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Turkish Lira At More Than 4-Month High Vs U.S. Dollar After Strong GDP Data The Turkish Lira firmed against the U.S. dollar in European deals on Thursday, as Turkey's economy expanded at a faster-than-expected pace in the fourth quarter of 2015...
Renminbi Series: Yuan-Hibor Turns Negative First Time Ever Remember the Hibor? That came notoriously famous as after this Yuan based, Hong Kong interbank offered rate, in January reached 66.8% in January...
GBP/JPY Trade Idea Major support- 161.30 Major resistance – 162.60 The pair has retreated after making a high of 162.57 yesterday. It is currently trading around 160.99. Short term trend is weak as long as 162.60 holds...
Jane Foley, Research Analyst at Rabobank, suggests that in tandem with the paring back of long USD positions over the past year, extraordinarily short EUR positions have been covered...
GBP/USD Peeps Above 1.44 Handle GBP/USD printed a session high of 1.4420 as Euro’s move to fresh 5-month high is keeping USD under pressure across the board. Weak data ignored In light of a bullish move in the EUR/USD, sterling traders are ignoring a weak data released today...
EUR/USD in Fresh 2016 Highs, 1.14 on Sight The single currency is extending its march north today, now lifting EUR/USD to print fresh YTD tops around 1.1380. EUR/USD boosted by USD weakness, EMU’s CPI The pair keeps the firm footing into the second half of the week, trading closer to the 1...
Gold May Drop Below $1,200 in Coming Months - GFMS GFMS analysts at Thomson Reuters noted in their latest report published on Thursday, gold prices are expected to drop below $ 1200 – psychological barrier in near term amid Fed rate hikes and softening physical demand...
Research Team at BBH, notes that the Eurozone reported revisions for March CPI. “Headline inflation improved to -0.1% y/y from -0.2%, while core picked up to 1.0% y/y from 0.8% (consensus 0.9%). After Germany’s upside surprise yesterday (0.3% y/y vs. 0...
The selling pressure is not giving up around the greenback today, now sending USD/CHF to the lower end of the range near 0.9620. USD/CHF weaker on USD-selling Spot is retreating since Monday after being rejected from recent peaks just below the 0...
Euro Higher After Eurozone Consumer Price Inflation The euro gained ground against the other major currencies in European trading on Thursday, after data showed that inflation in the euro area improved modestly in March, albeit remaining negative due to sharp falls in the energy prices...
EUR/GBP has been in a strong uptrend since breaking out above the 0.7490 range highs in January. Recently, on March 24, it made a new 14-month high of 0.7945. Since then it has slid back down to its current trading level at 0.7905 in a hint that the strong uptrend is troubled...
#CAD continued to rise against #USD, despite the negative trend in #oil prices. Thus, #USDCAD has updated the five-month low. Market participants are now at a certain crossroads, it is recommended to stay out of the market until we will receive new signals. Discover more at http://bit...
Elwin de Groot, Eurozone Strategist at Rabobank, notes that the PBOC allowed the CNY to fix much stronger again today, reversing previous fixes weaker, and apparently a response to the Fed's "we won't raise if you don't devalue" message...
The dollar continued its decline against major competitors in #FOREX. We should note that in terms of technical analysis #EURUSD has achieved the five-month high. It is recommended to buy on a breakthrough of the above indicated resistance line at 1.1377...
Research Team at Deutsche Bank, notes that the Fed’s Evans yesterday mentioned that he expects the US economy to be strong enough to justify raising rates twice this year...
Reuters quoting sources familiar to the matter, the Bank of Japan (BOJ) is expected to slash its inflation outlook for the next two fiscal years at a quarterly review meeting next month...
Elwin de Groot, Eurozone Strategist at Rabobank, suggests that the UK steel industry is on the brink of collapse, it appears, due to the flood of oversupply from China. “As such, politics may well crack before the markets do...
Research Team at TDS, suggests that reflecting the mixed nature of the German (higher), French (as expected), and Spanish (weaker) inflation reports in the last 24 hours, broader euro area inflation in March came in as markets expected at -0.1% y/y...
AUD/USD: Bulls Fight Back Control, Wednesday’s High Eyed The AUD/USD pair bounced-off hourly-50 SMA support and climbed higher over the last hours on resumption of broad based USD selling. AUD/USD underpinned by USD weakness Currently, the AUD/USD pair trades 0...
