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Banknotes are changing - with the look and feel of the cash in our pockets going through significant changes in the coming years. The Bank of England's first plastic banknote will enter circulation in September, when the new £5 note featuring Sir Winston Churchill is issued...
EUR/USD Still Bearish Near-Term – Scotiabank Chief FX Strategist at Scotiabank Shaun Osborne has reiterated the negative outlook on the pair in the short-term. Key Quotes “EUR/USD has moved sideways overnight and remains capped in the upper 1.13s”...
EUR/JPY on Track to Extend Near-Term Recovery As recovery in equity markets and oil prices get underway, a quick turnaround in market sentiment reduced appeal for the perceived safety of the Japanese currency (JPY) against most major currencies. EUR/JPY moves back above 124...
Brent: Indicators Give Sell Signals The price of crude oil Brent has dropped since the beginning of today’s trading session. The decline was caused by the API data on the rise in oil reserves in the USA and by the news that the strike of oil workers in Kuwait has finished...
Brent: According to API Oil Reserves in the USA Have Grown According to the data presented by the American Petroleum Institute (API) oil reserves in the USA grew against last week (+3.1 million barrels against the rise of 6.2 million barrels a week earlier...
USD Downside Appears Limited – Westpac According to strategists at Westpac, the decline in the greenback could slow its pace in the next weeks...
FxWirePro: CHF/JPY Faces Strong Support at 112.80, Good to Buy at Dips Major resistance – 114 Major support – 113 The pair has made a high of 113.98 and declined from that level. It is currently trading at 113.65. Short term trend is slightly bullish as long as support 112.80 (Tenken-Sen) holds...
FxWirePro: Should We See Sterling Further Breakdown - Fx Swaps Strategies We’ve shifted back to the top of the recent range as UK’s claimant count change and unemployment data announced today, Change in the number of people claiming unemployment remained at 6...
USD/JPY Poised for Further Rangebound – UOB Further consolidative range is seen in USD/JPY in the next 1-3 weeks, according to analysts at UOB Group. Key Quotes “As expected, USD extended its gain but held below last week’s peak of 109.72 (high of 109.49...
EUR/USD Challenges Highs Near 1.1380 The common currency remains on a firm footing on Wednesday, with EUR/USD showing strength near the 1.1380 region, or daily peaks...
S&P 500 Futures Recover to Reclaim 2100 Mark Spoofed by drop in crude oil prices and a slump in Chinese stock market, broader US equity indices futures were trading lower before recovering, pointing to a higher open on Wednesday...
China: Property Prices Momentum Building - Westpac Elliot Clarke, Research Analyst at Westpac, suggests that according to the Chinese 70 city property prices for March 2016, momentum is building within each tier; but Tier 1 gains still highly disproportionate...
USD/TRY Testing 2.80 on CBRT Decision The Turkish Lira is sharply appreciating vs. the greenback today, now dragging USD/TRY to multi-day lows around 2.80...
With risk premia coming down globally, investors will be looking around for laggards. GBP's risk premium has remained high for very good reasons, mostly associated with the upcoming June 23 EU referendum...
NZD/USD: BREAKING UP: Kiwi broke the psychological 0.70 number amid a positive ‘risk’ session. The GDT auction lifted and kiwi continues to look like its heading for resistance near 0.72. Expected range: 0.6980 – 0...
EUR/USD: Bearish: Diminished odds for further down-move. We mentioned in recent updates that EUR has to move below the 1.1230 support soon or risk a rapid loss in downward momentum...
FxWirePro: AUD/JPY Rejected at Session Lows, Finds Strong Support at 84.60 AUD/JPY finds strong support by 5-DMA at 84.60, pair has held support and edged higher to currently trade at 85.28. Technicals on daily charts point to furher gains. Pair on track to test next hurdle at 85...
Eurozone: Light on Action, Heavy on Words - ING Carsten Brzeski, Chief Economist at ING, suggests that after months of excitement and two new attempts by the ECB to revive the Eurozone economy, tomorrow’s ECB meeting should be light on new action...
USD/CAD Further Pullbacks Expected – Westpac Strategists at Westpac believe the pair is headed towards lower levels in the next months. Key Quotes “Weakness in USD/CAD has further to go, a potentially higher March CPI next week thanks to stronger energy prices may well be a catalyst”...
