AUD/USD Upside Appears Capped Above 0.77 – UOB According to the research team at UOB Group, the pair’s upside could striggle around 0.7740. Key Quotes “While the break above the month’s high of 0...
USD Losing Momentum? – Danske Bank Jens Pedersen, Senior Analyst at Danske Bank, has assessed the recent performance of the greenback. Key Quotes “USD bulls are losing confidence as Fed Chair Yellen’s latest comments seem to undermine previous hawkish comments from other board members”...
Yesterday, the ADP report for March showed jobs rose 200k - a touch higher than expectations (195k) and confirming that the labour market remains robust.Revisions to February were minor at -9k, taking this measure of jobs growth in the month to 205k...
Crude Oil Prices Update: WTI & Brent Decline Sharply, Why? Crude Oil prices WTI and Brent fell sharply during the Asian session. Investors failed to prevent losses in crude oil price...
Pre European Open, Daily Technical Analysis Thursday, March 31, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: rebound. Pivot: 1.1300 Most Likely Scenario: long positions above 1...
Thursday’s a busy day for economic news, including a new estimate of Eurozone GDP growth via the Euro-Coin Indicator. Later, we’ll see the flash data for consumer inflation in Europe for March and the weekly numbers for US jobless claims...
We argue that the EUR is underpricing the potential economic disruption related to Brexit and shorting EUR/USD is a cheaper way than shorting GBP/USD to hedge for such a possibility...
Dollar Heads for Biggest Quarterly Loss in Five Years on Yellen Lilian Karunungan and Chikako Mog Commodity currencies gain on signs U.S...
On Thursday, #AUD is declining against the U.S. dollar amid mixed statistics on Australia. At the time of writing, #AUDUSD is trading at 0.7653, shedding 0.23%. The negative impact on the pair had the HIA new home sales data. Find out more by checking out the Source Link...
CAD: Setting Up for Real GDP (January) – TDS Research Team at TDS, suggests that strong activity-level data will lend support to what should be a stellar month for the Canadian economy. Key Quotes “Real industry-level GDP is forecast to grow at an above-consensus 0...
USD/JPY: Further Downside Expects Below 111.97 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair could re-test 110.67 in case it breaks below 111.97. Key Quotes “USD/JPY’s correction higher has failed at the top of a 6 week channel at 113...
EUR/JPY Testing Lows Around 127.00 The overnight decline in EUR/JPY seems to have met buyers in the 127.00 neighbourhood, pushing the cross back to 127.10/55...
GBP/USD Hourly 50-MA is Back as Resistance in Early Europe GBP/USD drifted lower in Asia, re-establishing hourly 50-MA as resistance ahead of BOE Carney’s speech and UK GDP release. Focus on Carney Governor Carney’s comments are scheduled to hit the wires well ahead of the UK GDP release...
USD/CAD Stalls Recovery from 5-Month Lows Near 1.3010 The USD/CAD pair stalls its overnight recovery mode near 1.3011, and now consolidates around 1.30 handle amid lower oil prices and a broadly higher greenback. USD/CAD retreats from 5-month lows Currently, the USD/CAD pair gains 0.26% to 1...
US: Stronger ADP Report Confirms Robust Labour Market Conditions - ANZ Research Team at ANZ, notes that the ADP report for March showed jobs rose 200k - a touch higher than expectations (195k) and confirming that the labour market remains robust...
Fed Evans Backed Yellen’s Case for a Gradual Rate Rise - ANZ Research Team at ANZ, suggests that the post-Yellen USD sell off continued overnight following comments from Chicago Fed President Evans which backed Yellen’s case for a gradual approach to rises in the funds rate this year...
Yen Rises Against Most Majors The Japanese yen strengthened against most major currencies in the Asian session on Thursday. The yen rose to a 3-day high of 160.95 against the pound, from yesterday's closing value of 161.59. Against the euro and the Swiss franc, the yen advanced to 127.05 and 116...
Pound Falls Against Majors The British pound weakened against the other major currencies in the Asian session on Thursday. The pound fell to 3-day lows of 0.7895 against the euro, 1.3841 against the Swiss franc and 160.95 against the yen, from yesterday's closing quotes of 0.7883, 1.3871 and 161...
