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The FxPro Analyst Team

Forex: Japan turns into the biggest crypto hub. Is Russia following its own path?

Russian president Vladimir Putin warned of “serious risks” accompanying cryptocurrencies during his speech at a government meeting in Sochi yesterday, becoming the first global leader of such high profile to publicly express his fears about cryptocurrencies and the way in which the surrounding anonymity may support or serve in money laundering, terrorism financing and tax evasion. However, and unlike the recent developments in China, he urged the Bank of Russia to focus more on the regulation ...

Alexander Kuptsikevich

Forex: Unexpected drop in U.S. payrolls triggers risk-off sentiment

Undoubtedly, the September U.S. Nonfarm Payrolls were shockingly bad. At the beginning of the previous week, analysts had expected a growth of 90K, with a series of very strong releases of business activity indicators in the U.S. significantly raising expectations. On Thursday, we had even observed some markets rallying as U.S. assets were on particularly high demand. Last Friday’s NFP release showed how hasty those purchases were. Nonfarm Payrolls decreased by -33K, while data for the previous ...

The FxPro Analyst Team

Forex: New Fiscal Year Could See Changes in Last Year’s Trends

With many countries entering a new fiscal year in October, many investors are summarising this past year’s portfolio performance while setting new goals. Let’s take a brief look at the asset classes and trading instruments that have made headlines during these past twelve months. The rise in value of Cryptocurrencies has attracted many investors during the past financial year. The two largest cryptos, Bitcoin & Ethereum, have seen their value multiply significantly throughout the year and new ...

Alexander Kuptsikevich

Forex: Not so rosy long-term consequences for USD from the Fed policy

The Fed announced the beginning of a reduction in their massive holding of bonds and mortgage-backed securities starting in October, citing the impact of the recent hurricanes on the economy as temporary and not detrimental to overall economic growth. The scale of reductions will gradually increase, starting from 10 billion USD a month and reaching 50 billion USD within a year. Under existing conditions, the Fed’s balance sheet will decrease by $300 billion to $4.2 trillion. If the program ...

FxProUpdates

Forex: Market Reaction to February 2017 NFP (March 10)

The US Nonfarm Payrolls and Unemployment Rate are out this coming Friday, March 10th 2017, at 13:30 (GMT), and will most likely cause significant volatility in the markets. Considered the one economic indicator that never fails to trigger sharp market movements both in the minutes leading up to its release and in its aftermath, the NFP data is released by the US Department of Labor on the first Friday of each month and outlines changes in the number of employees, excluding farm workers and ...

FxProUpdates

Forex: Equities FX and the US Election

We’re counting down the final hours to what promises to be the most exciting US election since 2000. The past two seeks have seen markets take on the prospect of a Trump Presidency far more seriously. This can be seen in the weaker dollar, weaker Mexican peso, together with sharp in increases in volatility measures, both for FX and more so for equities. But can history tell us anything? By first looking at historical market reaction, we can make several observations. With regards to the ...

The FxPro Analyst Team

Forex: USDCNY Hit Six Year High, Test Major Resistance

As the world obsesses about the US election, we’re going to look at China and the currency in particular. China has always been the ‘elephant in the room’ for the global economy. It maintained strong levels of growth in the wake of the global financial crisis, supporting world demand as major markets slumped. But this was at the cost of greatly expanded lending, a cloud which has hung over China in recent years. Much has been made in the past few weeks of the move higher in the USDCNY exchange ...

FxProUpdates

Forex: This time is different in the US Presidential race

In September, markets obsessed about the US Federal Reserve – would they or won’t they raise interest rates. That didn’t happen, but what is certain is that the US will choose a new President next month. So far, this prospect has not overly pre-occupied markets. Either that is to come, or they believe that the choice of President does not matter that much because power lies with Congress and within that, a Republican party who were not that enthusiastic about their candidate. That same Congress ...

FxProUpdates

Forex: Kitchen sink full of medicine

The ECB has taken a six-pronged approach to the latest policy decisions. This is their “kitchen sink moment”, similar to the BoJ back in late 2013 when they went all in with news and bigger measures to tackle deflation. The move has initially knocked one big figure from EURUSD. After December disappointed in the size and scope of the measures announced, the markets were naturally reluctant to push the currency lower. Furthermore, the risk averse environment that has prevailed through a fair ...