares public health emergency of international concern regarding coronavirus. The un-binding decree however stops short of recommending travel restrictions. Italy, Singapore, US and Japan take further steps to curtail travel to and from China. Ov...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Fed leaves rates unchanged. BOE hurts doves with rate hold. Coronavirus fears mount.

    Fed to keep intervening in overnight/term repo + T-bill markets until “at least April”. Achieving “ample” bank reserves the focus. Bank of England disappoints rate cutting doves. OIS markets reprice for no cut in March and GBP rebounds. Global economic...

    ...igher following the Bank of England’s hold to interest rates, and we think those USD sales are leaking through into other currency pairs as well as this hour.   The FOMC kept US interest rates on hold yesterday as well, and while the Fed...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    The virus is spreading and the outbreak situation is still grim, says Chinese Premier Li Keqiang.

    ...lower. GBPUSD falls back below 1.3010s ahead of BOE meeting tomorrow. Rate cut odds at 45%. FOMC meeting at 2pmET, but money markets are not forcing the Fed’s hand at all.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Coronavirus outbreak may reach its peak in one week or about 10 day

    ...ntist Zhong Nanshan. Broader risk sentiment improves with global equities, yields, yuan all bouncing. OPEC trying to stem oil market decline with talk of extending & deepening production cuts. Hong Kong set to put curbs on individual travel from mainlan...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Coronavirus outbreak takes turn for the worse over the weekend

    ...ground is numbers are way higher. China extends Lunar New Year holiday by one week to help stem spread of the disease. Global markets go into “risk-off” mode to start week, with plunge in Chinese yuan leading. AUDUSD collapses. USDCAD threatens upside ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Ten Chinese cities totaling 30 million people now on lockdown

    More negative coronavirus headlines spurs small “risk-off” USD buying wave in London trade. EURUSD can’t break above 1.1060 following German flash PMI beat. Eurozone flash PMI miss doesn’t help. Bank of England rate cut odds for January 30th barely move...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of Canada goes dovish again. ECB stands pat. Coronavirus spreads.

    .... Expected late 2020. Three Chinese cities now on lock-down as coronavirus spreads to almost 600 cases and kills 17. Chinese markets now closed for the Lunar New Year holiday, with USDCNH threatening upside break. Beijing to cancel holiday festivities....

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Coronavirus headlines cause Asian session volatility once again. Bank of Canada up next.

    China reports 440 cases last night with 9 dead. Another small “risk-off” wave ensues. Relative calm returns after press conference from Chinese health officials. Sterling shoots higher after surprise surge in UK manufacturing confidence (CBI survey). O...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Chinese coronavirus fears spark "risk-off" flows in Asian trade

    • US yields re-open lower, USDJPY falls, and gold prices spike higher initially. • Two positives European data narratives + gold selloff now helping risk sentiment into NY trade. • German ZEW survey and UK employment report both surprise to the upside. ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading mildly bid into US Martin Luther King holiday

    ...inue to depress EURUSD and AUDUSD. • Overnight oil volatility following supply disruptions in Libya & Iraq doesn’t shake other markets. • Funds at CME sell USD broadly during week ending January 14, except against JPY. (CFTC) • USDCAD still observing 1....

    ...wer this morning as technical selling, from the now obvious “head & shoulders” pattern on the daily chart, weighs on the common currency.  The leveraged funds at CME appear to be missing the boat on this move however, as the CFTC’s weekly COT report showed...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of England rate cut odds shoot up to 66% after more weak UK data

    UK Retail Sales fall 0.6% MoM in December versus expectations for a 0.5% gain. OIS market now sees 66% chance of 25bp rate cut from the BOE on Jan 30th. GBPUSD rejects last week’s 1.3080s chart support (turned resistance) with a vengeance. EURUSD weighe...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US/China "phase one" deal signing passes without much fanfare

    Equity markets rally but the bond traders are not believing it. US yields continued lower in overnight trade, dragging USD broadly lower. Better Retail Sales + stellar Philly Fed numbers out of US now sees yields/USD bounce. Bearish upside breakout fail...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US/China "phase one" trade deal to be signed at 11:30amET this morning

    ...ement with China. Ceremony to take place at White House at 11:30amET. Details of the deal to be announced beforehand. Global markets displaying some pre-ceremony jitters, with lower US yields leading the USD broadly lower. US core PPI for December disa...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Global markets steady ahead of looming US/China phase one deal signing

    ... article. USDCNH breaks below 6.8850 support to make new 6-month low, but now reversing higher. “Buy the rumor…sell the fact” market reaction on our minds for tomorrow. USDCAD still stuck in familiar 1.3110-30 to 1.3090 range. AUD glued to 0.6900 optio...

    ...p; More here.  This optimistic headline follows yesterday’s news that the US Treasury removed China from its list of currency manipulators.  However, some of this optimism is being dialed back now as an SCMP article make the rounds about th...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of England rate cut odds for Jan 30th gallop to 49%

    BOE out with yet more dovish comments over the weekend, this time from member Gertjan Vlieghe. UK GDP for November surprisingly contracts 0.3% MoM vs expectations of no growth. GBPUSD slumps down to 1.2980s. EURGBP rallies above 0.8550. USDJPY at new s...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of England's Tenreyro going dovish too. US & Canadian employment reports up next.

    ... support in the 1.1090s. Large option expiry at 1.1140-50 today. USDCAD momentum neutral after oil bounce/Poloz comments pull market off 1.3090s resistance. USDJPY threatening upside breakout above weekly resistance in 109.60s, but US 10yr yields not co...

    ...DCNH DAILY     USDJPY What a week it’s been for USDJPY!  As one of the most popular currency pairs through which traders express broad “risk-on, risk-off” sentiment, it has bourn the brunt of the US/I...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump de-escalates. Carney goes dovish. Australia calls for more evacuations.

    Equities and US yields score bullish daily reversals while February gold and oil futures record bearish reversals. Dovish comments from BOE Governor Mark Carney sees GBPUSD lose trend-line support in the 1.3080s. EURUSD still in the pits on broad USD s...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Iran attacks US airbases in Iraq, but no US casualties reported

    ...r in gold and oil prices have now completely reversed. US yields trading back higher. Broader USD reaction rather muted, with markets now following US yields for the most part. US ADP Employment Report for December beats expectations, +202k vs +160k. W...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Australian dollar plunges as talk of RBA rate cut continues to grow

    Australian December job ads fall 6.7% MoM, stoking fears that wildfires will hurt official employment figures. OIS market pricing in 87% chance RBA cuts rates 25bp on Feb 4th to help economy cope. AUDUSD gives up key 0.6920-40 support level, falls all th...

    ...unce this morning but we’d argue it has more to do with the overnight plunge in the Australian dollar (a fellow commodity currency) as opposed to some signs of de-escalation in US/Iran tensions.  It’s been pretty much uphill for USDCAD eve...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US/Iran tensions escalate over the weekend, but markets starting to calm down again

    Iran further threatens retaliation for the killing of Qasem Soleimani, announces it will no longer be bound by 2015 nuclear deal. Iraq votes to begin process of expelling US troops. President Trump threatens both Iran and Iraq in response. Gold surges 2...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US drone strike kills top Iranian military commander

    ...t US personnel abroad. • Iran’s President Rouhani vows “harsh retaliation” to “take revenge for this heinous crime”. • Global markets reacting with classic “risk-off” moves. Stocks, yields, and USDJPY lower. • February crude oil +4%, Feb gold punches a...

    ...sp; We think what we’re seeing today as well is another example of how the Australian dollar is a “high-beta” currency.  It tends to behave in a more volatile manner (compared to its G7 peers) when reacting to global “risk-on, ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US dollar battered over the holidays

    • US dollar plunges during week between Christmas and New Year’s holidays. • US-China driven “risk-on” was a narrative, but steady demand for bonds/precious metals also noteworthy. • Are traders bracing some dovish Fed development or negative US economic...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    FX markets quiet as Christmas holiday approaches

    .... US yields re-challenging 1.95% break-out level. February gold breaks above $1490. CME equity, interest rate and FX futures markets close early at 1:15pmET. Global markets closed for Christmas holiday tomorrow. US markets re-open on Dec 26, while Can...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Sterling extends losses following latest CFTC fund positioning data

    Funds at CME piled into GBPUSD longs just as the market was topping. Brexit Withdrawal Bill passes UK House of Commons by 358-234. EURUSD floundering at 1.1070s trend-line support level. AUDUSD enjoying some relative outperformance after 0.6895 held int...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Canada reports dismal Retail Sales report for October

    Headline reported -1.2% vs +0.5% expected. Ex-autos comes in -0.5% vs +0.3% expected. USDCAD rallies 50pts. NY close above 1.3150-60s would ruin momentum for new downward trend. Euro continues lower, weighted by firm US yields. Quad witching + pre-hol...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of England keeps rates on hold with 7-2 vote

    GBPUSD gyrates up and down with wishy-washy BOE outlook, but trend still down. AUDUSD bounces on better than expected Australian employment report for November. German and US 10yr bond yields on the cusp of major upside breakout, but Philly Fed miss coul...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading mixed into NY trade

    USDCAD range-bound in overnight trade, but leans lower now following beat on Core Median November CPI for Canada. AUDUSD holding top end of 0.6810-30 support zone. Australian employment report out at 7:30pmET tonight. Euro slumps on weight of negative N...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Johnson vows to outlaw Brexit 2020 transition period extension in new Withdrawal Agreement Bill

    No-deal Brexit anxiety returns. GBPUSD completely fills Thursday’s 5pmET upside chart gap. UK reports mixed November employment report. Deutsche Bank calling for BOE rate cut in January. EURUSD rallies a bit in Europe, but then fades into NY trade afte...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USTR Lighthizer says US/China phase one deal is "totally done"

    ... & Retail Sales for November. Markets go “risk-on” to start week. S&P futures trade to new record highs. Bond, commodity, FX markets more skeptical as deal lack details, not written down, still needs translation on key points. USDCAD falls below 1.3160...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Boris Johnson's Tories achieve landslide UK election victory

    GBPUSD surges 350pts in early Asia to hit 1.35 handle. Broad USD sales ensue. Risk-on wave in Asia follows very positive US/China trade deal sentiment from NY session yesterday. President Trump reportedly signs off on deal to reduce existing China tarif...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Fed leans dovish. ECB stands pat. UK election result looms.

    Dovish Powell sends US yields and USD lower yesterday. EURUSD achieves technical upside breakout. AUDUSD extends its rally post-Fed, following early session break back above 0.6840. USDCAD collapses below 1.3180s, now a pivotal level ahead of Poloz spee...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    FX markets quiet ahead of Fed rate decision

    • Markets expecting no change to interest rates and forward guidance. • US CPI (Nov) comes in slightly higher than expected on headline, but in-line on the core measure. • GBPUSD moved swiftly lower in Asia after final YouGov MPR poll predicts Tory major...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US/China negotiators “laying the groundwork” for delay of Dec 15th tariffs (WSJ).

    • Risk sentiment getting slight boost into NY trade. S&Ps, yields, Chinese yuan, USDJPY higher. • AUDUSD still marred by Friday’s negative post NFP reversal back below the 0.6840s. • USDCAD traders digesting conflicting USMCA headlines amid new 1.3160-1...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    OPEC+ Said to Agree to 500k bpd Cut US & Canada Job Reports Up Next

    • OPEC+ press conference imminent. Oil markets un-enthused. • US expected to show +180k jobs created in November, +10k for Canada. • Germany reports dismal Industrial Output numbers for October, but traders ignore. • Jeremy Corbyn reveals secret docume...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of Canada surprises market with less-dovish than expected assessment of global economy

    • USDCAD plunges through 1.3260s…all the way down to 1.3180s. Uptrend now over. • Bank of Canada’s Timothy Lane adds to USDCAD losses with hawkish tone on rate guidance. • OPEC meeting now underway with rumors of 800k bpd “Saudi surprise” deepening of o...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bloomberg US/China article lifts risk sentiment into NY trade

    • US, China Move Closer to Trade Deal Despite Heated Rhetoric, say “people familiar with the talks”. • S&P futures, Chinese yuan, USDJPY, US yields, commodity currencies all higher. • US ADP Employment Report (Nov) +67k vs +140k exp. Miss adds fuel to b...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump: "it might be better to wait until after the 2020 election for the China deal"

    ... uptrend intact, with move back above 1.3300. BOC meets tomorrow. • AUDUSD rallies after RBA delivers upbeat hold to interest rates, but softer since Trump. • GBPUSD breaks higher after polls show Tories regaining lead of Labour. • Funds continued to b...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD broadly higher to start holiday shortened session

    ...ouGov MRP poll. UK PanelBase poll shows Tories now just 8pts ahead of the Labour party. Equity, interest rate, and FX futures markets close early today at 1:15pmET.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US Durable Goods and Q3 GDP (2nd estimate) surprise to the upside

    ...very bearish RBA call from Westpac. • Weekly EIA oil inventory report out at 10:30amET. Last night's APIs were bearish. • US markets closed for US Thanksgiving Day holiday tomorrow.

    ...ar/CAD bulls held on for dear life during early European trade this morning after a broad USD selling wave swept over commodity currency pairs.  There’s been some chatter overnight about the US/China trade deal being in its “final throes&r...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    RBA's Lowe brushes off QE and negative interest rate policy

    • AUDUSD volatile, but survives another re-test of 0.6770s chart support. • Xinhua reports phone call between China’s Liu and the US’ Lighthizer this morning. • Both negotiators “reached consensus on properly resolving relevant issues” and agreed to stay...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Sterling falls after UK flash PMIs for November miss expectations

    • GBPUSD falls swiftly back below 1.2900. BOE rate cut chatter re-emerging. • EURUSD sees some volatility after mixed German/Eurozone flash November PMIs. • Chinese Global Times says “China will fight back and retaliate” is US raises tariffs. • AUDUSD ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trading algos fall for positive US/China trade headlines overnight

    ...uggles to regain 0.6815 level lost during yesterday’s risk-off move. • USDJPY stuck, with 5blnUSD of option expiries below the market likely adding temporary support. • Fed’s Mester and Bank of Canada’s Poloz now speaking.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US/China trade sentiment deteriorates further. BOC's Wilkins shocks market.

    ...y vows “forceful measures”. Markets go mildly “risk-off”, with USDCNH leading USD strength. • Bank of Canada’s Wilkins shocks market with dovish speech yesterday. • USDCAD upside breakout, to new uptrend, back in play. Canadian CPI (Oct) meets expectat...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump/Powell meeting brought out some dovish rumors yesterday

    ... yield dropped further to 1.80%, dragged broader USD lower with it. • AUDUSD lower post RBA Minutes, but McCrann article helps market recover. • US Housing Starts miss but US Building Permits beat (October data). • Canadian Manufacturing Sales (Sep) bea...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Big Tory lead over Labour helps risk early on, but negative CNBC trade tweet sours mood.

    • Tories now lead Labour by at least 14pts in UK election polls. GBP rally initially leads risk higher. • Negative US/China trade tweet sours mood, leads to “risk-off” into NY trade. • US stocks, yields, USDJPY and Chinese yuan reverse lower. Gold spik...

    ... wait due to impeachment, US election. Also prioritize China economic support.” This could also explain the commodity currency underperformance over the last hour.  The PBOC unexpectedly cut its reverse repo rate today, but this monetary eas...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Kudlow's comments rescue risk into overnight session.

    NEC Director says deal with China is “close” and that “we are coming down to the short strokes.” US yields and USDJPY bounce. Broad USD selling continued in Asia, dialed down in Europe, now back again. EURJPY buying helps EURUSD break above 1.1020s, ext...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets in risk-off mode again after weak overnight data.

    • WSJ article says: “US-China Trade Talks Hit Snag Over Farm Purchases”. • Japan Q3 GDP disappoints. Australia shocks market with -19k job loss for October. • Chinese Industrial Output and Retail Sales data for October misses expectations. • Germany n...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Broad "risk-off" flows kick in after Trump's speech.

    Trump doesn’t deliver the “constructive statement on China” that traders were expecting. USD broadly higher with “risk-off” flows, ignoring US yield slump. USDCAD breaks above 1.3250. US reports mixed CPI number for October. Headline measure beats but...

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  • (News by tags)
    Markets optimistic ahead of Trump speech.

    • US 10s teased break above 1.95%, but backing up a bit now. President Trump to speak at 12pmET. • Sources familiar with Trump’s remarks say there will be a “constructive statement on China”. • USDCAD on the verge of positive trend change, but close abo...

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  • (News by tags)
    US yield rally continues. Canadian employment report out next.

    • US yields re-attacking the 1.95% level as White House “very, very optimistic” about US/China trade deal. • Traders expecting +15.9k new jobs created in Canada in October. • EURUSD and gold prices succumbing to further pressure from global bond rout. •...

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  • (News by tags)
    Bank of England holds rates unchanged, but two dissenters wanted cuts now.

    • BOE members Saunders and Haskel vote to cut 25bp now. GBPUSD falls. Carney tilts dovishly. • IF DOWNSIDE RISKS EMERGE TO UK ECONOMY, THERE MAY BE A NEED TO PROVIDE REINFORCEMENT. • China and US have agreed to cancel existing tariffs in different phas...

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  • (News by tags)
    Broader risk appetite recedes a bit as US yields back up 4bp.

    Traders awaiting the next US/China headline amid quiet economic calendar. US yet to confirm willingness to drop some tariffs against China. Fed’s Evans says monetary policy is “not that far off the neutral rate”. Fed’s Williams to speak at 9:30amET. Fe...

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  • (News by tags)
    It's "risk-on" again for global markets, with US 10yr yields now cracking above 1.83%.

    • Growing trade deal optimism continues to propel stocks, yields and USDJPY higher. • Negative tweet from Chinese Global Times editor Hu Xijin adds a wrinkle. Subsequently deleted. • PBOC cuts MLF rate by 5bp to 3.25%. RBA focuses on domestic positives...

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  • (News by tags)
    Positive trade headlines boost risk sentiment, but broader USD tone more guarded

    • Wilber Ross optimistic on China deal; US may not need to put tariffs on EU cars. • White House official tells Politico a deal with China is almost there. • S&P +0.6%, Crude oil +1.6%. Copper +0.6%. US yields bumping up against 1.77%. • Broader USD sh...

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  • (News by tags)
    Caixan Manufacturing PMI lifts sentiment overnight, but markets now bracing for potentially negative US NFP

    ...turing PMI (Oct) at 10amET, with consensus expecting 48.9. Massive EURUSD and GBPUSD option expiries could complicate post-NFP market reaction. EURUSD, GBPUSD, AUDUSD all holding support, poised to benefit from weak NFPs. USDJPY clinging to 107.90s supp...

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  • (News by tags)
    Poloz turns cautious. Powell maintains stubborn optimism, but bond market not falling for it.

    ...“worsening global situation”. OIS now pricing in 30% chance of Dec 4th rate cut. • Powell delivers hawkish rate cut, but bond markets don’t believe Fed easing cycle is over. • Negative US/China headlines from Bloomberg derail post-Fed USD sales. EURUSD...

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  • (News by tags)
    US Q3 Advance GDP beats expectations. BOC, FED and BOJ meetings loom.

    US Q3 Advance GDP +1.9% vs +1.6% expected. USD bid broadly into NY open. Bank of Canada interest rate decision at 10amET. Press conference at 11:15amET. Fed interest rate decision at 2pmET. Press conference at 2:30pmET. Traders expect no change from ...

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  • (News by tags)
    EU agrees to Brexit extension to January 31, 2020

    • EU grants UK request for Article 50 extension. Sterling unphased as this was expected. • S&P 500 trades to new all time high, propelled by US/China Phase 1 deal optimism. • US 10yr yields continue rally after Friday break above 1.77%. USDJPY eyeing bre...

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  • (News by tags)
    Broader USD bid ahead of US/China talks and Brexit extension decision from the EU.

    ...or Dec 12 elections sees GBPUSD volatility, but Labour party unlikely to support. AUDUSD buyers trying to make a stand to keep market above 0.6800. USDCAD trying to hold 1.3060s on broad USD buying, but oil bid & EURCAD sales continue to weigh. USDJPY h...

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  • (News by tags)
    ECB keeps monetary policy unchanged. Draghi says his legacy is "never give up".

    • All ECB measures from September kept in place. Mario Draghi attempts to clarify. • Germany’s flash PMI for October misses expectations. Services PMI 51.2 vs 52.0, now at 6-year low. • EU expected to confirm UK’s request for Brexit extension by end of...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    UK lawmakers pass Withdrawal Agreement Bill, but shoot down government's rushed Brexit time-table

    ...terday’s APIs showed another surprise build. • BOJ considering lowering growth/inflation forecasts next week, but not interest rates (according to Bloomberg/WSJ sources).

