FX Daily, January 22: Dollar Remains Heavy
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Author: Marc Chandler
Categories: FX Trends
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The US dollar closed last week on a firm note, but it has been unable to build on its gains to start the new week. News that Germany's SPD agreed to enter formal negotiations with Merkel's CDU/CSU alliance saw the euro open in Asia around a half a cent higher. However, sellers emerged near $1.2275 but seemed to lose their nerve as the pre-weekend low near $1.2215 was approached.
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Weekly Technical Analysis: 22/01/2018 - USD/JPY, EUR/USD, GBP/USD, USD/CHF
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Author: Raffi Boyadjian
Categories: FX Trends
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The USDCHF pair found solid support at 0.9564 barrier, which forced the price to rebound bullishly to approach testing the key resistance 0.9655, met by the EMA50 to add more strength to it, while stochastic shows clear overbought signals now.
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FX Weekly Preview: ECB and BOJ Meetings Could be Key to Dollar Direction
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Author: Marc Chandler
Categories: FX Trends
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The US dollar has been marked lower since the middle of last month. It flies in the face strong growth, rising inflation expectations, and greater conviction that the Fed will continue to raise interest rates this year. Moreover, an oft-cited knock on the dollar, the widening current account, may be offset this year by the impact from US corporations repatriating earnings that have been kept offshore.
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Emerging Markets: Week Ahead Preview
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Author: Win Thin
Categories: Emerging Markets
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EM FX ended last week on a soft note, but still enjoyed a relatively positive tone for the week as a whole. Best performers last week were MXN, ZAR, and CNY while the worst were ARS, TRY, and CLP. With little on the horizon to give the dollar some traction, we think EM FX will likely continue to firm this week. However, we again urge caution and look for divergences within EM.
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US Gold Reserves, Of Immense Interest to Russia and China
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Author: Ronan Manly
Categories: Ronan Manly (Bullionstar)
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Recently, Russian television network RT extensively quoted me in a series of articles about the US Government’s gold reserves. The RT articles, published on the RT.com website, were based on a series of questions RT put to me about various aspects of the official US gold reserves. These gold reserves are held by the US Treasury, mostly in the custody of the US Mint. The US Mint is a branch of the US Treasury.
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What About 2.62percent?
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Author: Jeffrey P. Snider
Categories: The United States
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There’s nothing especially special about 2.62%. It’s a level pretty much like any other, given significance by only one phrase: the highest since 2014. It sounds impressive, which is the point. But that only lasts until you remember the same thing was said not all that long ago.
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