AUD/JPY Consolidating the Upside Below 84 Post-China Trade The AUD/JPY cross extended its winning streak into a fourth day today and reversed Thursday’s entire slide as the bulls were bolstered by improved risk appetite as well as strong China’s exports and imports data...
A British vote to leave the EU risks causing severe economic and political damage to Europe that will spill over into an already febrile world economy, the International Monetary Fund has warned...
AUD/USD Storms Through 0.7700 on Upbeat Chinese Exports The bullish momentum around the AUD/USD pair gained further traction after the Chinese trade data showed that exports and imports improved last month. AUD/USD sees a 30-pips rally post-China data Currently, the AUD/USD pair rockets 1...
USD/JPY Making Another Attempt Towards 109? The USD/JPY pair caught fresh bid-wave in the Asian morning this Wednesday, making a fresh recovery attempt in a bid to conquer 109 once again...
EUR/JPY: Bulls in Command, 124 Back on Sight The persisting risk-on market profile boosted the risk currency US dollar across the board, aiding the recovery in EUR/JPY for the second straight session. EUR/JPY supported at hourly 100-SMA at 123.52 The EUR/JPY pair jumps 0...
The Federal Reserve should wait for more evidence that U.S. inflation is progressing back toward 2 percent before raising interest rates again, Philadelphia Fed President Patrick Harker said on Tuesday...
A British vote to leave the EU risks causing severe economic and political damage to Europe that will spill over into an already febrile world economy, the International Monetary Fund has warned...
Valeria Bednarik, chief analyst at FXStreet noted that the American dollar retained the weak tone against most of its major rivals during the Asian session, with most pairs confined to tight ranges in response to a light economic calendar ever since the week started...
The decline in the Canadian Dollar (loonie) during 2014-15, as a result of the falling price of oil, has been excessive, argues a leading foreign exchange analyst and strategist. There is a high correlation between the price of oil and the value of the Canadian Dollar...
*BNP Paribas (French pronunciation: [be ɛn pe paʁibɑ]) is a French multinational bank and financial services company with global headquarters in Paris.[4] BNP Paribas is one of the largest banks in the world...
Selling GBP/USD into trend line resistance near 1.4360 is supported by the lack of momentum shown by RSI, notes Bank of America Merrill Lynch. "However, if resistance starts to break, the trend would also be breaking above the weekly linear resistant trend line...
EUR/USD has consolidated within the past week just under a major resistance zone around the 1.1450-1.1500 area. In the process, the currency pair has formed a key bullish flag pattern that could be poised for a breakout if the dollar continues its recent weakening trend...
There are three highlights to the foreign exchange market today. First, the yen is marginally softer. The yen's strength this month has been the main development...
The BoC is widely expected to hold the overnight rate target unchanged at 0.5% on Wednesday. A recent string of positive data releases, including a strong employment report last week, has taken pressure off the BoC to ease further...
We expect the continued low inflation in the euro area to eventually trigger additional easing from the ECB, but we do not expect the ECB to address this by rate cuts...
Gold Stuck Between Hawkish Fed Speak and Dismal IMF Report Gold looks trapped between hawkish comments from Fed officials and bearish global growth forecasts published by the International Monetary Fund (IMF...
USD/CAD Aims to Further Weakness – Scotiabank FX Strategist at Scotiabank Eric Theoret sees USD/CAD could slip towards lower levels in the near term. Key Quotes “Signals are broadly bearish and all eyes are on the October 2015 low at 1.2832”...
USD/CHF: Near the Level of 0.9565 Last week, the pair USD/CHF has broken out strong resistance level of 0.9565, which is crossed by moving average lines ЕМА200, ЕМА144 and bottom limit of the descending channel on the weekly chart...
