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There are three highlights to the foreign exchange market today. First, the yen is marginally softer. The yen's strength this month has been the main development...
Negative interest rates, which central banks in several countries have implemented as a way to spur economic growth, is a radical move. In the last of a three-part series, ‘Negative Thinking,’ commentator Satyajit Das examines this policy and its risks...
Gold Upon reaching $1235, there has been significant selling on gold by major players, which can be seen by the volumes in both Forex (on high liquidity brokers) and Futures. An important high was made at $1272, which held on multiple break-out attempts...
The BoC is widely expected to hold the overnight rate target unchanged at 0.5% on Wednesday. A recent string of positive data releases, including a strong employment report last week, has taken pressure off the BoC to ease further...
4 top reasons to use stop loss – “Stop Loss” is probably the very second term you learn in Forex after “Take profit” . But do you really need a Stop Loss ?? – Well, we will answer this extremely critical question needed for trading in the next 5 top reasons to use stop loss...
We expect the continued low inflation in the euro area to eventually trigger additional easing from the ECB, but we do not expect the ECB to address this by rate cuts...
The yen hit a 17-month high against the dollar on Monday in the currency market's latest warning sign to equity investors. The strength of the Japanese yen this year has been a bit of a surprise for many investors...
Italy's financial industry has approved a government-backed plan to set up a rescue fund to help weaker banks. The Atlante fund will be made up by private money, reportedly worth €5bn ($5.7bn; £4bn), and will buy up shares and bad debt in struggling banks...
Gold Stuck Between Hawkish Fed Speak and Dismal IMF Report Gold looks trapped between hawkish comments from Fed officials and bearish global growth forecasts published by the International Monetary Fund (IMF...
USD/CAD Aims to Further Weakness – Scotiabank FX Strategist at Scotiabank Eric Theoret sees USD/CAD could slip towards lower levels in the near term. Key Quotes “Signals are broadly bearish and all eyes are on the October 2015 low at 1.2832”...
WTI Firmer, Approaches $41.00 The barrel of West Texas Intermediate is prolonging its weekly advance today, now flirting with daily highs in the vicinity of the $41.00 mark...
USD/CHF: Near the Level of 0.9565 Last week, the pair USD/CHF has broken out strong resistance level of 0.9565, which is crossed by moving average lines ЕМА200, ЕМА144 and bottom limit of the descending channel on the weekly chart...
GBP/USD: The Pair is Unlikely to Exceed the Level of 1.4300 On the daily chart the rise in the pair GBP/USD is prevented by two strong resistance levels of 1.4300 (ЕМА50), 1.4385 (Fibonacci 38.2% to the decline from the level of 1.5230 since mid-December 2015...
The commodity currencies continue to gradually gain ground against the USD this week, notes BNP Paribas. "This comes against a backdrop of stable equity markets but a rebound of several key commodity prices," BNPP adds...
Both EUR and GBP remained fairly resilient against the USD and the apparent driver seems to be investors’ growing belief that neither the ECB nor the BoE are likely to announce aggressive easing anytime soon...
FXWIREPRO: Yen Eyes on Gains Again As Boj's Kuroda Hints Stimulus - Hedging Positions in Line With Risk Reversals As we could see the change in delta risk reversal numbers into negative territory, that signals underlying pair would resume its bearish travel in next 1 weeks time...
USD/JPY: Testing the Limits of FX Intervention - UBS UBS analyst team pointed out that their bullish USD/JPY view is being challenged by strong negative momentum after the USD/JPY broke below the key support level of 110 last week...
US Dollar Retakes 94.00 and Beyond The greenback, gauged by the US Dollar Index, has recovered the smile today, bouncing off multi-month lows and advancing above the 94.00 mark. US Dollar attention to Fedspeak USD-bulls seem to be buying the recent dip towards the vicinity of 93...
