US: Downward Momentum Easing - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar has rebounded modestly in the Asian trading session bringing at least a temporary pause to the period of uninterrupted selling pressure which followed Fed Chair Yellen’s dovish speech at the end of...
EUR/USD Outlook Constructive Near Term – Westpac Richard Franulovich, Strategist at Westpac, has reiterated the constructive outlook for EUR/USD into next week’s ECB meeting...
Canada: A walk Back to Neutral - ING James Knightley, Senior Economist at ING, suggests that a more upbeat prognosis from the Bank of Canada suggests a long period of policy stability lies ahead...
China: Trade Balance Below Expectations – Deutsche Bank Research Team at Deutsche Bank, suggests that the China’s trade balance printed a little below expectations in March with a surplus of $US29.86bn versus consensus expectations of a $US34.95bn outturn...
BoC Ctrikes Cautious Tone, Dampening Loonie Upside - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the Canadian dollar has weakened modestly following yesterday’s more dovish than expected BoC policy meeting and release of their latest Monetary Policy Report...
NZD/USD: Supply Capping Minor-Recovery Near 0.6880 The NZD/USD pair faced strong selling pressure ahead of 5-DMA, and the prices stalled its recovery as the US dollar continues to trade higher across the board. NZD/USD recovers 50-pips from daily lows Currently, the NZD/USD pair slumps 0.77% to 0...
EUR/USD Unmotivated Near 1.1260, Focus on US CPI The shared currency is posting moderate losses vs. the dollar on Thursday, with EUR/USD hovering over the 1.1260 area...
AUD: Stronger Employment Report Offsets Credit Rating Warning - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the Australian dollar continues to derive support so far this year primarily from the easing of economic growth concerns in China and dampened Fed rate hike expectations...
BOE Monetary Policy Preview: What to Expect of GBP/USD? Bank of England (BOE) is widely expected to keep rates unchanged and the minutes are likely to show the interest rate vote count stayed unchanged at 9-0. GBP/USD pair made a failed attempt to take out 1.4354 (61.8% of 1.4669-1...
SGD: Singapore Surprise with Policy Easing - Investec Research Team at Investec, suggests that the big story overnight in currency markets was the unexpected loosening of policy by the Monetary Authority of Singapore (MAS), weakening regional Asian currencies in the process as the Singaporean Dol...
AUD/USD Firmer, Looks to Regain 0.7700 The Aussie dollar is gathering further traction today, now lifting AUD/USD to test fresh highs in the 0.7700 neighbourhood...
USD/CAD Downside Below 1.25 Unlikely – Westpac According to Strategist at Westpac Richard Franulovich, further losses south of 1.25 appear unlikely. Key Quotes “USD/CAD momentum remains lower especially given the break of 1.2850, a critical technical threshold that should unlock further losses...
GBP/USD Trims losses, Tests Hourly 200-SMA Ahead of BOE The offered tone around the GBP appears to lose steam in the European morning, now allowing the recovery in GBP/USD towards 1.42 handle, as focus now remains on the BOE policy decision...
AUD/USD Bullish Above 0.7725/50 – UOB In view of the research team at UOB Group, the Aussie dollar could accelerate its gains above the 0.7725/50 band. Key Quotes “AUD touched a low of 0...
EUR/GBP Remains Under Pressure – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the cross well supported in the 0.7881/0.7827 area. Key Quotes “EUR/GBP remains under pressure following its recent reversal from target. It has sold off to nearby support at...
EUR/JPY Stays Below 123 Despite Upward Revision of Eurozone Inflation Upward revision of Eurozone HICP inflation has failed to strengthen the bid tone around EUR, leaving the EUR/JPY cross below 123.00 handle. Supported by 122.72 Cross fell to a low of 122.72 before recovering to just above 123...
EUR/GBP fails once again near 0.7970 Post-CPI The bulls were left unimpressed by the upward revision to the Eurozone CPI estimates, sending EUR/GBP lower towards the mid-point of 0.79 handle. EUR/GBP capped below 5-DMA Currently, the EUR/GBP pair trades 0.28% higher at 0...
EUR/USD Keeps the Red on EMU’s CPI EUR/USD remained unchanged following the final CPI figures in the euro area for the month of March, currently navigating the 1.1270 area. EUR/USD now looks to US CPI Spot is attempting a rebound from earlier lows in the 1...
IMF Sounds More Warnings - ANZ Research Team at ANZ, suggests that last night, the IMF’s semi-annual Fiscal Monitor warned that fiscal deficits in emerging economies are projected to be higher this year than they were during the GFC...