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Trudeau holds on for 2nd term. Canadian Retail Sales disappoint. BOS up next.

    • Liberals win minority government, as expected. LIB 157, CON 121, BQ 32, NDP 34, GRN 3. • Canadian Retail Sales (Aug) miss expectations: -0.1% MoM vs +0.4% and -0.2% MoM vs +0.1% ex Autos. • Bank of Canada’s widely followed Q3 Business Outlook Survey o...

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  • (News by tags)
    Brexit vote delayed, Boris Johnson forced to ask EU for Article 50 extension

    • UK Parliament instead passes Letwin amendment, which forces new detailed Brexit withdrawal legislation to be tabled first. • Boris Johnson sends letter to EU asking for Brexit extension. EU sources reportedly likely to grant. • GBP bid on “no-deal” Br...

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  • (News by tags)
    Markets await historic Brexit "Super Saturday"

    ... helping. USDCAD threatening break below 1.3100-1.3300 range from the end of summer. USDJPY stalled with US yields, as global markets also await Brexit outcome. More Fed-speak on deck for today. Canadian elections on Monday. The ECB meets next Thursda...

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  • (News by tags)
    UK/EU reach new Brexit deal but UK opposition parities not on-board

    • GBP surges but then reverses lower. 1-week option vols explode higher. 1-month risk reversals plummet. • Risk now rising that Saturday’s UK Brexit vote in the House of Commons will fail. • EURUSD continues yesterday’s rally off Fed Evans. EURGBP buyin...

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  • (News by tags)
    EBC's Erik Bregar Offers 2 Free Weeks of Customized Market Coverage

    Limited time offer: Try out EBC’s customized market coverage free for 2 weeks!

    ... and Head of FX Strategy, Erik Bregar, you'll receive customized insight into the fundamental and technical factors driving the currency markets you're exposed to, tips when it comes to timing your currency exchanges and FX hedges, and a demonstration of t...

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  • (News by tags)
    Main stumbling block to a Brexit deal has been removed, according to RTE.

    RTE News quoting two EU sources, claiming DUP acceptance of latest proposal. GBP pops. US reports weaker than expected Retail Sales for September. Some EUR and AUD buyers return. Canada reports weaker than expected CPI data for September. USDCAD inche...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    US/China "Phase 1" deal optimism fizzles a bit

    • US to drop this week’s planned tariffs in exchange for China committing to 50bln/annum in ag purchases. • Nothing written down though. China now wants more talks before signing + removal of all tariffs to date. • S&P futures, US yields, crude oil off ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Surge in Brexit & China deal optimism leads to broad "risk-on" flows. Canada reports blowout jobs number.

    ...es a breather. USDCNH holding 7.0920s. • USDJPY meeting sellers at 108.40s as US 10yr yields stall into NY trade. • Canadian markets closed on Monday for Thanksgiving holiday.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Whose head is spinning?

    • Conflicting US/China trade headlines make overnight trading chaotic. Risk-on now in full effect though after NY open. • US 10s back above 1.60%. German bunds back above -0.50%. Positive US/China trade headline on the way? • USDJPY surging back above...

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  • (News by tags)
    Powell announces the need to add more bank reserves, but it won't be QE.

    ...ed to expand balance sheet. • Powell: “Growth of balance sheet for reserve purposes should not be confused with QE”. • Global markets in better mood following some positive US/China trade headlines. • USDJPY and CNH are the biggest benefactors today, bu...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Negative Brexit & US/China trade headlines hit risk appetite

    • US blacklists 28 Chinese tech companies. China says “stay tuned” for retaliation strikes. • Chinese delegation might cut Washington trip short this week. Vice Premier not “special envoy” (SCMP). • GBP tanks after Boris Johnson tells Angela Merkel Bre...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    China increasingly reluctant to agree to a broad trade deal with the US

    • Markets go mildly “risk-off” at the Sunday open, but recover. US/China talks to resume on Thursday. • November crude oil rallies 1% back above $53, pressures USDCAD into NY open. • EURUSD shakes off weak German Industrial Orders data, trade back above...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Traders bracing for weak US September NFP numbers

    • Market expecting +145k jobs created, but chatter suggests it could be even less. • “Fed rate cut trade” poised to end the week on a high note after weak US data. • EURUSD and AUDUSD knocking at chart resistance, while USDJPY searching for support. • U...

    ..., Head of FX Strategy   Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Dismal US ISM report invigorates Fed rate cut trade

    Bonds, Dec Eurodollars futures, gold and JPY all continue to trade higher. US ADP Employment Report for Sep misses expectations: +135k vs +140k. August ADP job gains revised lower by 38k. EURUSD resumes higher after blip lower from IFO’s German GDP down...

    ..., Head of FX Strategy   Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Reserve Bank of Australia cuts interest rates for the third time this year

    ...for July helping. • EURUSD trying to bounce after slightly better than expected final Manufacturing PMI out of Germany. • GBP market doesn’t appear to have faith in Boris Johnson’s new Irish border proposal. • Poor JGB auction in Japan spokes Japanese b...

    ...sp; But why?  We’ve heard reports that Japan’s Government Pension Investment Fund (GPIF) said it will consider currency-hedged overseas bond holdings, as it’s already close to the 19% limit in its current mandate.  We’re a...

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  • (News by tags)
    EURUSD trades to new 2 year low

    • Weak technicals, mediocre German data, option expiries weighing on EUR. • Sterling holds 1.2290s support after mild beat on Q2 annualized GDP. • AUDUSD very quiet ahead of RBA interest rate decision tonight at 12:30amET. • USDCAD buyers return after o...

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  • (News by tags)
    Nancy Pelosi announces impeachment "inquiry" against Trump

    ...es clear path forward on Brexit post Supreme Court ruling. • USDCAD bounces, led by broad USD strength and more selling in oil markets. • EURUSD backs off 1.1020s, but massive 1.1000 option expiry likely to support into tomorrow. • EIA oil inventory rep...

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  • (News by tags)
    UK Supreme Court rules suspension of UK parliament was unlawful

    • Boris Johnson suffers another defeat, but the market likes it. GBPUSD rallies 50pts. • Sterling rally and topside option expiries help EURUSD shake off mixed German IFO report. • RBA’s Low says the Australian economy had reached a “gentle turning poin...

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  • (News by tags)
    Germany's manufacturing PMI prints a new 10yr low this morning

    • EURUSD falls 50pts. Bund yield drop 6bp. German recession fears get dialed up a notch. • Risk-off flows knock S&Ps, USDJPY and oil prices lower. • USDCAD still struggling at 1.3300 chart resistance level. AUDUSD holding Friday’s lows. • GBPUSD drag...

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  • (News by tags)
    Canadian Retail Sales on deck

    • Market consensus is +0.6% MoM, +0.3% ex. Autos. • Traders also watching results of NY Fed’s latest repo operation. $75blnUSD to be offered overnight again today. • Sterling reversing yesterday’s upside breakout as traders await Juncker’s full intervie...

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  • (News by tags)
    Powell disappoints markets again by brushing off repo mess

    ...ly taking a hit. Bond yields and USD lower, gold higher. • NY Fed completes another 75blnUSD injection of liquidity into repo markets. Now 203bln in 3 days! • USDCAD backs off 1.3300 level, with Pompeo saber rattling giving oil prices a bid. • EURUSD ...

    ...Y GBPUSD HOURLY EURGBP DAILY     AUDUSD The Australian dollar is the only G7 currency that couldn’t recover from yesterday’s Fed meeting in the overnight session, and it appears last night&rsqu...

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  • (News by tags)
    Repo goes berserko

    • US overnight treasury repo rates skyrocket to 7-10%, sparking bank liquidity fears. • No spillover effect into bond markets so far with US treasury and bund yields steady. • AUDUSD falls below 0.6855 channel support after dovish sounding RBA Minutes. ...

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  • (News by tags)
    Oil markets spike 15-20% higher after weekend attack on Saudi Arabia shuts down 50% of production

    ...t admits return to normal “may take months” (Reuters). • USDCAD, USDJPY and S&P futures gap lower, but sense of calm return to markets as oil traders fade sessions highs. • EURUSD slumps after disappointing NY close on Friday, angst ahead Fed’s rate deci...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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    EUR violently reverses higher post ECB press conference.

    • Bullish outside day forms on the EURUSD daily chart. German bund yield spikes higher. • Markets not so confident in ECB’s ability to fix what’s wrong with Europe. • GBPUSD breaks out to the upside following concessions from the UK DUP party on the Iri...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Mario Draghi caves

    • ECB cuts deposit rate by 10bp. Resumes asset purchases of 20blnEUR/month, starting Nov 1st. • Calendar based forward guidance replaced with 2% inflation target. • EURUSD plunging and German bund yields falling, causing broad USD buying elsewhere. • M...

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  • (News by tags)
    Trump says Fed "boneheads" should cut interest rates to zero "or less".

    • Jitters mount in the EURUSD options market ahead of big ECB meeting tomorrow. EUR retreats. • Boris Johnson’s proroguing of parliament ruled unlawful by Scottish court. GBP largely unphased. • AUDUSD pokes higher on Hu Xijin headline, but now reversi...

    ...our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet....The USA should always be paying the lowest rate. No Inflation! It is only the naïvet&...

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  • (News by tags)
    FX markets quiet. UK parliament now prorogued until October 14.

    ...ick up again in Europe but struggling into NY trade. USDJPY off highs. • Canadian Housing Start and Building Permit data beat market expectations. USDCAD sellers come back. • October crude oil prices continue rally higher. Weekly API oil inventory rep...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    UK July GDP surprises to the upside.

    .... • Global yields and equities higher, USD broadly weaker. • All eyes on the ECB this Thursday. Will Mario Draghi disappoint markets again? • This week’s US economic calendar features US CPI and Retail Sales data for August.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Schembri reiterates BOC's less dovish tone. China stimulates again. US & Canadian job reports on deck.

    • Canadian OIS market now pricing in just a 32% chance of a 25bp Bank of Canada rate cut in October. • USD rallies broadly after the better than expected US Non-Manufacturing ISM for August. • US and Canadian employment reports due at 8:30amET this morni...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of Canada keeps rates on hold, but signals nothing with regard to rate cuts

    • Disappointed markets pare Canadian rate cut bets for October. USDCAD plunges. • All eyes now on BOC Deputy BOC Governor Lawrence Schembri speech at 12pmET. • US ADP employment report for August beats expectations: +195k vs +149k • US Non-Manufacturin...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Key technical reversals, weak US ISM, reduced "no-deal" Brexit risk propels USD lower

    • Bank of Canada rate decision up next at 10amET. • Traders expect no change to rates + more dovish tones to sow the seeds for a rate cut later this fall. • Barrage of Fedspeak on tap today as well: six Fed members speaking + Fed’s Beige Book report at 2...

    ... GBPUSD HOURLY EURGBP DAILY     AUDUSD The Australian dollar was the first G7 currency pair to start reversing higher yesterday off the back of the RBA’s unexciting hold to interest rates.  The b...

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  • (News by tags)
    Markets not in a good mood to start September

    ...breakdown below 1.10. • GBPUSD falls below 1.20 level, but emergency “no-deal” Brexit vote sees a relief bounce. • RBA leaves rates on hold as expected, doesn’t signal any new dovish tones. AUDUSD bounces. • USDJPY trading steady ahead of US Markit and...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Canadian GDP for June beats expectations

    ...SDJPY following US yields as usual. Falls back off 106.50-70 resistance as US 10s retreat from 1.54% level. • Canadian and US markets closed on Monday for Labour Day holiday.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Calm remarks from China's MOFCOM sparks risk-on bid

    ...y weak German CPI and dovish comments from Christine Lagarde. • Christine Lagarde: ECB “hasn’t hit its lower bound on interest rates”. • USDCAD down earlier on global “risk-on”, now higher off broad USD demand post Lagarde. • GBPUSD traders showing se...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Boris Johnson asks the Queen to formally UK prorogue parliament

    • GBPUSD falls 0.7% as UK opposition leaders go into an uproar. Queen’s speech set for Oct 14. • Italy looks set to avoid elections and form a new coalition government. EURUSD traders don’t care. • USDCAD saved yesterday by deepening yield curve invers...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    GBP resumes rally following joint statement from UK opposition to stop a "no-deal" Brexit.

    • Euro continues on the defensive, with German economic woes and Italian political anxiety weighing. • Commodity currencies outperformed yesterday following Trump-driven ramp to risk assets. • AUDUSD traders looking at potential follow-through of bullish...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Dazed and confused.

    • Traders try to make sense of this weekend’s surreal US/China trade headlines. • Markets go risk-off at Sunday open following late Friday Trump tariff increase on China. • Comments from China’s Liu He appear to restore calm in Europe. Trump says “two v...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    China announces retaliatory tariffs on the US. Over to you now Jerome Powell.

    ...pain”. • Canadian Retail Sales beat: 0.0% MoM vs -0.3% on the headline, +0.9% vs 0.0% Ex autos. • Fed’s Bullard said lowering rates would help the FOMC hit its inflation target (CNBC) • All eyes on Jerome Powell speech at Jackson Hole symposium at 10amE...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    FOMC Minutes stoke confusion, but "Fed rate cut trade" unwinds a bit further.

    • Bond, Eurodollar and gold futures all lower post FOMC Minutes. USDJPY back at yesterday’s session highs. • Germany reports better headline Manufacturing PMI for August, but report shows weak internals. • EURUSD whipsaws above and below 1.1090s follo...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Positive Brexit comments from Angela Merkel leads to broad USD sales yesterday. FOMC Minutes on deck.

    • Merkel on the Irish backstop: “we will think about practical solutions”…“we have made our offer to work closely”. • Broad USD sales reverse a bit in Europe following negative comments from other German officials. • October oil prices break above 56.50....

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Broader USD trading quietly, building upon yesterday's gains.

    • EURUSD gives up trying to hold 1.1100 level. German bund yields back down to -0.70%. • GBPUSD back in sell mode after the EU’s Tusk rejects Boris Johnson’s demand to remove backstop. • RBA Minutes don’t offer new monetary policy clues. AUDUSD still p...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Risk bid in quiet start to the week. Powell speaks at Jackson Hole on Friday.

    • Markets continuing Friday’s “risk-on” move from Speigel report: German ready for deficit spending if recession hits. • Fed rate cut trade also dialing back bets ahead of speech from Jerome Powell at Jackson Hole. • Bundesbank sees risk of Germany enter...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Global risk tone relaxing a bit as US 10s2s spread trades wider, back above zero.

    ...pon Australian job report gains, with EUR and copper sales likely weighing. • OPEC lowers 2019 oil demand forecast in July oil market report. Saudi production now back down to March 2014 levels. • USDCAD range-trading between 1.3280s and 1.3320s, with l...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    China hopes US will meet it half way. US Retail Sales, Philly Fed and Empire Survey all beat expectations.

    • China threatens tariff retaliation but then says it hopes US will meet it half way on trade. • Risk assets gyrate in overnight trade, but positive US economic data gives sense of optimism for NY trade. • Sterling outperforming after UK Retail Sales for...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    Recession fears grow as the 10s2s yield curves go inverted in the UK and the US

    • Global “risk-off” in full effect this morning. Stocks/oil down while bonds/gold/Eurodollars/USD up. • Bad July Chinese Industrial Production/Retail Sales data, German Q2 GDP contraction add to doom and gloom sentiment. • Sterling finds bid after bette...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    German ZEW misses. US CPI beats. USDCNH steady.

    • German July ZEW misses: Current Situation -14.5 vs -7.0 exp. Expectations Index -44.1 vs -28.5 exp. • US July CPI beats on the headline: +1.8% YoY vs. +1.7% exp, but wage growth disappoints MoM. • EURUSD traders shake off weak German data, so far shak...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    The Fed disappoints the uber doves but US/China trade war escalation sees global interest rates resume downtrend

    ...nterest rates by 25bp, cites cut as insurance, mid-cycle adjustment and not the start of a rate cutting cycle. • Interest rate markets collectively say “ya-right” the next day and resume downward trend. • Trump threatens new 10% tariff on $300bln of Chin...

    ...es seemed to be the theme for the rest of the week last week (perhaps in response to the US Treasury formally labelling China a currency manipulator), and so global markets have calmed down a bit (equities, commodity currencies and bond yields off their lo...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Mario Draghi disappoints the doves, leads to Fed rate cut jitters ahead of next week's FOMC meeting.

    ...ven discussed. • ECB exploring options to reinforce its forward guidance on policy rates. • Fed rate cut trade takes a hit as markets fear Powell might disappoint next week as well. • USD breaks higher while bonds, gold and Eurodollars trade lower. • A...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    German Manufacturing "in freefall" according to IFO. Over to you Mario Draghi.

    ... trying to regain 1.1140s. • US Durable Goods Orders for June at 8:30amET. Traders expecting +0.7% MoM. • Boris Johnson reiterates “absolute commitment” to UK leaving the EU on Oct 31st, with or without a deal. • RBA’s Lowe: “reasonable to expect an ex...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Germany's flash PMI for July surprises to the downside again

    • German flash PMI (July) misses: 51.4 vs 52.3 exp. 52.6 prev. • Eurozone flash PMI (July) misses: 51.5 vs 52.1 exp. 52.2 prev. • German bund yield back down to -0.38%. EURUSD pressuring 1.1130-40s chart support. • AUDUSD losses 0.7000 support in Asia...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Boris Johnson becomes new UK Prime Minister

    • GBPUSD gyrates a little bit after the announcement, but not much has changed re: Brexit. • “Fed-rate cut trade” unwinds a little further. EURUSD and AUDUSD slump after poor technical closes in NY yesterday. • USDCAD continues higher, with broad USD de...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Fed enters blackout period ahead of next week's meeting

    ...OMC meeting on July 31st. • Fed rate cut trade still licking its wounds after Friday’s reversal of Thursday’s breakout. • Oil markets taking Iran’s seizure of UK-flagged Stena Impero in stride. • Canadian Wholesale Sales data for May disappoints. Follo...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Fed's Williams goes uber dovish yesterday. NY Fed and Bullard try to dial it back.

    • Embarrassing Williams fiasco sees “Fed rate cut trade” explode higher, then retrace. • EURUSD and Italian markets fretting about possible snap election in Italy. • Canadian Retail Sales for May miss expectations: -0.1% MoM vs +0.3%. • Fed’d Bullard to...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    EU's Barnier "ready to work on alternative arrangements” regarding the Irish border

    • GBP rallies across the board. Lawmakers now voting on plan to make it difficult for future PM to prorogue parliament. • EUR sells off following Bloomberg report about ECB studying revamp of inflation mandate. • Crude catches a bid following reports of...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Positive talk on Iran clubs oil prices yesterday, lifts CAD crosses

    • USDCAD back near 1.3070s pivot. EURCAD back above 1.4640s. • Canada reports mildly weaker CPI report for June. May Manufacturing Sales miss expectations. • US reports weaker than expected June Housing Start and Building Permit data. • GBP looks the ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Boris Johnson & Jeremy Hunt declare Irish backstop dead

    • GBPUSD plunges to Jan 3rd flash crash lows. EURGBP finally breaks above 0.9000. • German ZEW for July MISSES: -24.5 vs -22.3 for Economic Sentiment and -1.1 vs +5.0 for Current Situation. • EURUSD falling with GBPUSD and EURJPY cross sales. • US Reta...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Upbeat Chinese industrial production data for June lifts CNH and commodity currencies

    ... week ending July 9, trim AUDUSD short positions • USDJPY back under pressure as 108.10 support gives way on Friday. Japanese markets closed for Marine Day today. • Powell speech, German ZEW, Australian jobs, UK CPI/Retail Sales, Canadian CPI/Retail sal...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Rally in bund yields, hotter US inflation data and not-so-dovish Fed-speak stifles Fed rate-cut trade

    • German bund yield extends to new 2 week highs of -0.23%. • Fed’s Barkin, Bostic and Quarles speak more positively about US domestic outlook. • Broader USD mixed, with commodity currencies extending post Powell gains, while EUR and GBP lag. • State of ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Everyone's blaming it on trade tensions. Could it be something more?

    ...more airtime than expected. • August crude oil surges 4% following bullish EIA inventory data. Tropical storm Barry adding to market bid. • US CPI reports June CPI in-line with expectations of +1.6% YoY. Core measure BEATS, +2.1% YoY vs +2.0% exp. • ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    All eyes on Powell at 10amET. Text of testimony to be released at 8:30amET.

    • Bank of Canada interest rate decision and Monetary Policy Report at 10amET as well. Press conference at 10:15amET. • USDCAD overnight options pricing predicting 70-80pt intra-day range. • August crude 2% higher after weekly API reports shows larger th...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Fed rate-cut trade get nervous ahead of Powell testimony

    ...n. USD broadly higher. • Sterling takes out chart support at 1.2500, trades to new 6 month lows. Funds continue to short the market. • EURUSD getting dragged lower as ECB bond buying talk makes the rounds again. Funds covered shorts during week ending...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    FX markets quiet. Deluge of Fed-speak on tap this week.

