Daily

European markets in reverse as Thursday’s ECB announcement continues to digest. European equity markets regained losses its previous day’s losses on Friday with the DAX up 3.51% and the FTSE 1.71%. Despite Central Banker Draghi’s announcement of a larger than expected policy easing, the EUR rallied and equities tumbled. Analysts… read more

European markets shook overnight as the ECB announced plans for further Eurozone stimulus. European Central Banker Mario Draghi’s aggressive easing package included plans to increase the QE program by an extra 20 Billion EUR per month and cut the headline interest rate to zero. The Bank has struggled to achieve… read more

This morning’s RBNZ decision to cut rates caught traders and analysts off guard. The surprise move sent the NZD/USD tumbling from a pre-announcement level of 0.6790 to 0.66430. The central bank managed to accentuate the selling by pointing to the potential for further policy easing to ensure future inflation levels… read more

Commodities weakness across the board with WTI Oil -4.35%, Copper -3% and precious metals down almost 2%; as traders doubt whether the rally is sustainable.  China’s latest trade balance data shows a further deterioration in exports of -25.4% year to year and imports -13.8%. As China is the world’s manufacturing… read more

The Australian dollar continued its impressive rally, soaring to 0.7484 up 0.8%, six days upside in a row. This is backed by commodities uplift as iron ore jumped 19%, the biggest daily gain since 2009 and WTI Oil up 5.7%. Traders are surprised by the jump, as market reacted to… read more

Risk appetite improved on Friday night as key US data outperformed expectations. US employment data was released on Friday night showing a strong headline number of 242k non-farm jobs created vs 195k expected, as well as positive revisions for the last two months. This strong performance outweighed concerns over negative… read more

Strong data out of Australia this week saw the AUDUSD rally to a 3-month high of 0.7373. The AUD posted gains against all major currency pairs as Q4 GDP and trade balance data out performed expectations. Retail sales data to be released today could drive the AUD higher before US… read more

Overnight the Australian Dollar broke above the 2016 high, surging to almost 0.73 after better than expected GDP data and continued upbeat sentiment in stocks and commodities. It was the best performing currency across markets. The market expectation for RBA’s April cut has decreased from 27% to 14%. Traders will… read more

Equity markets posted strong gains overnight as risk-sentiment improved. US equity markets posted gains across most segments with the DJIA and S&P500 up 2.11% and 2.39% respectively. Eurozone markets followed suit with the DAX closing 2.34% in the green while the FTSE posted a modest 0.92% gain. Global recession fears… read more

This week we have catalysts that could potentially provide ample trading opportunities, especially in AUD, CNH & USD. In terms of economic calendar, I would like to highlights the following releases:(Times are in Sydney AEST; Perth, Singapore are 3 hours behind; please see full calendar at easy forex website): Tuesday… read more