USD/JPY: Go Long on Dips to 112.00 – Westpac Occasional dips towards the 112.00 area in USD/JPY are considered as buying opportunities, according to strategists at Westpac. Key Quotes “USD/JPY has not been able to break back above 114...
EUR/JPY Off Lows as JPY Selling Underway in NY session The offered tone around JPY gathered traction in the NY session, helping the EUR/JPY cross trim losses to trade around 123.50 levels...
EUR/USD Drops Further, Visits 1.0950 The shared currency keeps losing altitude on Wednesday, now sending EUR/USD to fresh daily troughs in the mid-1.0900s. EUR/USD cautious ahead of ECB Spot is prolonging its daily pullback from overnight tops near 1...
GBP/USD Fails to Sustain Intraday Gains, Falls Back Below 1.4200 GBP/USD advanced to daily highs during the European session following a string of mostly upbeat UK data. GBP/USD climbed to a peak of 1.4240, but failed to sustain gains and retreated to the 1...
AUD/USD in Fresh Highs Near 0.7500 The bullish momentum around the Aussie dollar remains unabated so far, now lifting AUD/USD to the boundaries of 0.7500 the figure. AUD/USD in multi-month peaks The pair continues its march north today, visiting levels last traded in July 2015 around the 0...
Yen Falls Against Majors The Japanese yen erased its early gains against its major rivals and declined in European deals on Wednesday. The yen eased to 76.31 against the kiwi, 84.41 against the aussie, 160.29 against the pound and 112.67 against the franc, from its early 6-day high of 75...
Yesterday say yet another poor news revelation from China with the contracted exports falling -25.4% in USD term Despite this Chinese markets actually trade higher yesterday with hopes that the PBoC will increase stimulus. Chinese exports plummeted one quarter in February;- 25...
EUR/GBP: Bearish Mood Intact After Upbeat UK Data The EUR/GBP pair is looking to extend losses after the data in the UK showed manufacturing output improved higher than estimates in January. Eyes 0.77 handle The cross appears on track to test psychological support level of 0.77...
GBP/USD Advances Above 1.4200 Post-UK Data The sterling has now recovered the smile after mixed UK releases, lifting GBP/USD to test session highs near 1.4240. GBP/USD keeps 1.4200 on data Spot is now extending its bounce off session lows in the 1...
GBP/JPY Retakes 160.00 Handle Ahead of UK Data The buying interest in Sterling spiked ahead of the UK data release, pushing the GBP/JPY pair back above 160.00 levels. Trades positive on the day The cross now trades moderately positive on the day near 160.20 levels...
USD/CAD Off Highs, Back Near 1.3400 USD/CAD has faded the initial spike to daily peaks in the mid-1.3400s, coming back to challenge the critical support at 1.3400 the figure. USD/CAD attention to oil, BoC Crude oil prices have abandoned the area of recent highs beyond the $38...
GBP/USD Turns Positive Ahead of UK Data The bid tone around Sterling strengthened, pushing the GBP/USD pair higher on the day to 1.4222 levels ahead of the UK manufacturing production data. Supported by 23.6% Fibo level Pair flirted with 1.4178 (23.6% of 1.3835-1...
Canadian Dollar Off Early Lows Vs Euro and U.S. Dollar The Canadian dollar trimmed its early losses against the euro and the U.S. dollar in pre-European trading on Wednesday. The loonie recovered to 1.4731 against the euro and 1.3418 against the greenback, from its early low of 1...
EUR/USD: Sell Rallies Towards 1.12 – Westpac Strategists at Westpac have recommended selling the pair on rallies towards the 1.1200 area. Key Quotes “EUR/USD materially overvalued against 2yr Bund-Tsy spreads, the latter suggesting 1.05/06 is more "reasonable". “That said a run at 1...
EUR/JPY Deflates to Lows Near 123.50 The now offered tone around the European currency is dragging EUR/JPY lower on Wednesday, testing the area of daily lows in the mid-123.00s...
AUD: Consumer Sentiment Eased Back - TDS Research Team at TDS, notes that the Australia’s March consumer sentiment eased back to 99.1 after the inexplicable +4.2% to 101.3 in Feb. Key Quotes “A small fall was not a surprise, and 99.1 remains within the range of recent months...
AUD: Failing Fundamental Tests of Strength - ANZ Daniel Been, Senior FX Strategist at ANZ, suggests that the AUD has remained remarkably resilient which has driven the AUD back into territory that suggests it is overvalued...
USD/JPY Bulls Rescued by Stronger USD, Recovers to 112.70 Having bottomed out near 112.40 region, the USD/JPY pair almost reversed the entire slide seen post-Tokyo open and now aims to test 113 handle. USD/JPY finds support near Tuesday’s low The major once again attempts recovery from 112...
European Economics Preview: U.K. Industrial Output Data Due Industrial production from the U.K. is due on Wednesday headlining a light day for the European economic news. At 1.00 am ET, Statistics Estonia is slated to publish external trade data for January. The trade deficit widened to EUR 160...