    ...at hold to rates are expected. • EURUSD clings to support just above 1.1200 as weak German data/strong US job report reaffirms market down-trend. • USDJPY surges higher past its G20 highs. Bond yields in focus heading into Powell testimony.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    The rush for global government bonds goes into overdrive

    ...as increased the downside risks to global and U.K. growth”. • ECB’s Rehn calling for more stimulus “now”. • US stock and bond markets closed today for the US Independence Day holiday. Regular hours tomorrow July 5.

    ...t weeks ago.  President Trump has not helped the situation in this week by tweeting that the US should play the “big currency manipulation game” that Europe and China are playing, and by seemingly giving the markets a false sense of hope f...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Poor global manufacturing PMIs for June + renewed EU tariff threat snuff out mild G20 optimism

    ... Future tariffs on hold, US telco’s can do business with Huawei. • RBA cuts interest rates by 25bp last night, giving the bond market what it wanted. • Holiday shortened week features the US & Canadian June employment reports on Friday. • US markets wil...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Traders eyeing Canadian GDP, Business Outlook survey, G20 and OPEC ahead of long weekend

    ...intain offered tone into weekend. • Official Chinese PMIs for June out Saturday. Caixin surveys out Sunday night. • Canadian markets closed for Canada Day on Monday. OPEC meeting joint press conference at 7amET Tuesday.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    WSJ article sours risk mood ahead of G20

    • China’s President Xi is reportedly set to present President Trump with a set of terms. • Markets anticipate Trump to respond negatively. • USDCAD continues to struggle as oil prices make another run for $60 ahead of the OPEC meeting next week. • EURU...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Mnuchin says US/China trade deal is 90% complete...again

    • Rehash of April FT headline sees equities, bond yields, CNH and commodities currencies all higher. RNBZ keeps rates unchanged. • Gold falling 0.8% with yesterday’s bearish hammer close not helping. • US Durable Goods Orders for May come in mixed. Week...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Fedspeak Tuesday features speech from Jerome Powell at 1pmET

    • Fed’s Powell to speak at CFR in speech titled Monetary Policy Strategy, Tools and Communication Practices • Investors continue to pile into the safe havens as Iran diplomacy takes a turn for the worse. • German bund yields trade to new lows, US 10s pre...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump says Fed "doesn't know what it is doing"

    • Questions still on everyone’s mind following last week’s sudden capitulation from the Fed. • EURUSD extends gains following Friday’s break above 1.1340s. Funds continue to cover shorts. • GBP and AUD traders add to shorts as charts start to bottom. •...

    ...a bad as expected and the fact that the EU is delaying disciplinary proceedings against Italy are mild positives for the common currency, we think the latest break higher in EURUSD is the result of residual USD selling from last week’s surprise “throwing i...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    The Fed just capitulated

    ...th last week’s US data driven pop. Fed ignoring that. • Lack of detail surrounding Fed’s caution sounding “race to the bottom/currency war” alarm bells across markets.

    ...eek’s US data driven pop.  Fed ignoring that. • Lack of detail surrounding Fed’s caution sounding “race to the bottom/currency war” alarm bells across markets.       ANALYSIS USDCAD Dollar/CAD is plunging with t...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Fed under pressure today to cave to market's demand for rate cuts later this year

    ...dian CPI for May surprises to the upside, +2.4% YoY vs +2.1% exp. • Trump continues to put political pressure on Powell to cut rates. • GBPUSD outperforms after May UK CPI meets expectations, Labour considers major policy change. • Bank of Japan meets t...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Super Mario unleashes dovish surprise ahead of Fed meeting tomorrow

    • European bond yields plunge, market pricing for ECB cuts moved up 7 months. • EURUSD falls to 1.1180s support but comments from Trump & Praet help the market bounce. • AUDUSD bounces off 0.6830s support. Dovish RBA Minutes were nothing new for traders...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US Retail Sales comes in mixed for May, but with surprise positive revisions to April data

    ...e cut frenzy trade gets dialed back. Gold, bonds, Eurodollar off highs. USD broadly higher. • Pressure mounts for ECB to cut rates too as 5y5y inflation swap forwards trade to new lows 1.14%. • German bunds trade to new lows -0.27%. EURUSD now breakin...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Oil prices surge 4% after two tankers attacked in the Gulf of Oman

    • USDCAD recedes off chart resistance in the 1.3330s, but no risk-off flows evident. Gold and JPY steady. • EURUSD testing chart support in 1.1270-80s after losing 1.1310s yesterday. • Boris Johnson shows commanding lead in Tory leadership race. Wins ...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Fed rate cut trade now looking for soft US May CPI figures to support

    • Traders expecting +1.9% YoY & +2.1% ex food and energy. • Crude oil continues lower after bearish APIs. Weekly EIA report out at 10:30amET. • European 5y5y inflation swap trades to new record lows, doesn’t help ECB. • Boris Johnson not aiming for no-...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Quiet FX markets await fresh catalysts. US May PPI on deck.

    ...iries in play for EURUSD and USDJPY, likely contributing to quiet ranges. • Trump slams Federal Reserve again, saying interest rates are too high. • Australia reports Consumer Confidence tonight at 8:30pmET. Chinese May CPI out at 9:30pmET.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Mexico tariffs averted as US & Mexican negotiators reach deal

    • MXN surging 2%. Global risk-off trade reverses. Gold drops and bond yields bounce. • USDCAD still in the pits following double whammy of negative US/positive Canadian jobs data on Friday. • GBPUSD gives up post NFP gains following much weaker than ex...

    ...ng, but last night’s weak Chinese import data for the month of May (-2.5% vs +15.9%) seems to hitting the China-sensitive currency especially hard.  The AUDUSD chart has now completely reversed Friday’s bullish break above the 0.6990s, and...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    It's jobs Friday!

    ...e line in the sand. • US/Mexico trade talks in focus. White House confirms 5% tariffs still planned for Monday. • Australian markets closed on Monday for the Queen’s Birthday holiday. • Weekly CFTC update on fund positioning out at 3:30pmET today.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    ECB extends "on-hold" rate guidance until 1H 2020, killing rate cut speculation heading into meeting.

    • Mario Draghi’s press conference now underway. Live link here: https://t.co/N52MkNqX25 • EUR buying leading broad USD selling into NY trade. GBP, AUD, CAD all trade higher. • USDJPY continues to struggle as US 10s, gold, Dec Euros continue to focus on...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    RBA cuts rates 25bp. Markets calm down ahead of speech from Powell.

    • Australia central bank cuts rates by 25bp to 1.25% and continues to hint at another cut by years end. • AUDUSD barely unchanged as Governor Lowe has telegraphed this outlook for over a month. • S&P futures, US yields and the broader USD bounce ahead of...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Gold prices and Eurodollar interest rate futures race higher to start week

    ... above 0.6935 on Friday. Bid to CNH following upbeat China Caixan number helping. • Reserve Bank of Australia expected to cut rates by 25bp tonight. • USDJPY finds buyers at 108.10s support, but remains under pressure with sinking global bond yields.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump to slap Mexico with 5% tariff. China readies plan to restrict rare earths.

    ...ak German data. • GBPUSD selling resumes following failure to regain 1.2620s. • AUDUSD holding up again. RBA expected to cut rates by 25bp next Tuesday. • USDJPY puts further pressure on the fund longs by collapsing below 109.20s support.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of Canada rate decision in focus for USDCAD traders, with risk aversion flows supporting

    • Bank of Canada decision at 10amET. No press conference. No change expected with balanced outlook. • S&P futures -20. US 10s down 4bp to 2.22%. Global investors fleeing to bonds. • USD seeing broad demand, but the move is fading into NY trade. • Ge...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading mixed in quiet start to holiday shortened week

    • US traders returning from Memorial Day long weekend devoid of major US/China trade headlines. • USDCAD bouncing but trend-line resistance in the 1.3470s capping. • EURUSD holding support in the 1.1170s after Thursday’s gold-inspired bullish outside day...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Rising US oil inventories save USDCAD. Markets in risk-off mode again today

    • China warns the US to correct wrong doings. PBOC reiterates it has the tools to keep the yuan stable. • Germany’s Markit PMI and IFO survey for May miss expectations. Eurozone Markit PMI also disappoints. • Theresa May facing cabinet mutiny as Andrea...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Canadian core Retail Sales for March smash expectations (+1.7% MoM vs +0.9%)

    • USDCAD retreats further. Fibonacci chart support in the 1.3370s now pivotal for near term direction. • Theresa May’s Brexit gambit backfires. 1922 Committee meets at 11amET. • Talk swirling that Theresa May could be out of a job by Sunday. • Sizable...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Hawkish comments from Poloz and lifting of US/Canada metal tariffs sees USDCAD u-turn lower

    ...in two weeks. AUDUSD retreats to fill Sunday opening gap higher following elections. • AUD selling dragging EURUSD lower, but market holding new trend-line support channel, 1.1140-70. • GBPUSD shorts covering ahead of Theresa May speech at 10amET. New...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets on edge once again as the Chinese reportedly lose interest in negotiating

    ...igher into 1.35s. • Australia elections on tap for tomorrow. Trump to formally decide on auto-tariff delay today. • Canadian markets closed on Monday for Victoria Day.

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US Housing Starts, US Philly Fed, Canadian Manufacturing Shipments all beat expectations

    • USDCAD trying to recover after planned Trump auto tariff delay sees broad USD selling yesterday. • EURUSD back on the defensive after two failed attempts to get above 1.1220s. Strong US data this morning not helping. • GBPUSD continues to be plagued b...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Risk off flows back in action. US Retail Sales and Canadian CPI figures for April up next.

    • Traders expecting +0.2% MoM and +0.7% MoM ex. Autos for US Retail Sales. • Consensus looking for +0.4% MoM and +2.0% YoY for Canadian CPI. • Australian May Consumer Confidence and Q1 Wage Price Index misses expectations. • Chinese April Retail Sales a...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump believes discussions with China will be very successful. Expects outcome in 3-4 weeks

    • S&Ps +20, USDJPY bounces, USDCNH off yesterday’s highs. • Italy’s Salvini giving EUR traders an excuse to sell. EURUSD decouples from gold prices for now. • Sterling toying with both sides of 1.2930s pivot, but sellers now taking over. • AUDUSD stari...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US/China trade war heats up. China retaliates with $60bln in new tariffs effective June 1

    • S&Ps -60. USDCNH explodes higher once again, now above 6.90. Gold prices spiking $10 higher, lifting EURUSD. • GBPUSD following the Euro higher, albeit mildly. Trade-sensitive AUDUSD lags as copper losses 1.7%. • USDJPY collapses amid risk-off flows...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Canadian April employment report in focus. Tariffs raised on China overnight, but US/China talks set to continue.

    • Traders expecting 10k jobs gained, +2.3% YoY growth in wages, and 5.8% on the unemployment rate. • US CPI report for April expected +2.1% YoY and +0.4% MoM. • EURUSD following gold prices over the last 24hrs. • AUDUSD higher initially post RBA Monetar...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets on edge as Chinese trade delegation set to arrive in Washington today

    • S&Ps -20. USDJPY offered once again. USDCNH breaks out above the 6.82s. • USDCAD and EURCAD struggle to break 1.3500 and 1.5100 respectively. • EURUSD holding steady amid slew of option expiries at current levels. • China releases its April CPI in-l...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    China backtracked on nearly all aspects of US trade deal, according to Reuters

    • Reuters article leads to more S&P selling, but USD demand not so widespread today. • EURUSD holding up as German Industrial Production for March beats expectations. • GBPUSD notably underperforming as Tory/Labour talks appear to have broken down. • AU...

    ...ector, Head of FX Strategy Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    European Commission chops Germany's 2019 growth forecast in half

    ...remier Liu He to Washington after-all, but only on Thursday. • German Factory Orders for March miss expectations. • RBA holds rates steady, disappointing some AUDUSD shorts looking for a cut. • USDCAD technicals improve with move back above 1.3450s.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump shocks markets with tweet about raising tariffs on China this Friday

    ... Bank of Australia announcing latest decision on interest rates tonight. OIS swaps pricing 40% chance of 25bp cut. • Japanese markets reopen tomorrow after Golden Week holidays.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading bid ahead of the US non-farm payrolls report

    • Traders expecting +190k jobs gained for April. • US Non-Manufacturing ISM out at 10amET. Slew of Fedspeak on deck after that. • Fed’s Evans speaks at 10:15am. Clarida 11:30amET. Williams 1:45pmET. Bowman 3pmET. • UK Markit Services PMI misses expe...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Powell sees low inflation as transitory. USD goes bid post Fed meeting

    ...r March. • US Non-Farm Payrolls employment report for April out tomorrow at 8:30amET. • Computer-driven fund selling and thin market conditions being blamed for yesterday’s copper plunge.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Positive Poloz kills upside USDCAD momentum. US ADP employment report beats expectations.

    • US ISM (April) up next at 10amET. Weekly EIA oil inventory report at 10:30amET. • FOMC announcement at 2pmET, followed by press conference at 2:30pmET. BOC’s Poloz speaking again at 4:15pmET. • Treasury secretary Mnuchin concludes “productive” meetin...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Canadian GDP contracts 0.1% MoM in February. Data helps to stem USDCAD selling

    • Canadian GDP for February misses estimates: -0.1% MoM vs 0% and +1.1% YoY vs +1.4%. • Canadian Raw Material Price Index misses: 2.8% vs 3.9% for March. • Italian and Eurozone preliminary Q1 GDP beat estimates, helps boost EURUSD. • GBPUSD rallying hig...

    ... the market may now dial back some of overnight move higher. AUDUSD: The Australian dollar was the only major currency that showed a sizable reaction to the weak Chinese PMI data out last night.  After testing chart resistance in the 0.70...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading quietly bid ahead of busy week

    .... • Brexit headlines few and far between. Bank of England meets on Thursday. • Japan on holiday now until May 7. • European markets closed on Wednesday for May Day. Markit PMIs out on Thursday.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US headline GDP figures for Q1 2019 beat expectations, but inflation readings disappoint

    ...entum is fading. • US Michigan Consumer Sentiment survey for April out at 10amET. Traders expecting read of 97.0. • Japanese markets closed all next week for the Golden Week holidays.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of Canada delivers more dovish than expected hold to interest rates. Broad USD buying continues today

    • US Durable Goods for March beat expectations, +2.7% MoM vs +0.8%. • Stephen Poloz tries to kill rate cut speculation, USDCAD struggling a bit at post BOC highs. • EURUSD trades to new 2yr low, but buyers trying to step in now at 1.1120s chart support. ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Australian CPI disappoints. Bank of Canada rate announcement up next at 10amET.

    • Weak Australian Q1 CPI sees AUD plunge lower. RBA rate cut speculation increases. • Bank of Canada expected to hold rates steady at 10amET. Press conference at 11:15amET. • USDCAD breaks higher out of 6-week triangular consolidation. • Crude oil pri...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Talk of China potentially curtailing economic stimulus hurts Chinese stocks, yuan and commodity currencies

    • China stocks off 1.5%. USDCNH through 6.7190. AUDUSD loses 0.7120s. USDCAD back at range highs. • Sellers pounce on EURUSD and GBPUSD at overnight chart resistance. Both pairs now seeing heavy selling into NY trade. • UK parliament returns from Eas...

    ...sitive Australian dollar slumped further after losing the 0.7140s on the charts yesterday; and the Canadian dollar (a commodity currency) appears to be slumping in sympathy.  June crude oil prices are giving up overnight gains at this hour after a Blo...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US to end Iran sanction waivers for oil importers. Markets otherwise quiet on this Easter Monday.

    ...t tonight. ANZAC Holiday on Wednesday. • USDJPY longs pile in during pullback below 111.00. BOJ meets on Thursday. Japanese markets shut next week for Golden Week.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Poor German and Eurozone Manufacturing PMIs sees broad demand for USD today.

    .... • Option expiries and pre-Easter liquidity could lead to choppy price action to end the week. • North American and European markets closed tomorrow for the Good Friday holiday. • European markets closed on Monday.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Upbeat Chinese data boosts copper and commodity currencies. Canadian CPI for March up next.

    • Chinese Industrial Production & Retail Sales data for March plus Q1 GDP all beat estimates overnight. • AUDUSD knocking on door of 0.7190-0.7200 resistance, where over 1.5blnAUD in options also expire today. • USDCAD under pressure with crude oil bid c...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading mixed into NY trade. US Industrial Production up next.

    • EURUSD choppy with both dovish and hawkish ECB headlines. German ZEW survey for April comes in mixed. • GBPUSD feeling the pressure as EURGBP longs reassert themselves. UK employment report meets expectations. • AUDUSD falls after dovish RBA Minutes,...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of Canada's quarterly Business Outlook Survey in the cross hairs

    • USDCAD traders anxiously await report at 10:30amET, as market loses chart support in the 1.3330s. • EURUSD and AUDUSD mildly bid in quiet start to the week. • GBPUSD knocking on the door of 1.3115-25 chart resistance. UK parliament now on Easter break...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Massive M&A flows in EURJPY spurs broad risk-on wave across global markets

    • EURJPY surges around 4amET. Stocks, commodities and all major currencies shoot higher against the USD and JPY. • China reports better than expected export growth for the month of March (+14.2% YoY vs +7.3%). • China New Loans for March +1,690bln vs +1...

    ...gher above trend-line chart resistance in the 125.70s at 4amET, but so too did stocks, commodities and almost every other major currency against the USD and the JPY!  China reported upbeat export and loan growth data for the month of March about an ho...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Brexit day extended to Oct 31. Swift move lower in gold prices driving broad USD strength into NY trade

    • EU grants UK six month extension to ratify Brexit withdrawal agreement. GBP directionless. • June gold prices tumbling back below 1310 into NY trade. • USDCAD probes above chart resistance zone in the 1.3360-70s. • International Energy Agency cites “...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Super Wednesday kicks off with bullish OPEC supply news, mixed US CPI and a dovish Mario Draghi

    • Weekly EIA oil inventory report up next at 10:30amET. FOMC Minutes at 2pmET. Emergency EU Summit underway re: Brexit. • Mario Draghi speaking to reporters following latest ECB decision to keep monetary policy unchanged. • EURUSD reversing lower. AUD...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump announces $11bln in new tariffs against the EU

    • EURUSD little fazed on the headlines. Market bid above 1.1270s, with massive option expiries adding weight. • GBPUSD pops on rumors of Germany being amenable to a 5yr time limit on Irish backstop, then fizzles when reports denied. • AUDUSD builds upon...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trades broadly lower to start week

    • EURUSD shorts at CME at new 32 month high ahead of the ECB policy meeting this Wednesday. • Brexit April 12th deadline looms. Theresa May to meet Germany’s Merkel ahead of emergency EU summit on Wednesday. • AUDUSD riding coattails of EURUSD and coppe...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    It's the 1st Friday of the month. That means payrolls!

