ATF Trading Room

ECB Puts the EUR Back Under Pressure, the Ball is Now in the Fed’s Court

The map of Europe on the face of a two Euro coin

The initial results from the Italian referendum may have failed to add additional pressure on the EUR but the European Central Bank's decision to expand its QE program until December, 2017, did the job later in the week. The ball is now in the Fed's court...

 

USD Stages a Rally against the EUR and JPY During a Volatile Week

Capitol

Trump's victory reverses eight days of a sell-off in the markets and spurs USD rally against the EUR and the JPY. Recent U.S. economic data also raises the odds of an impending rate hike at the Fed's next meeting on December 14...

 

Forex News

No Help for the USD from NFP Data but EUR Uncertainty Still Looms

Jobs

A decent NFP report showing the U.S. economy adding 178k new jobs in November and the unemployment rate falling to a nine-year low of 4.6% failed to lend support to the USD, as markets focus on the outcome of the Italian referendum...

 

Janet Yellen’s comments on Fed rate hike and indicators keep USD thriving

738px-Victor_Dubreuil_-_Barrels_on_Money,_c._1897_oil_on_canvas

The EUR continued its descend as the USD got additional boost by inflation data and the Fed Chair Yellen’s hawkish comments that a rate hike may come "relatively soon". Fed fund futures now price the odds of a December hike at about 100%...

 
 

Forex Outlook

The Week in Focus: Dec. 5 – 9 Outlook

ECB Draghi3

If the Italian electorate says 'No' at this Sunday's referendum, there will be downside risks for the euro, especially given the danger of renewed political instability. Will Dr. Draghi extend the therapy at the upcoming ECB Council meeting?..

 

The Week in Focus: Nov. 28 – Dec. 2 Outlook

USD EUR GBP Image

Next week's forthcoming US economic data are likely to confirm that the Fed's targets are coming closer within reach, substantiating expectations of a December Fed hike. Since the presidential election, the USD index has gained more than 3.5%...

 

Forex Research

How could the “Italian Roulette” impact the EUR?

Beppe Grillo

With the EUR nearing important long-term support at $1.0469, a negative outcome of the "Italian Roulette" game in early December could very well serve as a catalyst for further weakness of the single currency against its major counterparts...

 

Post Brexit Fed, ECB, BOE and BOJ Watch

G20meeting

The world seems different these days following the Brexit vote and two days of a sell-off in the markets. The GBP is at its lowest level in three decades and the safe haven currencies are back in demand. So, what's next for the major central banks?

 

Bloomberg TV