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FXWIREPRO: USD/JPY Jumps Above 7 & 21 DMA, Intensified Buying Momentum Likely to Drag Upswings Further The current prices jumped above 7 & 21DMA, that signals more upswings likely in short term. The upswings are most likely as the pair breaks out above resistance at 112.670 levels...
U.S Treasury Falls on Stronger Than expected 4Q GDP Data The 10-year U.S. Treasury yield was down 3 bps to 1...
FXWIREPRO: GBP/JPY Breaks Minor Trend Line Resistance, Good to Buy at Dips Major resistance- 160.30 (trend line joining 175.01 and 164.09) Major support- 159 The pair has broken major resistance 160.30 and jumped till 160.63 at the time of writing. It is currently trading at 160.62...
FXWIREPRO: AUD/JPY Extends Gains Above 85 Handle, Short-Term Bias Remains Higher AUD/JPY extends rangebound between 84.00 and 86.38 March 13th high, while short-term bias remians bullish...
GBP/USD Clinches Highs Near 1.4180 The sterling has started the week on a positive footing, now lifting GBP/USD to the area of daily highs near 1.4180...
US Economy on a Path of Recovery – BNZ Research Team at BNZ, suggests that after a soft end to 2015, US activity indicators have stabilised or shown improvement...
Springtime in Emerging Markets – Danske Bank Research Team at Danske Bank, suggests that one of the most striking features so far of 2016 has been the relative strength of Emerging Market (EM) currencies which has happened over a period when other risky assets generally plummeted...
EUR/GBP Drops Below 0.79, Turns Red EUR/GBP is trading weak around 0.7880 as British Pound is marching higher against the greenback amid holiday thinned trade. GBP recovery continues Cable is up 0.24% today even though the upward revision of the US Q4 GDP pushed up treasury yields...
GBP/JPY Clocks 4-Day High Offered tone around JPY strengthened, pushing the GBP/JPY pair to a four-day high of 160.77 levels. Treasury yields rise, Yen drops Rise in the US treasury yields following an upwardly revised US Q4 GDP released on Friday is keeping the Yen under pressure...
EUR/USD Wobbles Near 1.1170, US Data Eyed The common currency is looking to extend the rebound from overnight troughs vs. the dollar, now sending EUR/USD to the 1.1165/70 band...
China’s Pension Fund May Start Buying Stocks This Year- China Daily The state-run China Daily reported via CNBC this Monday that China's massive pension fund is mulling over investment plans in the mainland's A-shares this year, a move which could see 600 billion Chinese yuan ($92...
AUD/JPY Firmer, Heading Towards 200-DMA? The AUD/JPY cross received a double booster shot on Easter Monday, with light trading adding to the bullish under tone, driving the rate towards 85.50. AUD/JPY gains for the 3rd straight session Currently, the AUD/JPY pair rises 0.64% to 85...
US Treasury Yields Rise on Upward Revision of US Q4 GDP Treasury prices in the US dropped, pushing the yields higher after the data released on Friday revised Q4 GDP higher, largely in the back of strong personal consumption...
US: PCE Deflator and Personal Income and Spending Data Today - Nomura Research Team at Nomura, notes that the US employment grew at a faster pace in February than in January but the average hourly earnings retreated in February, falling by 0.1...
The most important #event of the week will be a speech of the Fed's head #JanetYellen. Earlier, investors got some pretty clear signals about the likelihood of a soon rate hike from some #FOMC members. Now the market is expecting the confirmation from Yellen...
Not much changed last week for the EURUSD amid a lack of market-moving news and light holiday trade. This week doesn’t promise to be much more exciting given the Monday holiday for many banks and non-farm payroll on Friday...
A laggard in embracing the "fintech", or financial technology, revolution, Japan is set to ease investment restrictions that could free up the flow of capital in an economy sitting on an estimated $US9 trillion in individuals' cash deposits...
Small increases expected in spending and income. On Monday at 8:30 a.m., the Commerce Department will report new data on personal consumption and income for February. Economists expect a small increase of 0...
EUR/USD Holds Ground Above 1.1150 Amid USD Strength The EUR bears took a breather from their recent downslide, now allowing a tepid bounce in EUR/USD from near 1.1150 levels. EUR/USD finds support near 20-DMA Currently, EUR/USD trades modestly flat at 1.1162, trying hard to sustain above 1...