GBP/USD managed to recover the 1.5020 area following the better-than-expected Construction PMI in the UK economy. GBP/USD testing lows near 1.5000 The pair returned to the 1.5020/25 band after the Construction PMI surprised investors advancing to 59...
The Kiwi dollar hit four-year lows against its U.S. peer on Tuesday, as a reaction to news of a surprise rate cut by the Reserve Bank of Australia and as market players eyed New Zealand employment data due later in the day...
The first forex hub of the Mumbai-headquartered Central Bank of India in Gujarat was opened at Urmi Char rasta here to provide prompt and efficient services to importers and exporters...
The Australian dollar continues to get bashed by the Euro as the Reserve Bank of Australia’s (RBA) move towards accommodative policy hammered to Aussie to fresh multi-year lows. EUR/AUD jumps about 2% Currently, the EUR/AUD cross rallied to fresh one month highs at 1.4840 levels, gaining 2...
The sterling is transiting an even session vs. the greenback on Tuesday, relegatingGBP/USD to the low-1.5000s. GBP/USD keeps 1.50 ahead of data The pair is following the erratic mood in the risk-associated space during the first half of the week, at least managing to keep the trade above the 1...
EUR/USD extended its accumulation phase for fourth day in a row, unable to breach the 1.14 barrier and wavers above 1.13 handle. EUR/USD trades lack lustre The EUR/USD now trades at 1.1327 levels, down -0.13% on the day, bouncing off day’s high at 1.1351 levels. EUR/USD remains weak below 1...
On Tuesday the Australian dollar suffered a sharp drop after the Reserve Bank of Australia unexpectedly cut rates to 2.25%, citing the need to achieve balanced growth...
The RBA finally decided that the best course of action to stimulate both price levels and the economy would be to cut its rate by 25bp to 2.25%, however, the question now is, will the easing bias prevail? And if so, how many more cuts can we expect before year-end...
AUD/NZD has dropped like a rock over 1.2 cents after the RBA decided to cut the interest rate by 25bp to 2.25% today, leading the exchange rate to trip stops sub 1.0620, printing a new 2-week low of 1.0574 before a rebound towards 1.0610/15 presently...
AUD/JPY shaved-off gains and plummeted to fresh yearly lows as Reserve Bank of Australia (RBA) surprised most traders by cutting its policy rate to new record lows. Sinks over 2% from 91.61 levels post RBA action Currently, the AUD/JPY pair hit fresh 1-year low at 89.69, a recording 2...
AUD/USD plunged to fresh five and half year lows after the Reserve Bank of Australia (RBA) slashed its official cash rate (OCR) by 25 bps from 2.50% to record low of 2.25%. Down from 0.7800 levels Currently, the AUD/USD collapsed -1.72% and trades at fresh multi year lows of 0...
The USD/CAD pair halted losses after the Canadian manufacturing PMI printed at a weakest level in 21 months in January. Recovery in Crude supports CAD WTI crude prices have recovered to trade 0.25% higher at USD 48.36/barrel after having hit a low of USD 46.68/barrel earlier today...
On Monday the U.S. dollar declined against its Canadian counterpart, stepping off a six-year peak after data showed that U.S. personal spending declined for the first time in 20 months in December...
USD/CAD was moving toward fresh multi-year highs but then turned to the downside and lost more than a hundred pirp in a few hours as crude oil jumped more than 2.50% with the barrel trading near $50. The pair climbed earlier to 1.2772, less than 30 pips below last week highs and then pulled back...
EUR/CHF printed a fresh daily high at 1.0586, reaching a fresh post SNB turmoil and then pulled back modestly. It was trading at 1.0440/50, almost 200 pips above Friday’s closing price...
Stops below decent demand at 1.270o has kicked the pair to 1.2680 where more bids await Oil prices have risen steadily this morning with Brent posting 55.60 from lows of 51.38 in Asia Currently 54.90 and 1.2685 GBPCAD finding it tough above 1.9225 again and has fallen to 1...
The demand for the sterling remains on the back footing at the beginning of the week, with GBP/USD now retaking 1.5030 after testing lows near 1.5000 the figure...
EUR/USD climbed higher to clock fresh session highs at 1.1355 levels in the mid-European session, despite mixed PMI numbers from the Euro zone. Upside restricted on Greek concerns The EUR/USD now trades at 1.1344 levels, higher by 0.51% on the day...
AUD/USD broke momentarily above 0.7800 during the European session and printed a fresh daily high at 0.7811, but then lost strength and pulled back below. Currently the pair is hovering around 0...
On Monday the pound recouped its losses against the greenback, supported by upbeat manufacturing activity data from the U.K. although investors remained cautious amid ongoing concerns over Greece...
