All Blogs
Strategic modelling at Westpac has confirmed the New Zealand dollar is likely to appreciate further. The New Zealand dollar should be bought on weakness argue analysts at Westpac Global Strategy Group...
Any strength in the pound to dollar exchange rate strength is forecast to be temporary according to analysts at Westpac. The pound sterling has snapped a four day winning streak against the US dollar and has turned lower towards 1.4148...
“But in countries that are spending a lot more abroad than they are taking in, the current account is the point at which international economics collides with political reality.” - Atish Ghosh and Uma Ramakrishnan at the IMF...
Bulls took #USDJPY above the resistance level at 109.09. However, it is not a clear signal. This level traditionally attracts players, following the trend to build positions, in this case, bears. Find out more by checking out the Source Link...
EUR/NZD Analysis for April 14, 2016 Recently, EUR/NZD has been moving downwards. As I had expected, the price tested the level of 1.6278 in a high volume. EUR/NZD reached our third take profit level around the price of 1.6270...
AUD: Employment Data Consistent with Macros – Deutsche Bank Research Team at Deutsche Bank, notes that the Australia’s employment rose 26.1k in March after a soft end to 2015 and start to 2016. Key Quotes “That prior softness sees trend jobs growth (as estimated by the ABS) at 7...
Quotes of #EURUSD left the borders of the fairly narrow trading channel. The downward momentum was pretty strong and led to the achievement of more large-scale uptrend support line. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
USD/JPY Keeps its Bearish Stance – UOB USD/JPY’s perspective remains on the bearish side, according to the research team at UOB Group. Key Quotes “The anticipated USD strength exceeded our expectation by easily taking out the strong 109.15/20 resistance...
Since the dovish shift from the FOMC last month, the Dollar against the majors has fallen back towards the bottom of the range that it has traded in over the past year...
US: Downward Momentum Easing - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar has rebounded modestly in the Asian trading session bringing at least a temporary pause to the period of uninterrupted selling pressure which followed Fed Chair Yellen’s dovish speech at the end of...
EUR/USD Outlook Constructive Near Term – Westpac Richard Franulovich, Strategist at Westpac, has reiterated the constructive outlook for EUR/USD into next week’s ECB meeting...
Canada: A walk Back to Neutral - ING James Knightley, Senior Economist at ING, suggests that a more upbeat prognosis from the Bank of Canada suggests a long period of policy stability lies ahead...
China: Trade Balance Below Expectations – Deutsche Bank Research Team at Deutsche Bank, suggests that the China’s trade balance printed a little below expectations in March with a surplus of $US29.86bn versus consensus expectations of a $US34.95bn outturn...
BoC Ctrikes Cautious Tone, Dampening Loonie Upside - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the Canadian dollar has weakened modestly following yesterday’s more dovish than expected BoC policy meeting and release of their latest Monetary Policy Report...
NZD/USD: Supply Capping Minor-Recovery Near 0.6880 The NZD/USD pair faced strong selling pressure ahead of 5-DMA, and the prices stalled its recovery as the US dollar continues to trade higher across the board. NZD/USD recovers 50-pips from daily lows Currently, the NZD/USD pair slumps 0.77% to 0...
EUR/USD Unmotivated Near 1.1260, Focus on US CPI The shared currency is posting moderate losses vs. the dollar on Thursday, with EUR/USD hovering over the 1.1260 area...
Gold Analysis for April 14, 2016 Since our previous analysis, gold has been moving downwards. The price tested the level of $1,228.99 in a high volume. According to the daily time frame, I found that head and shoulders pattern (topping formation) is forming...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, April 14th EUR/USD continues to lose ground following the general recovery of the dollar, renewing this month lows at 1.1254 spot. The dollar index now trading at multi-day highs...
AUD: Stronger Employment Report Offsets Credit Rating Warning - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the Australian dollar continues to derive support so far this year primarily from the easing of economic growth concerns in China and dampened Fed rate hike expectations...
