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USD/CHF Sinks to Lows Near 0.9570 The ongoing risk aversion is prompting USD/CHF to retrace the earlier spike just above the 0.9600 handle and return to daily lows in the 0.9570 area...
RBA Acknowledges Stronger AUD but Not Overly Concerned Yet - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the Australian dollar has weakened modestly in the Asian trading session undermined early this week by renewed weakness in commodity prices...
US: ISM Nonmanufacturing Index to Rise Only Marginally - TDS Millan Mulraine, Deputy Head US Macro Strategy at TDS, suggests that the US economic growth momentum has slowed, and while the headwinds to the manufacturing sector appear to have abated the fallout in the service sector should continue...
EUR/JPY – Sell Off Continues, Eyes 125.00 Handle JPY bulls are in no mood to relax amid fresh oil-driven risk-off in the equities and are now eyeing psychological level of 125.00 in the EUR/JPY cross...
AUD/USD Door Open for Further Downside – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the relevance of the key support at 0.7477. Key Quotes “AUD/USD held sideways and has started to erode the accelerated uptrend at...
AUD/JPY Attacks 83 Handle, at Fresh Monthly Lows The AUD/JPY cross extends its bearish run into a fourth day this Tuesday, with the bears relentless on the back of persistent risk-off market profile. AUD/JPY tests 83.00 The AUD/JPY pair now drops -1.80% to 83...
The dollar edged lower on Monday on contradictory views of prospects for an increase in U.S. interest rates, while oil prices stayed under pressure on skepticism producers would be able to freeze output to stem a global glut. A usually dovish U.S...
US Dollar keeps Highs Near 94.80 The greenback, tracked by the US Dollar Index, has recovered the smile on Tuesday and is managing well to keep the trade in the upper end of the range near 94.80...
What are the economic consequences of leaving the EU? This question is at the heart of the Brexit debate. Some studies address this question by analysing how countries fared after joining the EU (see Campos et al. 2014 or the survey by Crafts 2016). In recent work (Dhingra et al...
EUR/USD Trims Daily Losses after US Trade Data EUR/USD edged slightly higher and continued to move off daily lows following the release of disappointing US trade data. US trade deficit widened in February by 2.6% to a 6-month high of 47.06 billion, from 45...
GBP/USD Tests 50% Fibo Support Cable managed to cut through bids around 1.42 and fell to 1.4175 (50% of 1.3835-1.4515) levels as traders continue to ignore slight improvement in the UK services PMI report...
Can WTI End Its Biggest Consecutive Daily Decline Since 2009? North American benchmark, West Texas Intermediate (WTI) is up today and trying to end its biggest consecutive daily decline since 2009...
FXWIREPRO: Kiwis Dairy Industry Likely to Struggle General business sentiment in New Zealand dropped from +13% in December to -1% in March...
Despite volatile trading in #GPBUSD, there were no signals to close the order to sale from 1.4323. Currently, we see the renewal of the upward momentum. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
CAD/JPY Breaks Major Support 84, Decline Till 82 Is Possible Major resistance – 85.20 (7 W EMA) Major support - 84 The pair has broken major support 84 and declined till 83.85 .It is currently trading around 84.01. Short term trend is bearish as long as resistance 85.20 holds. The break of 85...
We fixed a result of short positions in #Gold with a small loss (1225.19) when on of the bars has closed above the red Alligator's line. Currently we are out of the market. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
In view of the research team at UOB Group, the Aussie dollar keeps its bullish perspective in the next 1-3 weeks. “The sharp drop yesterday certainly does not bode well for our bullish AUD view”. “However, confirmation of a short-term top is only upon a break below 0.7550”. “That said, 0...
NZD/USD: The Pair went Below the Level of 0.6860 Due to last week’s statement made by Janet Yellen about the plan of the gradual increase in the interest rate in the USA, the USD fell all over the market...
NZD/USD: Price Index of the Dairy Products and Efforts of RBNZ New Zealand’s economy is based on exports; the second largest export sector of the country’s economy is the timber industry and the largest one id agricultural sector. About 18% of the total exports belong to the dairy product...
