Summary
There is a very common tendency among traders to ignore the long view when our attention is focused on day to day volatility. Currency markets in 2013 produced several notable trends . Emerging markets currencies rose and then fell hard, largely in response to perceptions about Federal Reserve policy. The Japanese Yen and Australian Dollar booked substantial declines as their governments changed monetary policies. Five years after the financial crisis, central banks remain the chief agents in the world economic system and the prime source of trends in the currency markets. The Fed has reduced its securities purchases by $10 billion. Will that reduction continue at each meeting? What will the mean for the dollar? How long can the euro withstand rising U.S. Interest rates? The euro\yen has benefited from the unusual circumstance of a strengthening dollar\yen and a strong euro, how long can that last? What role if any will the rising yuan and China's quickening approach to international status have in the currency markets? Join us at WorldWideMarkets, bring your questions comments and charts and welcome in the New Year in style.Latest Live Videos
Editors’ Picks
EUR/USD clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.