Khurram Mustafa / Profile

AUD/USD made another attempt to consolidate above the 0.7200 level but was rejected from the 21-day SMA and fell all the way back to 0.7150, giving up most of its post RBA gains. The RBA refrain from cutting rates on Tuesday, giving the Aussie a boost across the board...

The Institute of Supply Management’s (ISM) non-manufacturing/services PMI index jumped to 59.1 in October from September’s 56.9. The actual print beats the estimated drop to 56.5 by a wide margin. The ISM’s measure of services employment advanced to 59.2, the second-highest since August 2005...

The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector...

Gold prices weakened to near Tuesday’s low after the data in the US showed the private sector jobs growth slowed less than expected in October. Off lows, but weak The metal hit a low of USD 114.70, before trimming losses to trade around USD 1116.50/Oz levels...

It is well known that the economic recovery in the U.S. has been consistently weak leading the Fed to repeatedly push back the timeframe for raising rates. The U.S...

In the view of BofA Merrill Lynch Global Research, the bearish tone is set to remain around the Brazilian currency. Key Quotes “Disappointing growth will likely lead to an easier Brazilian Central Bank and the market is now pricing in 185bp of hikes by the end of 2016”...

The EUR/GBP pair hit a fresh session low of 0.7070 as the British Pound remained relatively resilient to the broad based USD rally...

The shared currency is now falling further, dragging EUR/USD to test fresh 3-month lows in the 1.0880 area. EUR/USD around 1.0880 ahead of US data The pair has rapidly intensified its weekly decline, losing more than six big-figures since October tops in the 1.1500 neighbourhood...

Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that USD/JPY risk is centered on the outlook for relative policy as market participants consider the prospect of a normalizing Fed in contrast to an accommodative BoJ...

European Central Bank President Mario Draghi is due to speak during the European evening, at 19:00 GMT and investors will be paying close attention for further clarity regarding a possible action in December Latest ECB meeting raised speculation the ECB could expand its QE program in December...

Analyst at ING, James Knightly, explained that yesterday’s surprise jump in the manufacturing PMI is at odds with other survey evidence suggesting sterling strength and weak external demand is holding back the sector...

The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days...

Gained momentum and bounced from below 186.00 breaking above 186.40, where previous highs lied and peaked at 186.68. It remains trading near the highs with a bullish tone and eyeing yesterday’s highs that lie at 186.96. The area around 187.00 is the immediate barrier to consider...

NZD/USD is currently trading at 0.6675 with a high of 0.6783 and a low of 0.6651. NZD/USD reversed the bid when it had been following suit of the Aussie in early Asia on the back of the run up to the RBA meeting...

The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days...

Overnight, the RBA left rates steady at 2.0% and the Aussie rallied 0.5% but ran into supply with a strong greenback across the board. The price was drifting on the bid in early Asia from the mid point of the 0.71 handle and was propelled on the event to score territory above the 0...

continued to rise despite weaker-than-expected US economic data. The pair recently reached at 0.9922, the highest level since last Thursday and it remains near the top...

The greenback, gauged by the US Dollar Index, is sharply appreciating vs. its main rivals on Tuesday, flirting with daily tops in the mid-97.00s. US Dollar gives away gains post-US releases The index has abandoned the area of session highs after another disappointment from the US docket...

Monday’s bland US ISM manufacturing PMI of 50.1 diluted the spice of last week’s hawkish FOMC statement which had benefited the USD bulls. This has been the lowest ISM figure in two and a half years, and one which slowly gravitates to contractionary levels below 50...

After climbing near 1.3160, or session highs, USD/CAD has now returned to the 1.3120 area following the US releases. USD/CAD trims gains on US results Spot has surrendered part of the earlier gains after US Factory Orders have surprised investors to the downside during September, contracting 1...