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Yen is Top Performer for 2016 So Far - Nomura Analysts at Nomura explained that the Japanese yen (JPY) is the top-performing currency year-to-date...
AUD/USD: Only 40% of the RBA was Priced in - Westpac Analysts at Westpac noted that AUD/USD was 0.7710 ahead of the RBA’s rate cut which was only 40% priced in, so fell steeply to around 0.7560 in the Sydney afternoon. Key Quotes: "The Aussie attempted a rally in the London morning to around 0...
Key Events in the U.S. - Nomura Analysts at Nomura offered a preview of U.S. data events. Key Quotes: "ADP employment: In line with our forecast for BLS private nonfarm payrolls, we forecast that ADP private employment gained an additional 200k jobs in April (Consensus: 195k...
AUD/JPY: Downside Targets 2016 Lows 77.56 AUD/JPY is back on to the 80 handle with a pick-up in USD/JPY with the cross reaching a high of 80.37 while intra-session highs were recorded at 80.57 on the post-RBA cut, yet short-lived, re-bound...
Key Events: Awaiting U.S. Open - Westpac Analysts at Westpac noted that the Asian data calendar is light. Key Quotes: "Indonesia Q1 GDP is expected to be stable at 5.1% y/y...
NZD/USD Slightly Bid on Best Q1 Jobs Since 2004 NZD/USD is mixed on a mixed jobs data release, with an initial offer, but now securing a bid on pre-announcement levels. The unemployment rate increased to 5.7% vs 5.5% expected while average hourly earnings were lower than expected...
USD/JPY: Intervention on its Way, but How? Market Eyes 103.80 USD/JPY shot up earlier in a freak move with little substance behind it in thin trade. 107 was popped but only momentarily...
AUD/USD: Technically 0.7450 is the One to Watch - FXStreet Valeria Bednarik, chief analyst at FXStreet explained the technical picture surrounding AUD/USD Key Quotes: "In the 4 hours chart, the price remained capped by a flat 20 SMA, now around 0...
AUD/USD: headed to 0.7477? More action to come ... AUD/USD is pursuing the downside and more than often, a weekly bearish stick is followed by at least another one or two, although that has not been the case so far this year...
FTSE Bearish Potential Persists - FXStreet The FTSE 100 fell to a 3-week low, down 0.90% to close at 6,185.59, as poor manufacturing data coming from China weighed on the mining sector. Shares in Anglo American dived 12.8%, Glencore fell 8% and BHP Billiton dropped 6...
USD/JPY: Markets Taking Control Despite BoJ - FXStreet Valeria Bednarik, chief analyst at FXStreet noted that the USD/JPY pair extended its decline down to 105.54 before finally meeting some buying interest, and bounced modestly to close the day a handful of pips above the 106.00 mark...
US Stocks Fall Sharply Amid Global Growth Concerns Wall Street plummeted as tech stocks remained under pressure, while oil decline sent the energy sector 2.4% lower. The Dow Jones Industrial Average dived 140 points to close at 17,750.91, the Nasdaq lost 1.13% to end at 4,763...
DAX Hovers Below 10,000 The German DAX lost 1.94% or 192 points to end the day at 9,926.77, following further declines in oil prices and renewed concerns over a weakening global economy after China's manufacturing sector contracted for a fourteenth month in-a-row...
Nikkei: Technicals Favour the Downside - FXStreet Asian shares closed mostly higher on Tuesday, fueled by RBA's decision to cut its main benchmark and despite China's Caixin Manufacturing PMI weakened to 49.4 in May from 49.7 in April, below market expectations...
GBP/CAD Holds onto Gains Near 1.8500 The Canadian dollar plummeted against all of its major rivals Tuesday on the back of oil's weakness, leading to an advance to 1.8510 in the GBP/CAD cross. Crude oil futures in the US fell down to $43...
Gold Turns Lower as Dollar Strengthens Gold prices surged at the beginning of the day, but the greenback’s comeback seen during the American afternoon sent the commodity into the red, with spot down to a fresh weekly low of $1,282.13 an ounce before settling around 1,286.50...
NZD/USD: En-Route for Key 20 Supporting DMA 0.6900 NZD/USD has taken a tumble on a number of counts and broad dollar strength and in an extension of last nights supply on the back of the RBA cutting rates in the pacific...
EUR/USD: Greenback Battles Back - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the American dollar fell to fresh yearly lows against most of its major rivals this Tuesday, as poor manufacturing data coming from China revived concerns over a global economic slowdown...
EUR/USD Finds Support at 1.1500 The decline of the EUR/USD pair from 1.1615, the highest level since August.2015, found support at the 1.1500 handle. The euro started to pullback and accelerated to the downside on American hours amid a stronger US dollar across the board...
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