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“Kuroda, what are you thinking of?” This is the question most traders are arguing at the moment after BoJ stood pat on monetary policy, leaving three key monetary policy tools unchanged....
Yen strengthens as BOJ maintains policy balance rateThe Japanese yen surged higher as the Bank of Japan (BOJ) left monetary policy unchanged. The BOJ was away from further easing and forecasted that...
Forex News and EventsAUD to suffer as iron ore rally loses steam (by Arnaud Masset) The Australian dollar had have a nice bull run since the beginning of the year against the backdrop of fading...
Contrary to our expectations and a majority of economists' surveyed by Bloomberg, the Bank of Japan (BoJ) this morning kept monetary policy unchanged, maintaining asset purchases at JPY80trn per year...
A temporary return of relative rates as a driver of EUR/USD could send the cross lower in 3M as the Fed is priced more aggressively.We maintain, however, that the cross is set to see a continued...
The Federal Reserve's policy making Federal Open Market Committee left short-term interest rates unchanged Wednesday as expected, but adjusted its policy statement, possibly preparing financial...
USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CAD to close at 1.2588. In the Asian session, at GMT0300, the pair is trading at 1.2598, with the USD trading...
USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CHF and closed at 0.9709. The Swiss Franc gained ground, after Switzerland’s UBS consumption indicator...
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.26% against the USD and closed at 1.4541, after UK’s gross domestic product (GDP) growth slowed sharply in the first three months...
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.26% against the USD and closed at 1.1327, after a forward looking indicator in the Euro zone’s largest economy improved...
Main scenario:The pair is trading along an uptrend with target on 1.4815, that may be expected to continue, while pair is trading above support level 1.4480.Alternative scenario:A downtrend will start...
USD/JPYThe USD/JPY has collapsed, achieving one of the worst performance days over short-term basis. The pair has collapsed from SMA50 at 111.80 zones, hitting all supports over intraday basis, and...
GBP/JPY Daily OutlookDaily Pivots: (S1) 161.45; (P) 162.12; (R1) 162.72; GBP/JPY's sharp fall and break of 158.36 suggests that rebound from 151.64 is completed. With 164.09 resistance intact, the...
The Federal Reserve temporarily elevated global sentiment during trading on Wednesday following the slightly hawkish FOMC statement that renewed optimism over the possibility of a June interest rate...
EUR/USD May Recover Ahead Of U.S. GDP FiguresThe EUR/USD is playing a sideways congestion in the last 2 days, staying in a range between 1.1255 and 1.1355 as Draghi argued that more time is needed to...