USD/CAD Unable to Clear 1.2600 Immediate Hurdle The USD/CAD pair has managed to register a minor recovery from day's through of 1.2528 but seems to face difficulty in moving back above 1.2600 handle...
Gold Trading $1250 on Weak US Dollar Weaker US Dollar helped Gold to gain momentum on Thursday, taking the yellow metal above the closely watched $1250 level...
EUR/USD Edges Lower After US GDP, Jobless Claims EUR/USD edged slightly lower but remained in positive ground for the day following a string of disappointing US data. US GDP slowed to 0.5% in the first quarter according to the advance estimate, missing expectations of 0.7% grow...
“If the UK votes to remain in the EU, any further relief rally in sterling could prove short-lived.” - Oliver Jones Assistant Economist at Capital Economics...
The last two weeks have seen an apparent widening in poll results in favour of a Remain win, with polls more often showing a 10-point lead than not...
'Bremain' odds are unlikely to advance much further argue TD Securities who warn this could be as good as it gets for the pound and interest rate yields. The yield on UK sovereign debt has rallied sharply as investors demand less return for holding UK assets ahead of the EU referendum...
NZD Rallying as RBNZ Left Policy on Hold - BBH Research Team at BBH, notes that after the Japanese yen, the New Zealand dollar is the strongest of the majors and is up about 1.6%, having been up closer to 2% earlier as the RBNZ left policy on hold...
Pound sterling is failing to extend its April rally against the euro despite some better-than-forecast UK GDP Numbers which confirm the UK economy continues to outperform its rivals. The British pound appears to be stalling around current levels (1.2850-1...
The euro to dollar exchange rate is forecast to retain current levels as the US Federal Reserve fails to pull the trigger to a US dollar recovery...
EUR/JPY Tumbles Below 123.00 Level The EUR/JPY pair tumbled from early morning highs of 126.47 all the way to 122.54 and has failed to register any meaningful recovery even after such steep fall...
The US Federal Reserve managed to fly under the radar in April. The April FOMC statement was broadly in line with expectations...
EUR/USD Clings to 1.1350 After German Inflation Data EUR/USD continues to trade near recent highs around 1.1350, following the release of German inflation numbers. German consumer price index fell 0.2% in April but rose 0.1% YoY, matching expectations...
FxWirePro: AUD/CAD Breaks Below 200-Dma at 0.9692, Good to Sell Rallies AUD/CAD slump post dismal Australia's CPI data on Wednesday saw the pair break below strong 200-DMA support at 0.9692. Bearish bias in the pair has risen and momentum studies heavily tilted to the downside...
USD/CHF Breaks Major Trend Line Support, Decline Till 0.9630/0.9575 Is Possible Major resistance- 0.9760 Major support - 0.9680 (trend line joining 0.9493 and 0.9584) The pair has broken major support 0.9680 and declined till 0.96610 at the time of writing. It is currently trading around 0.96579...
Oil is Favored Higher While Above 42.51 Short term Elliottwave structure suggests that rally from 35.23 on 4/5 remains alive as a triple three where wave W ended at 42.42 on 4/13, wave X ended at 37.61 on 4/18, wave Y ended at 44.49 on 4/21, and 2nd wave X pullback is proposed complete at 42...
AUD Jury is Out - Till Tuesday - Westpac Sean Callow, Research Analyst at Westpac, suggests that AUD/USD’s path to 0.80 we discussed last week has taken a huge hit from Australia’s shockingly low Q1 CPI report. Key Quotes “Whether 0...
The Bank of Japan surprised the market, as the monetary policy has left unchanged. Amid this #USDJPY has rapidly dropped by more than 2%, breaking through the support line. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
US: Initial Jobless Claims and Q1 GDP in Focus - BBH Research Team at BBH, suggests that the US reports weekly initial jobless claims and the first estimate of Q1 GDP...
USD/JPY: Staying Bearish, Following Unwind of Longs Promised on BoJ Easing – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the BoJ policy meeting today decided to maintain current policy while some in markets speculated that the BoJ might increase ETF purchase and adopt a...
