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GBP/USD Backs Away From 1.4500 GBP/USD eased from fresh 2-month highs at the beginning of the New York session as the pound lost momentum following a 120-pip rally. GBP/USD advanced to its highest level since mid-February helped by US President Obama’s support for UK EU membership...
USD/JPY Limited Downside? – Rabobank Senior FX Strategist at Rabobank Jane Foley, has hinted at the likeliness that JPY could have less room to extend...
US Dollar Weaker, Unable to Regain 95.00 The greenback, tracked by the US Dollar Index, is snapping a 3-day positive streak today, returning to levels below the 95.00 mark...
USD/JPY Keeps 111.00 on Poor US Docket USD/JPY remained apathetic after poor results from today’s US calendar, keeping the trade around the 111.00 neighbourhood. USD/JPY supported near 110.80 The pair has managed to rebound from earlier troughs near 110...
EUR/USD Steady After US New Home Sales EUR/USD remained little changed near session highs, following the release of disappointing March new home sales data for the US. New home sales dropped 1.5% to 511,000 pace in March, missing by far expectations of a 1.0% increase...
FxWirePro: Gold Steadies from Daily Lows, Outlook Bullish Gold inched up from Friday’s lows on Monday, as retreat in dollar helped the commodity recover some ground. The yellow metal has bounced from $1230 up to trade at $1239 in the US session...
GBP/USD Still Faces Resistance at 1.4500/20 – BBH In opinion of analysts at BBH, Cable’s upside could find strong resistance in the 1.4500/20 band. Key Quotes “Sterling is flirting with a down trendline drawn off the early-February high and March highs”. “It was near $1.4410 before the weekend...
Gold Retreats From Highs, Below $1,240 The ounce troy of the precious metal keeps the area of daily highs near $1,240 on Monday following a continuous selling mood around the US dollar...
Anticipation is building ahead of Thursday’s BOJ meeting result, with the JPY weakening sharply this past week in anticipation...
In the very short-term it will be about this week’s Fed monetary policy announcement to drive sentiment...
EUR/USD Holds Onto Daily Gains EUR/USD hovers near session highs as the dollar maintains the soft tone at the beginning of the New York session...
FxWirePro: Bears Resume Again As EUR/CHF Approaches 1.1015 and Range bounded Trend Back in Action Both on daily and weekly plotting, after two weeks of upswings bulls have now taken a halt as price touches at 1.1015 levels...
Bookmakers reacted to the intervention of President Obama in the UK’s EU referendum debate by lengthening the odds of a ‘leave’ vote...
AUD/USD Tests 0.7730 Immediate Resistance Broad based USD selling pressure lifted the AUD/USD pair back above 0.7700 mark to session high of 0.7729, representing a short-term ascending trend-channel break-point turned immediate resistance...
NZD/USD Back to Neutral Stance – UOB In view of analysts at UOB Group, the Kiwi dollar’s outlook has now shifted back to neutral from bullish. Key Quotes “Our recent bullish expectation for NZD was proven wrong quickly as the stop-loss at 0.6910 was taken out”...
USD/CAD Keeps Pointing Southwards – Scotiabank Eric Theoret, FX Strategist at Scotiabank, has reiterated the bearish bias in the pair in the near term. Key Quotes “USD/CAD appears to be consolidating at the lower end of its descending trend channel with recent congestion centered around 1.2680”...
In the early post-crisis years, a wide variety of monetary policy models—including different versions of the Taylor rule and the “optimal control” approach popularized by then-Vice Chair Janet Yellen—signaled that Fed officials would need to keep US monetary policy extremely easy for much longer...
EUR/GBP Seen at 0.75 in 3-Month – Rabobank Jane Foley, Senior FX Strategist at Rabobank, believes the cross could slip lower towards 0.75 in a 3-month view...
USD/CAD Fails to Hold Above 1.2700 The Canadian dollar trades slightly weaker against the greenback as oil prices eased from 5-month highs during the European session. USD/CAD rose briefly above 1.2700 and reached a daily high of 1...
