Breaking News: EUR/USD Rallies To 4-Week High

German economic data suggested ECB’s tightening to arrive soon, buy EUR/USD? There is no visible resistance between the current level of EUR/USD and 1.20, suggesting the recent gains in euro could continue. Yesterday’s data showed Germany’s flash GDP estimate climbed at the pace of 0.8% in the third...

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Who Will Be More Hawkish, ECB Or Fed?

Euro Zone may report sound economic data this week, buy EUR/USD? Central bankers’ panel talk will be highly watched Top four global central bankers, including ECB Mario Draghi, Fed Janet Yellen, BOJ Haruhiko Kuroda and BOE Mark Carney will form a panel on Tuesday at an ECB-hosted conference...

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3 Phases of Achieving Mastery

What does it take to be successful? Let me ask that question more specifically. What does it take to attain mastery in a subject? Any subject. In his book Outliers, Malcolm Gladwell explores why some people succeed, living remarkably productive and impactful lives, while so many more never...

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Euro Plunges 240 Pips!

ECB extended QE, Sell EUR/USD at rally? ECB will extend its monetary stimulus program until September of 2018 ECB decided last week to cut the level of the monthly bond purchases. The purchases will fall to 30 billion euros from the current level of 60 billion euros, starting in January 2018. The...

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ECB Meeting May Push Euro Higher

ECB may announce QE unwinding plan this week, buy EUR/USD? Recent gains in dollar may end soon if ECB hints QE unwinding plan this week The dollar index started to rebound since early last month. One of the main reasons was ECB President Mario Draghi showed no rush to tighten monetary policy. Many...

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Kiwi Plunges More Than 140 pips!

Huge sell-off in kiwi dollar unlikely to stay, buy NZD/USD at dips? New Zealand dollar largely sold off after Jacinda Ardern became New Zealand’s youngest prime minister in more than 150 years. We expect the sell-off to be short-term. For past political events such as Brexit and US election, pound...

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Aussie May Rise On Upbeat China 3Q GDP Data

China 3Q GDP could reach 6.9%, buy AUD/USD? China 3Q GDP could beat consensus which stands at 6.8%, any number above that could send AUD/USD higher. 3Q GDP data will be released on 19 October, 10am (GMT +8). Despite some monthly high-frequency data suggested 3Q GDP could be at 6.8%, actual data could...

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Post-Hurricanes Buy Dollar Opportunity

Fed positive outlook could boost the dollar this week. Sell Gold? Below-estimate US data could be purely due to bad weather, not driven by economic fundamentals US dollar recovered from a sell-off against a basket of currencies after a lower-than-expected inflation report. After all, CPI data is...

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