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Commodity Currencies Slide Amid Risk Aversion Commodity currencies such as the Australian, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Friday amid risk aversion, despite better-than-expected Chinese manufacturing surveys, as investors...
Russian Manufacturing Sector Contracts For Fourth Month Russia's manufacturing activity deteriorated for the fourth consecutive month in March, survey figures from Markit Economics showed Friday. The seasonally adjusted Purchasing Managers' Index, or PMI, dropped to 48.3 in March from 49...
Emerging Market Crisis Series: Major Shift in Gear After suffering since 2013 and more so at the start of the year, emerging market currencies had their best month since at least 1998 according to Bloomberg’s calculations...
Japanese Long Term Debt Climbs on Weak BoJ's Q1 Tankan Report The Japanese long term debt rallied on Friday after the Bank of Japan's quarterly Tankan report disappointed market as it will put more pressure on policymakers to unleash another round of stimulus in the upcoming policy meet...
UK Manufacturing PMI Preview: What to Expect of GBP/USD? UK March manufacturing PMI figure is due for release today and the consensus estimate is calling for a slight improvement to 51.2 from Feb figure of 50.8. Trapped between key Fibo levels Having recovered from 1.4330 (23.6% of 1.5930 – 1...
US March NFP Preview: Downside Miss Expected – TDS Research Team at TDS, suggests that the March has a tendency to be a weaker month for nonfarm payrolls, as the creation of an average of 150K jobs over the last five years falls well short of the 200K+ average in both February and April...
AUD/JPY Taking on the Recovery above 86 Handle A classic risk-off theme extends into early Europe, with AUD/JPY bearing the brunt of a global sell-off on the final trading day of the week. AUD/JPY struggles to take-out 1h 50-SMA at 86.18 The AUD/JPY pair now drops -0.15% to 86...
USD/JPY Recovery Falters Once Again Near 112.40 The USD/JPY pair is seen wavering back and forth in a narrow range, struggling with the recovery from just ahead of 112 handle...
FXWIREPRO: AUD/JPY Buying Momentum Shrinks Away Upon Doji Formation - Best Times for Speculators (ranging 84-86.700) Long Legged Doji forms at peak of 86.173 levels with leading oscillators divergence, speculative range 84-86.700...
EUR/USD Regains Bid Tone as Stoxx 50 Futures Drop 1% EUR/USD has regained bid tone and is eyeing 1.14 handle amid signs that risk aversion in Asia has hit European shores...
USD/CHF Off Highs, Returns to 0.9600 USD/CHF keeps its bearish note unchanged at the end of the trading week, coming back to the 0.9600 neighbourhood after a bull run to 0.9620 overnight...
BoJ Tankan Worsens – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that the downward risk to USD/JPY is greater under worsening Japan-US economic conditions...
Low Commodity Prices, Market Volatility Continues to Weigh on Canada's Small Business Confidence Small business confidence in Canada deteriorated again in March after taking a break in February. The CFIB business barometer index dropped 2.4 points to 52.3 in March, the lowest since early 2009...
Indonesia Inflation Rises As Expected In March Indonesia's consumer price inflation accelerated as expected in March, though slightly, figures from the Central Statistical Agency showed Friday. The consumer price index rose 4.45 percent year-over-year in March, faster than the 4...
Oil Drops Amid Risk-off in Equities Oil benchmarks fell in Asia and remain weak in early Europe amid signs of risk aversion in the Asian equities. At the time of writing, WTI oil was down almost 1% at $38/barrel. Brent oil was down 0.67% at $40.06/barrel...
The price does not move linearly. If she moved so we could effectively trade on the basis of the moving average. We determine the direction and began to open up in this way. All trading. Price moves in waves...
In anticipation of today's #NFP report, the U.S. dollar has stabilized a bit. Market participants are still hoping for the labor data. But will the index really help the #dollar to return to the growth? Find out more by checking out the Source Link...
AUD/NZD rallied hard aft the Chinese data that propped up the Aussie, although AUD/USD found the 0.77 a tough nut to crack and halted the bulls. AUD/NZD however managed to score over 40 pips and ran to 1.1122 highs...
FXWIREPRO: EUR/GBP Upside Pauses Just Shy of 0.7946 (2016 Highs), Momentum Higher The euro extended gains versus the pound, hit high at 0.7944, just two pips below 0.7946 (2016 highs). The pair extends gains above 0.7900 in the wake of the euro area flash inflation figures released on Thursday...
