According to analysts from Danske Bank, the Danish central bank did not intervene in the FX market in March and reserves may start to rise soon again. They expect Danmarks Nationalbank (DN) to cap EUR/DKK not far below current levels...
Analysts at Brown Brothers Harriman explained that this EM rally could run for a while longer, but we still believe that some EM turbulence will return later this year. "Look at how poorly EM and risk traded in the run-up to the March FOMC meeting...
Analysts from Lloyds Bank explain that the long-term trend in the GBP/USD pair remains down with risks for a test of 1.35. “A sharp decline, aligned with the EURGBP range breakout, from the range highs in the 1.4480-1.4515 on Friday suggests that further weakness to re-test range support in the 1...
Analysts at UOB Group explained that, for the week, USD was lower against the regional currencies, undermined by dovish tone from US Fed and despite a stronger-than-expected nonfarm payroll last Fri...
Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that USD/JPY has tested a fresh two week low and trend signals hint to a rise in downside risk. "However momentum indicators are close to neutral and USDJPY has yet to break its multi-month range roughly bound between 111 and 115...
It is becoming increasingly clear is that the growing current account surplus in the euro-zone is acting as a key support for the euro at current levels, notes BTMU. "The euro-zone current account was surplus was a record EUR 317bn in 2015, amounting to over 3% of GDP...
Analytical Review of the Stocks of JPMorgan Chase&Co. JPMorgan Chase&Co., #JPM [NYSE] Finance, Banks, USA Financial performance of the company: Index – DJIA, S&P 500...
NZD/USD: Bearish Bias, Testing Daily Lows The kiwi is consolidating losses against the US dollar on Monday and continues to retreat from 0.6966 (Thursday high). NZD/USD bottomed during the American session at 0.6837. Currently, it trades at 0.6850, 0.80% down for the day...
EUR/USD Back and Forth Around 1.1400 EUR/USD has been confined to a narrow range on Monday, having seesawed around 1.1400 unable to set a short-term direction in the absence of major drivers...
FXWIREPRO: GOLD Prices Set to Decline Further, Upside to be Limited Gold has declined to trade around 1089 levels, giving earlier gains made in European session, as Friday’s strong US jobs data boosted investors risk sentiment, while uncertainly continued about Federal Reserve’s rate hike path...
FXWIREPRO: GBP/USD Strongly Bearish Despite Upside Attempts The Sterling was the best performer against US dollar on Monday, as the pair extending its upward corrective movement towards 1.4321 levels, reaching the 50% retracement levels and gradually declining towards 1...
EUR/GBP Retreats Below 0.8000 The pound is rising against the euro after falling during the previous three trading days. EUR/GBP is testing daily lows as it trades at 0.7963, slightly above 0.7960. Today the pair is retreating from 1-month highs that reached on Friday at 0.8017...
The USD/CAD is close to a key level and bulls are preparing for a last stand; BMO’s Andersen suggests they may actually win. The US Dollar to Canadian Dollar (USD/CAD) continues falling, with no sign of change to the medium-term down-trend. If it breaks below the 1...
With AUDUSD trading over 0.76, it was just over a year ago when the RBA surprised markets with a rate cut due to AUD strength (then trading around 0.78...
The greenback, tracked by the US Dollar Index, has given away initial gains and is now back around the 94.55/50 area. US Dollar weaker post-US data The index faded the earlier spike to the vicinity of 94...
International Monetary Fund (IMF), while speaking on China, said the nation needs to have a greater communication to avoid overreaction in the financial markets...
AUD/USD: A Meeting of RBA will be Held Tomorrow Tomorrow at 06:30 (GMT+2) a meeting of the RBA will be held. Since the beginning of the year the pair AUD/USD has grown by 12%, reaching the new high at the level of 0.7720 at the end of March...
EUR/USD regained the 1.14 handle on Monday following a poor release from US Factory Orders. EUR/USD challenges highs above 1.14 Spot kept the buoyant tone after US Factory Orders have contracted 1.7% MoM in February, matching estimates albeit reverting January’s 1...
A contraction in the US factory orders is not helping GBP/USD, which appears to have run out of steam after having clocked a daily high of 1.4320 levels. Trades around 1.4280 The spot is slowly trimming gains, now trading around 1.4280 levels even though the US factory orders fell 1...
