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Fed Chair Janet Yellen has some explaining to do. Yellen speaks Tuesday in a much anticipated midday appearance before the Economic Club of New York — just days after several Fed officials surprised markets by saying a rate hike could be coming soon. The problem is that the U.S...
EURGBP has gained nearly 1,000 pips since November of last year, the longest sustained rally since the 2012 low. It hasn’t been pretty at times, and just when the pair seemed ready to give in, it somehow managed to churn higher...
AUD/USD Takes-Out Monday’s High, What Next? The ongoing bullish momentum in the Australian dollar found fresh legs in the mid-Asian trades, driving AUD/USD well beyond the mid-point of 0.75 handle. AUD/USD trades above all major DMAs Currently, the AUD/USD pair trades 0...
The yen nursed broad losses early on Tuesday and even underperformed a defensive greenback, which sagged on the back of disappointing U.S. economic data...
Gold Slips in Asia, Bears Back in Control? Gold prices failed to sustain the overnight recovery from one-month lows and slipped back into the red zone in the Asian session this Tuesday. Gold drops below $ 1220 mark Currently, gold drops -0.28% to 1219...
Asian Stocks Struggle to Find Footing After Easter Break With liquidity back into markets after a four-day Easter holidays break, the stocks on the Asian indices turned into the negative territory after an early wobble this Tuesday, with the Australian stocks leading the decline in its Asian coun...
Q1 GDP US Tracking Update - Nomura Analysts at Nomura offered a Q1 GDP tracking update for the US economy. Key Quotes: "The advance goods trade report for February showed that imports and exports both increased in February...
EUR/USD: Technically Bllish Through 1.1245 - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair reached a daily high of 1.1219 before retracing towards the 1.1200 level, easing as Wall Street trimmed most of its early losses ahead of the close...
AUD/USD: Bulls Hoping for a Dovish Yellen AUD/USD is making fresh lows after the PBOC set USD/CNY's central rate at 6.5060 vs Monday's fix at 6.5232, following a slide in the greenback in overnight trade...
USD/JPY Explodes Higher, Testing 113.65/70 Offers USD/JPY has seen an explosion to the upside, taking the exchange rate from a low of 113.24 all the way up to 113.64, with the pair heading for an 8th straight day of gains...
Fitch: Indonesia Bank Support Unchanged by New Financial System Law The recent approval of the Financial System Crisis Prevention and Mitigation Law by the Indonesian House of Representatives does not materially change the likelihood of government support for domestic systemically important banks...
FXWIREPRO: USD/SGD Rejects Key Resistance at 1.3728, Intraday Bias Remains Bearish USD/SGD is currently trading around 1.3678 marks. It made intraday high at 1.3703 and low at 1.3673 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3728 levels...
FXWIREPRO: Nikkei225 Faces Major Support at 16500, Good to Buy at Dips Major resistance - 17300 The index has recovered after making a low of 16923 at the time of writing.It is currently trading around 17091.Short term trend is bullish as long as support 16500 holds...
USD/JPY: BUY Signals! The decline in the pair USD/JPY which has lasted since December 2015 seems to stop at the level of 111.40. Since March 18 the pair has grown without pullbacks...
USD/JPY: It is Expected that the Interest Rates in the USA will be Raised It seems the USD has grown due to the verbal support provided by US Fed representatives. President of the US Fed in St. Louis Mr...
Japanese Yen Gains on the Back of Higher Than Expected Household Spending Data USD/JPY is currently trading around 113.32 marks. It made intraday high at 113.48 and low at 113.28 levels. Japanese household spending rose for the first time in six months in February. Household spending rose 1...
Japan Household Spending Climbs 1.2% In February The average of household spending in Japan advanced 1.2 percent on year in February, the Ministry of Internal Affairs and Communications said on Tuesday - standing at 269,774 yen. That topped expectations for a decline of 1...
EURUSD Daily Forecast: March 29 2016 EURUSD Forecast The EURUSD had a bullish momentum yesterday topped at 1.1219. The bias is bullish in nearest term especially if price able to make a clear break and consistent movement above 1.1220 retesting the trend line resistance and 1.1280 – 1...
GBPUSD Daily Forecast: March 29 2016 GBPUSD Forecast The GBPUSD had a bullish momentum yesterday topped at 1.4282. The bias is bullish in nearest term testing 1.4300 – 1.4400 region as a part of the bullish phase since rejection to move below 1...
