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USD/JPY: BoJ Set the Stage for Further Yen Strength - MUFG Analysts from The Bank of Tokyo-Mitsubishi UFJ, see that the Bank of Japan (BoJ) provided a green light for further yen strength, but the US dollar could gain some support ahead of the US employment report...
FxWirePro: EUR/USD Runs Out of Steam But Maintains Bullish Outlook The EUR/USD pair declined up to 1.1323 in the early US session but the bears quickly faded as the data showed US GDP weakened in the first quarter. The economy expanded only by 0.5 percent missing estimate of 0...
EUR/USD Completes Round-Trip, Erases Daily Gains EUR/USD completed a round-trip and erased completely intraday gains, after reaching a 1-week high of 1.1367 during the European session...
GBP/JPY Finds Support at 157.00, Still Down More 400 Pips GBP/JPY is falling sharply on Thursday's on the back of a stronger yen. During the last hours, the pound managed to move off session lows but is still headed toward a decline of more than 500 pips. GBP/JPY collapse finds support at 157...
EUR/USD: Neutral Outlook, Risks Becoming More Balanced - MUFG Analysts from The Bank of Tokyo-Mitsubishi UFJ, a cautious Federal Reserve may encourage one last leg lower for the US dollar but risks becoming more balanced in the EUR/USD pair. They expect it to trade neutral between 1.1200 - 1...
USD/CHF Attempting a Move Above 0.9700 Mark The USD/CHF pair has been trending lower and is currently trading off day's through but still below 0.9700 round figure mark...
Brent: The Price Goes Up Despite the Forecast. Fundamental Analysis Although yesterday the US Department of Energy presented the data showing that oil reserves in the USA rose by 1.999 barrels in the week of 16-22 April (a week before that oil reserves rose by 2...
Brent: In the Upward Channel. Technical Analysis Review and dynamics: On the daily chart the price of crude oil Brent continues to grow in the ascending channel with the upper limit at the level of 48.40. Currently the price has reached new annual highs at the level of 47.30...
Analytical Review of the Currency Pair AUD/USD Technical data of the currency pair: Previous closing: 0.7600; Daily range: 0.7574-0.7658; Opening: 0.7600...
FxWirePro: AUD/USD Gains Some Upside Momentum But Still Bearish AUD/USD declined on Thursday after soft inflation data weighted on Australian dollar on expectation of a cut in rates by Reserve Bank of Australia...
GBP/USD Trims Most Daily Gains GBP/USD was rejected once again from the 1.4620 zone and fell back below the 1.46 mark, trimming most of its intraday gains. GBP/USD pulled back to a session low of 1...
USD/JPY Moves Off Daily Lows, Back Above 108.50 The yen lost momentum during the last hours as stocks in the US recover ground and following US GDP data. USD/JPY dropped to test daily lows but bounced to the upside, breaking above 108.45/50 (European session highs). The pair recently reached 108...
AUD/USD Retraces but Holds its Neck Above 0.7600 Level The AUD/USD pair retraced from 0.7657 and following the release of US GDP data dipped below 0.7600 handle to currently trade near 0.7610 level. Wednesday's weak Australian CPI number led to sharp fall in the AUD/USD pair, taking if below 0...
USD/CAD Unable to Clear 1.2600 Immediate Hurdle The USD/CAD pair has managed to register a minor recovery from day's through of 1.2528 but seems to face difficulty in moving back above 1.2600 handle...
Gold Trading $1250 on Weak US Dollar Weaker US Dollar helped Gold to gain momentum on Thursday, taking the yellow metal above the closely watched $1250 level...
EUR/USD Edges Lower After US GDP, Jobless Claims EUR/USD edged slightly lower but remained in positive ground for the day following a string of disappointing US data. US GDP slowed to 0.5% in the first quarter according to the advance estimate, missing expectations of 0.7% grow...
“If the UK votes to remain in the EU, any further relief rally in sterling could prove short-lived.” - Oliver Jones Assistant Economist at Capital Economics...
The last two weeks have seen an apparent widening in poll results in favour of a Remain win, with polls more often showing a 10-point lead than not...
'Bremain' odds are unlikely to advance much further argue TD Securities who warn this could be as good as it gets for the pound and interest rate yields. The yield on UK sovereign debt has rallied sharply as investors demand less return for holding UK assets ahead of the EU referendum...