    • Traders expecting +180k jobs gained in the US for the month of March, and just 1k gained in Canada. • Consensus expects +3.4% MoM wage growth in the US and +2.2% MoM for Canada. • USDCAD and USDJPY toying with upside breaks of chart resistance. • GBPU...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading quietly higher ahead of US & Canadian employment reports tomorrow

    • USDCAD inching higher, with 1.3350-60 resistance channel acting as today’s pivot. • EURUSD slips lower following abysmal German Factory Order data and rumors of an Italian GDP downgrade for 2019. • GBPUSD sees selling traders give up on attempts to bre...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Better than expected Australia and European data propels risk sentiment higher today

    • Australia reports stellar Retail Sales and Trade Balance data for February. • Pan-European Services PMI data beats expectations. • S&P futures trading higher while the USD trades broadly lower. • USDCAD hugging pivotal chart support at 1.3300. • US A...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US Durable Goods for February on deck

    ...s expecting -1.8% MoM. • USDCAD continues to struggle as stocks and crude oil extend gains. • AUDUSD falls after the RBA reiterates its neutral economic outlook. • GBPUSD trading lower again after the UK parliament fails to reach majority on four indica...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Huge beat on Chinese manufacturing PMI boosts risk sentiment to start week

    • US Retail Sales and US ISM figures on deck today. • USDCAD holding chart support in the 1.3340-50s. BOC’s Poloz speaking at 3:10pmET. • EURUSD pivoting around the 1.1230s while AUDUSD wrestling with the 0.7120s. • GBPUSD rallying after a surge in the...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Happy Brexit day

    • Britain was supposed to formally leave the EU today. UK lawmakers to vote on withdrawal agreement portion of Brexit deal at 9:30amET. • GBPUSD rallies off overnight lows on rumors that the Labour party will support Theresa May today. DUP party still d...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Traders continue to buy USD broadly as fears mount about Brexit deadlock and Turkish money markets

    ...ay. • AUDUSD hanging in there with option expiry and copper prices supporting. • USDCAD benefiting from broad USD buying, but market still struggling with 1.3430s. • USDJPY roars higher into NY open as the S&P futures and US yields bounce.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    New Zealand central bank surprises markets with dovish turn in monetary policy outlook

    • NZDUSD plunges 1.6%. Drags AUDUSD lower and helps to keep USDCAD bid. • EURUSD bounces after comments from Mario Draghi. German 10yr bund yield hits 2 ½ year low prior to that. • GBPUSD inches higher ahead of Parliament indicative votes, but still co...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading mixed into NY trade

    • US Housing Starts for February miss expectations (1.162M vs 1.21M or -8.7% MoM vs -1.6%). • USDCAD trying to hold 1.3390s despite May crude oil galloping 1.8% higher. • AUDUSD drifting higher, with RBNZ rate decision on deck tonight. • GBPUSD rallies ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Better than expected German IFO survey calms some investors nerves

    • German bund yields trade back above zero. EUR and S&P futures bounce. • USDCAD holding gains above 1.3420s support as May crude oil struggles to regain $59. • GBPUSD drifts higher as Theresa May’s cabinet revolts. • AUDUSD following EURUSD higher, re...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Terrible German manufacturing PMI spooks markets

    • Germany Markit PMI for March comes in at 44.7 vs 48.0 expected. • Risk-off waves sweeps across markets. German bunds now yielding below zero. • Sterling avoids the selling as EU allows two-week Brexit extension. • USDCAD benefitting from broad risk o...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Fed outlook gives markets another dovish surprise, but traders now fretting over the underlying reasons for it

    ...ployment rate headline in weak Australian jobs report, but now fades. • USDJPY struggling to find buyers as “risk-off” tone to markets today sees US 10yr yields tick below 2.50% to new 14 month low. • US Philly Fed survey for February beats expectations ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    All eyes on the Fed today, with traders expecting modestly dovish tone to outlook

    • EURUSD drifts back up to trend-line resistance in the 1.1360s as USDCNH recedes. • AUDUSD recovers after cautious comments from the RBA’s Bullock. • GBPUSD falling hard now as Theresa May confirms request made to EU for short Brexit extension. • USDJP...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD uptrend at risk of unraveling

    • USDCAD now plunging as 1.3305 trend-line support gives way. • May crude oil continues rally after breaking out above 58.80s yesterday. • EURUSD drifts higher again but struggles at familiar resistance in the 1.1360s. • Sterling shorts cover at 1.3190-...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Optimism for a dovish Fed lifts broad risk sentiment to start week

    • S&Ps, oil, copper all higher while USD trades mixed to lower. • FOMC meets on Wednesday. Economic calendar quiet before then. • USDCAD holds trend-line support at the 1.3300 level. • EURUSD and AUDUSD drift higher as some trend-line resistance gives ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    China talks up further stimulus & US/China trade progress, but risk-on bid from Yuan strength now evaporating

    • April crude oil gives up 58.30s. USDCAD regains 1.3330s after bouncing off 1.3280-90s support. • EURUSD continues to struggle with 1.1320s resistance. Huge option expiries likely weighing as well. • GBPUSD trading calmly for a change. UK parliament ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Weak Chinese Industrial Production figures for January ignite broad USD buying

    • USDCNH surges through 6.72. Copper falls 1.4%. • EURUSD and AUDUSD peel back yesterday’s gains, while USDCAD bounces off 1.3280-90s. • GBPUSD explodes higher following failure of the “no-Brexit deal” motion yesterday. • Volatile session underway for ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Sterling bid after Theresa May loses 2nd meaningful Brexit vote yesterday. "No deal" Brexit vote on deck at 3pmET today.

    ... not push GBPUSD below 1.3050s yesterday. The 1.3140-50s are now resisting. • EURUSD benefits from weak US CPI yesterday, but market still undecided with upside break of 1.1300 level. • AUDUSD lagging today following weaker than expected Westpac consume...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Sterling goes on a Brexit roller-coaster ride

    • Last minute Theresa May trip to Strasbourg ignites 200pt rally in GBPUSD yesterday. • UK Attorney General says legal risk for the UK remains unchanged re: Irish backstop. GBPUSD collapses. • EURUSD putting fund shorts to the test with 1.1270s trend-li...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US reports better than expected Retail Sales for January, but an already bad December number is revised lower

    • US January Retail Sales +0.2% MoM vs -0.1%; December revised -1.6% MoM vs -1.2% originally reported. • USDCAD bid, but within Friday’s post-employment report range (1.3405-1.3430). April crude oil bid on Saudi headlines. • EURUSD traders trying to hol...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    EURUSD plunges following ECB's announcement of new TLTROs and no rate hikes for 2019

    • EURUSD falling through 1.1280s support. ECB press conference now underway. • Sterling on the defensive as well following reports that Theresa May will likely lose next week’s vote on her Brexit plan. • AUDUSD hanging in there despite stronger Trade Ba...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD continues higher ahead of Bank of Canada meeting

    • Decline in oil prices + weak AUDUSD helping USDCAD test resistance in the high 1.33s. • Dovish hold to interest rates expected from the Bank of Canada at 10amET. • AUD plunges as Australian Q4 GDP disappoints. Rate cut calls now making the rounds. • ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Sterling losses lead broad USD strength into NY trade

    ... • GBPUSD falls despite upbeat UK Services PMI as algos sell the latest Brexit headlines. • AUDUSD steady after the RBA keeps rates and the balanced outlook on hold. • USDJPY holding gains ahead of hefty option expiries. • US Non-Manufacturing ISM at 1...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD downtrend broken after Canada reports weaker than expected Q4 GDP

    • USDCAD now trading above 1.3260-70s, but gains fading as crude oil prices recover from Friday’s ISM-driven slump. • Bank of Canada meets on Wednesday. ECB meets on Thursday. • EURUSD continues to follow gold prices lower since 10am on Friday. Buyers ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD remains offered ahead of Canadian Q4 GDP figures

    • Traders expecting +1.2% QoQ Canadian GDP growth in Q4, and 0% growth for December. US Feb ISM out at 10amET. • April crude oil prices continue to trend higher. • Volatile 24hrs for EURUSD leaves traders whipsawed ahead of the weekend. • Sterling leak...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Significant beat on US Q4 GDP propels USD higher into NY trade

    ...p. • USDCAD vaults higher into 1.3200-1.3225 resistance zone. • EURUSD tries to break out, but strong US GDP figures pull the market back. • GBPUSD consolidating gains amid EURGBP month-end buying. • AUDUSD overnight bounce attempt derailed by weak Chi...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Canadian CPI meets expectations for January

    • Oil prices rebound 2% following bullish API report and comments from Saudi energy minister. • Weekly EIA oil inventory report out at 10:30amET. • USDCAD under pressure again with support in the 1.3120-30s being threatened. • GBPUSD rally continues aft...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    All eyes on Fed chairman Powell this morning

    • Fed chairman to present semi-annual Monetary Policy Report before the US Senate Banking Committee at 9:45amET. • USDCAD trading higher again this morning as crude oil prices still cannot recover from Trump’s “Oil prices are too high” tweet. • EURUSD si...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump extends March 1st tariff deadline with China

    • Global stocks and the Chinese yuan rally, and the USD goes broadly offered. • USDCAD bid returning though following tweet from Trump: “Oil prices getting too high”. April crude -2%. • EURUSD up on “risk-on” tone, but chart resistance in the 1.1360s st...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD bid ahead of Canadian Retail Sales report. Slew of Federal Reserve member speeches to follow.

    • Traders expecting -0.3% MoM for December Canadian Retail Sales. • EURUSD looking for buyers. Germany’s IFO Survey disappoints. • GBPUSD loses 1.3020s support ahead of the weekend. • AUDUSD nurses losses after yesterday’s bearish reversal. • USDJPY c...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Australian dollar plunges off overnight highs

    • Australian January employment report beats expectations, but Westpac rate cut call + coal import ban from China shocks market. • Broad USD selling into NY trade sees USDCAD back into 1.3160-70 support, EURUSD and GBPUSD retesting chart resistance. • US...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Dovish tilt from Fed hawk Mester and USDCNH plunge drives USD lower

    • USDCAD scrambling for support in the 1.3180s. • EURUSD and AUDUSD consolidating bullish daily reversals from yesterday. • GBPUSD pulling back after yesterday’s “Brexit optimism” surge. • Three Tory MPs quit today. May/Juncker meeting at 12:30pmET. •...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading mixed ahead of quiet start to holiday shortened week

    • USDCAD holding 1.3230-40s as April crude struggles with $56 handle. • EURUSD on the defensive following technical selling and more weak European data. • GBPUSD continues to shake off Brexit negativity since Friday’s sharp rebound. Theresa May and Junc...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    EURUSD trades lower as the negative European headlines continue to mount

    • Spain calls for snap elections in April. Italy’s Borghi bringing back euro-skeptic vibes. • ECB’s Couere admits economic slowdown broader and stronger than expected. TLTROs still possible. • UK Retail Sales beat expectations for January, but Brexit f...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US Retail Sales and Canadian Manufacturing Shipments disappoint by a wide margin

    • USD sees broad selling across the board, but CAD underperforming even further. • Swift selling hits the S&Ps and crude oil. • GBPUSD struggles to benefit as fears loom ahead of some Brexit amendment votes today. • AUDUSD wrestles with 0.7110 pivot. •...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Slightly hotter than expected US CPI figures adds to "risk-on" tone for the broader markets

    ...e going “so far so good”. • USDJPY extends gains with break above 110.50s. S&Ps +10. • AUDUSD unravelling NZDUSD driven pop; market back below 0.7110s. • EURUSD in the process of giving back yesterday’s gains following upbeat US CPI. • GBPUSD unwindin...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Snap-back in oil prices prevents USDCAD from breaking higher

    • Saudi Arabia expects to reduce oil production further, starting in March. Crude oil +2.2%. • Somewhat bearish OPEC Monthly Oil Report being brushed off. • EURUSD shakes off negative comments from the ECB’s Weidmann; defends 1.1270s chart support. • G...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD starts the week with quiet bid

    ...he 6th consecutive session after the 1.1340s give way again. • AUDUSD slips below support as USDCNH goes bid after the Chinese markets reopen. • GBPUSD underperforming after weak Friday NY close + weaker than expected UK economic data today. • USDJPY br...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Two-day USDCAD rally pauses ahead of Canadian jobs report

    • Traders expecting just 8k jobs gained in Canada for January. • Italian Industrial Output figures miss expectations. BTP/Bund spread widens further and pressures EUR. • Sterling buyers defending 1.2930-40s support after Carney’s post Brexit optimism ye...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of England holds rates steady. Optimism for a smooth Brexit lifts GBPUSD from kneejerk lows.

    • GBPUSD tests support in 1.2850 post BoE press release. Now working on bullish reversal. • EURUSD succumbs to further weakness following weak German Industrial Production + slash in European growth forecasts from EC. • AUDUSD on the defensive following...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Shock dovish turn in Australian monetary policy outlook punishes AUD

    • RBA’s Lowe abandons long held “next move is up” rate bias and shifts to neutral outlook. • USDCAD rallies in sympathy, but crude oil bounce off overnight lows now putting 1.3180-90s to the test. • EURUSD holds trend-line support despite poor German Fac...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Reserve Bank of Australia delivers less dovish than expected hold on interest rates

    • AUDUSD rallies, but chart resistance in the 0.7260-70s confines market to recent range. • March crude oil fails to regain $55 in overnight trade. Falling 1% now and helping USDCAD find buyers. • EURUSD wrestling with 1.1420s pivot after decent Europea...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Broad USD demand from post ISM beat spills over into quiet start to the week.

    ...day’s lows following weaker than expected UK Construction PMI. • USDCAD find bid as oil prices fall back below $55. • Chinese markets closed for week-long Lunar New Year holidays.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US payrolls on deck. Traders expecting 165k jobs gained in January.

    • Sterling taking a leg lower after weaker than expected Manufacturing PMI. • EURUSD shrugs off weak pan-European manufacturing PMIs. Talk of large EURGBP buyer making the rounds. • AUDUSD nursing back losses from weaker than expected Chinese Caixin Man...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Patient Fed roils the USD. US/China trade talks going well, but deal not expected this week. US payrolls report on deck for tomorrow.

    • USDCAD collapses to mid-November lows. Mediocre Canadian data points from this morning supporting for now. • Post Fed EURUSD gains capped by chart resistance and poor European data. Italy went into recession in Q4 2018. • GBPUSD struggling with chart...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US/China trade talk optimism leads the Chinese yuan and commodity currencies higher into NY trade. FOMC meeting at 2pmET.

    • No change in interest rates expected from the Fed. Traders will focus on pace of balance sheet unwind. • Sterling on the defensive following defeat of Cooper amendment/passage of Brady amendment. Theresa May must now go back to Brussels. • AUDUSD out...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Brexit in focus once again today. UK Parliament to vote on key amendments at 2pmET.

    • Cooper amendment seeks to delay Brexit. Brady amendment seeks to confirm UK’s need to renegotiate Irish backstop. • EURUSD struggling to break out, despite breach of chart resistance and new 6 month high in gold prices. • AUDUSD wonders ahead of Austr...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD stabilizes ahead of very busy week ahead

    • Brexit Plan B + Cooper amendment being voted on tomorrow in the UK. • FOMC expected to keep rates unchanged on Wednesday. Talk of the need to slow balance sheet normalization now making the rounds. • US/China resume trade talks in Washington on Wed/Th...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Broader USD reverses lower on negative chart technicals + uptick in risk sentiment

    • USDCAD fails to break 1.3360-70s, while EURUSD holds 1.1280-90s. AUDUSD quickly cancels out bearish outside day. • EUR traders also shaking off dovish ECB, downgrade to German 2019 GDP growth forecast, and weaker than expected German IFO survey. • S&P...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    ECB leaves rates and forward guidance unchanged as expected. Press conference now underway.

    • EURUSD slumped overnight amid weak Markit PMI data out of Europe. • Sterling backing up with EUR. Theresa May continues to fight Brexit delay attempts. • USDCAD retesting key chart resistance on broad USD strength + hangover from weak Retail Sales. •...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD traders brace for Canadian Retail Sales data

    • November Canadian Retail Sales expected -0.6% MoM. • Sterling defying the shorts, as proposed “Cooper amendment” further diminishes risk of “no-deal” Brexit. • EURUSD and AUDUSD downward momentum stalled. • Bank of Japan keeps dovish monetary policy o...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Mild risk-off tone to equities pressures oil and lifts USDCAD in NY trade

    • USDCAD chart resistance in the 1.3310-20s becoming pivotal. • EURUSD teeters on chart support in the 1.1350-60s. German ZEW misses estimates. • GBPUSD trading mixed, toying with both sides of 1.2900 level after upbeat UK wage growth. • AUDUSD slips f...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Theresa May expected to announce Brexit Plan B at 10:30amET. US markets closed for MLK Day.

    • USDCAD drifts higher after holding 1.3250s into Friday’s close. Futures traders continue to liquidate positions. • AUDUSD gives up chart support in the 0.7160-70s after reversal lower on US/China trade headlines. • EURUSD threatening chart support in ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Canadian December CPI reported +2.0% YoY and -0.1% MoM.

    ...ures. • Broader USD trading modestly higher as mild “risk-on” sentiment remains post WSJ article. • Wall Street Journal moved markets yesterday when it reported that the US is considering lifting China tariffs. • Brexit Plan B in focus for Monday. • US...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Theresa May survives no-confidence motion. Brexit "Plan B" expected for Monday.

    • OPEC releases monthly report. Downgrades 2019 demand forecast for oil from OPEC producers. • USDCAD testing chart resistance levels in the low 1.33s. Canadian CPI out tomorrow. • EURUSD downward momentum stalls after downside fail. • USDJPY reaches ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Sterling rebounds after Theresa May loses meaningful Brexit vote in UK Parliament

    • Odds of a “no-deal” scenario appear to have diminished now however. Article 50 extension seems more likely (ie. Brexit delayed). • No-confidence motion from Corbyn up next at 2pmET. Brexit “Plan B” expected from Theresa May by Monday. • EUR and AUD ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Brexit D-day looms for sterling traders

    • UK Parliament vote expected sometime between 2-4pmET. • German 2018 GDP growth slowest in 5 years. Fears of recession growing. • USDCAD holds familiar levels as broad CAD demand cancels out broad USD buying. Oil steady. • AUDUSD backs off chart resi...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Dismal Chinese trade data sours risk sentiment to start week

    • Chinese imports fall 7.6% YoY in December. • S&Ps, oil and copper offered, while JPY and USD bid. • Sterling moderately bid ahead of key Brexit vote in Parliament tomorrow. • This week’s light economic calendar features US PPI (tomorrow) and Canadian ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Broader USD sees pressure ahead of US CPI report

    • Traders expecting +2.2% YoY and -0.1% MoM on the headline. • BREAKING: PBOC expresses concern on recent Yuan strength, according to MNI. Caps AUDUSD into NY trade today. • EURUSD bid, but getting held back by option expiries at 1.1500. • GBPUSD shoot...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Dovish Fed speak sparks broad USD selling yesterday. More Fed officials speaking today, including Powell at noonET

    • Bank of Canada disappoints the doves. Says rates will still need to rise “over time” despite softer growth and inflation outlook. • Slew of dovish Fed speak, especially from Bostic propels EURUSD to new swing highs. Mild risk-off sentiment post US/Chi...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of Canada rate decision looms large. Long fund positions praying for bounce after 6-day rout in USDCAD.

    • BOC announcement at 10amET, followed by press conference at 10:15amET. • EIA oil inventories and BOE’s Carney at 10:30amET. • FOMC Minutes at 2pmET. • Fed speak on deck throughout the morning from Bostic, Evans, and Rosengren. • Canadian Housing Star...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Traders eagerly awaiting comments from latest round of US/China trade talks + Trump speech at 9pmET

    • Australian Trade and German Industrial Production figures miss expectations. • UK Parliament resumes debate on Brexit today, with rumors circulating about the need to extend Article 50. • Fifth day of strength in oil prices keeping USDCAD under pressur...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD inches lower in quiet start to week. Dovish comments from the Fed's Powell on Friday still on trader's minds.

    • Powell “we will be prepared to adjust policy quickly to…keep the expansion on track.” • USD reverses uptick from stellar US jobs report. Fed funds futures continue to price out 2019 rate hikes. • US Non-Manufacturing report for December on deck at 10a...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD breaks support ahead of US and Canadian employment reports

    ...• USDJPY traders still shell shocked after yesterday’s volatility. • Bank of Japan expresses concern, but continues to monitor markets.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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  • (News by tags)
    AUDJPY flash crashes in overnight trade

    • AUDJPY plunges 5% in minutes, leading AUDUSD and USDJPY to crash as well. • Apple revenue warning, poor liquidity due to ongoing Japanese holidays, and algos being blamed. BOJ yet to comment. • GBPUSD falls 200pts as well but then recovers. Traders e...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Weak Canadian Retail Sales data sees USDCAD trade to new highs on the year

    • USDCAD now pulling off the 1.3564 high print with traders now watching 1.3530s intra-day pivot/inflection point. • Crude oil prices remain in downtrend. Down another 1% on the session. • EURUSD weighed down by huge option expiries, while Sterling goes...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Fed hikes interest rates by 25bp, but gives less dovish than expected guidance

    • Two more rate hikes still expected for 2019. Risks still “broadly balanced”. • US stocks, yields and USDJPY fall. • EURUSD falls initially, but rebounds sharply and this helps GBP, CAD and AUD. Riksbank surprises with first hike in 7 years. • Anothe...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets bracing for one of the more important Fed meetings in recent times

    • EURUSD edging higher, supported by Italian bond rally. • GBPUSD struggling, weighed down by chart technicals, EURGBP rally, and a new 20-month low for UK CPI. • USDCAD dialing back yesterday’s oil driven gains, but soft Canadian CPI figures for Novembe...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Traders re-position for potentially dovish Fed tomorrow

    ...ts beat expectations while Cdn Manufacturing Sales miss. • Trump takes another swing at the Fed and its plan to raise interest rates again tomorrow. • USDJPY fund longs are taking some heat.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    FX markets quiet ahead of FOMC meeting on Wednesday

    ... due to softer oil prices. • Bank of England and Bank of Japan meetings also on deck this week, but no changes are expected to rates/outlook. • USDJPY longs liquidate during the week ending Dec 11th. • CPI figures out of the UK and Canada on Wednesday. ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    EU says no to May on renegotiating deal

    ...strength against bullish technicals for crude oil. • USDJPY buyers remain in control after upbeat US Retail Sales report keeps market above 113.50s.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    All eyes on Mario Draghi press conference

    • ECB ends bond buying program and leaves forward interest rate guidance unchanged, as expected. • Traders expecting more dovish tones from Draghi in press conference. • Theresa May wins no-confidence motion against her. Now travels back to Brussels in ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Theresa May now looking likely to survive today's no-confidence motion

    • Reuters reporting 158 MPs now publicly supporting the UK PM ahead of 1pmET vote. Results expected at 4pmET. • Bloomberg reporting Italy will present 2.0% budget deficit target to EU today. Italy’s Conte to meet EU’s Juncker at 10amET. • USDCAD succum...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Theresa May heads back to Brussels in last ditch attempt to renegotiate Brexit deal

    • Higher than expected UK wage growth also helping GBP sentiment this morning. • Risk sentiment improves globally today following positive trade headlines from China, pressures USD broadly. • EURUSD waffles around sub 1.1400 ahead of Conte’s meeting with...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Sterling collapses as Theresa May now rumored to cancel tomorrow's Brexit vote

    • Theresa May expected to speak at 10:30amET. GBPUSD falling to new lows on the year. • USDCAD trying to bounce as oil traders fade Friday’s highs. • EURUSD traders anxiously await Wednesday’s Italian budget revision. • AUD in the green this morning, b...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    OPEC can't yet agree on size of production cuts. US & Canadian November job reports in focus.

