USDCAD: Rally continues - Scotiabank Research Team at Scotiabank, notes that the USDCAD continues to rally from Friday’s fresh multi-month low, testing near term resistance around 1.3400 at the upper bound of the descending wedge formation off the January highs...
Yen Falls Against Majors The Japanese yen weakened against the other major currencies in the Asian session on Wednesday. The yen fell to 126.01 against the euro, 160.45 against the pound and 114.96 against the Swiss franc, from yesterday's closing quotes of 125.68, 160.07 and 114.54, respectively...
BoE Interest Rate Expectations – Lloyds Bank Gajan Mahadevan, Research Analyst at Lloyds Bank, suggests that the changes in UK rate expectations have been a key factor in the decline in GBP/USD...
Australian Dollar Drops Against Most Majors The Australian dollar weakened against most major currencies in the Asian session on Wednesday. The Australian dollar fell to a 6-day low of 0.7439 against the U.S. dollar, from yesterday's closing value of 0.7456...
EUR/JPY Rejected off 126.00 Resistance EUR/JPY saw heavy demand in early Tokyo, sending the pair straight into the 126.00 resistance level - prior triple bottom -, from where offers have managed to cap further upside, allowing a mild correction lower towards 125.80, current price...
The Bank of Japan, last night decided to leave their current stimulus plan unchanged, in addition to the current benchmark rate at -0.10%. The members votes 8-1 to keep the current stimulus package at ¥80 trillion. The members also voted 7-2 to keep the benchmark rate unchanged...
AUD/USD Slumps to Lows Near 0.7460 The Aussie dollar is now depreciating further, dragging AUD/USD to visit fresh lows in the 0.7460 area...
GBP/USD Trades Below 50-DMA British Pound extended its depreciating trend in Asia, taking the GBP/USD pair well below its 50-DMA located at 1.4303 levels. Eyes 50% Fibo The pair is now trading within a striking distance from 1.4252 (50% of 1.4668-1.3835...
EUR/USD Wobbles Around 1.1100, US Data Eyed The single currency is alternating gains with losses vs. the greenback on Tuesday, taking EUR/USD to the area around 1.1100 the figure. EUR/USD supported near 1...
NZD/USD Drops Towards 200-DMA as Commodities Tumble The NZD/USD pair witnessed heavy sell-off over the last couple of hours as risk-sentiment deteriorated amid global sell-off. NZD/USD deflates from 0.6685 Currently, the NZD/USD pair trades -0.28% at 0.6656, having posted fresh session lows at 0...
Weaker Greenback Leaves Door Open for the Fed - Scotiabank Derek Holt, Research Analyst at Scotiabank, suggests that there are thought to be two main impediments to the Fed hiking in the near-term including the higher odds of a hike this week than markets are pricing...
NZ Dollar Slides Against Most Majors The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday. The NZ dollar fell to a 5-day low of 0.6644 against the U.S. dollar, from yesterday's closing value of 0.6673...
Australian Dollar Falls Against Majors The Australian dollar weakened against the other major currencies in the Asian session on Tuesday. The Australian dollar fell to 4-day lows of 0.7479 against the U.S. dollar, 85.04 against the yen and 1...
AUD/USD Sellers in Control post-RBA minutes, Below 0.7500 The AUD/USD pair extends losses for the second straight session this Tuesday, moving further away from eight month tops reached the day earlier, after the RBA minutes was read a tad more dovish than expected...
BOJ Preview: What to Expect in USD/JPY? Most market participants are expecting the Bank of Japan to leave its monetary policy unchanged today, following the dramatic and unexpected decision to set a negative interest rate program in its last meeting...
USD/JPY: Yen Better Bid Heading into BOJ Decision The JPY bulls fought back complete control and now defend mild gains versus the greenback post-China open, with USD/JPY once again sold-off near 114 handle. USD/JPY drops sharply to 5-DMA at 113...
Currency Snapshot (Major Pairs) Dollar index trading at 96.55 (+0.39%) Strength meter (today so far) – Euro -0.34%, Franc -0.82%, Yen +0.12%, GBP -0.31% Strength meter (since last week) – Euro -0.34%, Franc -0.82%, Yen +0.12%, GBP -0.31% EUR/USD –...
EUR/USD Holding on to 1.1100 The single currency remains unable to gather traction on Monday, relegating EUR/USD to the 1.1100 neighbourhood following the NA open. EUR/USD weaker on USD-buying Despite the prevailing selling interest, the pair manages quite well to keep the 1...
USD/CAD keeps highs near 1.3290 The greenback is recovering part of its shine vs. its Canadian peer on Monday, lifting USD/CAD to test daily highs near 1.3290. USD/CAD rebounds from 1.3210 Spot has managed to regain the 1.3200 handle after dropping to fresh multi-month lows in sub-1...
