EUR/USD Rises Above 1.1400 as Dollar Tumbles Ahead of FOMC Minutes EUR/USD broke above 1.1401 and climbed to 1.1431 hitting the highest level since last Friday and is only a few pips below last week highs. If it rises above 1.1437 it would be trading at the strongest level since October...
USD/JPY Hits Fresh 17-Month Low After FOMC Minutes USD/JPY dropped further after the release of the Federal Reserve minutes and bottomed at 109.33, hitting the lowest level since October 2014. The pair then bounced to the upside, and it trading around 109...
German industrial production fell by 0.5% m/m in February, better than expectations for a 1.8% fall after the very strong January print. The January reading itself was revised down by 1pp to 2.3% m/m. Overall we see eurozone economy growing by a fairly solid 0...
On the first of February, just before the BOJ’s bungled attempt to ease monetary policy, the Bloomberg consensus for USD/JPY in Q4 2016 was 125, with a range of 110-134. Today, the consensus is 118, the range 100-131. That is about as confused as the FX market ever gets...
Strategists at Westpac believe the US dollar could resume its downside in the short term. “A spike in risk aversion may save the USD on selected crosses near term but the beyond that the lacks underlying support”...
Because traders and investors forget on history soon, it is good to remind some big history events in trading history. Today it's flash crash from May 6, 2010. For a very long time, there were rumors about the cause of this event...
Today’s Fed minutes could undermine the risk rally further especially if they highlight that there was a range of views on the pace of rate normalization in March...
Westpac's strategic call to sell the GBP to USD pair on anticipation of a deep decline has proven right so far and there is still further to go before the initial target is met. It is not too late to ride the GBP/USD train to lower levels. The exchange rate is forecast to weaken to below 1...
The Canadian government has projected that the change in fiscal stance will add 0.5ppt to real GDP growth this fiscal year, notes BTMU...
GBP's performance against USD is lagging compared to its other G10 counterparts. Brexit fears continue to weigh on GBP, our G10 FX PIX indicator shows GBP short positioning increased further last week and is now at extreme levels, a lot is already priced in now for the EU referendum...
FXWIREPRO: EUR/JPY Breaks Strong Trendline Support at 125.26, Good to Sell Rallies EUR/JPY is retreating from last week’s tops just above 128.00, and has breached strong trendline support at 125.26. Momentum studies are bearish, confirming further downside in the pair...
China: March Foreign Reserves Data Preview – ING Tim Condon, Chief Economist at ING, suggests that based on stable CNY policy and ING’s house view that USD/Majors will range trade in 2016 they revised their yearend USDCNY forecast to 6.47 from 6.65...
USD/JPY: Getting the Markets Confused - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that on the first of February, just before the BOJ’s bungled attempt to ease monetary policy, the Bloomberg consensus for USD/JPY in Q4 2016 was 125, with a range of 110-134...
Dear Traders, The dollar advanced on the back of hawkish comments from Federal Reserve President Eric Rosengren who said that the U.S. may need more rate increases than the market is currently pricing in...
Euro To Dollar Forecast: EUR/USD Signaling Bearish Trend Euro currency exchange rate vs US Dollar struggling to break $1.1420 resistance. It looks like that the EUR/USD pair may be setting up for a sharp decline in the near term as the investors eye FOMC meeting minutes...
FOMC Minutes (March Meeting) - Wed 4/6 - 2:00 PM ET BofAML: The dichotomy between dovish remarks from Fed Chair Janet Yellen and more hawkish comments by several of her colleagues on the Federal Open Market Committee (FOMC) sets the stage for the March minutes...
As a result of a powerful wave of decline observed on Tuesday, #USDJPY has reached the lower limit of the trading range that was relevant for the past two months. The yen is growing despite the Bank of Japan's actions. Find out more by checking out the Source Link...
Quotes of #USDCAD have reached the resistance line of the descending medium-term trend, where bulls took a timeout. The dynamics of oil prices traditionally had an influence on the loonie - so the bears in this market have intensified. Find out more by checking out the Source Link...
USD/JPY Outlook Shifted to Bearish – UOB In view of the research team at UOB Group, the pair’s perspective has turned to bearish in the next 1-3 weeks. Key Quotes “USD broke below last month 110.65 low to touch a 109.94”...
