All Blogs
GBP/JPY Recovery Remains Capped by 154 ahead of UK Data The cross in the GBP/JPY stalled a minor-recovery just shy of 154 handle and now consolidates below the last as we await the UK trade figures due out shortly...
EUR/USD Reverses Sharply from Monthly High, Back Below 1.1400 Handle After printing monthly high level of 1.1416, the EUR/USD pair erased early Asian session gains and turned lower, dropping back below 1.1400 handle to currently trade near session low level...
USD/CAD Ends 4-Day Losing Streak, Rebounds Above 1.2700 The US dollar staged a solid comeback versus its Canadian counterpart in the European session, driving USD/CAD sharply higher above 1.27 handle. USD/CAD recovers from 0.2670 region Currently, the USD/CAD pair trades +0...
NZ: Kiwi Flying High in the Aftermath of RBNZ - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the New Zealand dollar has benefitted from the RBNZ’s decision to leave its key policy rate unchanged overnight at 2.25...
EUR/JPY: Sell-Off Extends, Attacks 121 Handle The bearish pressure behind the EUR/JPY cross accentuated post-European open, mainly driven by aggressive yen buying across the board amid risk-aversion. EUR/JPY gives-up 60-pips in the last hour The EUR/JPY pair slumps -0.67% to 121...
USD/JPY Slammed to a 5-Week Low of 106.30 The US Dollar weakness against its Japanese counterpart seems to have gained momentum, with the USD/JPY pair now dropping to its lowest level in 5-weeks...
GBP/USD Neutral Bias Persists – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s bias remains tilted to the neutral side for the time being. Key Quotes “GBP/USD is in the middle of its range but remains below initial resistance at 1.4665...
Technical Snapshot in EMEA FX Space – BBH Analysts at BBH gave a technical picture of the EMEA (Europe, the Middle East, and Africa) space. Key Quotes “EUR/HUF has retraced three quarters of the May rise...
GBP/USD Fades a Spike to 1.4527, Prints Fresh Session Low As the European session got underway, the GBP/USD pair witnessed a sudden up-surge to 1.4527 before fading back to currently trade back around 1.4500 handle. The pair on Wednesday witnessed a sudden reversal, erasing all of its gains to 1...
EUR/USD Bullish, Looks to 1.1450 – UOB The research team at UOB Group sees EUR/USD targeting the 1.1450 area in the near term. Key Quotes “As mentioned yesterday, while short-term momentum does not appear to be very strong, the strong rally that started late last week appears incomplete”...
AUD: Falling Growth Raises Downside Risks - ANZ Research Team at ANZ, estimates that the Australia’s potential growth is closer to 2.5% than the 3% that was commonly sighted previously...
Gold Pauses After Hitting Three-Week High Level Gold is seen retracing a bit from a 3-week high level of $1266 touched during Asian trading session on Thursday and is currently trading with only a marginal cut, at $1261...
USD/CHF Downside Pressure Remains Below 0.9800 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot remains under downside pressure although the down move is deemed as corrective. Key Quotes “USD/CHF remains under pressure following the erosion of the 61...
AUD: The Week Ahead - ANZ Research Team at ANZ, notes that the AUD has been launched higher by the weaker than expected US payrolls report, which undermined near-term expectations for rate hikes from the Fed...
AUD/USD Poised for a Test of 0.7545 – UOB In view of the research team at UOB Group, the Aussie dollar could attempt a test of the mid-0.7500s vs. the greenback in the next 1-3 weeks. Key Quotes “AUD just moved clearly above the strong 0...
NZD/USD Rallying Hard After RBNZ Maintained Staus-Quo The NZD/USD pair surged to 0.7147, its highest level since June 2015, after the RBNZ decided to hold its key benchmark rates unchanged at 2.25...
EUR/USD Could Test 1.1465/95 Before a Leg Lower – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside could struggle around the 1.1465/95 band, triggering a potential correction lower. Key Quotes “EUR/USD has reached initial resistance at 1.1415/20, the 61...
Oil Sits at Fresh Multi-Month Highs, US Draw Underpins Oil benchmarks on both sides of Atlantic continue to flirt with eight-month tops amid ongoing USD selling and falling US crude supplies. US rigs count data eyed Currently, both crude benchmarks are extending into the green, with Brent at 52...
EUR/USD Wobbles Around 1.1400, Draghi Eyed The single currency has retreated from the area of session highs near 1.1420 vs. the greenback, now taking EUR/USD to the 1.1400 region...
