AUD/JPY Off highs, Flirts with 200-DMA The bid tone surrounding the AUD/JPY cross weakened a bit in the European session, dragging the prices slightly lower from daily tops. AUD/JPY trims gains on Aussie retreat The AUD/JPY pair now trades 0.09% to 85.70, flirting with 200-DMA located at 85.74...
ECB Policy Meeting Unlikely to Materially Impact the Euro - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the euro has weakened modestly ahead of today’s ECB policy meeting and they are not expecting the meeting to have a material impact on the euro...
ECB Preview: 7 Major Banks Expectations from ECB’s April Meet As we head towards the ECB’s April meeting, following are the expectations as forecasted by the economists and researchers of 7 major banks...
NZD/USD Pullback Should be Corrective – UOB In view of analysts at UOB Group, the ongoing leg lower of the Kiwi dollar could have short legs. Key Quotes “We turned bullish NZD yesterday and there is no change to the view”...
USD/JPY Bounces of 109.50 Resistance Turned Support Wednesday's strong existing home sales data assisted USD to scale higher against most major currencies, including USD/JPY pair that broke through 109.50 handle to settle at day high level of 109.85. USDJPY could be eyeing 110...
EUR/USD Unmotivated Around 1.1300, ECB Eyed EUR/USD keeps its sidelined pattern around the 1.1300 handle during the European morning on Thursday amidst mixed risk appetite trends. EUR/USD focus on US calendar The pair is looking to consolidate yesterday’s sharp drop from the boundaries of the 1...
GBP/USD Reverses UK Data-led Slide, Jumps Above 1.4360 Fresh bids emerged right at 1.43 handle, allowing the bulls to embark upon a solid 50-pips recovery mode in the last hour amid broad commodities rally. GBP/USD supported at 1.4300 The GBP/USD pair trades 0.22% to fresh session highs at 1...
Gold Rallies 1%, Hits Fresh Weekly Highs at $ 1260 Gold extends its recovery from the previous slide and now runs through fresh bids in the European session, taking the prices to fresh one-week tops. Gold bounces-off key support at $ 1242 Currently, gold jumps +1.02% to 1258...
NOK Appreciation Expected to Slower the Pace – Danske Bank Chief Analyst at Danske Bank Jakob Christensen has assessed the prospects of the NOK ahead in the year. Key Quotes “With regard to the NOK, there are relative few releases of economic data...
What we have seen for the past months in the metals market has been increased volatility mainly caused by the diverging monetary policies of different central banks...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, April 21th EUR/USD pair has returned to 1.13 spot after nearly reaching 1.14. Euro lost almost cent against greenback on Wednesday, and now pair is trading in a flat range between 1.1290 and 1.1305...
Another set of underwhelming economic stats are released adding to evidence that the UK economy is slowing down. Bank of England likely to ignore data until after EU referendum Sterling's rally pauses alongside stock market profit-taking UK Retail Sales (month-on-month) for March read at -1...
Since the Fed announced its first rate hike in mid-December last year the dollar has weakened by around 4.5% against the euro from approximately 1.08 to 1.13. It is not that unusual for the greenback to depreciate following the initial rate increase in a new hiking cycle...
NZD/USD Grinds Lower, Drops to 0.6950 Session Low Irrespective of the range-bound moves in most major currencies, the NZD/USD pair has been slowly grinding lower and is currently trading at session low of 0.6953...
Bank of Tokyo-Mitsubishi UFJ (BTMU) argues that amid the current scepticism in financial markets over the power of monetary policy that any action next week may have limited impact on weakening the yen...
AUD/USD Still Aims to 0.7850 – UOB Analysts at UOB Group expect the Aussie dollar to gather further pace to the mid-0.7800s. Key Quotes “There is no change to our bullish as we continue to expect the current AUD strength to move to 0.7850 (break above this level would shift the focus to 0.7935)”...
EUR/GBP Could Slip Towards 0.7755/0.7654 – Commerzbank The European cross remains poised for a re-test of the 0.7755/0.7654 band, according to Axel Rudolph, Senior Technical Analyst at Commerzbank. Key Quotes “EUR/GBP remains below the February high at...
USD/CAD Door Open for Further Decline – Westpac According to Richard Franulovich, Strategist at Westpac, the pair remains poised for further downside...
USD/RUB Off 2016 Lows, Retakes 65.00 The Russian Rouble is now surrendering part of its recent gains vs. the dollar, with USD/RUB advancing to session highs near 65.40...
