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...
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...
The central bank (CBR) revealed its real GDP growth forecast for 1Q 2016. The available data (for January-February) suggest that real GDP may have contracted “only” 0.3% qoq in 1Q 2016, compared to almost zero growth in 4Q 2015, according to the CBR...
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...
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...
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...
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...
A dovish speech from Fed Chair Yellen supported strong front-end-led Treasury market gains Tuesday, supporting a bit of a turn back higher in the yield curve after the resumed curve flattening trend over the prior week and also helping TIPS inflation breakevens move higher after four straight dow...
Dovish Yellen Means Short USD for Now: Fed Chair Yellen’s speech yesterday was notably dovish and has opened the door for further USD weakness in the short term, upwards of 3% on a trade weighted basis we think...
On Tuesday, #traders were looking forward to hear a speech of the Fed head Janet Yellen hoping to receive confirmation of comments, that many members of #FOMC had previously made. However, #Yellen expressed in the usual cautious tone. Find out more by checking out the Source Link...
Gold Offered Near 20-DMA, Drops Below $ 1240 Gold prices drifted lower in the Asian session, having booked strong gains the day earlier after Fed Chair Yellen turned outrightly dovish and triggered a broad USD sell-off. Gold stalls 2-day rally Currently, gold edges -0.10% lower to 1237...
AUD/USD: 0.7850 in Range After Dovish Yellen AUD/USD is in a period of consolidation after a rally overnight on the back of Fed Chair Yellen who surprised markets with a more dovish tone than was expected...
NZD/USD Drops Sharply From 3-Month High on Profit-Taking The NZD/USD pair reversed early gains and turns in the negative territory during the mid-Asian session, mainly driven by a fresh bout of profit-taking. NZD/USD fails once again near 0.6900 Currently, the NZD/USD pair trades -0...
USD/JPY Tracks Nikkei Lower, Revisits 112.40 The JPY bulls appear to tighten their grip once again in mid-Asia, sending USD/JPY back towards daily lows as the Japanese stocks extend to the downside...
