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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...
Negative interest rates, which central banks in several countries have implemented as a way to spur economic growth, is a radical move. In the last of a three-part series, ‘Negative Thinking,’ commentator Satyajit Das examines this policy and its risks...
Gold Upon reaching $1235, there has been significant selling on gold by major players, which can be seen by the volumes in both Forex (on high liquidity brokers) and Futures. An important high was made at $1272, which held on multiple break-out attempts...
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...
4 top reasons to use stop loss – “Stop Loss” is probably the very second term you learn in Forex after “Take profit” . But do you really need a Stop Loss ?? – Well, we will answer this extremely critical question needed for trading in the next 5 top reasons to use stop loss...
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...
The yen hit a 17-month high against the dollar on Monday in the currency market's latest warning sign to equity investors. The strength of the Japanese yen this year has been a bit of a surprise for many investors...
Italy's financial industry has approved a government-backed plan to set up a rescue fund to help weaker banks. The Atlante fund will be made up by private money, reportedly worth €5bn ($5.7bn; £4bn), and will buy up shares and bad debt in struggling banks...
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...
