The greenback was mostly backed vs major currencies on Wednesday, as market players awaited the outcome of today's Fed meeting, with the bank expected to stick to its pledge to be patient on tightening monetary policy...
The eFXnews Team shares SEB’s expectations on today’s FOMC statement, with SEB predicting that FOMC may retain its language that it can be ‘patient’, and that Fed might have a dovish tone in terms of short-term inflation forecasts...
GBP/USD edged higher in the mid-European session, breaking away from the consolidation channel seen in the previous session as markets brace for the upcoming Fed’s decision. The GBP/USD pair traded at 1.5204 levels, marginally higher by 0.08% on the day, close to fresh daily highs posted at 1...
The stabilization on the currency market will contribute to considerable strengthening of the ruble, Russian Deputy Finance Minister Alexei Moiseyev said...
Copper advanced on Wednesday, as market players awaited the outcome of the Federal Reserve's policy meeting later in the day for guidance on interest rates...
China's currency has been outrunning both the Canadian and Australian dollars since November, according to a SWIFT statement. Some experts say the yuan could eventually overtake the American dollar share in international markets...
S&P cuts Russia’s debt rating for the first time in six years. Geopolitical risks continue to weigh on the RUB as the situation in eastern Ukraine worsens...
Shares in European suppliers of Apple Inc leapt on Wednesday after the technology giant announced the largest profit in the history of the firm, spurred mainly by record sales of iPhones and strong demand in China...
EURCHF and USDCHF are having another run-around and so far have fallen back to 1.0228 and 0.9016 from 1.0320 and 0.9090 highs after their early session spikes from 1.0260 and 0...
AUDUSD - With AUDUSD turning higher on Monday and following through higher on Tuesday, it now faces the risk of further upside in the days ahead. On the downside, support resides at the 0.7850 level where a breach will aim at the 0.7800 level...
The Aussie traded higher as a result of mild inflation data, as underlying prices dashed expectations for a near-term rate cut...
EUR/USD short-squeeze to continue On Tuesday, markets traded more volatile. The euro short squeeze continued even as sentiment on risk deteriorated. The dollar came under further pressure as several US bellwethers reported disappointing results...
On Tuesday U.S. stocks closed more than 1 percent lower as disappointing results from a number of leading companies pointed to weakening conditions, while an unexpected decline in durable goods orders also pressured the positive sentiment...
With market focus largely on the European Central Bank so far in 2015, the Fed has found itself playing second fiddle. And it is highly unlikely that we will hear anything from the Fed tomorrow to steal the spotlight back from Frankfurt...
A brief update in regards to client equity and withdrawals: As of Thursday, 22 Jan 2015 100% of pending withdrawal requests were processed amounting to 93% of the $1.954M in client equity held by Global Brokers NZ Ltd (GBL...
Australia's Q4 core CPI number surprised to the upside, against the widely-held belief that the recent disinflationary trend would continue, adding to the case of the RBA potentially holding to its neutral bias in the months to come, given the relatively firm outlook in prices...
Today’s surprise policy easing from the MAS is likely to reinforce the underperforming trend in the SGD, notes Jonathan Cavenagh, FX Strategist at Westpac, adding that higher levels in USD/SGD are likely to materialise between now and the next policy announcement in April...
According to Yujiro Goto, FX Strategist at Nomura, the slowdown in Japanese inflation may continue for the time being, putting pressure on the BOJ to ease further...
Imre Speizer, FX Strategist at Westpac, expects the RBNZ to shift from a tightening bias to a neutral one, adding that markets are already well ahead of the game and unlikely to be moved. Key Quotes "We expect the RBNZ to shift from an explicit tightening bias to a neutral one...
U.S. stocks tumbled on Tuesday, with Microsoft and Caterpillar shares down sharply after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment...
