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CAD: Downside Risks Remain Firmly in Place – RBC CM Research Team at RBC Capital Markets, suggests that the downside risks remain firmly in place for USD/CAD technically as crude oil is propelled higher off of uptrend support at 48.55. Key Quotes “With support at 1...
WTI Targets 2016 Highs Around $50.00 Crude oil prices continue their march higher on Tuesday, lifting the West Texas Intermediate to the vicinity of the psychological handle at $50.00 per barrel...
UK: Sterling's Surprising Strength - BBH Research Team at BBH, suggests that a major development today is sterling's strength as the Sterling inexplicably shot up almost two cents in a matter of minutes in Asia (~$1.4475 to $1.4660). Key Quotes “It quickly came off amid talk of a trading error...
AUD/USD Extends Its Bullish Momentum to 0.7450 Bulls maintained their firm grip on the AUD/USD pair, boosting the pair further to a fresh session high level of 0.7450...
Sterling Volatility Heightened Leading Up to the EU Referendum - Investec Research Team at Investec, suggests that they have been talking a lot recently about volatility and particularly heightened Sterling volatility leading up to the EU referendum as uncertainty of the outcome, and how the poun...
Fed: On Hold for Now - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the Fed’s on hold for now and probably until after the Presidential Election and that’s all that matters...
EUR/USD Stuck Within Range, Near 1.1370 The shared currency keeps its daily gains vs. the dollar, with EUR/USD advancing moderately around 1.1370...
Fed: Yellen Sticks to the Plan – Investec Research Team at Investec, suggests that the major event of the last 24 hours was Fed Chair Janet Yellen speaking for the last time ahead of next week's June FOMC policy meeting...
USD/CAD Inter-Market: Finds Support from Yield Spread Tilting in Favour of USD Ever since the US NFP data release, the USD/CAD pair has eroded almost 350-pips and now mires near five-week troughs, looking to test the key psychological support at 1.2700 levels. From a drop from above 1...
EUR/GBP Recovers From ‘Brexit’ Poll Led Fall, Still Below 0.7800 After an initial downward spike to 0.7751 during Asian session, attempted recovery to 0.7835 faded and the EUR/GBP pair has now moved back below 0.7800 handle...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, June 7th AUD/USD is extending its rapid growth for the second day this Tuesday. The pair tested five-week high at 0.7431 on the back of RBA’s decision to leave rate unchanged at 1...
GBP/USD Forecast: Short Term Bullish The GBP/USD pair filled the weekly opening gap, in a strange early move, as the pair jumped roughly 200 pips mid Asian session, soaring up to 1.4657 and retreating afterwards to the 1.4500 region, only to resume its advance with the European opening...
FTSE On Course for Another Green Day The FTSE 100 is trading in positive territory once more this morning, with the index moving to its highest level in over a month and looking on track to post another day of gains...
US Dollar Depressed Below 94.00 The greenback, when tracked by the US Dollar Index, remains on a bearish bias today, currently extending the break below the key 94.00 support...
EUR/USD Forecast: Yellen's Vague Comments Weigh on the USD The EUR/USD pair trades near its recent highs, but still below the 1.1400 level, despite broad dollar's weakness...
USD/CAD Faces Double Whammy, Hits Fresh 5-Week Lows The USD/CAD pair came under aggressive selling pressure post-European open, now hovering within a striking distance of multi-week lows. USD/CAD trades below all major DMAs Currently, the USD/CAD pair trades -0.35% at 1...
USD/JPY Points South Near 106.00 – UOB A test of the 106.00 neighbourhood in USD/JPY still remains on the cards, according to the research team at UOB Group. Key Quotes “Expectation for further USD weakness was wrong as we witnessed a strong rebound in overnight trading (high of 107.65...
USD/JPY Rallies Could Struggle Around 108.25/90 – Commerzbank Bullish attempts in USD/JPY could find strong resistance in the 108.25/90 band, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/JPY has seen a minor erosion of 106.80 – the 78.6% retracement...
EUR/NOK Weaker, Challenges 3-Week Lows The Norwegian krone is sharply up vs. its European peer on Tuesday, relegating EUR/NOK to the area of multi-day lows around 9.2400...
