The Growth Aces Research Teamcomments on BOE’s inflation report and Carney’s statement, and further shares the trade setup for GBP/USD. Key Quotes “The Bank of England revised up its growth forecasts and predicted wages would grow faster...
After bottoming out in the vicinity of 0.7640, AUD/USD managed to gather traction and advanced to the boundaries of 0.7700 the figure. AUD/USD depressed by data, focus on Stevens The pair is extending the weekly decline today, remaining in the area of multi-year lows around the mid-0.7600s...
EUR/USD keeps intact the congestive pattern around the 1.1350 area on Thursday, stabilizing after recent tops above the 1.1500 handle. EUR/USD focus on US data The pair remains sidelined and keeps ignoring the headlines from Greece, following the recent failure in the EU-Greece debt negotiations...
USD/CAD shaved-off previous and dropped during the European session as the USD bulls took a backseat amid rising oil prices which boosted the loonie. Back below 1.2600 levels Currently, the USD/CAD edged lower by -0.57% at 1.2559 levels, having posted fresh session lows at 1...
The buying interest is growing bigger around the sterling on Thursday, boosted by the hawkish tone struck by Govenor M.Carney in today’sQuarterly Inflation Report...
Hong Kong’s central bank has warned people against investing in virtual currencies like Bitcoin. The decision came after the bank across with local media reports that a Bitcoin exchange may have run off with $387 million in client funds. This is expected to be one of the biggest Bitcoin scandal...
On Thursday the Australian dollar dropped sharply on disappointing jobs data that underlined a vulnerable view on economic recovery and on continued turmoil in Greece bailout talks...
USD/CAD advanced gradually in the Asian session and defends mild gains, as the loonie continues to remain pressured on lower oil prices. 1.2700 eyed Currently, the USD/CAD traded higher by 0.0.7% at 1.2641 levels, having posted fresh session highs at 1.2646 levels some minutes ago...
Emmanuel Ng of OCBC Bank, notes that with AUD/USD expected to remain in doldrums intra-day, the nearest support to break for the pair is 0.7625, before moving lower towards 0.7600...
The Australian dollar falls against its Oz counterpart in the Asian session, extending its long run of losses, largely on AUD weakness. Supported above 1.0400 Currently, the AUD/NZD pair traded at 1.0428 levels, -0.44% lower on the day, having slumped to fresh five week lows at 1...
EUR/USD is currently trading at 1.1314 with a high of 1.1353 and a low of 1.1302. EUR/USD has moved into a sideways drift now that the dust has settled, for the time being, post Eurogroup's meeting with Greek delegates and FM Yanis Varoufakis...
NZD/USD has been offered in sync with the decline seen in the Aussie following an unambiguously negative employment report in Australia, with the exchange rate now testing a key support at 0.7330...
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Following a brief bounce attempt, EUR/USD came under renewed pressure and dropped to fresh daily lows as Eurogroup meeting gets underway, with Greek debt negotiations taking center stage. EUR/USD dropped to a marginal new low of 1.1281, but remained overall within its recent range...
Analysts at Danske Bank believe a positive outcome in today’s eurogroup meeting could allow a rebound in the pair...
AUD/USD is currently trading at 0.7706 with a high of 0.7796 and a low of 0.7692. AUD/USD bulls have been making hard work of any upside of late and the pair is offered once again, this time with the greenback rallying across the board and Gold dropping...
Strategists at TD Securities remarked the relevance of the crude oil dynamics and the US-CAD spread as the main drivers for the Canadian dollar. Key Quotes “The combination of wider spreads and oil prices slipping back under $50/bbl is kryptonite for theCAD”...
The Sterling is currently falling hard against the US Dollar as the greenback is rallying across the board after breaking above 120.00 against the Japanese Yen. The GBP/USD fell 50 pips in the last few minutes from the 1.5300 area to test the 1.5250 level. Currently, GBP/USD is trading at 1...
AUD/USD was on the back foot and fell to an 8-day low during the European session as investors await Australian employment figures to be released on Thursday. AUD/USD came under pressure after failing to consolidate above 0.7800 and fell to a low of 0.7711 before finding support...
The slide in crude prices pushed the Canadian dollar lower, taking the USD/CAD pair to the session high of 1.2645 levels. Loonie weakens as Crude extends losses Crude prices in the US fell to a low of USD YSD 49...
