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05 Apr BirthFXStreet offers live FX rates and charts, news, economic calendar, market analysis and more.
Spain 05 Apr Birth
Could a mini Colombian peso currency crisis be coming?
Summary We believe conditions are forming where the Colombian peso could experience a mini currency crisis in the near future. Just recently, Colombia's central bank turned less hawkish and President Petro suggested an unorthodox replacement for interest rate hikes, both developments that placed dep
Focus on Eurozone sovereign bond spreads, as it is an essential factor for valuing the Euro
As interest rates rise across countries, Eurozone sovereign bond spreads are back in the spotlight and of great interest to analysts, investors, traders and policymakers. When bond spreads converge or diverge, the explanation relates to the divergence or convergence countries have with each other re
What's next for Japan and the Yen?
Summary Japan's economy has been reasonably resilient so far in 2022. Growth has been moderate, although confidence surveys suggest mixed prospects for different economic sectors, consistent with only moderate growth ahead. We also expect relatively contained inflation going forward as well. While p
Stocks push lower following solid US jobs report
Equities have dropped for a second day, as a healthy set of US job numbers dashes hopes of tempering in the Fed’s hawkishness. Stocks drop back following non-farm payrolls “Those hoping for a Fed pivot have been sorely disappointed with today’s job numbers, which have confirmed that US economy conti
Pound licks wounds as uncertainty persists
GBP/USD bounces after government U-turn Sterling recouped losses after investors found relief in Britain’s reversal on tax cuts. The original plan of a largely unfunded fiscal package had triggered a flight to safety. But buyers of Sterling-denominated assets were quick to return to the table after
NFP unlikely to sway the USD one way or the other – TDS
The September employment gain was not too far off relative to consensus. NFP should be broadly neutral for the USD at this time, in the opinion of economists at TD Securities. USD/JPY above 145 risks yen-tervention “We do not think today's report will do much to sway the USD one way or the other. At
Really no pivot
S&P 500 was again rejected on the upside, closing near the bottom of my 3,770s – 3,720s range aka no-man‘s land amid weakening bonds – weakening, but not yet considerably weak. The dollar though is solidly back in the upswing mode as long-dated Treasuries are flirting with the recent lows again.
Silver futures price divergence [Video]
In this week’s Live from the Vault, Andy Maguire exposes the Chinese and Indian deep-pocket traders who aggressively capitalise on the $1000-per-contract silver futures price divergence. As the COMEX-driven backwardation reaches unprecedented extremes, the London wholesaler analyses the increasing p
USD/JPY trying to break 145 after solid jobs data
The USDJPY pair was attacking the critical resistance zone between 145 and 146, where the Bank of Japan intervened several days ago. As of writing, the USD traded somewhat higher on the day, boosted by today's US labor market data. US jobs market remains solid The headline non-farm payrolls came in
Jobs market cooling, but a long way to go before slack is back
Summary Nonfarm payrolls nearly matched consensus expectations with a 263K gain in September. Job gains were largest in some of the hardest-hit pandemic sectors, such as leisure and hospitality and healthcare. The unemployment rate returned to a 50-year low of 3.5% through a combination of solid job
USD/CAD set to extend its drop below 1.3690 support – Scotiabank
The loonie firms modestly ahead. Economists at Scotiabank expect the USD/CAD pair to slide below 1.3690 in the near-term. Broader outlook is somewhat mixed “USD/CAD cast a marginally negative look to the very short-term charts, with the USD testing the 1.3750 twice before edging lower. That trend ra
USD/CAD will inevitably trade higher towards 1.40 – TDS
Dual US and CA employment reports largely delivered on consensus expectations – leaving a broadly neutral impact on the USD. But economists at TD Securities expect USD/CAD to edge higher towards 1.40. Looking to 1.40 as the next major target “The takeaway is that while both reports show signs of som
USD/JPY slides below 145.00 following a positive US jobs report
The US economy added 263K jobs to the economy while the unemployment rate ticked lower. The USD/JPY dived towards 144.66 following the US NFP release and recovered some ground. The US 10-year T-bond yield edges towards 3.90%, usually a tailwind for USD/JPY traders, which remain cautious after Septem
Prioritizing democracy: Throw the bums out
Let me not mince words. I’m disgusted by the fact that the Republican party nominated Herschel Walker for a seat in the US senate – and that he actually has a chance of winning. I’m disgusted, but I understand it. It’s simply a cynical tactic. Walker’s limitations are so apparent that even members o
Pivot talk is officially dead
Outlook: Pivot talk is officially dead. Formerly dovish Minneapolis Fed Kashkari said the Fed is "quite a ways away" from pausing its rate-hike cycle. Chicago’s Evans said the rate will probably reach 4.5-4.75% by next spring. New member Cook said more hikes are needed to tame “stubbornly high infla
Pull-up Update