    • US payrolls are expected +200k. Canada +11k. • Oil prices bid as OPEC delegates and Russia continue to meet. • Option expiries in play for EURUSD, AUDUSD and USDJPY today. • Brexit vote still scheduled for next Tuesday. Option traders paying more fo...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of Canada shocks market with dovish turn in tone

    ...ary growth. • Governor Stephen Poloz now speaking. • OPEC looks set to cut oil production by just 1mln barrels per day; below market expectations. Press conference awaited. • US ADP jobs report misses expectations. • US Non-Manufacturing ISM at 10amET...

    ...; Resistance remains 1.2790-1.2815. AUDUSD: The Aussie is collapsing this morning as the trade-sensitive currency succumbs to worries that US/China negotiations are really not going well, despite some positive assurances from China o...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Risk sentiment mildly recovers ahead of US market closure

    • US stock and bond markets closed for George H.W. Bush’s funeral. • Bank of Canada expected to leave rates unchanged at 10amET. Weekly EIA oil inventory report delayed to tomorrow. • Sterling continues to whipsaw ahead of next week’s historic Brexit vot...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    China's PBOC revalues Yuan higher by the most since June 2017

    • USD sees broad selling overnight, but market recovering somewhat now. • USDCAD succumbing to bullish trade and oil headlines to start week. December seasonals mildly bearish. BoC meets tomorrow. • Sterling pops on ECJ opinion about Britain’s legal ab...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Dovish turn from Powell hurts USD broadly. US rates downtick, but US stocks celebrate

    • Fed's Powell says interest rates now “just below” neutral. • Reports of Russia willing to join OPEC on production cuts helps oil prices bounce, hurting USDCAD rebound attempt. • EURUSD continues to hold gains after yesterday’s bullish outside day. • ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    All eyes on Fed chairman Powell today

    • EURUSD on the defensive after hawkish Clarida comments and German auto tariff headlines. • USDCAD rises on broad USD strength and wave of oil selling. Traders eyeing 1.3320-40 resistance. • Sterling bounces as Theresa May reportedly backs down from qu...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Volatile overnight session sees USD trading mixed into NY trade

    • Excitement from Trump/Xi agreement headline gets dialed back. • Brexit sentiment turns sour once again. UK Parliament vote now scheduled for Dec 11th. • Fed’s Clarida sounding hawkish in speech now underway. • More Fedspeak on deck from Bostic, Evans...

    ...squo;s inventory data.  We think USDCAD could extend to the 1.3280s today, but the current choppy tones of the other major currency pairs might make this difficult.  The initial comments from Clarida are quite hawkish.  Tune in @EBCTradeDesk...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Hinted compromise from the Italians on budget deficit helps boots risk appetite to start week

    ... back below +300 mark, helping EURUSD and equities broadly. • EU endorses the UK’s draft Brexit plan during Sunday summit, but market brushing off excitement due to looming UK Parliament vote. • Mario Draghi speaking now. BoE’s Carney to speak at 1pmET....

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Traders await Canadian Retail Sales and CPI amid risk off tone to global markets

    ...ppoint. • Gibraltar now complicates Sunday’s Brexit summit. • FX liquidity still thin from US Thanksgiving holiday. US stock market to close at 1pmET today.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Equities, Italian bonds and crude oil bounce

    • MNI headline about Fed pausing rate hikes + some conciliatory tones out of Italy helping risk sentiment. • Broader USD gives back some of yesterday’s gains. • US Durable Goods for October miss expectations. • Italy’s Tria & Conte taking questions at 9...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Risk-off sentiment sweeping across markets into NY open

    • USD and JPY broadly bid as the Nasdaq breaks below October lows. • RBA’s Lowe reiterates dovish rate outlook for Australia. • BTP/Bunds blow out to +335bp at one point today, causing EURUSD to fail its breakout attempt. • USDCAD continues to wander, b...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Negative headlines out of APEC summit dial back Fed Clarida's dovish tones from Friday

    ...l break higher. • GBPUSD volatile and headline driven as Theresa May no confidence vote looms. • Funds add to USDJPY longs as market starts breaking support. • Liquidity to thin by mid-week as US Thanksgiving holiday approaches.

    ...end’s summit.  AUDUSD: The Aussie is leading the declines this morning as the trade-sensitive currency trades lower with equities and the Chinese yuan following the negative tone out of the APEC summit on the weekend. ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Lighthizer "tariffs on hold" headlines get dialed back

    • S&Ps, USDJPY and commodity currencies give back yesterday’s gains. • USDCNH regains 6.94s. • GBPUSD bounces, but no-confidence vote on Theresa May still looms. • Crude oil drifting higher as 8th consecutive week of inventory builds was largely expecte...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    UK's Brexit minister Raab resigns in shock turn of events in Brexit saga

    • GBPUSD plunges 200pts as Theresa May looks increasingly unlikely to win over Parliament. • Tory MP Rees-Mogg has formally submitted no-confidence motion against Theresa May. • EURUSD and AUDUSD breakouts fail as GBP selling sparks broad USD buying. • ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    All eyes on Brexit headlines and Theresa May's cabinet meeting at 9amET.

    ...s on talk of OPEC 1.4M bpd oil production cut in 2019, pressures USDCAD a bit. • Germany contracts in Q3, pressures EURUSD but market recovering. • Option traders pricing in volatility and wide daily range ahead of important day for Brexit negotiations. ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Brexit agreement in the UK "closer than it was yesterday". GBP gains leading broad USD selling this morning.

    • EURUSD following GBPUSD higher, despite weak German ZEW and Italian budget worries. • Reports of Chinese vice-premier Liu He visiting US for trade talks helps risk sentiment and AUD. • Talk of Chinese state owned banks selling USDCNY (buying Yuan) • C...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Surprisingly hawkish, copy/paste, Fed statement boots USD into week's end

    • CAD also get hit by negative USMCA and Keystone XL headlines + 10th down day in a row for oil prices. • EURUSD slips to next support level ahead of heavy day of option expiries. No progress yet on revised Italian budget. • UK reports mixed economic da...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD chops around ahead of today's expected hold on monetary policy from the Fed

    ... about growth/Italy. • GBPUSD slips as traders attempt to a bounce in EURGBP cross. • USDJPY longs back in control with stock market surge. • Mario Dragi speaks at 10:20am. Fed press release at 2pmET. No press conference.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Democrats take control of the House. Risk-on tone sweeps across markets.

    • OPEC+ countries now mulling over production cuts in 2019. • EIA oil inventory data out at 10:30amET. Trump to speak at 11:30amET. • AUD leads G7 FX gains, with help from blowout employment data from New Zealand. • RBNZ announces New Zealand interest ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading mixed ahead of US mid-term elections

    ...d for some upside with trend-line break. • UK’s Brexit secretary Raab signals thumbs up after UK cabinet meeting. • RBA keeps rates and monetary policy on hold in Australia.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Brexit headlines whip sterling around in otherwise quiet start to the week

    • Big week ahead features US Mid-term elections and the FOMC meeting on Thursday. • EU to propose disciplining Italy over its budget. • Bank of Canada’s Stephen Poloz speaking now before UK Chamber of Commerce. • RBA meets tonight with no changes to mon...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Positive US/China trade sentiment spurs risk-on tone ahead of US & Canadian employment reports

    • USD broadly extending losses from yesterday, but position squaring evident ahead of jobs numbers. • US set to grant sanction waivers for Iran's major oil importers. • US & Canada trade balance data also out at 8:30amET, followed by US Factory Orders at...

    ...rable to a beat on US jobs. AUDUSD: The Aussie is atop the leader board again this morning as the trade-sensitive currency benefited handsomely from the positive developments on the US/China trade front overnight.  The 0.7220s resistance leve...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Tentative Brexit financial services deal sees GBPUSD surge

    • GBP move leads to broad USD selling. Markets so far ignoring doubts from UK officials and EU’s Barnier. • Bank of England keeps monetary policy on hold. Governor Carney now speaking. • US ISM on deck at 10amET. • AUDUSD shorts scramble amid GBPUSD m...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Canadian GDP and Raw Material Prices beat expectations

    • US ADP employment report beats estimates, coming in at +227k • Chicago PMI, EIA inventories up next. BoC’s Poloz speaks again later. • Australian Q3 CPI slightly disappoints, keeping AUDUSD on the backfoot. • Bank of Japan keeps monetary policy uncha...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Weak oil prices leading USDCAD higher this morning. BoC’s Poloz to speak at 3:30pmET.

    ... breaks into 89s. • AUDUSD traders celebrate some positives. • USDJPY traders ignore yesterday’s rout in the Nasdaq, and move market 0.5% higher ahead of the BOJ.

    ...d Trump’s more positive comments on US/China trade front all combined to boost overall “risk” sentiment for the trade-sensitive currency.  AUDUSD is trading once again back above support in the 0.7080s, and is giving the entrenched fund short position some...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Risk rebounds further to start the week, with Italian bonds leading the charge

    • Italy avoids debt downgrade from S&P. BTP/Bunds contract to +289bp. • EURUSD struggles to benefit as Angela Merkel announces she won’t seek re-election as Germany's CDU leader. • GBPUSD follows EUR as traders await UK budget announcement. • Busy week...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US reports +3.5% GDP growth for Q3, beating estimates, but price indexes miss.

    • US stock futures recovering on strong US GDP headline print after slew of weak corporate earnings reports overnight. • USD longs trimming a bit here after weak price measures in GDP report. • USDCAD traders eyeing 1.3140s as pivot for today. • AUDUSD ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    ECB leaves rates unchanged. Mario Draghi's press conference now underway.

    • USDCAD decline from hawkish Bank of Canada rate hike gets cancelled out by late day plunge in US stocks/crude oil. • Theresa May survives leadership challenge rumors, but GBP traders are still not optimistic. • Aussie quickly recovers from yesterday’s ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of Canada set to raise interest rates by 25bp today

    • BoC announcement at 10amET, followed by press conference at 11:15amET. • Weekly EIA oil inventory data out at 10:30amET. • Poor Eurozone PMIs add to woes for EURUSD ahead of ECB meeting tomorrow. • Sterling follows EURUSD lower after UK refutes yester...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    EU may offer British PM a UK-wide customs union, according to RTE News

    • Positive Brexit headline gives life-line to GBPUSD. • Sterling bounce + relative calm in Italian bonds helps EURUSD bounce as well. • Global equities under pressure with weak European corporate earnings adding to Shanghai pullback/Nikkei plunge. • Cru...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Rumors of Theresa May no-confidence vote rattles GBP

    • GBPUSD down 1% and falling. • Moody’s downgrades Italy to one notch above junk, outlook stable. • Ball now in EU’s court as Italy acknowledges EU concerns, but refuses to make changes. • Traders expecting 25bp hike from the Bank of Canada on Wednesday...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    CAD traders awaiting Canadian Retail Sales & CPI data

    • Italian bonds bounce off lows, narrowing BTP/Bund spread off highs, but Italian/EU relations still tense. • “Risk” trades recovering into NY open with AUD and CAD leading. • EU summit comes and goes without progress on Brexit negotiations. • AUDUSD sh...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bearish oil inventory data has USDCAD knocking on resistance levels once again

    • US Philly Fed beats, +22.2 vs +20 expected. • Canadian Retail Sales (Aug) and Canadian CPI (Sep) on deck for tomorrow. • EURUSD falls apart with EU Italian budget rejection, Brexit, higher USDCNY fix weighing. • GBPUSD holding 1.31s, but EU summit not...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Brexit mood sours as two-day EU summit begins

    • GBP losses lead broad based USD strength into NY session. • US Housing Starts, Cdn Manufacturing Shipments, EIA oil inventories, FOMC Minutes on deck today. • Some EURUSD shorts likely stopped out in yesterday's head fake above 1.1600. GBP, gold, CNH ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    It's crunch time for Brexit negotiations

    • GBP leads broad USD weakness ahead of EU summit tomorrow. • UK wages beat expectations in September employment report. • German ZEW disappoints. • USDCAD continues lower after upbeat Business Outlook Survey ups rate hike odds for next week. • BTP/Bun...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Gold leads EUR & AUD higher while GBP fills Sunday opening chart gap

    • USD not showing safe haven status again today. • Brexit negotiations at yet another impasse. Theresa May to speak later this morning. EU Summit on deck Oct 17-18. • US Retail Sales disappoint, coming in +0.1% MoM vs +0.5% expected. • Bank of Canada’...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Announced Trump/Xi G20 meeting + strong Chinese export data helps global equities bounce

    • Crude regains $71 support level, keeping USDCAD under pressure ahead of large 1.3000 expiries. • PBOC fixes USDCNY higher again, helping to cap EURUSD. 1.1550 option expiries likely weighing as well. • GBP traders eyeing EU summit next week. • AUDUSD...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US stocks plunge, but risk-off sentiment does not help USD broadly

    • “I think the Fed has gone crazy”, says Trump. • Is the market thinking the Fed may have to ease up on rate hikes? • USD trading broadly weaker into US CPI figures at 8:30amET. • Weekly EIA oil inventories out at 11amET today.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading mixed into NY session

    • September US PPI meets expectations on the MoM figure, misses slightly YoY. • August Canadian Building Permits miss consensus. Prior month revised lower. • Italian politicians keep spooking Italian bonds while UK Brexit sentiment improves ahead of EU ...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Italian bond sell off, China RRR cut, IMF growth downgrade sours risk appetite

    • Risk off flows see broad demand for USD, but some calm returning ahead of NY open. • Canadian Housing Starts miss expectations for September. • Fed’s Evans speaking at 10am. BoE’s Broadbent at 10:30amET. BoC’s Wilkins at 2pmET. • This week’s calenda...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    It's jobs Friday again!

    • Traders eagerly awaiting US & Canadian employment data for August, out at 8:30amET. • USDCAD fills Sunday opening gap, benefits from risk aversion/crude oil selling yesterday. • GBPUSD rallies again on more positive Brexit headlines. Deal on Irish bor...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Beats on US ADP/Services ISM sees US yields explode higher

    • Hawkish comments from Powell add to broad USD strength in late NY trade yesterday. • Global yield rise leading to “risk off” fears for equities today, pulling USDJPY off highs. • Positive Brexit headlines on Irish border helps GBPUSD bounce. EURUSD fo...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading broadly higher but within yesterday's ranges

    • Italy vows to reduce deficit in 2020 & 2021, but EUR and Italian assets dial back initial excitement. • Theresa May defends her Brexit plan, talks tough on EU on final day of Tory conference. • Australian Building Permits (Aug) miss expectations, AUD l...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Italian budget fears take center stage again

    • Italian assets and EURUSD hit, but trying to recover now. • Hang Sang gets hammered. • RBA keeps Australian rates on hold. • Crude oil extends rally on declining Iranian oil exports. • UK Tory conference continues today with Boris Johnson speaking.

    ...gativity were some comments from Italian Lega minister Borghi who said Italy would solve most of its problems if it had its own currency.  Borghi and PM Conte had to quickly dial back this rhetoric in an attempt to calm markets.  Italian stocks are trading...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US & Canada reach new NAFTA deal

    • USDCAD plunges, extending last week’s reversal lower. • GBPUSD pops as U.K. SAID TO PLAN COMPROMISE ON IRISH BORDER TO GET BREXIT DEAL • USDJPY trades to new highs on broad “risk-on” sentiment. • October 20yr seasonals suggest weakness for CAD, EUR an...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    New Italian budget target (2.4% of GDP) spooks Italian assets

    • Italian stocks off 4+%. BTP/Bund spread blows out to +277bp. • EURUSD now off over 200pts from the post Fed highs. • Mild risk off tones heading into NY trading today. • USDCAD nursing EURCAD driven losses ahead of Canadian GDP at 8:30amET.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Powell shakes out doves by downplaying removal of "accommodative" language from Fed statement

    • Fed raises interest rates to 2.25% as expected, removes “accommodative" language from statement. • POWELL: DROPPING ACCOMMODATIVE DOESN'T SIGNAL RATE-PATH CHANGE • USD broadly reverses higher, with last minute Italian budget worries leading USD strengt...

    ...nts, which helps to explain why the funds liquidated positions for the most part yesterday (open interest declines in the major currency futures, with the exception of JPY).  USDCAD closed NY trade just shy of the next chart resistance level in the 1.3030s...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    All eyes on the Fed

    ... Italian budget announcement tomorrow + USDCNH rise. • USDJPY traders on the cusp of upside breakout. • RBNZ expected to hold rates steady today. • EIA oil inventory report out at 10:30amET.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets settle into range ahead of the Fed tomorrow

    • Trump speaking at UN at 10:15amET. Iran’s Rouhani speaking at 11amET. • Option expiries abound for EURUSD tomorrow. • USDJPY struggling to make new highs as US 10yr yields hit 3.11%.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets brace for another 25bp rate hike from the Fed this Wednesday

    • Draghi sees relatively vigorous pick-up in underlying inflation; EURUSD pops. • GBPUSD recovers from Friday's lows on positive comments from UK's Raab. • Nov crude oil trading 2% higher after OPEC Algiers Summit.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    CAD traders await Cdn Retail Sales & CPI data

    • Salzburg summit does not go well for Theresa May. GBP plunging back lower. • Theresa May to make Brexit statement at 8:45amET. • Global equity strength helps USDJPY rally to new 1 month high.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Sterling surge leads broad USD selling into NY open

    • UK Retail Sales beat, shorts scramble above 1.3210s. • EU Summit on Brexit now scheduled for Nov 17-18. • Trump talking oil prices off overnight highs. • US Philly Fed beats, +22.9 vs +17 expected.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD recovering overnight losses into NY trade

    UK CPI & US HOUSING STARTS BEAT EXPECTATIONS EIA OIL INVENTORIES ON DECK AT 10:30AMET MAY IS SAID TO REJECT BARNIER IMPROVED IRISH BREXIT OFFER:TIMES WH ADVISOR HASSETT: U.S. READY TO MOVE AHEAD WITH MEXICO DEAL WITHOUT CANADA BOJ LEAVES POLICY ON HOLD...

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets shrug off formal escalation in US/China trade war

    • Trump announces 10% tariff on $200bln of Chinese imports, effective Sep 24. • Markets fade knee-jerk risk off move. Stocks, yields and CNH now higher. USD and JPY lower. • Bank of Japan meets tonight.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD broadly weaker into NY open with Italian bonds leading

    • Trump ready to announce new China tariffs, but markets shrugging off so far. • Rally in Italian bonds helping EURUSD recover Friday’s losses. • GBPUSD quickly back at chart resistance ahead of Salzburg summit. • USDJPY steady ahead of BOJ tomorrow.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading mixed ahead of US Retail Sales

    • Weak US CPI ignites broad USD selling yesterday. • Trump China tweet dials back gains for CNH, AUD and CAD. • GBPUSD dealing with Brexit headlines this morning.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Central bank bonanza leaves traders yawning. US CPI surprises to the downside

    • ECB and BOE leave rates unchanged, as expected • Turkey hikes rates to 24%, EMFX rallies • All eyes now on ECB press conference • US CPI disappoints by 0.1% on both the YoY on MoM figures

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Oil rally, positive NAFTA comments from Trump & bullish APIs report boosts CAD

    • US PPI data for August disappoints. • USDCAD traders eyeing weekly EIA inventory data after yesterday’s $2 oil rally. • EURUSD and GBPUSD stalling ahead of central bank meetings tomorrow.

