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In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could grind lower towards 110.67. “USD/JPY spent much of last week under pressure following its failure at the top of a 6 week channel at 113.90 and has now also erased its mid point”...
EUR/USD Trims Daily Losses, Approaches 1.1400 EUR/USD fell to test fresh daily lows during the European session but found support at the 1.1360/55 area and bounced, trimming intraday losses...
This Thursday we get the “accounts” of the March European Central Bank meeting and Bank of America Merrill Lynch warn that the strengthening euro could be targeted. The topic of central banks fighting their rising currencies has picked up as we head into the second quarter...
The short position in #GPBUSD we have opened on the fractal breakthrough downwards at 1.4323 is in the market. Among additional signals we have «red zone» bars, as well as a «zero crossing» on the АО. Find out more by checking out the Source Link...
We are holding an order to buy #EURUSD. Meanwhile, we should note that the #price is close to the red Alligator's line, which is currently at 1.1356. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Jane Foley, Senior FX Strategist at Rabobank, suggests that the combination of a decent US labour market report for March and the widely held view that Fed Chair Yellen is strongly biased towards maintaining a cautiously dovish position on policy has kept risky assets largely well supported, desp...
Stops through 1.4240-45 taken out in Cable, in a move that has been threatening all morning, with the move through 1.4200 earlier on having met with strong demand limiting the day’s lows to just under 1.4190. Friday’s heavy sell off was well contained ahead of 1...
The Reserve Bank of Australian meet for their April meeting on Tuesday and analysts at ANZ bank think they may start talking down their currency to prevent further pain to exporters...
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The euro to dollar exchange rate (EUR/USD) may be nearing its zenith on account of it being overvalued. Three analysts warn that the euro is looking increasingly likely to capitulate lower EUR to USD conversion quoted at 1...
The British pound is advancing on the euro at the start of the new week. We examine why this recovery is due and whether or not the underlying downtrend will resume. The GBP/EUR exchange rate has recovered back above the 1...
While some technicals suggest the USD may pause here, the overall decline in volatility, caused by better global data - notably from China - is a headwind to the USD now... The EURUSD...
Lee Hardman, Currency Analyst at MUFG, notes that the Australian dollar has underperformed in the Asian trading session alongside other commodity related currencies...
Research Team at Investec, suggests that as we venture into the first full week of April and the second quarter of the year, it’s worth taking note of Friday’s solid non-farm payrolls figure, with the US showing a 200k+ increase...
Ratings agency Standard & Poor’s (S&P) warned again that UK could lose its AAA rating if Britons vote in favour of Brexit at June 23 referendum. S&P chief sovereign ratings officer Moritz Kraemer explained in an opinion piece written for Politico, “Given the U.K...
GBP: Low Turnout will Increase Brexit Risk - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the pound is continuing to weaken and becoming more volatile ahead of the EU referendum on the 23rd June...
Sverre Holbek, Senior Analyst at Danske Bank, believes the cross could head lower in the next periods. Key Quotes “The news out on Friday from the wage negotiations in Sweden on Thursday last week has provided a temporary floor in EUR/SEK”...
GBP/USD Vulnerable, Attention Shifted to 1.4085/56 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the support area at 1.4085/56 has regained attention. Key Quotes “GBP/USD failed to maintain its breach of the 3 month resistance line last week and sold off sharply”...
USD/JPY Downside Risks Have Increased – UOB Spot remains expose to further pullbacks, suggested the research team at UOB Group. Key Quotes “The downside risk has clearly increased with the unexpected sharp drop last Friday”. “However, supports are stacks at 111...