Cable’s near-term outlook stays neutral/bearish, according to Chief FX Strategist at Socotiabank Shaun Osborne. Key Quotes “Intraday price action looks a little soft again with Cable struggling to hold above 1.30...
EUR/USD resumed the upside during the American session as the spread between US and European bond yields narrowed further and amid a decline in equity prices in Wall Street. The pair reached a new 1-year high at 1.1444 and remains near the top, holding a strong bullish tone...
The USD/JPY pair, which lost its bullish momentum near the 113 handle in the early NA session, came under a renewed selling pressure and fell below the 112 mark. As of writing, the pair is trading at 111.97, losing 0.28% on the day. The latest blow to the greenback came from the St...
Politics and BoE are filling the hard data void as markets leapt on apparent shifts in BoE towards accommodation reduction, suggests Tim Riddell, Research Analyst at Westpac...
The Japanese Yen continues to depreciate at the beginning of the week, now lifting USD/JPY to the area of 111.70, multi-day peaks. USD/JPY up on US yields Spot is moving higher on Monday propped up by the solid performance of US yields, with the 10-year reference retaking the 2...
The single currency keeps hovering over the 1.1200 handle vs. the buck on Monday, with EUR/USD briefly testing highs around 1.1210 before deflating. EUR/USD unchanged on upbeat IFO The pair is holding on to its daily gains in the 1...
Not only has Theresa May’s gambit not paid off, but her grip over the Brexit negotiations appears to have been loosened to some extent, feels René Defossez, Research Analyst at Natixis. Key Quotes “Her political future is uncertain...
The GBP/USD pair extended previous session's retracement from levels beyond the 1.2700 handle and held weaker through early NA session on Thursday...
The US Dollar Index (DXY), which measures the buck vs. a basket of its main rivals, is trading in a tight range on Thursday, currently flat for the day in the 97.20 area...
Analysts at UOB Group explained that the Reserve Bank of Australia June Rate Meeting Minutes on Tuesday (20 Jun) showed that the central bank continued to believe it is appropriate to keep accommodative stance of policy unchanged...
Analysts at Scotiabank explained that comments from BoE economist Haldane that favoured removing some stimulus echoes the sentiment revealed by last week’s 5-3 split on holding policy unchanged at the BoE’s latest policy meeting...
The GBP/USD faced a new selling pressure in the NA session after a recent report by Sky News suggested that the negotiations between the Prime Minister May's Conservatives and the Northern Irish DUP were not proceeding in the way the DUP would have expected...
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It is trusted that boost prompting the making and spreading of exchange trade was the minute when man began delivering more agrarian harvests than they can devour. The overabundance was then exchanged for things they were keen on with others...
There has been a massive confusion in the global market due pending interest rate hike decision by the FED. In the last week, the FED hike their interest rate on the basis of 25 points in the global market...
When the Federal Reserve raised benchmark interest rates last month, it took North Carolina lender BB&T Corp. less than an hour to announce it was passing that cost along to borrowers. Depositors, however, have yet to see the benefit. For many investors, such discipline means U.S...
The world’s best currency rally this year is finding fresh support from hedge funds. Leveraged investors turned net bullish on Mexico’s peso for the first time since Donald Trump all but locked up his bid to become the Republican party’s nominee in May, according to the latest data from the U.S...
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USDJPY Price tested 111.150 Fibo expansion 61.8 and headed north . Its above the MA5 support in Daily Chart Please check my idea at my blog : https://www.fxters.com/single-post/2017/04/03/USDJPY-H4-Time-Frame-Signal...