    ...cd32; } Summary USDCAD: Dollar/CAD is trading with a slight bid tone this morning but this comes after the market fell apart yesterday.  Early gains back above the 1.3150s were short lived when crude oil prices exploded higher.  There ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Sterling sales leading USD strength into NY open

    • Wave of GBP selling hits after UK jobs beat expectations • Negative Brexit headlines from Evening Standard push GBP lower still. • CAD traders eyeing resumption of NAFTA talks today.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD starts the week with a mixed tone

    Rally in Italian assets helping EUR sentiment. This week’s calendar features BoE and ECB meetings on Thursday. EU’s Barnier given mandate to strike Brexit deal with UK. EU'S BARNIER: GETTING BREXIT DEAL IS `REALISTIC' IN 6-8 WEEKS.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    It's jobs Friday!

    • Traders awaiting US and Canada employment reports for August. • More positive Brexit headlines sees GBPUSD test last week’s resistance levels. • BoC Wilkins hawkish comments giving CAD a positive tone.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading softer into NY open

    • US ADP and Canadian Building Permits both miss expectations. • Positive Brexit headlines repair GBPUSD chart. • USDCAD steady after expected BoC rate hold.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    CAD traders eyeing Bank of Canada rate decision

    • Markets expecting hawkish hold. • Option expiries may influence today for EUR, GBP and AUD. • EM FX selling still in focus.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    EM FX losses lead broad USD strength into NY trade

    • South Africa enters recession • RBA holds rates steady • No NAFTA deal yet for Canada

    ...ound-color:#ffcd32; } Summary USDCAD: Dollar/CAD is starting the week with a strong bid as emerging market currency weakness leads the way yet again.  This time it’s South Africa and its unexpected slip into recession during Q2 (-0.7% ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Barrage of negative trade related headlines leads to "risk-off" tone into month end

    • Trump dials up trade rhetoric with the EU and China. • Canadian officials dialing back optimism for NAFTA trade deal today. • BOJ tweaks JGB buying schedule for September.

    ..., with the TRY recovering slightly after another stop gap measure was announced.  https://uk.reuters.com/article/us-turkey-currency/turkish-lira-gains-against-dollar-after-move-on-lira-deposits-idUKKCN1LG0FC.  The Argentine peso is steady after y...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Canadian GDP misses expectations

    • Canadian June GDP flat vs. +0.1% expected. +2.9% YoY for Q2 vs. +3.0% expected. • Continued EM FX pressure leading broad, but mild USD strength. • GBP surges following Barnier headlines

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading broadly higher into NY trade

    • Westpac news, Yuan weakness, negative EURUSD close, and EM FX selling leading USD gains. • Canada ready to make concessions on dairy. • US Q2 GDP revised higher from +4.0% to +4.2% YoY.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US/Mexico trade deal ignites broad risk-on rally

    • Canadian negotiations with Washington now in focus • USD extends losses broadly across major pairs • July US Trade Balance figures out shortly at 8:30am ET

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Risk-on tone to equities countering renewed Turkish lira selling to start week

    • USD going offered into NY trade, with GBPUSD leading. • Turkey back from holidays. • Funds add to USD longs in the week ending Aug 21.

    ... Director, FX Trading   Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD sees broad selling ahead of Jerome Powell speech at Jackson Hole

    • Australia appoints Scott Morrison as new PM, AUD bounces. • China re-introduces counter-cyclical factor in USDCNY fix calculation. • Fed’s Bullard speaking with dovish tone ahead of Jerome Powell.

    ... Director, FX Trading   Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    AUDUSD falls on Turnbull/Huawei headlines

    • Australian PM Turnbull facing leadership challenge. • Australia bans China’s Huawei from 5G network. • AUD selling leads broad USD gains in overnight trade after mixed FOMC Minutes.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading broadly mixed to weaker following negative political developments for Trump

    “No dispute that Trump committed a crime" says Cohen lawyer. Canadian June Retail Sales miss expectations, but May figures are revised higher. USTR says no deal yet on NAFTA.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump complaints about Fed (this time with Reuters) + weak USD technicals spark further USD selling into Asia

    • USDCAD traders eyeing key support in 1.3010s. • Broad USD buying apparent into NY open, with USDJPY leading. • Quiet US session ahead in terms of scheduled data.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD longs starting to look vulnerable ahead of Jackson Hole

    USDCAD bouncing after Canadian CPI beat Broader USD trading quietly ahead of Jackson Hole USD fund long positioning showing signs of over-extension

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD traders eyeing Canadian CPI report out shortly. Broader USD choppy. Turkish Lira has resumed decline.

    USDCAD traders eyeing Canadian CPI report out shortly Broader USD choppy Turkish Lira has resumed decline

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Positive US/China trade headlines & USDCNH decline lead broad recovery in risk sentiment

    China to send delegation to US in late August China making it more expensive to short off-shore Yuan in the forward market Decent Australian employment reports lifts AUD

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    China worries + new highs in USDCNH leading broad USD strength. Markets ignoring stop-gap measures in Turkey. US Retail Sales beats.

    China worries + new highs in USDCNH leading broad USD strength Markets ignoring stop-gap measures in Turkey US Retail Sales beats

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    EM FX bounces with TRY up 4%. CAD outperforming on crude oil strength and CAD cross demand. UK employment report disappoints on wage growth.

    EM FX bounces with TRY up 4% CAD outperforming on crude oil strength and CAD cross demand UK employment report disappoints on wage growth

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets glued on Turkey, but USD gains focused in EM space. ZAR flash crashes. Unconfirmed Pastor Brunson headlines sees USDTRY gains stall + USD offers.

    Markets glued on Turkey, but USD gains focused in EM space ZAR flash crashes Unconfirmed Pastor Brunson headlines sees USDTRY gains stall + USD offers

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Turkish lira crash sees broad "risk-off" demand for USD. Erdogan speaking. US CPI and Canadian job numbers on deck.

    Turkish lira crash sees broad "risk-off" demand for USD. Erdogan speaking. US CPI and Canadian job numbers on deck.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    FX majors range trade while EM FX lags. GBP bounces on positive Brexit headlines. Canadian Housing Starts and US PPI both miss expectations.

    FX majors range trade while EM FX lags GBP bounces on positive Brexit headlines Canadian Housing Starts and US PPI both miss expectations

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD surges yesterday. Saudi Arabia begins selling Canadian assets. Weekly oil inventory data on deck.

    USDCAD surges yesterday Saudi Arabia begins selling Canadian assets Weekly oil inventory data on deck

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Broad USD strength reverses after PBOC hikes reserve requirement for Yuan forward trading. EURUSD sees volatility amid Italian budget nervousness. US NFP payrolls on deck.

    Broad USD strength reverses after PBOC hikes reserve requirement for Yuan forward trading EURUSD sees volatility amid Italian budget nervousness US NFP payrolls on deck

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets in "risk-off" mode following Chinese response to US proposed 25% tariff on $200bln of Chinese goods. BoE hikes 25bps, but dovish Carney slams GBP. Traders eyeing US non-farm payrolls tomorrow.

    Markets in "risk-off" mode following Chinese response to US proposed 25% tariff on $200bln of Chinese goods. BoE hikes 25bps, but dovish Carney slams GBP. Traders eyeing US non-farm payrolls tomorrow.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD trading mixed post escalation of US/China trade tensions. US ADP beats expectations. US ISM and FOMC on deck.

    USD trading mixed post escalation of US/China trade tensions US ADP beats expectations US ISM and FOMC on deck

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    BOJ disappoints hawks with dovish guidance following tweak to yield curve control policy. USDCAD spikes higher on negative NAFTA headlines, then recedes following Cdn GDP beat. EURUSD traders eyeing upside after break of chart resistance.

    BOJ disappoints hawks with dovish guidance following tweak to yield curve control policy USDCAD spikes higher on negative NAFTA headlines, then recedes following Cdn GDP beat EURUSD traders eyeing upside after break of chart resistance

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Positive outcome of Trump/Juncker meeting leads to broad "risk-on" USD selling, but the USD recovers somewhat today. ECB keeps monetary policy unchanged. Press conference begins shortly.

    Positive outcome of Trump/Juncker meeting leads to broad "risk-on" USD selling, but the USD recovers somewhat today ECB keeps monetary policy unchanged Press conference begins shortly

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    FX makets continue to range ahead of Trump/Juncker and ECB meetings.

    FX makets continue to range ahead of Trump/Juncker and ECB meetings.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD range trades amid lack of headlines. USDJPY fails to benefit from surge is US yields yesterday. AUD traders eyeing Australian CPI tonight.

    USD range trades amid lack of headlines USDJPY fails to benefit from surge is US yields yesterday AUD traders eyeing Australian CPI tonight

    ...s the culprit behind early EUR weakness but stronger than expected manufacturing PMI data out of Europe today helped the common currency recover.  Expect the range trade to continue for the time being as the calendar remains light and the technicals c...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD quiet to start week. USDJPY plunge halted by BOJ intervention. EUR traders eyeing ECB meeting this week.

    USD quiet to start week USDJPY plunge halted by BOJ intervention EUR traders eyeing ECB meeting this week

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Trump displeasure with rising rates/USD takes wind out of broad USD rally. CAD traders eyeing Canadian Retail Sales/CPI out momentarily. GBP traders awaiting comments from EU's Barnier.

    Trump displeasure with rising rates/USD takes wind out of broad USD rally CAD traders eyeing Canadian Retail Sales/CPI out momentarily GBP traders awaiting comments from EU's Barnier

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCNY fixing above 6.70 / USDCNH breakout leads USD broadly higher. AUD falls apart despite stellar Australian job gains. UK Retail Sales miss adds to GBPs woes.

    USDCNY fixing above 6.70 / USDCNH breakout leads USD broadly higher AUD falls apart despite stellar Australian job gains UK Retail Sales miss adds to GBPs woes

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Broader USD extends gains following upbeat testimony from the Fed's Powell. Weak UK CPI/political turmoil sees GBPUSD trade to new swing lows. Powell speech before House panel + Fed's Beige Book on deck for today.

    Broader USD extends gains following upbeat testimony from the Fed's Powell Weak UK CPI/political turmoil sees GBPUSD trade to new swing lows Powell speech before House panel + Fed's Beige Book on deck for today

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USD recovers ahead of key speech from Fed Chairman Powell today. GBP dragged lower again by Brexit headlines. USDJPY back above 112.50.

    USD recovers ahead of key speech from Fed Chairman Powell today GBP dragged lower again by Brexit headlines USDJPY back above 112.50

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USD extends Friday's weakness following bullish reversals in EURUSD and GBPUSD. Upward revision to May US Retail Sales helping USD this morning. Traders eyeing Trump/Putin summit underway + Fed's Powell speech tomorrow.

    USD extends Friday's weakness following bullish reversals in EURUSD and GBPUSD Upward revision to May US Retail Sales helping USD this morning Traders eyeing Trump/Putin summit underway + Fed's Powell speech tomorrow

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCNH gains & GBPUSD weakness leading USD gains overnight, but momentum waning. GBP lags after Trump interview with UK press. Trump/May press conference on deck.

    USDCNH gains & GBPUSD weakness leading USD gains overnight, but momentum waning. GBP lags after Trump interview with UK press. Trump/May press conference on deck.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Swift reversal lower in crude oil rescues USDCAD after hawkish rate hike from BoC. Broad USD rally ensues with USDJPY breakout/USDCNH strength leading. USD backing off this morning after in-line US CPI.

    Swift reversal lower in crude oil rescues USDCAD after hawkish rate hike from BoC. Broad USD rally ensues with USDJPY breakout/USDCNH strength leading. USD backing off this morning after in-line US CPI.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Markets go "risk off" after US tariff list announcement on additional $200bln of Chinese imports. ECB headlines helping EURUSD over the last hr. Bank of Canada rate decision on deck 10amET.

    Markets go "risk off" after US tariff list announcement on additional $200bln of Chinese imports. ECB headlines helping EURUSD over the last hr. Bank of Canada rate decision on deck 10amET.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    UK cabinet resignations rattle GBP, igniting broad USD strength over last 24hrs. Weak European data today + bounce in USDCNH/sell off in gold spur more USD buying. Quiet calendar today with Bank of Canada tomorrow.

    UK cabinet resignations rattle GBP, igniting broad USD strength over last 24hrs Weak European data today + bounce in USDCNH/sell off in gold spur more USD buying Quiet calendar today with Bank of Canada tomorrow

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USD on the backfoot again following weaker the expected US wage growth. Theresa May and GBP survive Friday's key Brexit meeting. EURUSD and AUDUSD breaking out.

    USD on the backfoot again following weaker the expected US wage growth Theresa May and GBP survive Friday's key Brexit meeting EURUSD and AUDUSD breaking out

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Broader USD trading with weak tone ahead of US jobs report. Canada employment report also due. Markets largely shrugging off official start of US tariffs on China.

    Broader USD trading with weak tone ahead of US jobs report Canada employment report also due Markets largely shrugging off official start of US tariffs on China.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Report suggesting easing of US threat on EU car imports ignites rally in European equities and EUR. US ADP report dissapoints. US ISM, DOEs and FOMC Minutes on deck today.

    Report suggesting easing of US threat on EU car imports ignites rally in European equities and EUR US ADP report dissapoints US ISM, DOEs and FOMC Minutes on deck today

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Yuan moves continue to lead broader USD. USDCAD finds bids into chart support, but lacking momentum. US traders out today for Independence Day holiday.

    Yuan moves continue to lead broader USD USDCAD finds bids into chart support, but lacking momentum US traders out today for Independence Day holiday

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Rumored Yuan intervention sees USDCNH reverse lower, USD now broadly lower. EUR sentiment aided by Merkel comprimise with CSU. RBA keeps rate unchanged.

    Rumored Yuan intervention sees USDCNH reverse lower, USD now broadly lower EUR sentiment aided by Merkel comprimise with CSU RBA keeps rate unchanged

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USD broadly offered on EU migration development. USDCAD finds bids after technical selling yesterday. Cdn GDP and Business Outlook Survey on deck today.

    USD broadly offered on EU migration development USDCAD finds bids after technical selling yesterday Cdn GDP and Business Outlook Survey on deck today

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    BoC's Poloz causes some late day volatilty in USDCAD. GBP trades to new swings lows on Brexit pessimism. EURUSD trying to bounce but yuan weakness and German political uncertainty still cloud outlook.

    BoC's Poloz causes some late day volatilty in USDCAD GBP trades to new swings lows on Brexit pessimism EURUSD trying to bounce but yuan weakness and German political uncertainty still cloud outlook

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Chinese yuan weakness (USDCNH rally) continues to lead broad USD strength today. Trump softening stance on Chinese investments. BoC's Poloz speaks later today.

    Chinese yuan weakness (USDCNH rally) continues to lead broad USD strength today Trump softening stance on Chinese investments BoC's Poloz speaks later today

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Yuan and gold weakness leading broad USD strength this morning. BoE's Haskel out with some dovish comments. Quiet North American calendar today.

    Yuan and gold weakness leading broad USD strength this morning BoE's Haskel out with some dovish comments Quiet North American calendar today

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Mild risk off tone in markets to start week. Futures traders aggresively bail USD shorts during June/Sep roll. EU summit in focus this week for EUR and GBP traders.

    Mild risk off tone in markets to start week Futures traders aggresively bail USD shorts during June/Sep roll EU summit in focus this week for EUR and GBP traders

    ...t in the US (http://money.cnn.com/2018/06/25/investing/chinese-investment-in-us-restrictions/index.html), China’s stealth currency devaluation response by continuing to set higher USDCNY fixes higher despite a short term top in the broader USD since ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Big day for CAD ahead as traders await Canadian data points and OPEC decision. Bullish outside day patterns scored in EURUSD and GBPUSD. USDJPY sidelined.

    Big day for CAD ahead as traders await Canadian data points and OPEC decision Bullish outside day patterns scored in EURUSD and GBPUSD USDJPY sidelined

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    FX markets quiet ahead of key Brexit "meaningful vote" amendment vote in UK today. Four central bankers speaking shortly in Portugal. BoE meets tomorrow.

    FX markets quiet ahead of key Brexit "meaningful vote" amendment vote in UK today Four central bankers speaking shortly in Portugal BoE meets tomorrow

    ...ed lower in the 4am hour after comments from the ECB’s Nowotny, who outright talked down the EUR when he said he sees the currency depreciating because of differences in interest rate policies.  Support in the 1.1530s held the 50pt dip that ensu...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Markets in "risk off" mode following increased US/China trade war rhetoric. USD and JPY safe haven demand in effect. Dovish Mario Draghi adding to EURs woes.

    Markets in "risk off" mode following increased US/China trade war rhetoric USD and JPY safe haven demand in effect Dovish Mario Draghi adding to EURs woes

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    FX markets quiet to start week. Central bankers gathering in Portugal. BoE and OPEC in focus for later this week.

    FX markets quiet to start week Central bankers gathering in Portugal BoE and OPEC in focus for later this week

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    EUR & GBP bouncing following plunge on dovish ECB press conference. CAD and AUD lagging as US/China trade war rhetoric heats up. Some option expiries in play at week's end.

    EUR & GBP bouncing following plunge on dovish ECB press conference CAD and AUD lagging as US/China trade war rhetoric heats up Some option expiries in play at week's end

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Markets fade hawkish Fed rate hike. ECB delivers mixed hold on rates, dissapointing hawks. All eyes on Mario Draghi presser at 8:30amET + US Retail Sales.

    Markets fade hawkish Fed rate hike ECB delivers mixed hold on rates, dissapointing hawks All eyes on Mario Draghi presser at 8:30amET + US Retail Sales

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Broader USD steady ahead of FOMC meeting. GBP lags on in-line UK CPI + Brexit amendment vote antics. EUR bid but large option expiry looms below.

    Broader USD steady ahead of FOMC meeting GBP lags on in-line UK CPI + Brexit amendment vote antics EUR bid but large option expiry looms below

    ...me EUR positive comments from the alleged euro-skeptic Paolo Savona (“if you want a single market, you must have a single currency”...”there is no plan B, I’ve never asked to leave the euro”).  Eurozone Industrial Product...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USD trading broadly mixed following Trump/Kim summit. UK traders eyeing key Brexit related vote. US CPI on deck.

    USD trading broadly mixed following Trump/Kim summit UK traders eyeing key Brexit related vote US CPI on deck

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCAD gaps higher after post G7 rant from Trump administration. Very busy week ahead for markets. Traders eyeing Fed, EBC, BOJ, Brexit vote, US/NK summit, OPEC, + economic data.

    USDCAD gaps higher after post G7 rant from Trump administration Very busy week ahead for markets Traders eyeing Fed, EBC, BOJ, Brexit vote, US/NK summit, OPEC, + economic data

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Broad bout of risk aversion hits markets ahead of G7 meeting. CAD traders await Cdn jobs numbers. JPY and USD broadly higher.

    Broad bout of risk aversion hits markets ahead of G7 meeting CAD traders await Cdn jobs numbers JPY and USD broadly higher

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCAD chart mixed after yesterday's snapback. EUR extends gains while GBP and AUD lag. Canadian jobs report in focus for tomorrow.

    USDCAD chart mixed after yesterday's snapback EUR extends gains while GBP and AUD lag Canadian jobs report in focus for tomorrow

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCAD technical structure reverses quickly. EUR bid on hawkishness leading up to ECB meeting next week. AUD bid following Australian GDP, but not benefitting from copper breakout.

    USDCAD technical structure reverses quickly EUR bid on hawkishness leading up to ECB meeting next week AUD bid following Australian GDP, but not benefitting from copper breakout

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCAD resumes rally as AUD gives up gains post RBA and oil declines post Trump request to OPEC. UK Services PMI rescues GBP. Trump now considering bilateral talks with Canada and Mexico.

    USDCAD resumes rally as AUD gives up gains post RBA and oil declines post Trump request to OPEC UK Services PMI rescues GBP Trump now considering bilateral talks with Canada and Mexico

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    AUD surge leads broad USD weakness into NY trading. Continued calm in European bond yields helping EUR. Brexit negotiations in focus for GBP traders this week.

    AUD surge leads broad USD weakness into NY trading Continued calm in European bond yields helping EUR Brexit negotiations in focus for GBP traders this week

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD recovers on in-line Cdn GDP, metal tariff news and crude oil weakness. EUR bid as Italy finally set to form government + Spain shakes off Rajoy oust. USD broadly bid ahead of US payroll report.

    USDCAD recovers on in-line Cdn GDP, metal tariff news and crude oil weakness EUR bid as Italy finally set to form government + Spain shakes off Rajoy oust USD broadly bid ahead of US payroll report

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Bank of Canada shocks market with hawkish hold on rates. Talk of euro-skeptic Savona being aside helps Italian bonds and EUR. Canada March GDP on deck.

