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Short Covering Lifts GBP/USD Beyond 1.4550 Level A sharp short squeeze rally assists the GBP/USD pair to break through the 1.4530-40 resistance and climb higher to 1.4564 as the 'Remain' camp hold their lead in the latest poll results...
USD/CAD in Highs Closer to 1.3000 The greenback is trading on a firmer footing vs. its Canadian counterpart on Wednesday, with USD/CAD posting peaks above 1.2980...
GBP/JPY Seems to Build on to Its Strength above 159.00 Handle Extending its bid tone through the European trading session, the GBP/JPY pair got a boost from the latest 'Brexit' polls results, lifting the pair to 159.00 handle...
Can Japanese Policy Weaken JPY? – Nomura Research Team at Nomura, suggests that after the sharp JPY depreciation owing to disappointment from the BOJ, USD/JPY has stabilised around 109, the level before expectations of a BOJ easing increased because of a media report...
EUR/USD Off Lows, Retakes 1.1280 ahead of FOMC The shared currency keeps the negative tone today, with EUR/USD meandering around the 1.1280/85 band ahead of the FOMC minutes. EUR/USD attention to FOMC The pair has managed to rebound from earlier lows in the mid-1...
EUR/GBP Nose-Dives to a Fresh Three-Week Low The EUR/GBP pair extended its slide further below 0.7800 handle after the latest 'Brexit' poll results showed 'Remain' camp holding their lead...
What to Watch Out in Today's FOMC Minutes Today, Federal Reserve Open Market Committee (FOMC) will release minutes of its April meeting, which is the biggest event risks for Dollar based pairs. Today’s minutes is of particular interest to have a feel, which camp within FOMC gaining momentum...
Guide to Today's Important Data and Events Not many economic dockets scheduled for today but many with high volatility risks associated. Data released so far – Australia – Westpac leading index declined -0.2%. Wage growth in quarter 1 rose 0.4%, up 2.1% from a year back...
USD Looks Constructive Medium Term – Westpac Strategists at Westpac argued the outlook for the greenback remains constructive in the medium term. Key Quotes “Fed officials, even doves like Rosengren and Kaplan, are signaling that June is live and 2-3 rate hikes "make sense...
GBP/USD Reclaims 1.4500 Handle on Latest 'Brexit' Poll Results The GBP/USD pair held on to 1.4400 handle and witnessed a smart recovery to 1.4537 as the latest 'Brexit' poll result showed 'Remain' camp were leading with 55% votes...
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD Analysis for May 18th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar has defined the upside border of the consolidation channel and then return to the downside one. We think, today the price may test 1...
USD Resilient Against the Yen Despite the Better than Expected GDP Report - BBH Research Team at BBH, notes that the Japan reported stronger than expected Q1 GDP figures earlier today. Key Quotes “The Bloomberg median was 0.1%, but instead, Japan reported a 0.4% expansion...
GBP/JPY Finds Good Support ahead of 157.50 Following the UK jobs report release, the GBP/JPY cross stalled its downslide near 157.50 levels and re-attempted recovery back onto 158 handle. GBP/JPY: Upside capped by negative European equities Currently, GBP/JPY trades +0.24% to 158...
Oil, Metal and the Dollar - SocGen Kit Juckes, Research Analyst at Societe Generale, notes that the dollar up 10% this month against the South African rand, 4% against the Australian dollar and top of the major currency league for May...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, May 18th EUR/USD is refreshing its three-week lows, due to risky sentiments are gaining momentum. Euro bulls cant break through its key resistant level at 1...
USD Strong All Around - BBH Research Team at BBH, notes that the US dollar is rising against all the major currencies today. Key Quotes “The Australian dollar is retracing a sufficient part of its recent gains to suggest that the current phase of the US dollar's recovery is not over...
Waiting on FOMC Minutes - Forex News and Events Q1 Japan GDP rebounds (by Yann Quelenn) First quarter Japan’s GDP has printed in above expectations at 0.4% q/q with markets only expecting a slight increase at 0.1% q/q. The rebound in private consumption to 0...
GBPUSD: The pair continues to look weak and vulnerable to the downside in the short term despite its recovery attempts on Tuesday. On the downside, support lies at the 1.4400 level where a break will turn attention to the 1.4350 level. Further down, support lies at the 1.4300 level...
Gold Holds Near-Term Trading Range ahead of Fed Minutes Gold once again retreated from $1280 level and dropped back to $1270 level, holding its near-term trading pattern within a narrow range...
