Russia's central bank on Friday cut its key interest rate, after raising it massively in December to shore up the ruble, in a bid to underpin economic activity that remains hurt by falling oil prices and economic sanctions...
After a drop to the 1.2680 area, the US dollar is now recovering the strength and pushingUSD/CAD back above the 1.2700 mark. USD/CAD back from multi-year highs Spot quickly clinched the 1...
The Russian Ruble suffered a steep decline today. This drop comes after the Russian Central Bank cut the country’s interest rate from 17% to 15% in hopes of boosting the nation’s floundering economy...
- EUR/CHF entered a consolidation phase after briefly rising above the 1.0500 mark to hit its highest level since the SNB removed the 1.2000 floor 2 weeks ago. EUR/CHF reached its highest level since Jan 15 at 1.0522, amid chatter the SBN has been intervening in the market to weaken the franc...
Valeria Bednarik, Chief Analyst at FXStreet, shares the technical outlook for EUR/USD, with the pair showing no major reaction post the US and EZ releases...
The ruble dropped to the weakest level since panic swept across Russian financial markets last month after a surprise interest-rate cut signaled the central bank no longer considered tackling inflation its primary task...
Jane Foley, Senior Currency Strategist at Rabobank, forecasts AUD/USD to head lower towards 0.70 levels over the medium-term, further expecting RBA to cut rates in the coming months...
On Friday the greenback lost some ground but was still soaring around 11-year high versus the other major currencies, as investors were expecting the release of fourth-quarter U.S. economic growth data, as well as additional U.S. reports due later in the day...
NZD/USD started to recover ground from multi-year lows during yesterday’s American session and continued on Asian hours. Below 0.7300 the pair found resistance and then stabilized, but recently weakened and broke below 0.7265, falling to 0.7238. Currently the pair trades at 0...
And the RBNZ joins the doves! In their latest policy statement, New Zealand central bank officials dropped their hawkish bias, pushing the Kiwi lower against its forex counterparts. Here’s what you should know about their announcement: 1. RBNZ open to a rate cut Where is the Kiwi headed next...
EUR/USD remains in the low-1.1300s following the release of the preliminary inflation figures in the euro area for the current month. EUR/USD around 1.1315/20 Nothing out of the ordinary from the CPI figures in the euro bloc...
Both the Australian dollar and the yen gained in Asia on Friday on data sets that showed mixed economic trends but generally within expectations...
According to the latest Reuters poll, 18 economists out of 25 expect the RBA on hold next week, while the rest (7) are calling for a rate cut. Meanwhile, according to a Bloomberg survey, 6 out of 27 economists see RBA rate cut in February, with 12 expecting a rate cut in March...
GBP/USD is currently trading at 1.5045 with a high of 1.5164 and a low of 1.5017 and down 0.72% on the day. GBP/USD dropped 30 pips and recovered back into a sideways manner beneath the 1.5120 support that gave up on earlier trade...
Outlook for the pound in 2015 - Lee Hardman, Currency Analyst at Mitsubishi UFJ Financial Group, Inc. explained conditions surrounding the pound and outlook going forward...
AUD/USD is trading at 0.7780 with a low of and high scored of 0.7908 and is down 1.55% on the day. AUD/USD has started to recover from these lows but there are no signs of the bearish tone coming to an end and this pair is destined for lower now having broken the 200 month ma at 0...
The California Department of Business Oversight (DBO) recently issued a press statement where it denied offering Coinbase any kind of business license status to operate in California...
EUR/USD moved slightly lower but remained broadly unchanged near the 1.1300 level after US data showed initial jobless claims declined more than expected in the latest week. Initial jobless claims dropped by 43,000 to 265,000 in the week ending January 24, marking the the lowest level in 14 years...
On Thursday the common currency held steady against the dollar despite preliminary data showing that Germany fell into deflation for the first time since July 2009 this month...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes that CAD has made fresh lows in tandem with oil prices and increased risk of a second BoC cut, opening doors for a further USD/CAD upmove. Key Quotes “CAD is weak having traded to fresh 5...
