All Blogs
NZD/USD Boosted by US Dollar Weakness – Westpac Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD broke above its six-month old trading range recently, following a dovish speech by Fed Chair Yellen. Key Quotes “The break above 0.6900 technically signals a move to at least 0...
US: ISM Non-Manufacturing Index Losing Streak to End - RBS Brian Daingerfield, FX Trading Strategist at RBS, suggests that today the ISM non-manufacturing index is released for March in the US...
Japan: Demand for Foreign Assets Near Record Levels – Westpac Robert Rennie, Research Analyst at Westpac, suggests that historically, we have tended to see Japanese demand for foreign assets soften into financial year end. Key Quotes “However, this end of year looks to be an exception...
CAD: BoC’s Next Meeting Should be a Notable One - RBS Brian Daingerfield, FX Trading Strategist at RBS, suggests that the Bank of Canada’s next meeting on April 13th should be a notable one...
Fed’s Evans: Two Rate Hikes This Year will be "Appropriate" Speaking in Hong Kong, Chicago Fed President Evans commented on the Fed’s interest rates outlook. Key Quotes: Too early to tell if inflation rebound is sustained Fed rate path will depend on economic data...
USD/JPY is a Buy on Dips - Westpac Robert Rennie, Research Analyst at Westpac, suggests that they have argued USD/JPY is a buy on dips sub-112 even though the price action has been patchy at best...
Fed Minutes Likely to Echo Dovish Tone of Meeting - BNPP Research Team at BNP Paribas, suggests that the US front-end yields and the USD have failed to capitalise on the stronger than expected US data on Friday...
NZD/USD Heading for 0.7200 - Westpac Imre Speizer, Research Analyst at Westpac, suggests that NZD/USD finally broke out of its contracting range which had formed since Sep 2015 with bullish implications. Key Quotes “Assuming it remains above 0.6875, we target 0.7200 during the next few weeks...
FXWIREPRO: Gold Breaks Key Resistance at $1222, Intraday Bias Remains Bullish XAU/USD is currently trading around $1225 mark. It made intraday high at $1226 and low at $1214 levels. Intraday bias remains bullish till the time pair holds key support at $1214 marks...
AUD/USD Jolts Higher to 0.7630, RBA Keeps Rates On-Hold The AUD/USD pair reversed losses and jumped back on the bids after the RBA decided to keep its official cash rate unchanged at a record low of 2.0% at its policy meeting today...
RBA Keeps Rate Unchanged, AUD May Complicate Adjustment in Economy As widely expected, the Reserve Bank of Australia left the official interest rate unchanged at 2%, noting that at today's meeting, the Board judged that there were reasonable prospects for continued growth in the economy, with inf...
BOJ, MOF, FSA Officials to Meet on Markets from 5:00 GMT Bloomberg reports that BOJ, MOF (Ministry of Finance) and FSA (Financial Services Agency) officials are to meet on markets from 0500GMT...
USD: Near Term Outlook Looks Very Bleak - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the near term USD outlook looks very bleak, as the full import of Chair Yellen’s decidedly dovish tone continues to reverberate the USD could see another 2-3% USD downside from curren...
Falling oil prices are driving a slight bid in the Japanese currency, strategists say Falling oil prices helped support haven bids in the yen on Monday as Japanese stocks weakened while expectations for a slower pace of Federal Reserve interest-rate hikes sapped demand for the dollar...
USD/JPY Weaker Below 111, Yen Gains Amid Risk-off The USD/JPY pair extends its bearish momentum for the third consecutive session this Tuesday, mainly driven by rising demand for the safe-haven yen amid persistent risk-off trades...
US: Encouraging Signs of Economic Growth - ING James Smith, Economist at ING, suggests that an encouraging labour report, coupled with an increase in the ISM Manufacturing Index, will give the FOMC more confidence about the direction of the economy...
EUR/USD Struggles to Extend Gains Above 1.1400 Having peaked at 1.1405 in early Asia, the EUR/USD pair is seen oscillating below 1.14 handle over the past couple of hours, as risk-off moods dominate markets. EUR/USD: Final services PMIs in focus Currently, EUR/USD trades 0.05% higher at 1...
FXWIREPRO: AUD/USD Weak ahead of RBA, Posts Fresh Five-Day Lows at 0.7570 Dismal Australia trade data along with widespread risk aversion weighing heavily on the high-yielding Aussie. Bears tightened their grip pushing AUD/USD to fresh five-day lows at 0.7570...
ASX200 Breaks Major Support 4960, Targets 4860 Major resistance - 4960 ASX200 has broken major support 4960 and declined till 4922 at the time of writing. It is currently trading at 4923. Short term trend is slightly weak as long as resistance 5020 holds...
