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Japan's Post Bank sees USDJPY at 108.00 as "Fair Value" Japan's Post Bank Co. published their latest review this Tuesday. Key Headlines: See USDJPY at 108.00 as "fair value" Hard to expect yen to decline this year...
GBP/USD Subdued Around 1.4400, Ignores Better Risk Tone The GBP/USD pair failed to sustain at higher levels and struggles around 1.44 handle, as the bears fought back control amid mixed oil prices and higher Asian equities. GBP/USD: 100-DMA at 1...
EUR/GBP Looks for Direction Near 0.7900 EUR/GBP is now extending its consolidative theme around the 0.7900 handle amidst a softer tone in both the sterling and the single currency...
EUR/USD Under Pressure Below 1.1400 in Early Europe The EUR/USD pair keeps pushing lower and now hovers near fresh weekly lows, having failed yet again to sustain above 1.14 handle. EUR/USD capped below 1.1400 Currently, EUR/USD trades -0.07% lower at 1...
Short NOK/SEK: CPI Numbers Likely to Cause SEK to Outperform - Nomura Research Team at Nomura, suggests that the Norges Bank meeting and Swedish CPI data released this week present an opportunity for an RV trade...
EUR/JPY Takes-Out Monday’s High, 124 Back on Sight? The EUR/JPY cross extends its bullish run into a second day today, reversing almost a quarter of BOJ’s inaction-led slide, as the yen drops sharply across the board amid risk-on. EUR/JPY drops on broad yen weakness The EUR/JPY pair now rises 0...
Asian Markets Turn Positive, Nikkei Up Around 2 Pct Major Asian indices are trading on a positive note on Tuesday. On the other side, Gold dips below $1270 and trading around $1264 marks. Today Japanese Yen hits fresh weekly low against US dollar and trading around 108.84 marks...
FxWirePro: Japanese Yen Hits Fresh Weekly Low Against US Dollar, Intraday Bias Remains Bullish USD/JPY is currently trading around 108.72 marks. It made intraday high at 108.82 and low at 108.27 levels. Intraday bias remains bullish for the moment. A daily close below 108...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and all with low to medium risks associated. Data released so far – China – Consumer price index declined -0.2% in April, up 2.3% from a year back. Producer price index declined -3.4% y/y. Upcoming –...
Norges Bank to Leave Rates Unchanged – Danske Bank Research Team at Danske Bank, expects the NB to leave the sight deposit rate unchanged at 0.50% and to re-iterate its dovish bias from the March meeting...
Fitch: Sharper Yuan Devaluation Could Trigger Volatility Reuters reporting commentary from Fitch Ratings comments on China and the yuan: China rebalancing, yuan volatility key risks for APAC Easing policies implemented by Chinese authorities in recent quarters reduce risk of a hard landing in 201...
USD/JPY Extends Gains in Tandem with Nikkei, Nears 109 The bulls gathered pace over the last hour, now pushing USD/JPY back towards 109 handle as strong gains on the Japanese indices further fuel risk-on moods in the markets...
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Korea: BOK to Stay on Hold for Now - Nomura Young Sun Kwon, Research Analyst at Nomura, suggests that although their Bank of Korea (BOK) Signal Index suggests a high likelihood of a rate cut this Friday, they maintain their call that the BOK will stay on hold as we believe policy easing will come...
Short CAD/NOK – Deutsche Bank Research Team at Deutsche Bank, suggests going short on CAD/NOK pair as their G10 trade idea of the week for the target of 6.00 while maintaining a stop of 6.50 and entry level being 6.3350...
FxWirePro: Singapore Dollar Hits Fresh Monthly Low Against US Dollar, Intraday Bias Remains Neutral USD/SGD is currently trading around 1.3714 marks. It made intraday high at 1.3729 and low at 1.3703 levels. Intraday bias remains neutral for the moment. A sustained close above 1...
ASX200 Trades Well Above 5300, Jump Till 5380/5420 Is Possible Major resistance - 5375 Major Support - 5200 ASX200 pares early losses today morning after making a low of 5286 at the time of writing.It is currently trading at 5333. Short term trend is slightly bullish as long as support 5250 holds...
China: Steel’s Recent Resurgence Risks Derailing Industry Reform - NAB Gerard Burg, Senior Economist at NAB, suggests that a credit-fuelled rebound in China’s construction activity has breathed new life into the country’s beleaguered steel industry...
China: No Support for Growth by Adding Leverage - Nomura Research Team at Nomura, notes that according to yesterday’s official People’s Daily, an “authoritative” person who was not identified indicated that China should not support growth by adding leverage...
