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For the 24 hours to 23:00 GMT, the EUR declined 0.29% against the USD and closed at 1.0886. In economic news, data indicated that Italy’s seasonally adjusted industrial production dropped...
The European currency declined against the US dollar on Wednesday and hit a low of 28th of October. Although in the first half of the day euro reached highs of September, in response to a very...
Short Term Elliott wave cycles suggests that decline to 1.418 ended wave W and bounce to 1.4885 ended wave X. Decline from there is unfolding as a double three where wave (w) ended at 1.407.Wave (x)...
GBP/JPY: The cross remains on recovery after rejecting lower level prices on Wednesday. On the downside, support comes in at the 133.00 level where a violation will aim at the 132.00 level. A break...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Investors continued to buy U.S. dollars Thursday, 48 hours after the 2016 Presidential election. We didn’t get a chance...
The EUR/USD had a big bar yesterday. It has had many in its 18-month trading range. Yet, each failed to create a breakout. The EUR/USD Forex chart rallied 200 points on the initial election results....
Gold is resisting the bounce in the dollar, as it has done in the past. Once the dollar is ready to roll over into an intermediate cycle low gold will be ready to fly.
Following Trump's historic Presidency election win, there was a sudden move for risk-off due to the uncertainties of his polices with safe-haven currencies like Yen, appreciating strongly....
Market Drivers November 10, 2016 USDJPY takes out 106.00 Aussie runs through 7740 Nikkei 6.72% DAX 1.00% Oil $45/bbl Gold $1281/oz. Europe and AsiaNZD: RBNZ rates at 1.75% – 25bp as expectedAUD:...
EUR/USD Under Pressure, As Market Still Believes Fed Will Hike In DecemberSan Francisco Federal Reserve Bank President John Williams said he still believes gradual U.S interest-rate rises make sense...
Global stocks staged an awe-inspiring rebound during late trading on Wednesday as investors came to terms with the shocking Trump presidential victory. Asian shares rallied in the early sessions of...
The US dollar suffered major losses yesterday facing it's rival Japanese yen as the race for oval office between Trump and Clinton strengthened in the last hours. USD/JPY opened yesterday at 105.15,...
EUR/USD has settled down on Thursday, after posting sharp losses a wild Wednesday session. Currently, the pair is trading at the 1.09 line. On the release front, French Industrial Production declined...
We see little short- and medium-term impact on DKK from the expected political agenda from President Trump, but keep an eye out for longer-term negative effects.Focus for DKK now turns to December's...
EUR/USD Weekly Trend: Oversold 1st Resistance: 1.0995 2nd Resistance: 1.1060 1st Support: 1.0950 2nd Support: 1.0870 EUR Recent Facts: 22nd of July 2016, German Manufacturing PMI (key indicator of the...