Oil Talking Points Oil pulls back from a fresh weekly-high ($54.68) even as producers in Russia plan to cut production , and the failed attempt to test the monthly-high ($55.75) may generate range-bound conditions as oil prices snap the series of higher highs & lows from earlier this week. Oil Risks Range-Bound Prices as Bullish
The pair keeps the bid tone unchanged around 1.1280. German flash Q4 GDP figures came in flat today. US Retail Sales, Producer Prices due across the ocean. The buying interest have returned to the shared currency in the second half of the week and is now lifting EUR/USD to the 1.1280 region in the wake
GBPUSD to fall with a fizzle, not a bang Yesterday I was reflecting on May’s negotiating approach which I called, it could always be worse.  The conclusion that I reached was that there is only one likely ‘sell’ outcome for the GBP at the moment and that is a ‘no-deal’ scenario: No deal – unlikely
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USD/JPY crossed 111.00 to flash the fresh 2019 high on early Thursday. Improvements in market risk sentiment on positives for the US-China trade deal and the US government dragged the safe-haven Japanese Yen (JPY) downwards. Trades now await fourth quarter GDP details from Japan for fresh impulse. The USD/JPY pair marks fresh high of 2019
USDJPY, EURUSD Talking Points: – The US Dollar is moving-higher again this morning following yesterday’s pullback. That pullback found support at last week’s resistance, taken around the 96.68 level in DXY. Since this level came into play overnight, buyers have regained control to push back-up to the 97.00 level. This morning’s CPI came-out above expectations,
   •  Catches some aggressive bids despite a modest USD profit-taking slide.   •  Risk-on mood/surging US bond yields remained supportive of the move. The USD/CHF pair continued gaining positive traction through the early North-American session and is now fast approaching the overnight swing high to near three-month tops. Having broken out of the Asian/early European
Dominick Stephens, chief economist at Westpac, suggests that they are expecting the RBNZ to leave the OCR on hold but to shift to a strictly neutral monetary policy outlook. Key Quotes “We expect the RBNZ will say something similar to “the next move could be up or down”. The RBNZ’s OCR forecast will be flat