Prime Minister Shinzo Abe appears to be preparing pro-active proposals for President Trump to boost US growth and employment. If the Trump administration delivers on its promised aggressive fiscal policy, we can expect the current account deficit to widen (reflecting Read More →

Key Points

• The Euro recently corrected lower towards the 1.4020 support against the Canadian dollar.
• The EURCAD pair is currently finding support near a broken bearish trend line on the hourly chart at 1.4020.
• Today in the Euro Zone, the Read More →

The Yen retraced back some of the earlier strength seeen since the end of last week, but has remained within sight of its recent highs against the USD. USDJPY, currently at 111.92 made it too lows 111.59 earlier in today’s Read More →

Key Points

• The British Pound traded lower against the US Dollar, and broke the 1.2400 support.
• The GBPUSD pair also broke a support trend line at 1.2395, which opened the doors for more declines in the near term.
• Today in Read More →

The Trump administration has spoken out against alleged currency manipulation from China, Japan and Germany. Yet the country most at risk of meeting the Treasury’s official criteria of currency manipulation is probably Switzerland.

The risk of coming into US Read More →