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European Commission President Jean-Claude Juncker recently crossed the wires saying that the EU wouldn't oppose an extension to Brexit if the UK were to request it. Juncker further added he had no time frame in mind for the length of a possible extension.…
Analysts at the Research Department at BBVA, believe that the Central Bank of Turkey will wait to start the easing cycle after it decided on Saturday to reduced the reserve requirement ration by around 100bps.
Key Quotes:
“The CBRT has maintained the tightening stance after the bold rise in interest rates last September (625 bps to 24%) in order to gradually restore…
US Dollar Index stays in the negative territory below 97.
ECB's Praet says the ECB could change guidance.
Coming up: ZEW Economic Sentiment for Germany and the eurozone.
The EUR/USD pair took advantage of the broad-based USD weakness and started the week on a positive note to extend its rebound from the 4-month low that it touched last Friday. However, the lack of…
The Mexican peso failed today to break the 19.20 support area. USD/MXN bottomed at 19.19 and turned to the upside.
It is moving in a new higher range between 19.20 and 19.45, with a bullish bias as price holds above the 20-day moving average. The US dollar needs to break and hold on top of 19.45 to clear the way to more…
Gold has continued its advance and is taking on the 78.6% Fibo (1322) of the 2018 swing highs and 2019 swing lows, positioned through the Fibo scoring a high of 1327, up from a low of 1320.
The greenback is tucked in below the 97 handle, correcting off the London session lows of 96.65, tarnished by optimism over Sino/US trade talks…
Top-down market themes will continue to drive FX-moves and sentiment this week with US-China trade wars, potential EU auto-tariffs and FX volatility all battling for headline space.
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There are several ‘high’ rated events on the calendar over the coming week, but most of them are clustered together on Thursday.
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The Yen and US Dollar may rebound as hopes for a breakthrough in the US-China trade war give way to worries about a looming hike in auto import tariffs.
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