    Bank of Canada shocks market with hawkish hold on rates Talk of euro-skeptic Savona being aside helps Italian bonds and EUR Canada March GDP on deck

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    EUR recovers as Italy auctions off bonds without a hitch. USDCAD weaker into BoC rate decision as 1.3025 resistance caps. USDJPY higher as US yields and global risk sentiment recovers.

    EUR recovers as Italy auctions off bonds without a hitch USDCAD weaker into BoC rate decision as 1.3025 resistance caps USDJPY higher as US yields and global risk sentiment recovers.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    All eyes on EURUSD as Italian assets implode. USD broadly bid but turning as NY traders return from holiday. USDJPY feels brunt of "risk off", flight to quality bid in bonds.

    All eyes on EURUSD as Italian assets implode USD broadly bid but turning as NY traders return from holiday USDJPY feels brunt of "risk off", flight to quality bid in bonds

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    OPEC driven crude oil selling allows USDCAD to break higher. EURUSD mared by Italian and now Spain political drama. USD broadly higher ahead of US long weekend.

    OPEC driven crude oil selling allows USDCAD to break higher EURUSD mared by Italian and now Spain political drama USD broadly higher ahead of US long weekend

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDJPY off on Trump/NK headlines. GBPUSD bid post UK Retail Sales. USDCAD recovers on crude oil selling.

    USDJPY off on Trump/NK headlines GBPUSD bid post UK Retail Sales USDCAD recovers on crude oil selling

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Turkish Lira flash crash ignites "risk off" across all markets. USD higher across the board. Crude oil inventory data and FOMC Minutes today.

    Turkish Lira flash crash ignites "risk off" across all markets USD higher across the board Crude oil inventory data and FOMC Minutes today

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD broadly weaker but lacking momentum. Commodites leading CAD and AUD. EUR traders watching Italian politics.

    USD broadly weaker but lacking momentum Commodites leading CAD and AUD EUR traders watching Italian politics

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCAD offered ahead of Cdn Retail Sales & CPI at 8:30amET. USDJPY extends higher after weaker than expected Japanese CPI. EURUSD still clinging to support.

    USDCAD offered ahead of Cdn Retail Sales & CPI at 8:30amET USDJPY extends higher after weaker than expected Japanese CPI EURUSD still clinging to support

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USD bid into NY trading. GBP volatile after conflicting Brexit headlines. AUD backs off highs after positive Australian employment report.

    USD bid into NY trading GBP volatile after conflicting Brexit headlines AUD backs off highs after positive Australian employment report

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Pressure in EM FX space driving broad USD strength this morning. UK reports mixed employment report. US Retail Sales up next.

    Pressure in EM FX space driving broad USD strength this morning UK reports mixed employment report US Retail Sales up next

    ...e target (1.2825) which opens the door to 1.2850.  A poor NY close for EURUSD yesterday and significant weakness in the EM currency space this morning (ie. new lows in Turkish Lira) is helping the cause at this hour as well.  June crude oil is up...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD bid to start week. CAD traders watching NAFTA, EURUSD and oil. Big week ahead of Australian data.

    USD bid to start week CAD traders watching NAFTA, EURUSD and oil Big week ahead of Australian data

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD broadly offered for the third morning in a row. All eyes on Canadian jobs report at 8:30amET. EURUSD bid but contained by Fib level and option expiry.

    USD broadly offered for the third morning in a row All eyes on Canadian jobs report at 8:30amET EURUSD bid but contained by Fib level and option expiry

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    BoE keeps rates on hold with unchanged 7-2 vote split. USDCAD under pressure again with weak technicals. EURUSD bid ahead of US CPI and large option expiry.

    BoE keeps rates on hold with unchanged 7-2 vote split. USDCAD under pressure again with weak technicals. EURUSD bid ahead of US CPI and large option expiry.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Risk-on mood in markets this morning despite Trump backing out of Iran deal. USD topping out across the board. Big day for UK markets tomorrow.

    Risk-on mood in markets this morning despite Trump backing out of Iran deal USD topping out across the board Big day for UK markets tomorrow

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Powell comments, Iran deal angst, strong technicals drives broader USD to new swing highs. Trump Iran annoucement at 2pmET. USDCAD breaks higher.

    Powell comments, Iran deal angst, strong technicals drives broader USD to new swing highs. Trump Iran annoucement at 2pmET. USDCAD breaks higher.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USD broadly bid to start week. CAD traders eyeing NAFTA talk early this week + jobs numbers at end of week. No hike now expected from BoE when it meets on Thursday.

    USD broadly bid to start week CAD traders eyeing NAFTA talk early this week + jobs numbers at end of week No hike now expected from BoE when it meets on Thursday

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    GBP plunges after weak UK GDP. EUR continues lower after post ECB rout. USDCAD steady ahead of US GDP.

    GBP plunges after weak UK GDP EUR continues lower after post ECB rout USDCAD steady ahead of US GDP

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    No change in monetary policy announced by the ECB. Press conference at 8:30amET. USDCAD soft after negative NY close.

    No change in monetary policy announced by the ECB Press conference at 8:30amET USDCAD soft after negative NY close

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US yield rise continues to drive broad USD strength. Quiet calendar today. ECB tomorrow and BOJ early Friday.

    US yield rise continues to drive broad USD strength Quiet calendar today ECB tomorrow and BOJ early Friday

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    AUD snaps back after weaker than expected CPI. EUR bid ahead of option expiry. USDJPY breaks out ahead of BOJ on Friday.

    AUD snaps back after weaker than expected CPI EUR bid ahead of option expiry USDJPY breaks out ahead of BOJ on Friday

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USD broadly bid as US 10s approach 3%. BOC's Poloz speaking later today. Big week ahead of EUR.

    USD broadly bid as US 10s approach 3% BOC's Poloz speaking later today Big week ahead of EUR

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Yield spike sparks broad USD rally after NY option cut. Carney adds to GBPs woes with dovish comments. Canadian Retail Sales & CPI on deck.

    Yield spike sparks broad USD rally after NY option cut Carney adds to GBPs woes with dovish comments Canadian Retail Sales & CPI on deck

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCAD spikes higher after dovish hold from Bank of Canada, but rallying crude caps. GBP bounces in the face of negative UK retail sales. EUR and AUD directionless

    USDCAD spikes higher after dovish hold from Bank of Canada, but rallying crude caps GBP bounces in the face of negative UK retail sales EUR and AUD directionless

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCAD steady ahead of Bank of Canada rate announcement. USD broadly weaker as EURUSD and AUDUSD reverse higher. GBP lags on weak UK CPI.

    USDCAD steady ahead of Bank of Canada rate announcement USD broadly weaker as EURUSD and AUDUSD reverse higher GBP lags on weak UK CPI

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Sterling backs off post Brexit higher after weaker than expected wage growth. EURUSD trying to hold yesterday's breakout. USDCAD choppy ahead of Bank of Canada tomorrow.

    Sterling backs off post Brexit higher after weaker than expected wage growth EURUSD trying to hold yesterday's breakout USDCAD choppy ahead of Bank of Canada tomorrow

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCAD steady ahead of US Retail Sales. Bank of Canada meets Wednesday. Net USD long (CAD short) at CME continues to lose money.

    USDCAD steady ahead of US Retail Sales Bank of Canada meets Wednesday Net USD long (CAD short) at CME continues to lose money

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCAD testing trend-line support again. AUDUSD and crude oil leading. Another quiet session ahead for data.

    USDCAD testing trend-line support again AUDUSD and crude oil leading Another quiet session ahead for data

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    FX markets quiet. Trump tweet easing some Syria tension. Some central bank speak ahead today.

    FX markets quiet Trump tweet easing some Syria tension Some central bank speak ahead today

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCAD consolidating losses. Broad USD moves+crude oil leading. Busy calender today with US CPI, DOEs, FOMC Minutes, mounting Syria tension.

    USDCAD consolidating losses Broad USD moves+crude oil leading Busy calender today with US CPI, DOEs, FOMC Minutes, mounting Syria tension

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    EURUSD and crude oil gains leading USDCAD lower. China's Xi adds to "risk-on" mood. Canadian Housing Starts/US PPI at 8:30amET.

    EURUSD and crude oil gains leading USDCAD lower China's Xi adds to "risk-on" mood Canadian Housing Starts/US PPI at 8:30amET

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCNH leading early FX flows. Some CAD data ahead today. Watch EURUSD chart resistance.

    USDCNH leading early FX flows. Some CAD data ahead today. Watch EURUSD chart resistance.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Trump escalation of China trade tension + EURUSD selling keeps USDCAD bid ahead of big day. US & Canadian job reports at 8:30amET. Fed's Powell speaks at 2:30pmET.

    Trump escalation of China trade tension + EURUSD selling keeps USDCAD bid ahead of big day US & Canadian job reports at 8:30amET Fed's Powell speaks at 2:30pmET

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCAD sold as sense of calm returns to markets broadly. AUD selling leads broad USD rebound overnight. Trade figures out shortly and jobs reports out tomorrow.

    USDCAD sold as sense of calm returns to markets broadly AUD selling leads broad USD rebound overnight Trade figures out shortly and jobs reports out tomorrow

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    CAD cross selling destroys USDCAD chart yesterday. China tariff news/commodity rout helping USDCAD recover today. All eyes now on US reaction.

    CAD cross selling destroys USDCAD chart yesterday China tariff news/commodity rout helping USDCAD recover today All eyes now on US reaction

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDCAD offered on bounce in US stocks + another positive NAFTA headline. Support levels, weak seasonals in focus. Big reports out Friday.

    USDCAD offered on bounce in US stocks + another positive NAFTA headline Support levels, weak seasonals in focus Big reports out Friday

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    CAD quiet ahead of Canadian GDP. Broader USD mixed to weaker. Long weekend ahead.

    CAD quiet ahead of Canadian GDP Broader USD mixed to weaker Long weekend ahead

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Range-trade continues for USDCAD. Large option expiry today. Canadian GDP out tomorrow.

    Range-trade continues for USDCAD Large option expiry today Canadian GDP out tomorrow

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Month end GBP flows, EURUSD and USDCNH technicals driving overnight USDCAD trade. EURCAD & GBPCAD showing technical weakness. Another quiet session ahead.

    Month end GBP flows, EURUSD and USDCNH technicals driving overnight USDCAD trade EURCAD & GBPCAD showing technical weakness Another quiet session ahead

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Technicals and cross demand helping USDCAD despite broad USD selling. USDCNH breaks down, helping EURUSD break higher. Quiet, holiday shortened week ahead for data.

    Technicals and cross demand helping USDCAD despite broad USD selling USDCNH breaks down, helping EURUSD break higher Quiet, holiday shortened week ahead for data

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    CAD steady ahead of Cdn CPI and Retail Sales reports. USDCAD technicals better, but mediocre NY close yesterday. Overall FX vol mild despite growing US/China trade tension.

    CAD steady ahead of Cdn CPI and Retail Sales reports USDCAD technicals better, but mediocre NY close yesterday Overall FX vol mild despite growing US/China trade tension

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    More NAFTA positive news, higher crude crushes USDCAD. Less hawkish than expected rate hike from the Fed hurts USD broadly. Quiet session ahead for data.

    More NAFTA positive news, higher crude crushes USDCAD Less hawkish than expected rate hike from the Fed hurts USD broadly Quiet session ahead for data

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    US drops demand for US auto content. USDCAD breaking lower on NAFTA positive sentiment. US FOMC on next 2pmET, presser at 2:30pmET.

    US drops demand for US auto content USDCAD breaking lower on NAFTA positive sentiment US FOMC on next 2pmET, presser at 2:30pmET

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD range bound with broad USD bid offset by CAD cross sales. Positive NAFTA headlines helped sellers yesterday. FOMC meeting tomorrow.

    USDCAD range bound with broad USD bid offset by CAD cross sales Positive NAFTA headlines helped sellers yesterday FOMC meeting tomorrow

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD off highs ahead of busy week ahead. USD shorts (CAD longs) continue to lose money. Positive NAFTA headlines just crossing.

    USDCAD off highs ahead of busy week ahead USD shorts (CAD longs) continue to lose money Positive NAFTA headlines just crossing

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD retains upward bias on broad USD bid. Quiet calendar for today and rest of week. CAD traders continue to add length in futures.

    USDCAD retains upward bias on broad USD bid Quiet calendar for today and rest of week CAD traders continue to add length in futures

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD resumes rally on dovish comments from Poloz. US Retail Sales and PPI on deck. Chart technicals supportive.

    USDCAD resumes rally on dovish comments from Poloz US Retail Sales and PPI on deck Chart technicals supportive

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD drifting higher into resistance at 1.2870s. US CPI next up. 500mln+ option expiry at 10am.

    USDCAD drifting higher into resistance at 1.2870s US CPI next up 500mln+ option expiry at 10am

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD broadly weaker after "goldilocks" US jobs report. USDCAD breaks support. US CPI and Retail Sales in focus this week

    USD broadly weaker after "goldilocks" US jobs report USDCAD breaks support US CPI and Retail Sales in focus this week

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Canada exempt from steel tariffs. USDCAD soft ahead of US and Canadian job reports. Large option expiry could come into play.

    Canada exempt from steel tariffs USDCAD soft ahead of US and Canadian job reports Large option expiry could come into play

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD up post BOC, down after White House exemption headlines. Now steady as markets await ECB press conference. US and Cdn job reports tomorrow

    USDCAD up post BOC, down after White House exemption headlines Now steady as markets await ECB press conference US and Cdn job reports tomorrow

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Gary Cohn out. Bank of Canada on deck. USDCAD steady to higher.

    Gary Cohn out Bank of Canada on deck USDCAD steady to higher

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD offered on broad USD selloff following positive North Korea headlines. Negative trade/NAFTA developments pushed to the side for now. Bank of Canada meets tomorrow.

    USDCAD offered on broad USD selloff following positive North Korea headlines Negative trade/NAFTA developments pushed to the side for now Bank of Canada meets tomorrow

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Canada not exempt from steel tariffs. EUR mixed after busy weekend. Traders eyeing four central bank meetings this week.

    Canada not exempt from steel tariffs EUR mixed after busy weekend Traders eyeing four central bank meetings this week

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD jittery amidst trade headlines. Market back near highs on massive EURCAD buying. Canadian GDP on deck at 8:30am.

    USDCAD jittery amidst trade headlines Market back near highs on massive EURCAD buying Canadian GDP on deck at 8:30am

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Technical selling continues to hit EURUSD. USDCAD bid on broad USD strength. Busy US calendar today.

    Technical selling continues to hit EURUSD USDCAD bid on broad USD strength Busy US calendar today

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Powell speaks and markets speculate about 4th rate hike from the Fed. USD resumes near-term uptrend. EURUSD testing key support.

    Powell speaks and markets speculate about 4th rate hike from the Fed USD resumes near-term uptrend EURUSD testing key support

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USD steady ahead of Fed Powell's testimony before congress. Text of speech to be released 8:30am. Hearing commences 10amET.

    USD steady ahead of Fed Powell's testimony before congress. Text of speech to be released 8:30am. Hearing commences 10amET.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Big GBP option expiry in play this morning. Busy US calender kicks off tomorrow with Powell testimony. USDCAD recoving Friday's losses

    Big GBP option expiry in play this morning Busy US calender kicks off tomorrow with Powell testimony USDCAD recoving Friday's losses

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD retreats with US yields. GBP volatile on fat finger. Cdn CPI on deck.

    USD retreats with US yields GBP volatile on fat finger Cdn CPI on deck

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bond traders resume selling after FOMC minutes. USD rallies broadly on higher US yields. Canadian Retail Sales on deck

    Bond traders resume selling after FOMC minutes USD rallies broadly on higher US yields Canadian Retail Sales on deck

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD extends gains after positive NY closes across the major currencies. GBP weighed down by soft UK jobs report. FOMC minutes in focus for 2pmET today

    USD extends gains after positive NY closes across the major currencies GBP weighed down by soft UK jobs report FOMC minutes in focus for 2pmET today

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Broader USD extends recovery after bullish closing patterns on Friday. GBP bid on positive Brexit headlines. Traders eyeing record US bond issuance on tap for this week.

    Broader USD extends recovery after bullish closing patterns on Friday GBP bid on positive Brexit headlines Traders eyeing record US bond issuance on tap for this week

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDJPY continues to lead broader USD lower, but reversal in the works. UofM survey on deck. Long weekend ahead of North American markets.

    USDJPY continues to lead broader USD lower, but reversal in the works UofM survey on deck Long weekend ahead of North American markets

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD violently reverses lower yesterday, led by gold breakout. Key technical reversals scored. USDJPY decline continues.

    USD violently reverses lower yesterday, led by gold breakout Key technical reversals scored SDJPY decline continues

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDJPY plunge leads USD weakness in Asia. Europe buys dollars. US CPI & Retail Sales on deck.

    USDJPY plunge leads USD weakness in Asia Europe buys dollars US CPI & Retail Sales on deck

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDJPY collapses. GBP bid on UK CPI print. EUR oddly bid, especially against commodity currencies

    USDJPY collapses GBP bid on UK CPI print EUR oddly bid, especially against commodity currencies

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD mixed to start week, but broadly firming now. UK CPI on deck tomorrow and US CPI Wed. S&Ps stable.

    USD mixed to start week, but broadly firming now UK CPI on deck tomorrow and US CPI Wed S&Ps stable

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Canadian employment report in focus. GBP getting crushed as Brexit worries now trump hawkish BOE. Option expiries in play for EUR and AUD.

    Canadian employment report in focus GBP getting crushed as Brexit worries now trump hawkish BOE Option expiries in play for EUR and AUD

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bullish USDCNH reversal leads USD strength overnight. BOE delivers hawkish hold on monetary policy. GBP surges while EUR, AUD, CAD work on reversals higher

    Bullish USDCNH reversal leads USD strength overnight BOE delivers hawkish hold on monetary policy GBP surges while EUR, AUD, CAD work on reversals higher

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    SD safe-haven bid fades as stocks recover. Technical reversals in AUD,EUR and GBP fizzle out however. USD now broadly bid again with USDCNY leading.

    SD safe-haven bid fades as stocks recover Technical reversals in AUD,EUR and GBP fizzle out however USD now broadly bid again with USDCNY leading

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Equity volatility markets break as stock market collapses. USD enjoying controlled safe-haven bid. US cash open nervously awaited.

    Equity volatility markets break as stock market collapses USD enjoying controlled safe-haven bid US cash open nervously awaited

    ...is hour).  Interestingly, USDJPY has not seen a resumption of the safe-haven flows that seem to be going through all other currency pairs in the last couple hours.  This tells us the market might have legs for a technical recovery today (double-b...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Sterling sales leading USD bid to start week. Big night for AUD traders ahead. USDCAD traders eyeing chart resistance.

    Sterling sales leading USD bid to start week. Big night for AUD traders ahead. USDCAD traders eyeing chart resistance.

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    US jobs report in focus. BOJ goes full throttle on yield curve control. Stocks under pressure.

    US jobs report in focus BOJ goes full throttle on yield curve control Stocks under pressure

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Month-end USD demand noted yesterday. FOMC gives market slightly hawkish hold on rates. US ISM on deck and US NFPs tomorrow.

    Month-end USD demand noted yesterday FOMC gives market slightly hawkish hold on rates US ISM on deck and US NFPs tomorrow

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US ADP and Cdn GDP beats. Trump speech a yawner. USD broadly weaker led by USDCNH breakdown. FOMC on deck at 2pm.

    US ADP and Cdn GDP beats Trump speech a yawner USD broadly weaker led by USDCNH breakdown

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD retreats as US 10s look over 2.73 and then reverse lower. Trump State of Union in focus. Key close for EURUSD ahead.

    USD retreats as US 10s look over 2.73 and then reverse lower Trump State of Union in focus Key close for EURUSD ahead

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

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    USD higher as US yields break higher. Aggregate USD short grows for 4th straight week. Trump State of the Union, FOMC and US payrolls in focus this week.

    USD higher as US yields break higher Aggregate USD short grows for 4th straight week Trump State of the Union, FOMC and US payrolls in focus this week

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

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    USD on the backfoot again despite Trump stick save yesterday. Trump's Davos speech awaited along with US GDP/Cdn CPI. Mario Draghi's tone deemed not dovish enough.

    USD on the backfoot again despite Trump stick save yesterday Trump's Davos speech awaited along with US GDP/Cdn CPI Mario Draghi's tone deemed not dovish enough

    ... everywhere seem to be taking a back seat lately to the broader USD theme, when it comes to fundamental FX drivers, for various currency pairs.  Case in point with the US/CA 2yr spreads, which remain firm at +29bp (but it’s not helping USDCAD on...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

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    Rumored mystery USD buyer overnight. Mnuchin talking down USD again. ECB holds with Draghi press conference underway.

