A sharp USD reversal took place yesterday and dealers added to their short positions overnight on higher equities and a rebound in oil and gold prices. We have advocated our preference of being long ...

The Bank of England caused some excitement in the bond markets this week, when one of the articles in the Quarterly Bulletin (QB) said that “…to the extent that savers in surplus ...

Today’s calendar will essentially be dominated by the $45bn 2y Treasury note auction, the first of three US auctions this week. Solid demand at auctions of different maturities this summer ...

In recent comments to the Treasury Select Committee on economic affairs, Mervyn King, the Governor of the Bank of England, said that “UK economic recovery would be slow and protracted” and...

Sterling faced considerable selling pressure this week following Bank of England Governor Mervyn King’s Treasury testimony on Tuesday. The Governor commented that the BoE were “looking ...

Reduced data/event risk lies ahead today and means price action is likely to be fairly static as dealers square up ahead of the Fed FOMC meeting and $112bn in Treasury supply ($170bn including bills!)...

Daily Pivots: (S1) 132.81; (P) 133.41; (R1) 134.37;  EURJPY's rebound from 131.29 extends further today but after all risks remain on the downside with 134.38 resistance intact. Fall from 138.70 ...

Daily Pivots: (S1) 148.82; (P) 149.70; (R1) 150.79;  At this point, intraday bias in GBP/JPY remains on the downside with 151.73 minor resistance intact. Fall from 163.05 might have resumed and ...

Rumours of the Fed moving towards an early exit strategy next week only briefly tested the market yesterday but selling of the USD swiftly resumed in Asia where gold broke above $1,020 and AUD/USD ...

The USD index plummeted to new 2009 lows overnight led by a move in EUR/USD above 1.4650 and a return below 0.91 by USD/JPY as Japanese finance minister Fuji stated his opposition to FX intervention. ...