NZD/USD: NZD is Under Pressure On Wednesday the largest dairy company of New Zealand “Fonterra” reported the rise in net profit, which was 409 million NZD in the past 6 months compared to 184 million NZD for the previous period. However, this news did not boost the rise in the NZD...
GBPJPY continues to trade within a descending technical formation with the pair testing support at 158.48. Here are the updated targets & invalidation levels ...Continue Reading...
The USDOLLAR Index has rallied everyday this week, but if it wants to rally further, it's going to need to clear out a recent swing level just overhead. Continue Reading...
Bitcoin is the most popular virtual currency yet developed. Proponents assert that bitcoin can remove frictions involved in payment and settlement systems by eliminating the need for the financial intermediaries that exist in traditional currencies...
NZD: Scope for Short-term Rates to Move Lower Over Time - ANZ Research Team at ANZ, suggests that with the market not fully pricing in the 50bps of RBNZ cuts they expect over 2016, there is scope for short-term rates to move lower over time...
USD/CAD Upside Capped Around 1.3100 The Canadian dollar is giving away part of the recent gains vs. its neighbor on Wednesday, with USD/CAD trading on a firm note near 1.3080...
RBA did not Talk Down the AUD - TDS Research Team at TDS, notes that yesterday’s RBA Stevens’ ASIC opening remarks were familiar, i.e. economy adjusting well but scope to ease. Key Quotes “Upbeat (as is usual for him when solo) is because it's "zeitgeist to look for downside...
RBA More Cautious About Talking Down the AUD – MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the weakening global growth outlook and likelihood that China’s economy will continue to slow in the coming years does not appear to provide strong foundations for a sustainable and broad-base...
Euro Falls Against Most Majors The euro weakened against most major currencies in the early European session on Tuesday. The euro fell to more than a 2-week low of 1.0881 against the Swiss franc and a 6-day low of 1.1188 against the U.S. dollar, from early highs of 1.0914 and 1.1259, respectively...
GBP/USD Bounces Off 1.4250 on UK CPI The decline in the sterling seems to have found some support vs. the greenback around the mid-1.4200s, with GBP/USD rebounding towards 1.4285/80 band. GBP/USD bid after UK data The pair has managed to gather some traction after UK consumer prices have risen 0...
USD/JPY: Heavy Selling Since Brussels Airport Explosion USD/JPY has lost the 112.00 handle, currently printing fresh lows for the day near 111.75, with the initiated selling being triggered by an explosion at Brussels airport, with several people reported dead...
RBA Stevens: AUD May be Getting Ahead of Itself AUD may be getting ahead of itself said RBA's Stevens, speaking at the ASIC Annual Forum in Sydne, in the Q&A session, adding that it's hard to find a central bank that would prefer a higher currency...
AUD/USD Attempting Gains Above 0.76 after Stevens Speech The Aussie dollar remains on front foot, with the AUD/USD pair now attempting gains above 0.76 after RBA’s Stevens refused to comment on AUD...
Tactical GBP Trading into the Referendum - Nomura Nomura is entering short GBP/USD at 1.40 via digi puts with expiry prior to the referendum date as uncertainty around the vote continues to keep the Sterling under pressure...
RBA's Glenn Stevens, speaking at the ASIC Annual Forum in Sydney, said there's more room to ease policy than most should a serious downturn occur...
NZ Dollar Advances Most Against Majors The New Zealand dollar strengthened against most major currencies in the Asian session on Tuesday. The NZ dollar rose to a 4-day high of 75.93 against the yen, from yesterday's closing value of 75.64. Against the U.S...
Renewed Euro Weakness Ahead - Westpac Sean Callow, FX Strategist at Westpac, expects renewed weakness in the shared currency, which should allow EUR/AUD for a target of 1.45...
Australian Dollar Rises Against Majors The Australian dollar strengthened against the other major currencies in the Asian session on Tuesday. The Australian dollar rose to a 4-day high of 85.10 against the yen, from yesterday's closing value of 84.82. Against the U.S...
AUD/USD Awaits Stevens AUD/USD is consolidated sub the 0.76 handle as the PBOC sets the USD/CNY mid -point today at 6.4971. AUD/USD been in gradual decline since losing the 0.76 handle again in the US, post a pop-up to test the 0.7620 offers in European trade...
