AUD/USD under pressure below 0.7240, risk-off persists 23 Februari 2016 4:18 AM The AUD/USD pair failed several recovery attempts near 0.7240 region and now consolidates near the lower-bound of today’s trading range amid omnipresent risk-off market profile...
AUDGBP: Risk premium on sterling in H1 – Westpac 23 Februari 2016 4:07 AM Sean Callow, Research Analyst at Westpac, suggests that the Sterling has sustained heavy damage now that the stage has been set for 4 months of UK political division and business uncertainty over Britain’s place in the EU...
EUR/USD extending the recovery from 200-DMA 23 Februari 2016 3:45 AM The main currency pair holds onto the key 200-DMA support placed at 1.1025 and now attempts a minor-recovery few pips shy of 1.1050 levels. EUR/USD rises as USD weakens Currently, EUR/USD trades 0.14% higher at 1...
AUD/JPY bounces-off key support, back above 81 23 Februari 2016 2:39 AM The AUD/JPY pair halted its downslide just below the crucial support placed near 80.85 region and witnessed a quick recovery above 81 handle. AUD/JPY recovers as yen pares gains Currently, the AUD/JPY pair trades -0.45% at 81...
Our trade call is to sell Cable. Key themes from last week included a beat on US CPI and a rebound in global equities despite failure of oil-producing nations to agree on output controls. There was no crucial economic data out during the Asian session...
Introduction: Interest Rate is among the most important fundamental data that impacts the currency of a country. It’s of vital importance for any trader to keep a watch on this important data for his or her trading activities. A change in Interest Rate viz...
NZD/USD bulls in charge, extends beyond 0.6650 18 Februari 2016 2:53 AM The NZD/USD pair remains on the bids for the second straight session this Thursday, completely ignoring the Aus jobs-led weakness in its OZ neighbour...
There is no trade call for the session or tier one data on the calendar for the London session. The main event for the day will come in NY with ECB’s Draghi who is due to testify on monetary policy before the European Parliament’s Economic and Monetary Affairs Committee, in Brussels...
The yuan (/juːˈɑːn/ or /ˈjuːən/; sign: ¥;Chinese: 元; pinyin: yuán; [ɥæ̌n]) is the base unit of a number of former and present-day Chinese currencies, and usually refers to the primary unit of account of the renminbi, the currency of the People's Republic of China...
There is no trade call or tier one data due up for today’s London session as we begin a fairly light week for economic data. As always on Mondays I prepared the currency update so you can familiarize with the situation in the markets...
There is no trade call for the session as Chinese PMI’s didn’t offer a probable opportunity, and Asian equities have started the week mixed giving no clear risk sentiment. We will wait for clear sentiment developments, or high impact macro data...
It can be a low positive exchange rate when the market is unable to compete in the doldrums. Then the devaluation contributes to the creation of jobs and increase demand for exports...
Last week finished with a turnaround in sentiment, with risk appetite being boosted by a rally in oil. WTI has lifted over $5 from lows which has helped commodity currencies rally; USDCAD is down 580 pips from the pre-BOC highs...
There is no trade call for the session as we assess sentiment for the new week. As always on Mondays I prepared the currency update so you can familiarize with the situation in the markets...
We will use Monday’s London session to assess direction in the market and keep a very close eye on risk sentiment for a potential trade. Familiarize with the latest changes in the market by reading my currency update bellow...
December 14, 2015 Franschhoek, South Africa When I did the math in my head last week, I had to pull out my phone’s calculator just to make sure I hadn’t mentally misplaced the decimal point. It turns out I was right. My rental car in Cape Town would cost me just $8/day...
There is no trade call for the session as it is Monday and we have an empty economic calendar. As always on Mondays I prepared the currency update to get you up-to-date with the situation in the markets...
USDCAD STRONG RALLY IN LAST WEEK, TODAY IT OPEN GAP DOWN BY 30PIPS USDCAD LAST WEEK CLOSED @ 1.3755 MARKED OPEN @ 1.3722 AFTER GAPDOWN,USDCAD BACK TO PREVIOUS WEEK CLOSING PRICE 1.3755...
Research Team at TDS, notes that the employment in November apparently jumped by a little over +71k, defying fairly widespread expectations of a small correction (TD and mkt –10k) after the outsized October print (revised down but still a solid +56.1k...
