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Aussie gains as unemployment hits 6-1/2 year low

  Unemployment lowest since 2012 While the headline number of jobs Australia added in September was a disappointment, it was the details and the accompanying unemployment data that stirred Aussie bulls. Australia added a mere 5,600 jobs last month, the least in two months, but the breakdown showed that 20,300 full-time jobs were added versus […]

Dollar in holding pattern; Asian equities follow Wall Street

A public holiday in Hong Kong ensured that today’s Asia session was a slow and steady one. Equity markets mostly took their cues from the strong Wall Street close, while the US dollar held near two-week lows, though it looks set for its second weekly decline in a row. In the G-10 space, the kiwi […]

Live FX Market Analysis – 16 October 2018 (Video)

It’s been another turbulent week in FX markets with last week’s sell-off suitably spooking investors, Saudi Arabia causing a stir following allegations of murder at its embassy in Turkey, Brexit talks stalling and Italy risking the wrath of the European Commission after submitting its budget. Senior Market Analyst Craig Erlam discusses all of these and […]

Pound suffers on Brexit stalemate

  Pound pressured at start of the week Weekend news that the latest Brexit negotiations had hit yet another stalemate pressured the pound at this week’s open. UK’s Financial Times reported that PM May is said to call the current draft Brexit deal a “non-starter” and as a result EU leaders may cancel plans for […]

Gold gains most in more than two years

Gold is back in favor The safe haven of gold, very much unloved over the past few months as it stood in the dollar’s shadow, saw its fortunes reverse yesterday to record the biggest one-day gain in almost 2-1/2 years. A weaker US dollar amid easing US yields and a below-forecast CPI print, reduced demand […]

AUD/USD & GBP/USD – Poised for a rally? (video)

Nick Batsford, CEO of Core London is joined via Globelynx by Craig Erlam, Senior Market Analyst at OANDA to look at AUDUSD and GBPUSD chart. Both have been trending lower for some time and Craig discusses why he thinks a move higher may not be too far away. USD/CAD – Canadian dollar edges higher ahead […]

Aussie struggles near lows even as retail sales beat estimate

AUD/USD fails to advance AUD/USD was only given a temporary respite from the four-day selling pressure after a better-than-expected print for retail sales. Sales rose 0.3% m/m, a faster pace than the 0.2% economists had expected and represented the eighth straight month that the number has not been negative. So, spending appears to be steady, […]

AUD/USD breaches 0.71 despite positive trade data

AUD/USD through 0.71 Despite an expansion in Australia’s trade surplus and a better than expected print, the Aussie could not gain any benefit as the US dollar continues its upward trek. The trade surplus grew to A$1.6 billion in August, up from A$1.55 billion the previous month and higher than economists’ forecasts of a decline […]

Euro jumps as Italy revises budget plans

Euro jumps on Italy budget headline Italy is trying hard to convince the rest of Europe that its move to increase the deficit-to-GDP ratio to 2.4% in 2019 is only a temporary move. Today, the Italian press reported that the government aims to get it back down to 2% by 2021. This is contrary to […]

Live FX Analysis – 25 September 2018 (Video)

In this week’s FX webinar, Senior Market Analyst Craig Erlam discusses the upcoming Federal Reserve meeting and provides and update on Brexit and trade wars. Craig also gives his live analysis on EURUSD (12:04), GBPUSD (17:23), EURGBP (22:05), AUDUSD (24:38), USDCAD (27:24), GBPCAD (28:30), NZDUSD (29:54), USDJPY (30:47), GBPJPY (32:31) and EURJPY (34:25). WTI Lower […]