    Rumored mystery USD buyer overnight Mnuchin talking down USD again ECB holds with Draghi press conference underway

    ...e Mnuchin comments again towards 3am.  So it’s a little hard to say what turned the broader USD around here, but all currency pairs are now working on intra-day reversals as we write.  Copper exploded higher yesterday along with many other ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

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    USD slammed lower on Mnuchin comments. CAD benefits from Trump NAFTA soundbite. GBP surge continues.

    USD slammed lower on Mnuchin comments CAD benefits from Trump NAFTA soundbite GBP surge continues

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

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    Dovish BOJ fails to bring by USDJPY buyers. Sterling touches 1.40. CAD traders on NAFTA watch.

    Dovish BOJ fails to bring by USDJPY buyers Sterling touches 1.40 CAD traders on NAFTA watch

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

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    US govt shuts down. Key vote at noonET. BOJ on deck tonight for JPY traders. NAFTA talks resume tomorrow.

    US govt shuts down. Key vote at noonET BOJ on deck tonight for JPY traders NAFTA talks resume tomorrow

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

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    USD trying to recover amidst USDCNH breakdown and US govt shutdown fears. CAD quiet. BOJ, ECB, NAFTA talks in focus for next week.

    USD trying to recover amidst USDCNH breakdown and US govt shutdown fears BOJ, ECB, NAFTA talks in focus for next week CAD quiet

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

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    Bank of Canada's dovish 25bp hike later deemed more neutral. Mid-day USD meltdown saved by Apple headlines. Option expiries containing action in early NY trading.

    Bank of Canada's dovish 25bp hike later deemed more neutral Mid-day USD meltdown saved by Apple headlines Option expiries containing action in early NY trading

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of Canada in focus today. Broader USD trying to bottom on the charts. Australian jobs numbers on deck tonight.

    Bank of Canada in focus today Broader USD trying to bottom on the charts Australian jobs numbers on deck tonight

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

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    Broader USD catches small bid on slight uncertainty entering German political arena, and softer than expected UK core CPI. Key technical levels in focus.

    Broader USD catches small bid on slight uncertainty entering German political arena Softer than expected UK core CPI Key technical levels in focus

    ...gar - Director, FX Trading Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Broad USD selloff continues in thin MLK Day conditions. Bank of Canada in focus for CAD traders. USDCNH breaks down.

    Broad USD selloff continues in thin MLK Day conditions Bank of Canada in focus for CAD traders USDCNH breaks down

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

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    EUR surging on German coalition breakthrough. GBP following suit. Commodities lagging. US CPI/Retail Sales on deck

    EUR surging on German coalition breakthrough Commodities lagging US CPI/Retail Sales on deck

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

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    CAD hit by NAFTA headlines. China says Bloomberg report "could be based on wrong information". US yields softer

    CAD hit by NAFTA headlines China comments on Bloomberg report US yields softer

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

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    US bond yields break out, but USD broadly lower on speculation of China scaling back UST purchases. JPY surges on stop run, BOJ taper speculation.

    Dollar/CAD is holding up remarkably well Aussie had a poor NY close yesterday GBPUSD recovered smartly after the China headlines

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    BOJ taper panic sparks EURJPY sell off, pressuring EUR further, causing broad USD bid again.

    Dollar/CAD held steady yesterday as expected Sterling recovered nicely during the NY session yesterday EURJPY selling weighed on EUR

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    EUR technical selling leads broad USD bid to start week

    Dollar/CAD is starting the week steady Sterling has been quiet to start the week Dollar/yen is taking some heat this morning

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    All eyes on US payrolls and other data in a busy Friday session

    November Australian Trade balances figures released last night Dollar/CAD put in another poor performance yesterday JPY continues to be a victim of the tenacious global rally in stocks

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US ADP beats. USD still broadly offered on weak technicals. Global stocks surge, hurting JPY

    US ADP beats USD still broadly offered on weak technicals Global stocks surge, hurting JPY

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD struggling to find support. EUR & GBP off on JPY cross demand. Traders eyeing US ISM and FOMC minutes

    USDCAD struggling to find support EUR & GBP off on JPY cross demand Traders eyeing US ISM and FOMC minutes

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,gbp,eur,cad,jpy,currency news,foreign currency market analysis,currency market rates

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    USD falls apart during holidays. Breakdown continues today, led by EUR. Markets still thin, technically driven, awaiting key data on Wed & Fri

    USD falls apart during holidays Breakdown continues today, led by EUR Markets still thin, technically driven, awaiting key data on Wed & Fri

    ...n as being overextended once again, but the net position really hasn’t changed much in recent weeks.  Like the other currency pairs, we feel today’s move is more flow and technical driven.  Japan was out on holiday today, further exac...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Broader USD looking shaky going into holidays. Massive option expiries today for AUDUSD & USDJPY. CAD traders awaiting Cdn GDP.

    Broader USD looking shaky going into holidays Massive option expiries today for AUDUSD & USDJPY CAD traders awaiting Cdn GDP

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    CAD in focus today with Cdn CPI/Retail Sales on deck. EURUSD techs improve. BOJ keeps monetary policy unchanged.

    CAD in focus today with Cdn CPI/Retail Sales on deck EURUSD techs improve BOJ keeps monetary policy unchanged

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    US yields, USDJPY breakout on House/Senate passage of US tax reform. USDCAD stalls on charts ahead of key Cdn data points. EUR, AUD and GBP holding gains in quiet trade.

    USDJPY breakout on House/Senate passage of US tax reform USDCAD stalls on charts ahead of key Cdn data points EUR, AUD and GBP holding gains in quiet trade

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets rangebound ahead of holidays and option expiries. US tax bill update, BOJ, Cdn data expected later this week

    Markets rangebound ahead of holidays and option expiries US tax bill update, BOJ, Cdn data expected later this week Traders rescued sterling yesterday

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD bid. EUR mixed as net longs hit 10yr high. Options in play in AUD and GBP near term.

    USDCAD bid EUR mixed as net longs hit 10yr high Options in play in AUD and GBP near term

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    CAD traders caught off guard by Poloz speech. AUD holding gains. EUR quiet. USDJPY longs licking wounds

    CAD traders caught off guard by Poloz speech AUD holding gains USDJPY longs licking wounds

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD & US yields lower post Fed hike. AUD jobs smash expectations. BOE & ECB keep monetary policy unchanged. US Retail Sales & Mario Draghi presser on deck

    USD & US yields lower post Fed hike AUD jobs smash expectations. BOE & ECB keep monetary policy unchanged.

    ...tes three more times next year.  With that, US yields backed up and the broader USD made a concerted push lower across all currency pairs.  The Bank of England just announced (at 7amET) no change to interest rates, leaving them at 0.50%, and that...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    All eyes on the Fed today. Markets expecting 25bp hike.

    All eyes on the Fed today Markets expecting 25bp hike Aussie continues to hold its M&A related gains yesterday

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    AUD bid on M&A. Broader USD range bound to weaker ahead of US FOMC tomorrow.

    AUD bid on M&A Broader USD range bound to weaker ahead of US FOMC tomorrow Australian NAB survey comes in light

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD quiet to start week. Action packed week ahead with data and central bank meetings/speakers.

    USD quiet to start week Action packed week ahead Euro/dollar is starting the week with a strong bid

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Deal reached between UK&EU on phase 1 of Brexit divorce. US Payrolls report up next.

    Deal reached between UK&EU on phase 1 of Brexit divorce Aussie now sits at its lowest point since June US Payrolls report up next

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    CAD hit on another dovish BOC rate hold. USD broadly bid. US payrolls in focus for tomorrow.

    CAD hit on another dovish BOC rate hold USD broadly bid US payrolls in focus for tomorrow

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Bank of Canada in focus for CAD traders. EUR traders marking time ahead of US payrolls. Brexit uncertaintly hurting GBP.

    Bank of Canada in focus for CAD traders EUR traders marking time ahead of US payrolls Brexit uncertaintly hurting GBP

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    GBP traders sell the Brexit resolution hype. USDCAD struggling to find support. AUD bid.

    GBP traders sell the Brexit resolution hype USDCAD struggling to find support AUD bid

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDCAD slammed lower from Cdn jobs/GDP data. USDJPY and US stocks recover from Michael Flynn headlines. GBPUSD traders pumped up about Brexit talks today in Brussels. RBA rate decision on deck for Aussie traders

    USDCAD slammed lower from Cdn jobs/GDP data USDJPY and US stocks recover from Michael Flynn headlines GBPUSD traders pumped up about Brexit talks today

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Roaring US stocks save USDJPY yet again. EURUSD recovers. USDCAD bid continues with traders now eyeing the Cdn GDP on Cdn jobs reports.

    Roaring US stocks save USDJPY yet again. EURUSD recovers. USDCAD bid continues with traders now eyeing the Cdn GDP on Cdn jobs reports.

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    OPEC agrees on oil supply cut extension to end of 2018. Oil off high of day. USDCAD hovering near highs.

    OPEC agrees on oil supply cut extension to end of 2018 Oil off high of day USDCAD hovering near highs

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD shorts readjust ahead of Yellen today and OPEC tomorrow. GBP volatile but now higher post Brexit divorce settlement headlines. USDCAD on verge of upside breakout.

    USD shorts readjust ahead of Yellen today GBP volatile but now higher post Brexit divorce settlement headlines USDCAD on verge of upside breakout

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    $USD resumes offered tone to start week, with $EUR leading. Busy week ahead for markets. USDCAD range bound to lower near-term.

    USD resumes offered tone to start week, with EUR leading. Busy week ahead for markets. USDCAD range bound to lower near-term.

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Dovish FOMC minutes changes the tide for the broader $USD. $AUD, $CAD, $EUR, $GBP, $JPY all now looking technically stronger. Liquidity still at a premium in holiday trade.

    Dovish FOMC minutes changes the tide for the broader $USD. $AUD, $CAD, $EUR, $GBP, $JPY all now looking technically stronger Liquidity still at a premium in holiday trade.

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    (Draft) Broader $USD quiet ahead of US Thanksgiving. USDCAD influenced by options/cross sales. USDJPY position liquidation continues

    Broader USD quiet ahead of US Thanksgiving USDCAD influenced by options/cross sales USDJPY position liquidation continues

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Broader $USD quiet ahead of US Thanksgiving. USDCAD influenced by options/cross sales. USDJPY position liquidation continues

    Broader USD quiet ahead of US Thanksgiving USDCAD influenced by options/cross sales USDJPY position liquidation continues

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    EURUSD lower again on German political uncertainty. USDJPY & AUDUSD recover. USDCAD traders watching improving techs, but cross sales now weighing.

    German Political Uncertainty Grows, EUR Traders Now Selling AUD Gets A Lift On Comments From RBA's Lowe, But Techs Still Weigh USDCAD Techs Continue to Improve, However Cross Sales Weighing Today

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    German politics in focus for $EUR traders. $JPY shorts at new high as #USDJPY recedes. Quiet week expected ahead. US Thanksgiving on Thursday.

    Coalition talks break down in Germany, but EUR shrugs off after initial dip JPY shorts (USD longs) at yet another multi-year high Quiet economic calendar ahead this week. US Thanksgiving on Thursday

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    $AUD breaks lower. $EUR & $GBP rangebound. $JPY at key support. $CAD traders await CPI

    USDCAD traders await Canadian CPI More range trading ahead for EURUSD and GBPUSD USDJPY testing key support

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    $EUR traders take profit. Global equities & USDJPY recover. $CAD traders watching cross flows, Cdn CPI in focus tomorrow.

    There’s not much going on with CAD. Sterling continues to chop around. US stocks snapped back again.

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    $EUR surges higher on technical break. #USDCAD supported by cross buying. Big day for $AUD ahead.

    Australian Wage Price Index comes in weaker than expected UK employment figures were a mixed bag Buyers are stepping up to the plate in USDCAD, encouraged by CAD selling on the crosses.

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    $EUR breaks higher. Central bankers don't say much in Frankfurt. COT shows extending JPY positioning.

    AUDUSD may drift a little higher. Not much going on in CAD over the last 24hrs. An impressive day to say the least for EURUSD.

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    $GBP knocked down again by UK/Brexit drama. Broader $USD quiet. Central bankers in focus tomorrow in Frankfurt.

    It’s been a quiet start to the week for CAD Negative headlines out of the UK A very quiet start to the week for EUR as well

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Markets and $USD quiet. Equities recover. $GBP bid. #USDCAD at critical support.

    Dollar/CAD now sits at critical support in the 1.2660s Euro closed above the key 1.1620-25 resistance level yesterday Sterling was really the only market moving around a bit overnight

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    $USD broadly offered, $JPY bid as global equities see selling. Traders watching EUR techs.

    Dollar/CAD is breaking some technical support here in London trade Watch for Brexit headlines today and UK data tomorrow morning Dollar/Yen bulls put up a fight yesterday

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDJPY starting to turn. EURUSD steady. USDCAD weighed down by cross flows again. $CAD $EUR $USD $JPY $GBP

    Dollar/CAD holds true to its new range-bound trading pattern UK is dealing with a bit of political turmoil Dollar/yen traders are giving up a little bit overnight

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    $USD broadly bid. $EUR and $AUD traders resume selling. $CAD traders watching Poloz today.

    Reserve Bank of Australia delivers a dovish hold on interest rates yet again overnight Today is all about Poloz Technical selling pressure continues to weigh on the Euro

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USDJPY reversing off highs. EURUSD sales continue. USDCAD finds support. Quiet week ahead. $CAD $JPY $EUR

    US NFPs disappoint on Friday USDJPY tries to break higher overnight GBP fighting to get back into a range trade

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    USD mixed ahead of data heavy US session. Option traders predict no excitement.

    USD mixed to higher as markets await data-heavy morning ahead. AUD softer on weaker than expected Australian retail sales. EUR and JPY stuck at familiar levels with large option expiries today.

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    $USD range-bound ahead of FOMC. $GBP bid ahead of BOE. $CAD sees liquidations.

    AUD still capped by technical resistance GBP holds yesterday’s gains USDJPY the laggard yesterday as US yields back up further

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    $USD quiet to start week. Busy calendar this week for econ data/central bank speak

    USD starts the week mixed as markets digest recent moves GBP leading with traders expecting a rate hike from BoE EUR holding up well despite weak technicals and negative news

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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    ECB gives market super dovish taper. $EUR lower. $USD broadly higher. US GDP on deck.

    ECB gives the market an even more dovish taper than was expected EURCAD breakout derailed for the time being GBPUSD back at range lows

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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    BOC leaves rates on hold with dovish tone. $CAD sells off again. ECB policy meeting up next.

    Bank of Canada leaves rates unchanged and adopts a more dovish tone into year end JPY traders watching key technical level in EURJPY GBP backing off a bit on some soft retail sales data

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  • (News by tags)
    $AUD weak. $GBP bid. $CAD testing key levels. BOC decision 10amET

    AUD weaker on lower than expected Australian CPI, technicals weigh EUR marking time ahead of the ECB tomorrow CAD follows AUD weaker overnight

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

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    USDJPY higher. $NZD dragging down $AUD and $CAD. Week's main events still to come

    USD demand noted again overnight with US yields and USDJPY leading NZDUSD sales dragging AUD and CAD lower Traders not responding well to New Zealand PM’s call

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    USDJPY leads $USD higher to start week. Bank of Canada & ECB in focus this week

    USDCAD starts the week steady but with an upward bias EURUSD is getting sold again this morning USDJPY is leading the USD higher today

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    US Senate passes blueprint for tax reform. $USD bid. $CAD traders focused on CPI/Retail Sales.

    US Senate passes blueprint for 2018 budget Traders bid up USD across the board in Asia Yellen speaking after the close of NY trading today

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    $USD broadly weaker in news heavy overnight session. US stocks, $JPY in focus. $EUR bid.

    AUD higher on stronger than expected Australian employment figures GBP sees some selling on much weaker than expected UK Retail Sales JPY rallies strongly as the Nikkei makes a blow off top

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    US yields higher again, helps #USDJPY. $EUR sagging. $GBP mixed. #USDCAD weak on technicals.

    Rising US yields are the feature again overnight Sterling all over the place after the UK releases employment figures USDCAD weaker on technicals

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Taylor now a Trump favorite for Fed Chair. $USD bid. $GBP weighed down by Carney.

    EUR weighed down further by weak technicals, cross selling GBP can’t hold bid from in-line UK CPI USDCAD up on rising US yields

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    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    $CAD offered to start week as net longs at 5yr high. Cross buying EURCAD and GBPCAD.

    The broader USD starts the week mixed Austria elects non-establishment Kurz over the weekend EUR net long extends to highest since 2011 as longs add

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Barnier knocking around $GBP traders. $EUR looking heavy. US CPI/Retail Sales 8:30am.

    GBP looking better on the charts across the board JPY sees some demand overnight CAD is steady after lackluster trade yesterday

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    $USD trading mixed ahead of US PPI. $GBP slammed lower on Brexit impasse comments

    Nothing new learned from the FOMC minutes yesterday Powell now out front as the next Fed Chair USD trading mixed ahead of US PPI

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Catalonia defers independence. $EUR holding bid. Broader $USD mixed. FOMC minutes today.

    Dollar/CAD continues to waffle around the 1.25 handle EURCAD and GBPCAD flows have been supportive so far this week Traders watching Spain’s response now

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    North Korea fears spark $USD reversal, Yuan strength leads to start week $CNY

    USD now firmly lower from Friday's levels The Yen is tracking gold higher Traders noting a heavy week of option expires ahead

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    It's jobs Friday! NFP/Cdn employment on deck. $USD shorts to get tested further. $EUR $GBP $CAD $AUD $JPY

    Sterling is headed for its worst week in a year The Euro probed lower overnight Dollar/yen has renewed its upward march

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    $AUD lower on Retail Sales. No love for $GBP. NFP looms

    US stocks trade to yet another record high GBPUSD cracks below the 1.3225 USDJPY marginally weaker overnight

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    US yields and $USD weaker overnight as Trump reveals short-list for next Fed chair $CAD $EUR $JPY

    Asia offers up USD across the board AUDUSD the clear winner overnight USDCAD drifts lower on not much else than the broader USD weakness

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    RBA stands pat. $EUR and $AUD bounce. $CAD stuck with crosses weighing.

    AUDUSD probes below the 78 handle for a third time EURUSD makes a new low overnight below 1.17 Hearing talk overnight that a large macro fund bought USD across the board

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    $USD bid on positioning, UK PMI miss and Catalan news $EUR $GBP

    USD starts the week with a strong contrarian bid tone CAD and AUD longs continued to take heat post FOMC A reminder China is closed this week for Golden Week

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    $USD trading mixed with month-end flows & option expiries. Cdn GDP in focus for $CAD.

    AUDUSD trying to bottom with a strong bounce off 0.7800 GBP weaker yet again in London trading Technical resistance proved formidable for USDCAD yesterday

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,aud,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Dovish Poloz slams $CAD. $GBP finding support. $EUR bid amid option expiries.

    CAD craters on dovish comments from BOC Poloz S&Ps trade to new record on Trump tax plan GBPUSD gives up the NY low again overnight

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Broader $USD resumes rally after mixed message from Yellen. $CAD traders eyeing Poloz speech.

    Mixed messages from Yellen’s speech yesterday Technical selling re-emerges in EURUSD during European trading Aussie tracks the EUR lower, testing the 0.7850

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    Blame it on the $JPY

    Declaration of war rhetoric from North Korea GBPUSD barely hugging onto bullish thesis Distillate-led rally in oil prices having no effect on commodity currencies.

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

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    EUR and NZD Under Pressure Post Elections

    EUR and NZD weaker to start week GBP shorts covered big time post BOE Quiet Monday with Draghi on the wires at 9am

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,nzd,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    May Saves The Day. GBP Bid Returns, EUR and CAD Follow Suit.

    UK’s Theresa May saves the pound yesterday. Politics center stage this weekend. Oil market is watching for any developments today.

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Currency Market Trend Analysis: September 21, 2017

    Get insights with your morning coffee. A daily feed of currency market highlights, calendar of impactful reports and events, and market trends in bite size nuggets.

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Currency Market Trend Analysis: September 20, 2017

    Get insights with your morning coffee. A daily feed of currency market highlights, calendar of impactful reports and events, and market trends in bite size nuggets.

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Currency Market Trend Analysis: September 19, 2017

    Get insights with your morning coffee. A daily feed of currency market highlights, calendar of impactful reports and events, and market trends in bite size nuggets.

    ... Erik Bregar - Trader Erik works with corporations and institutions to help them better navigate the currency markets. His desk provides fast, transparent, and low cost trade execution; up to the minute fundamental and technical ...

    Tags: usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates