FXWIREPRO: AUD/NZD Faces Strong Resistance at 1.1298, a Break Above Targets 1.1352 AUD/NZD is trading around 1.1242 marks. Pair made intraday high at 1.1246 and low at 1.1210 marks. Intraday bias remains bullish till the time pair holds key support at 1.1148 levels. A daily close below 1...
AUD/USD: Bulls Clinging to 0.75 Handle AUD/USD is attempting to hold on to the 0.75 handle, but is pressured in Asia below the highs of 0.7535. AUD/USD remains within a tight range around the 0...
USD/CNY: Depends on the Greenback Strengthening Some More - BTMU Analysts at Bank of Tokyo Mitsubishi explained that whether it was a USD rebound or Madame Lagarde leaving town they don't know, but USD/CNY was unidirectionally higher last week...
FXWIREPRO: South Korean Won Unchanged Despite Better Than expected GDP Data USD/KRW is currently trading around 1168 levels. It made intraday high at 1169 and low at 1167 levels. Today South Korea released GDP data with positive numbers at 0.7% q/q vs 0.6% previous release...
FXWIREPRO: USD/JPY Hits Fresh Weekly High, Intraday Bias Remains Bullish USD/JPY is currently trading around 113.17 levels. It made intraday high at 113.29 and low at 112.74 marks. Today Japan released Tokyo Core CPI data with negative numbers at -0.3% m/m vs -0.1% previous release...
USD/JPY Spikes Towards 113.30/35 Resistance USD/JPY has seen strong buying interest in the first hour of Tokyo trade, in line with a rising Nikkei 225 , up 0.57% now, one of the few markets that remains open amid thin liquidity on Easter festivities...
USD/JPY: Taking on the Bears on 113 Handle USD/JPY, popping higher in the Tokyo open, was making a modest attempt towards the 113.00 level earlier, recovering from the 112...
Investors are putting billions of pounds worth of bets on the pound crashing should Britain vote to leave the European Union in June. According to data compiled by Bloomberg, investors have piled up more than £11 billion ($15...
A few short hours stand in the way of the long holiday weekend for many. The capital markets are retracing the recent moves. This means equities and commodities are lower. It means bonds are firmer and the dollar stronger...
•The Japan inflation figure will tell us if the BoJ will go deeper into the red on rates •Japan’s government bond yield curve continues to flatten out •The Fed’s interest rate flight path is an aspiration, not a forecast •US inflation data will reveal if the Fed's flight path is credible •The odd...
Mar 24 -- Bloomberg’s Mark Barton examines the close of European markets on “Bloomberg Markets.” (Source: Bloomberg)......READMORE...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: A move below our initial downside targets near 1.1145 would encourage our bearish view. Our next targets are in the 1...
Algiers — Bank of Algeria (BA) has developed a new regulation amending the terms and conditions for approval of foreign exchange bureaus, a measure meant to benefit from the foreign currency circulating in the informal market, as the country is undergoing a significant drop in foreign currency in...
Currency accords seemed to be consigned to history. The 1985 Plaza Accord saw the major central banks intervene to take the dollar lower and rid the US of recession. Two years later, the Louvre Accord set out to stop the dollar from falling further.......READ MORE...
farewell, currency wars. Hello, carry trade! Spring’s arrival seems to have forex investors wondering if a new currency world order — in which central banks no longer drive each other’s currencies to the bottom — is sprouting.......READMORE...
While FXcompared.com did find that banks have been lowering their costs in recent months in the face of rising competition from online money transfer services, they remain several times more expensive than those independent services...
According to research conducted by the Bank of England, Sterling has been “fashionable” and has driven movements in G-10 FX five times since the start of the Global Financial Crisis . In the year to date, Sterling has already weakened significantly versus the major currencies...
U.S. fifty dollar bills are run through a counting machine inside a currency exchange store in Mexico City, Mexico. The dollar is flexing its muscles again, now that Fed officials are suggesting a rate hike may come sooner rather than later...
The problem with introducing a tax on currency transactions in China: It’s probably too late. Taxing foreign exchange transactions – sometimes known as a Tobin tax – aims to limit short term currency transactions by making them more costly...
