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The British Pound continued to fall heavily against the Dollar as trading for last week came to a conclusion, with the ongoing “Brexit” uncertainty continuing to weigh heavily on investor...
Key quotes from the Commerz Bank FX report: USD The market is excessively pessimistic about the Fed’s rate hike cycle. That is becoming increasingly clear from comments of FOMC members over the...
The British pound rose towards 1.45 as Brexit fears are easing. A poll of U.K. voters showed 55 percent were in favor of the Remain camp, while a minority of 40 percent wanted to leave the...
USD/JPY has posted gains on Tuesday, as the pair trades just below the 109.60 line in the European session. On the release front, it’s a busy day. The US will release key consumer inflation...
EUR/GBP: Sterling rally halted by soft UK inflation dataBritish Office for National Statistics said consumer prices rose 0.3% yoy in April, below market expectation for inflation to remain at 0.5%...
Market Drivers for May 17, 2016 GBP powers through 1.4500 but loses it on cold CPI data RBA minutes suggest hold Nikkei 0.13% DAX 0.12% Oil $47/bbl Gold $1271/oz. Europe and AsiaAUD: RBA Minutes...
London Forex Report:Market risk sentiments improved following renewed surge in equities and oil prices, while dataflow remained very much mixed. US Empire manufacturing index staged a surprised...
GBP/USD moves to the upside on slowing UK CPI dataThe GBP/USD rebounded on expectations that the inflation rate will remain unchanged at 0.5 percent. The Bank of England (BOE) is not expected to...
Last week was a bit of a watershed for the cable as the pair continued its general trend and remained fairly lacklustre as price action drifted lower throughout the week. Initially the pair was under...
The dollar remained lower against other major currencies in subdued trade on Monday, after data showed that manufacturing conditions in the New York region contracted for the first time in three...
The US dollar is mostly weaker today. It appears to be consolidating the gains scored since the reversal on May 3. Sterling and the Australian dollar are leading the way early in Europe.The Australian...
The EUR/USD is finding support ahead of U.S. CPI dataThe EUR/USD was flat and held in between 1.1300 and 1.1345 as investors await new economic data to be released today. US economic data started...
EUR/USD is steady in quiet trade on Tuesday, as the euro trades at 1.1330 in the European session. On the release front, the Eurozone trade surplus improved to EUR 22.3 billion, but this fell short of...
EUR/JPY Daily OutlookDaily Pivots: (S1) 122.84; (P) 123.17; (R1) 123.74; Intraday bias in EUR/JPY stays neutral as more consolidation could be seen above 121.47 low. But outlook will remain bearish...
USD/JPY is turning nicely to the upside for the last two weeks which now looks like a new impulsive wave in action. On the 4h chart we are observing an idea of an extended black wave 3 headed up to...