All Blogs
USD/JPY Drops Further, 112.00 on Sight The greenback is rapidly depreciating vs. its Japanese counterpart on Wednesday, now relegating USD/JPY to test the proximity of the 112.00 key support...
AUD Getting a Little ahead of itself? – Westpac Robert Rennie, Research Analyst at Westpac, notes that the A$ is currently trading barely within my measures of fair value. Key Quotes “Indeed, the low end for my fair value range sits at 0.76 and the upper end at 0.80...
USD/CHF Plummets to 0.9640, 2016 Lows The offered tone around the greenback is now gathering further traction, sending USD/CHF to fresh lows near 0.9640. USD/CHF attention to ADP The pair is posting fresh yearly lows in the 0...
Brent Oil Snaps Two-Day Losing Streak Brent oil is trading higher in Europe, putting an end to a two-day losing streak after the API data in the US showed smaller-than-expected inventory build...
US ADP Employment and Eurozone Confidence Main Market Movers Today – Danske Bank Research Team at Danske Bank, suggests that the release of the ADP employment data for March should give us an early indication of what to expect from the official job report for March due on Friday although, admitte...
FXWIREPRO: Modifying Strategy in Our Pound/Dollar Bull Call Anyone who have read through our post “Pound could gain towards 1.5 against Dollar” could easily relate, if not then you have the article here - http://www.econotimes.com/FxWirePro-Pound-could-gain-towards-15-on-weaker-Dollar-178482...
Expect Downward Pressure on the JPY Going Forward - NAB Research Team at NAB, notes that the Japan’s foreign exchange reserves remain high, and at USD1.25 trillion are the second highest in the world, after China...
Cable Jumps Above 1.44 on Broad Based USD Selling European desks are offering US dollars in response to dovish Yellen, pushing the GBP/USD pair to a session high of 1.4426 levels. Trades at 7-day high At 1.4426, the spot is trading at its highest since March 21...
USD/JPY Could Test 115.00 in 3-Month – Danske Bank Analyst at Danske Bank Mikael Milhoj sees the pair climbing towards the 115.00 handle in a 3-month horizon...
BOJ’s Negative Rates Drive Japanese Lending Rates to Record Low On Wednesday, Reuters reported the data released by Bank of Japan (BOJ), which showed the Japanese lending rates hit a record low in February, and highlighted its negative impact on the commercial banks' profit margins...
EUR/USD Upside Capped Near 1.14 – Westpac Strategists at Westpac have hinted at the possibility that the pair’s upside could struggle around 1.1400. Key Quotes “Not a lot to do or say while EUR/USD ambles in a wide 1.08-1.14 range for yet another week”...
EUR/USD Forecast: Focus on US ADP – Commerzbank and UOB EUR/USD has returned to the 1.1300 neighbourhood following Tuesday’s dovish tone from Chairwoman Yellen and ahead of today’s ADP report in the US economy...
EUR/GBP Offered at Hourly 50-MA, Turns Negative EUR/GBP faced rejection at hourly 50-MA level of 0.7858 levels and erased gains as Stoxx 50 futures opened higher...
Oil Rebounds in Asia, EIA Inventory Report Eyed Oil benchmarks on both sides of Atlantic posed a minor rebound in the Asian trades, bringing a halt to the five consecutive sessions of declines...
USD/CAD Sidelined Below 1.3100, ADP Eyed USD/CAD is posting moderate losses around the 1.3060 area on Wednesday ahead of the key US ADP report. USD/CAD lower post-Yellen Spot has come under renewed selling pressure in response to the dovish speech by Chief J...
GBP/USD: Bullish Move Stalls as "In" Campaign Lead Narrows GBP/USD is working hard to avoid losses in early Europe after a latest Ipsos Mori poll showed "In" campaign lead narrowed. Trades above 38.2% Fibo At 1.4376, the spot is sitting a few pips above 1.4368 (38.2% of 1.5230-1.3835...
ECB Coeure: Won’t take Rates into 'Absurdly Negative Territory' More ECB Coeure headlines from Politico interview published on ECB site: Not short of instruments; choice quite large Won’t take rates into 'absurdly negative territory' 'Helicopter money' not part of Gov council discussion...
EUR/JPY Breaks Below 127.00, Session Lows The buying interest around the Japanese currency has dragged EUR/JPY back below the 127.00 key support on Wednesday. EUR/JPY lower on JPY-buying Yesterday’s dovish remarks from Chairwoman J...
Japan’s Current Account Surges to a Recent High - NAB Research Team at NAB, notes that the Japan’s current account surplus surged to ¥16.64 trillion in 2015 (3.3% of GDP), the strongest outcome since 2010. Key Quotes “The goods account improved by ¥11.3 trillion (to -¥643...
