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US Durable Goods Orders Report Shows Broad Based Slowdown in February The Commerce Department data released today show corporate spending as represented by durable goods orders dipped in February, indicating the manufacturing sector may not have bottomed out as thought after upbeat January figure...
It appears that rising Fed rate expectations to the benefit of the USD have been lowering investors’ demand for risk assets. With several Fed members confirming this week that two more hikes this year seem reasonable and as markets still under-price such a scenario caution remains warranted...
US Durable Goods Orders Preview: What to Expect of EUR/USD? Dollar maintained its bid tone in Europe, keeping the EUR/USD pair moderately lower in the range of 1.1150-1.1170. At one point, risk-off in Europe did come to the rescue for EUR, but failed to push it into the positive territory...
Technical Analysis of NZD/USD for March 24, 2016 Overview: The NZD/USD pair opened below the daily support of 0.6724. It continued to move downwards from the level of 0.6724 to the bottom around 0.6670. Today, the first resistance level is seen at 0.6724 followed by 0...
EUR/NZD Analysis for March 24, 2015 Overview: Recently, EUR/NZD has been moving sideways around the price of 1.6700. At the H4 time frame, the price is still trading in a defined trading range between the price of 1.6475 (support) and the price of 1.6865 (resistance...
In view of Richard Franulovich, Strategist at Westpac, the pair points to further consolidation between 1.0800-1.1350 for the time being. “Not a lot to do in EUR/USD right here as it ambles in a rough 1.08-1.1350 range and long term moving averages turn almost perfectly horizontal...
Technical Analysis of USD/CHF for March 24, 2016 Overview: The USD/CHF pair was argumentative as it was trading in a narrow sideways channel, the market showed signs of instability. According to the previous events, the price is still moving between the levels of 0.9704 and 0.9821...
Daily Analysis of Major Pairs for March 24, 2016 EUR/USD: The EUR/USD pair has come down by 100 pips this week – a slow and gradual process. Further downward movement is expected and this might render the recent bullish outlook illogical. The bears would target the support lines at 1.1150 and 1...
GBP/USD Turns Positive Above 1.4100 The sterling has found strong buying interest around session lows near 1.4050 today, pushing GBP/USD well above the 1.4100 handle. GBP/USD clinches highs near 1.4140/50 The pair has found decent buying interest around 1.4050 today, quickly recovering the 1...
EUR/GBP Slumps to 0.7900, GBP Soars A strong rebound in the sterling is now prompting EUR/GBP to quickly retrace the earlier advance and return to the 0.7900 neighbourhood...
GBP showing some signs of outperformance, gaining against the USD and EUR in recent trade, but now also showing potential against the commodity currencies. GBP/AUD has been recovering well from sub 1.8600’s levels yesterday morning, and now looks set to extend gains towards 1...
USD/CAD Could Rebound Towards 1.3500 – Westpac In opinion of Richard Franulovich, Strategist at Westpac, a test of the 1.3500 handle remains on the cards...
The Swiss National Bank (SNB) purchased 86.1 billion Swiss francs (62.58 billion pounds) in foreign currency last year to enforce a minimum exchange rate, scrapped in January, and influence exchange rate developments, according to its annual report published on Thursday...
Pressure of bears in the #Gold market increased, which has led to a breakthrough of the nearest technically important support level. Now we can draw the current downtrend channel. It is recommended to hold an order to sale opened on a breakthrough of 1226.55...
CurrencyFair, one of a number of so-called peer-to-peer currency exchanges, has scored a further €8 million in funding. The round was led by Octopus Ventures, with participation from Proxy Ventures...
#USDJPY continued to recover after the quotes had tested the whole area, consisting of a number of support levels. It is recommended to be out of the market and to consider sales if the pair achieves and then rebounds from the upper border of the horizontal trading channel...
Pound sterling has been unable to reap advantage from news retail sales beat analyst expectations by a decent margin. In London trade we are seeing sterling remain under pressure, despite good economic data being released...
Two professors at the Department of War Studies at King’s College London have published the results of their deep dive into The Onion Router, or Tor, network, which is designed to make it difficult to track the activity of online users...
An update to their set of exchange rate forecasts see ABN Amro turning more positive on the commodity currency bloc. ABN Amro have updated their currency expectations for 2016 - 2017 and one of the stand-out changes pertains to their stance on the New Zealand and Australian dollars...
Former first minister Alex Salmond has called for a fresh look at the currency options for an independent Scotland. He said he still favoured the use of Sterling, but said the independence case needs "refurbishment...
