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ECB Preview: No Material Changes - Rabobank According to market consensus, the European Central Bank will leave monetary policy unchanged on Thursday. Analysts from Rabobank expect to material changes in ECB’s staff projections...
GBP/USD Breaks Below 1.4500 as Brexit Fears Resurface GBP/USD extended losses and broke below the 1.45 mark in recent dealings as Brexit fears resurfaced following polls showing that the “leave” vote is ahead in the EU referendum...
FxWirePro: AUD/USD Cheered by Upbeat Data, But More Downside Expected The Australian dollar rebounded strongly against US dollar on Tuesday following encouraging economic data, dragging the pair all the way above 0.7250 levels. However after finding resistance at 0...
USD/CHF Remains Capped by 0.9950 USD/CHF climbed to fresh daily highs during the New York session as the greenback picked up momentum, with the pair retesting the upper side of its recent range, but still capped by the 0.9950/55 zone...
Brexit Poll Sparks FTSE Sell-Off • FTSE attempts to break out of range • ICM poll sends sterling and FTSE lower • US data support summer rate hike What looked like a boring day in the markets has been kicked into gear as the European indices fell sharply after a surprise EU referendum poll in fav...
Morgan Stanley Trade Of The Week: Where To Sell USD/JPY Rally? Currency investors should consider selling USD/JPY* on further rallies this week, advises Morgan Stanley in its weekly FX pick to clients...
EUR/GBP Breaks Above 0.7650 as Pound Tumbles The pound dropped across the board during the last two hours and extended losses amid new Brexit polls. EUR/GBP rose from 0.7615, broke above 0.7645 and climbed to 0.7675, hitting a fresh 1-week high...
USD/CAD Challenges Resistance at 1.3100 USD/CAD has risen to challenge the 1.3100 level during the American session, with the loonie under pressure on the back of lower-than-expected GDP figures and despite higher oil prices, while the greenback is gathering pace across the board...
NZD/USD Hits 1-Week Highs and Losses Momentum NZD/USD has been moving all day with a bullish bias and during the American session it climbed to 0.6776 hitting the strongest level since May 23. Afterwards it pulled back and it was trading at 0.6760, up 1...
EUR/USD Rejected from Highs, Erases Daily Gains EUR/USD stretched to fresh daily highs during the American session but was capped by the 100-day SMA and pulled back sharply, with GBP/USD slump dragging down the pair. EUR/USD was rejected from a high of 1...
Elliott Wave Analysis: USD Index Could Be In For Higher Levels On USD index daily chart we are observing a big sideways pattern since start of 2015; it's slow and overlapping price action which is a personality of a contra-trend movement that can be completed now...
GBP/USD Back Under Pressure as Poll Shows the “Leave” Vote Ahead GBP/USD turned sharply lower and fell to fresh lows for the day after another poll showed the “leave” vote was ahead in the EU referendum, fueling concerns over the Brexit...
US Dollar Slips to Lows Near 95.50 The greenback, gauged by the US Dollar Index, has intensified its bearish bias today, currently testing fresh lows in the 95.55/50...
GBP/USD: Below 1.4550 Look for 1.4300/1.4250 - Lloyds Analysts from Lloyds Bank warned about a further bearish correction in the GBP/USD pair, potentially targeting the 1.4300 - 1.4250 area. Key Quotes: “Intra-day studies remain bearish suggesting this latest rally phase towards 1...
AUD/USD Clings to Gains Around 0.7250 AUD/USD broke above the 200-day SMA and climbed to fresh 2-week highs before finding resistance, with the Aussie among the best performers in the FX space. AUD/USD stretched to its highest level since May 18 at 0...
USD/CAD Outlook Remains Bullish – Scotiabank Eric Theoret, FX Strategist at Scotiabank, has reiterated the bullish perspective for the pair in the short term. Key Quotes “We remain CAD bears on the basis of relative policy and look to a renewed widening in U.S.- Canada yield spreads”...
No Major Surprises Expected from OPEC Meeting A meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna is scheduled on June 2nd. Chinese manufacturing data ahead of OPEC meet to remain a key driver for oil prices...
USD/CAD Inter-Markets: Further Rangebound Likely USD/CAD is prolonging its current sideline theme in the mid-1.3000s following below-expectations results from the Canadian GDP figures during the first quarter, while US data releases have somewhat added to recent positive results in the US economy...
