G20: No Currency Accord to Weaken the US Dollar - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that the gathering of finance ministers and central bankers in Washington over the weekend will take place...
Upward Revisions in Canada Support the CAD - UBS The Bank of Canada left the overnight policy rate unchanged at its April meeting, in line with consensus expectations...
BoE Recognized Economy Lost Momentum - BBH According to analysts from Brown Brother Harriman (BBH), the Bank of England (BoE), recognized today that the economy has lost some momentum and that uncertainty about the Brexit referendum may already by taking an economic toll...
AUD/USD Reaches Fresh 2016 Highs The Australian dollar stretched to fresh 2016 highs at the beginning of the New York session as the greenback weakened slightly following US CPI soft figures. AUD/USD reached its highest level since June 2015 at 0...
EUR/USD Volatile Around 1.1270, Fedspeak Eyed The single currency has faded the post-CPI spike to the boundaries of the 1.1300 handle, taking EUR/USD to the area of 1.1280/75...
GBP/USD Again Fails to Cut Through Hourly 200-MA American dollar suffered due to a weak rebound in CPI, pushing the GBP/USD pair back to hourly 200-MA, which if failed to take out due to a sharp drop in weekly jobless claims. Trades around 1.4160 An attempt to take out hourly 200-MA level of 1...
US Dollar Deflates Further post-CPI The upside momentum in the US Dollar – tracked by the US Dollar Index - has now lost some vigour, returning to the 94.85/80 band. US Dollar giving away gains on US data After hitting fresh multi-day highs above the 95...
USD/JPY Keeps 109.00 on US CPI USD/JPY manages well to keep the trade above the 109.00 handle today following the softer-than-expected US inflation figures during March...
USD/JPY Keeps its Bearish Stance – UOB USD/JPY’s perspective remains on the bearish side, according to the research team at UOB Group. Key Quotes “The anticipated USD strength exceeded our expectation by easily taking out the strong 109.15/20 resistance...
EUR/USD Outlook Constructive Near Term – Westpac Richard Franulovich, Strategist at Westpac, has reiterated the constructive outlook for EUR/USD into next week’s ECB meeting...
Canada: A walk Back to Neutral - ING James Knightley, Senior Economist at ING, suggests that a more upbeat prognosis from the Bank of Canada suggests a long period of policy stability lies ahead...
BoC Ctrikes Cautious Tone, Dampening Loonie Upside - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the Canadian dollar has weakened modestly following yesterday’s more dovish than expected BoC policy meeting and release of their latest Monetary Policy Report...
NZD/USD: Supply Capping Minor-Recovery Near 0.6880 The NZD/USD pair faced strong selling pressure ahead of 5-DMA, and the prices stalled its recovery as the US dollar continues to trade higher across the board. NZD/USD recovers 50-pips from daily lows Currently, the NZD/USD pair slumps 0.77% to 0...
EUR/USD Unmotivated Near 1.1260, Focus on US CPI The shared currency is posting moderate losses vs. the dollar on Thursday, with EUR/USD hovering over the 1.1260 area...
AUD: Stronger Employment Report Offsets Credit Rating Warning - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the Australian dollar continues to derive support so far this year primarily from the easing of economic growth concerns in China and dampened Fed rate hike expectations...
BOE Monetary Policy Preview: What to Expect of GBP/USD? Bank of England (BOE) is widely expected to keep rates unchanged and the minutes are likely to show the interest rate vote count stayed unchanged at 9-0. GBP/USD pair made a failed attempt to take out 1.4354 (61.8% of 1.4669-1...
SGD: Singapore Surprise with Policy Easing - Investec Research Team at Investec, suggests that the big story overnight in currency markets was the unexpected loosening of policy by the Monetary Authority of Singapore (MAS), weakening regional Asian currencies in the process as the Singaporean Dol...
AUD/USD Firmer, Looks to Regain 0.7700 The Aussie dollar is gathering further traction today, now lifting AUD/USD to test fresh highs in the 0.7700 neighbourhood...
USD/CAD Downside Below 1.25 Unlikely – Westpac According to Strategist at Westpac Richard Franulovich, further losses south of 1.25 appear unlikely. Key Quotes “USD/CAD momentum remains lower especially given the break of 1.2850, a critical technical threshold that should unlock further losses...
