AUD/JPY Soars on Australian Jobs, 86.00 in Sight AUD/JPY is building up its bullish momentum, first initiated on the back of a surprisingly dovish FOMC, to now have targeted the area 85...
AUD/USD Bulls Not Done Despite Jobs Miss AUD/USD has been a mixed show on the back of the jobs data and a big miss on the headline again. However, the bulls were not phased right away and bids came in that have been met by cautious offers given the dovish FOMC vibes lingering around markets...
EUR/USD Drops Further Near 1.1070 The selling pressure is now growing bigger around the common currency, with EUR/USD visiting the area of 1.1080/70 or session lows...
NZD/USD Neutral Near-Term – UOB The research team at UOB Group expects the neutral bias on the pair to remain in the next 1-3 weeks. Key Quotes “The overnight movement is line with our expectation wherein we expect the current pull-back in NZD to extend lower to 0.6545”...
AUD/USD Could Test the 0.7760 Area – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could see its upside renewed and attempt a test of 0.7760. Key Quotes “AUD/USD continues to ease lower very near term from the recent...
USD/CAD Printing Highs Near 1.3400 Ahead of FOMC The greenback is extending the positive note vs. its Canadian neighbour on Wednesday, now pushing USD/CAD to the area of 1.3480/85. USD/CAD firmer ahead of US data Spot is extending its rebound from recent lows in sub-1...
FOMC Statement and Economic Projections will be released today at 6:00pm GMT followed by Press Conference at 6:30pm GMT. These events will likely see volatility and widening of spreads in the seconds before release. We advise against holding USD positions unless they are already at break-even...
GBP/USD Weaker, Breaks Below 1.4100 The British pound keeps losing altitude on Wednesday, now sending GBP/USD back below the 1.4100 critical support...
USD/JPY Challenges Highs Near 113.70, FOMC on Sight The Japanese currency is giving away part of the recent gains vs. its American counterpart, lifting USD/JPY to the upper bound of the range near 113.70...
FXWIREPRO: EUR/JPY Struggles to Extend Gains Above 126 Handle EUR/JPY is seeing a small recovery after 2 consecutive sessions of losses, but upside in the pair capped at 126 handle...
Major and Commodity Currency Pairs Correlation 1 JAN 2015 – 15 FEB 2016 PDF format includes graphical representation and composite comparison, as attached...
Pound Drops Against Most Majors The British pound weakened against most major currencies in the Asian session on Wednesday. The pound fell to a 6-day low of 1.4124 against the U.S. dollar, from yesterday's closing value of 1.4149. Against the euro and the Swiss franc, the pound edged down to 0...
USDCAD: Rally continues - Scotiabank Research Team at Scotiabank, notes that the USDCAD continues to rally from Friday’s fresh multi-month low, testing near term resistance around 1.3400 at the upper bound of the descending wedge formation off the January highs...
Yen Falls Against Majors The Japanese yen weakened against the other major currencies in the Asian session on Wednesday. The yen fell to 126.01 against the euro, 160.45 against the pound and 114.96 against the Swiss franc, from yesterday's closing quotes of 125.68, 160.07 and 114.54, respectively...
BoE Interest Rate Expectations – Lloyds Bank Gajan Mahadevan, Research Analyst at Lloyds Bank, suggests that the changes in UK rate expectations have been a key factor in the decline in GBP/USD...
Australian Dollar Drops Against Most Majors The Australian dollar weakened against most major currencies in the Asian session on Wednesday. The Australian dollar fell to a 6-day low of 0.7439 against the U.S. dollar, from yesterday's closing value of 0.7456...
EUR/JPY Rejected off 126.00 Resistance EUR/JPY saw heavy demand in early Tokyo, sending the pair straight into the 126.00 resistance level - prior triple bottom -, from where offers have managed to cap further upside, allowing a mild correction lower towards 125.80, current price...
The Bank of Japan, last night decided to leave their current stimulus plan unchanged, in addition to the current benchmark rate at -0.10%. The members votes 8-1 to keep the current stimulus package at ¥80 trillion. The members also voted 7-2 to keep the benchmark rate unchanged...
AUD/USD Slumps to Lows Near 0.7460 The Aussie dollar is now depreciating further, dragging AUD/USD to visit fresh lows in the 0.7460 area...
