The Dollar in the Week Ahead

The US dollar bottomed against nearly all the major currencies on May 3. The hawkish April FOMC minutes that began swaying opinion about the prospects for a summer rate hike were not published until two weeks later, and the confirmation by NY Fed President Dudley was not until May 19. Neverthel… FF All News

EUR/USD Forecast May 30 – June 3

EUR/USD was on the back foot once again, but never went too far. The ECB stands out in a very busy week. Will the pair accelerate its falls or recover? Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The Eurogroup meetings ended with a providing G… … Continue reading EUR/USD Forecast May 30 – June 3

G7 Summit: Finance Ministers Prioritize Global Growth despite Differences Over Currency, Stimulus Policies

Finance leaders from the Group of Seven advanced economies vowed on Friday to tackle global growth woes, despite underlying differences on issues related to currency intervention and monetary policy. “Global growth remains moderate and below potential, while risks of weak growth persist,” the G7 … FF All News

A paradigm shift is under way on deficits

If you can print your own money, you can issue unlimited. The only risks are inflation and a decline in the currency. It just so happens that inflation and a decline in the currency are exactly what many governments want. In the developed world, inflation is non-existent and the currency war r… FF All News

Speculators Slash Yen and Aussie Longs

There were only two significant speculative position adjustments in the latest CFTC reporting week ending May 24. Speculators liquidated 31.4k gross long yen contracts, leaving the bulls with 54.8k contracts. It is the largest weekly adjustment since last September. Speculators have not been pa… FF All News

French prime minister vows to stand firm and ‘go to the end’ against ‘radical’ strikers

France’s prime minister vowed on Saturday to “go to the end” in his confrontation over labour reforms with a hard-left union that is threatening to disrupt the Euro 2016 football tournament. With a resolve that previous leaders have often lacked while trying to modernise the economy, Manuel Valls… FF All News

Dollar Maintained Strengthen as Fed Yellen Affirmed Near Term Hike, Key Data Watched

Dollar continued to be supported by hawkish comments from Fed officials last week. And the remarks by Fed chair Janet Yellen on Friday added to case that Fed will raise interest rate soon. And judging from the overall comments, the rate hike will come either in June or July. Fed fund futures are… FF All … Continue reading Dollar Maintained Strengthen as Fed Yellen Affirmed Near Term Hike, Key Data Watched

Gawker privacy lawsuit evolves into battle of tech billionaires

Billionaire media owner Pierre Omidyar is backing news and entertainment web site Gawker Media in its lawsuit against wrestler Hulk Hogan, adding a new twist to a case pitting technology money against press freedom. Omidyar, owner of The Intercept publisher First Look Media, is asking other media… FF All News

Week Ahead: Selective USD Gains To Extend Into NFP Release

The policy divergence trade is back with a vengeance and investors are scrambling to buy USD against other G10 currencies. We suspect that the USD resilience will extend into next week ahead of the important US NFP release. The focus, as per usual, will be on earnings data, with investors looking… FF All News