The sterling is posting marginal gains vs. the greenback at the end of the Asian trading hours, with GBP/USD hovering over 1.5070. GBP/USD eyes on PMI After a promising start, spot managed to clinch the 1...
EUR/USD defends mild gains in the early European morning, extending its consolidation phase around 1.13 handle from the last week as traders eye PMI readings from Euro area economies later in the session. EUR/USD stuck at 5-DMA The EUR/USD now recovers from fresh session lows and trades now at 1...
According to the recent data, Chinese manufacturing weakened, sending Asian stock markets lower on Monday. Oil swung...
Gold prices on Comex steadied in early European morning, having posted its biggest monthly gain in three years on Friday after weaker-than expected US GDP data spooked the markets. Currently, gold trades higher by 0.10% at 1279.80 levels, retreating from 1285.40 levels hit on Friday last week...
GBP/JPY trimmed gains from the previous session, heading towards the European opening bells as the yen recovers partial losses versus the greenback. Back above 177 levels Currently, the GBP/JPY cross traded at 177.39 levels, up 0.21% on the day, moving away from day’s low posted at 176.50...
Charles St-Arnaud, Research Analyst at Nomura, comments on the recent Canadian macro data release, and further notes that the current contraction in production suggests the BoC might cut rates further in March. Key Quotes “Monthly GDP decreased 0...
The Market Strategy Team at UOB Group, comment that EUR/USD’s consolidation appears to be on the verge of completion and the pair might rebound to 1.1350 before heading lower towards 1.1260. Key Quotes "The recent bout of sideway consolidation appears to be close to completion...
AUD/USD remained unaffected by the bearish Australian commodity prices index which showed continued drop in commodity prices. Up from 0.7770 levels Currently, the AUD/USD trades higher by 0.32% at 0.7790 levels, inching towards 0.7800 levels...
The Yen went from being the strongest currency in early Asia, courtesy of stop-loss hunting practices, to end as the weakest, together with the Swiss Franc, also being weighed down by talk of an unofficial soft floor in EUR/CHF at 1.05-1.10 doing the rounds...
According to the latest CFTC Commitments of Traders Report, for the week ending Tuesday, January 27th.there was a certain reluctance among investors to keep pushing the bearish USD strategy, notes the FX Team at TDS...
The Swiss Franc is weaker across the board in early Asia, with some talk doing the round about a possible soft protective floor in the 1.05-1.10 vicinity for EUR/CHF, leading the pair to trade just under the 1.05 area in inter-bank trading, with volatility set to continue...
Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the rally in the euro on CPI but explained the technical picture as bearish. Key Quotes: "The flash headline estimate dropped –0.6% y/y (consensus was for –0.5%y/y) and core fell to 0.6%y/y, a fresh record low—see chart...
A deal on extending Greece's bailout deal must be found by the end of February or the European Central Bank will not be able to continue lending to its banks, ECB council member Erkki Liikanen said on Saturday...
The “strong dollar” has been a mantra for the United States for decades. Recently, as the euro has fallen to an 11-year low against the dollar, Treasury Secretary Jacob Lew has once again been paying homage...
Russia's central bank on Friday cut its key interest rate, after raising it massively in December to shore up the ruble, in a bid to underpin economic activity that remains hurt by falling oil prices and economic sanctions...
After a drop to the 1.2680 area, the US dollar is now recovering the strength and pushingUSD/CAD back above the 1.2700 mark. USD/CAD back from multi-year highs Spot quickly clinched the 1...
The Russian Ruble suffered a steep decline today. This drop comes after the Russian Central Bank cut the country’s interest rate from 17% to 15% in hopes of boosting the nation’s floundering economy...
- EUR/CHF entered a consolidation phase after briefly rising above the 1.0500 mark to hit its highest level since the SNB removed the 1.2000 floor 2 weeks ago. EUR/CHF reached its highest level since Jan 15 at 1.0522, amid chatter the SBN has been intervening in the market to weaken the franc...
Valeria Bednarik, Chief Analyst at FXStreet, shares the technical outlook for EUR/USD, with the pair showing no major reaction post the US and EZ releases...
