BoC: On Hold, Raises Forecast with Cautious Tone - Nomura Charles St-Arnaud, Research Analyst at Nomura, notes that as widely expected, the Bank of Canada (BoC) kept its policy rate unchanged at 0...
USD/CAD Keeps Highs Near 1.2870, US CPI Eyed The greenback is pushing higher vs. its Canadian peer on Thursday, with USD/CAD testing the area of session highs near 1.2870...
AUD: Solid Employment Report Not New for RBA – TDS Research Team at TDS, suggests that the RBA has long-held the view that the labour market is solid, for a while last year defying otherwise soft economic growth...
BoE and US CPI in Focus Today – Danske Bank Research Team at Danske Bank, suggests that the BoE and US CPI data will be the most important economic releases for the day. Key Quotes “In Europe focus will be on the Bank of England meeting and the final inflation data for Euroland...
EUR/GBP Attempts Recovery Towards 0.80 Ahead of BOE The cross in the EUR/GBP found fresh bids below the mid-point of 0.79 handle, and from there embarked upon the recovery mode amid broad GBP weakness. EUR/GBP regains 20-DMA at 0.7969 Currently, the EUR/GBP pair trades 0...
BoE: Straightforward and Unanimous No-Change Policy Meeting - TDS Research Team at TDS, suggests that the Bank of England’s (BoE) MPC meets for what is likely to be a relatively straightforward and unanimous no-change policy meeting...
GBP/USD Succumbs to Broad Based USD Rally GBP/USD took out 1.42 handle in early Asia and now trades around 1.4125 levels as US dollar continues to gain ground across the board. Surrenders weekly gains As of now the spot is trading largely unchanged on the week. Pair rose to a high of 1...
EUR/USD Extends the Drop to 1.1260 The shared currency is prolonging its weekly decline today, now dragging EUR/USD to fresh lows in the 1.1260 region...
SGD: MAS Shifts to Neutral in Surprise Move - ANZ Research Team at ANZ, notes that the Monetary Authority of Singapore (MAS) shifted to a neutral policy stance today, which was a surprise as we did not think that the conditions for a move to neutral had been met...
USD/JPY Consolidates at 6-Day Highs Amid Japan Stocks Rally The USD/JPY pair clinches gains and sits near six-day highs as the yen continues to lose ground amid an extended rally in the Japanese stocks. USD/JPY finds support near 109...
FxWirePro: USD/JPY Edges Lower from Fresh Weekly High at 109.55, Weakness Only Below 5-Dma at 108.65
FxWirePro: USD/JPY Edges Lower from Fresh Weekly High at 109.55, Weakness Only Below 5-Dma at 108.65 USD/JPY has scored a high of 109.54 as the greenback strong across the board. Fed speakers were optimistic and more hawkish yesterday, relieving the dollar from the post Yellen New York speech...
NZD/USD: Bears Relentless on RBNZ Rate Cut Leak News The NZD/USD pair extended weakness into a second day this Thursday as the bears retained control amid negative RBNZ news and lower oil prices. NZD/USD: hourly 200-SMA at 0.6840 tested Currently, the NZD/USD pair slumps 0.85% to 0...
AUD/JPY: Aus Jobs Upbeat but 84.00 Tough Nut to Crack AUD/JPY has printed an hourly bearish order book sweep, also know as engulfing candle, following a counter-intuitive reaction to better-than-expected Australian employment figures, with the exchange rate last exchanging hands circa 83...
AUD/NZD Firmer, Takes-Out 1.1150 on Strong Aus Jobs The AUD/NZD cross ran through fresh buyers in the last hour, jumping nearly 80-pips in a bid to regain 1.11 barrier and beyond, after the Australian jobs data outpaced estimates. AUD/NZD climbs on NZD weakness The AUD/NZD pair now advances +0...
AUD/USD Pops and Drops on Upbeat Aus Jobs Data The AUD/USD pair reverses a 25-pips knee-jerk spike seen following the release of the Australian jobs data, which bettered estimates. AUD/USD fails near daily highs Currently, the AUD/USD pair drops -0.13% to 0.7642, quickly fading a spike to 0...
Yen Falling for Second Session - Scotiabank Analysts at Scotiabank noted that JPY is weak and falling for a second consecutive session. Key Quotes: "It begins to retrace a portion of its recent rally...
U.S. Dollar Making a Recovery on Hawkish Fed Speakers The U.S. dollar is showing signs of a correction after a steady lineup of hawkish Fed speakers yesterday from Harker, Williams and Lacker and were increasing expectations for a June rate hike...
Dueling Fed GDP Trackers - BBH Analysts at Brown Brothers Harriman explained that the decentralized nature of the Federal Reserve lends itself to both a division of labor and competitive analysis...
Bank of Canada: Little Prospect of Further Easing - ING James Knightley, Senior Economist at ING, notes that today’s statement from the Bank of Canada, suggests that there is little prospect of any easing in the near future...
