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USD/JPY Sidelined Near 109.00 Post-ADP USD/JPY remains entrenched in the red territory today, bouncing off lows near 108.80 and looking to stabilized in the 109.00 neighbourhood...
EUR/USD: Trading the US Non-Farm Payrolls US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar...
AUD/USD On the Verge of Breaking Below 0.7200 After ADP Report Extending its reversal from the very important 200-day SMA, the AUD/USD pair has now dropped to session low after the release of ADP report on the US private sector employment...
USD/CAD Sell the Upticks to 1.32-1.33 – Westpac In view of Richard Franulovich, Strategist at Westpac, bullish attempts in the pair to the 1.32-1.33 area could be regarded as selling opportunities. Key Quotes “USD/CAD admittedly looks like it’s building a solid beach-head above 1...
EUR/USD Focus on Draghi, Supported at 1.10/1.11 – Westpac According to Strategist Richard Franulovich at Westpac, the pair could find a base in the 1.10/1.11 area, while the immediate risk remains Draghi’s presser today. Key Quotes “EUR likely to fi nd a base into 1.10-1...
China: PBOC Fixed Yuan Firmer by Most in Three Weeks - BBH Research Team at BBH, notes that the PBOC fixed yuan firmer (0.36%) by the most in three weeks. Key Quotes “The weaker dollar offered the yuan a reprieve as it been near the year's lows...
EUR/GBP Drops to Session Low of 0.7740 After ECB Stands Pat The EUR/GBP pair dropped below 0.7750 level but held steady, trading with marginal loss at 0.7740 after the ECB left its main interest rate unchanged at 0.0...
ECB Leaves Interest Rate Unchanged at 0.0% The European Central Bank decided that the interest rate on the main refinancing operations will remain unchanged at 0.00%. The Governing Council also left the interest rates on the marginal lending facility at 0.25% and the deposit facility at -0.40...
EUR/USD Tests 1.1180 on Steady ECB The shared currency lost some pips following the ECB rate decision today, with EUR/USD orbiting around the 1.1190/80 band...
AUDUSD. The pair was seen reversing its Wednesday losses during Thursday trading session today. This development has left AUDUSD targeting further downside pressure. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level...
Three Decade Old Trend Line Threatens Dollar's Advance The bulls planning to push Dollar higher in the wake of higher possibility that U.S. Federal Reserve will hike rates once more this summer and once again by the end of the year, should take a look at the Dollar chart over longer horizon...
GBP/USD Door Open for a Test of 1.4330 – UOB The research team at UOB Group have suggested GBP/USD could re-test the area of 1.4330 in the next 1-3 weeks. Key Quotes “The anticipated GBP weakness exceeded our expectation by taking out the major 1.4400 support (low of 1.4385)”...
EUR/JPY Flirting with 122.00 Handle Just ahead of ECB Decision As Yen continues to surge on global risk aversion, a minor up-tick in the EUR/USD major is doing little to assist the EUR/JPY cross that continues to flirt with 122.00 handle just ahead of the ECB decision...
China: Hard-Landing Fears are Back - ING Tim Condon, Chief Economist at ING, suggests that China’s hard-landing fears are back despite fading CNY devaluation worries. Key Quotes “There was a worrying sign of a further slowdown in export growth in yesterday’s manufacturing PMI data...
EUR/USD Cautious Around 1.1200, ECB Eyed The common currency keeps a tight range above the 1.12 handle vs. the greenback today, althogh gains in EUR/USD appear so far limited around 1.1220. EUR/USD now looks to ADP, ECB The pair keeps gyrating around the 1...
NZD/USD Dips Below 0.6800, Reversal From 50-DMA Gains Momentum Global risk-off sentiment is hurting commodity-linked currencies, including the kiwi, with the NZD/USD pair now dropping back below 0.6800 handle to currently trade near session low...
USD/JPY Inter-Market: Today’s Fresh Selling Independent of the Intrinsics USD/JPY’s rise from 109.50 levels witnessed last Friday extended until Monday’s early European trading, before finding a balance area between 110.90-111.35 zone, where the VX (risk barometer) almost flattened...
FTSE Gains Despite Weak Construction Data The UK blue-chip index is trading in positive territory this morning despite the latest economic release coming in on the soft side. The print of 51.2 for construction PMI in May was below both the 51.9 expected and the previous figure of 52...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, June 2nd USD/JPY rebounded from two-week low witnessed at 108.83 as Nikkei 225 slowed down its falling...
