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FXWIREPRO: Modifying Strategy in Our Pound/Dollar Bull Call Anyone who have read through our post “Pound could gain towards 1.5 against Dollar” could easily relate, if not then you have the article here - http://www.econotimes.com/FxWirePro-Pound-could-gain-towards-15-on-weaker-Dollar-178482...
Expect Downward Pressure on the JPY Going Forward - NAB Research Team at NAB, notes that the Japan’s foreign exchange reserves remain high, and at USD1.25 trillion are the second highest in the world, after China...
Cable Jumps Above 1.44 on Broad Based USD Selling European desks are offering US dollars in response to dovish Yellen, pushing the GBP/USD pair to a session high of 1.4426 levels. Trades at 7-day high At 1.4426, the spot is trading at its highest since March 21...
USD/JPY Could Test 115.00 in 3-Month – Danske Bank Analyst at Danske Bank Mikael Milhoj sees the pair climbing towards the 115.00 handle in a 3-month horizon...
BOJ’s Negative Rates Drive Japanese Lending Rates to Record Low On Wednesday, Reuters reported the data released by Bank of Japan (BOJ), which showed the Japanese lending rates hit a record low in February, and highlighted its negative impact on the commercial banks' profit margins...
EUR/USD Upside Capped Near 1.14 – Westpac Strategists at Westpac have hinted at the possibility that the pair’s upside could struggle around 1.1400. Key Quotes “Not a lot to do or say while EUR/USD ambles in a wide 1.08-1.14 range for yet another week”...
EUR/USD Forecast: Focus on US ADP – Commerzbank and UOB EUR/USD has returned to the 1.1300 neighbourhood following Tuesday’s dovish tone from Chairwoman Yellen and ahead of today’s ADP report in the US economy...
EUR/GBP Offered at Hourly 50-MA, Turns Negative EUR/GBP faced rejection at hourly 50-MA level of 0.7858 levels and erased gains as Stoxx 50 futures opened higher...
Oil Rebounds in Asia, EIA Inventory Report Eyed Oil benchmarks on both sides of Atlantic posed a minor rebound in the Asian trades, bringing a halt to the five consecutive sessions of declines...
USD/CAD Sidelined Below 1.3100, ADP Eyed USD/CAD is posting moderate losses around the 1.3060 area on Wednesday ahead of the key US ADP report. USD/CAD lower post-Yellen Spot has come under renewed selling pressure in response to the dovish speech by Chief J...
GBP/USD: Bullish Move Stalls as "In" Campaign Lead Narrows GBP/USD is working hard to avoid losses in early Europe after a latest Ipsos Mori poll showed "In" campaign lead narrowed. Trades above 38.2% Fibo At 1.4376, the spot is sitting a few pips above 1.4368 (38.2% of 1.5230-1.3835...
ECB Coeure: Won’t take Rates into 'Absurdly Negative Territory' More ECB Coeure headlines from Politico interview published on ECB site: Not short of instruments; choice quite large Won’t take rates into 'absurdly negative territory' 'Helicopter money' not part of Gov council discussion...
EUR/JPY Breaks Below 127.00, Session Lows The buying interest around the Japanese currency has dragged EUR/JPY back below the 127.00 key support on Wednesday. EUR/JPY lower on JPY-buying Yesterday’s dovish remarks from Chairwoman J...
Japan’s Current Account Surges to a Recent High - NAB Research Team at NAB, notes that the Japan’s current account surplus surged to ¥16.64 trillion in 2015 (3.3% of GDP), the strongest outcome since 2010. Key Quotes “The goods account improved by ¥11.3 trillion (to -¥643...
JPY: Impact on Economy of Strong Yen – Nomura FX strategy team at Nomura, had lowered its end-2016 USD/JPY forecast to 122, from 130...
The USD tumbled against the CAD after U.S. Federal Reserve Chair Janet Yellen delivered a speech at the Economic Club of New York...
On Tuesday, #traders were looking forward to hear a speech of the Fed head Janet Yellen hoping to receive confirmation of comments, that many members of #FOMC had previously made. However, #Yellen expressed in the usual cautious tone. Find out more by checking out the Source Link...
Investors returned to the big banks to push up the local market, after the dovish comments from US Federal Reserve Chair Janet Yellen overnight. The ASX 200 was up 42 points in early trade, or 0.8%, at 5047, while the All Ordinaries was up 41 points at 5117...
European investors return on Tuesday following the long bank holiday weekend and while the trading week may be a little shorter it’s likely to be quite eventful, with particular interest being on the Federal Reserve ahead of its April meeting...
