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Another mixed session, but one where we saw the USD making fresh gains, but halted by a softer than expected CPI read for March. In the past week or so, Fed speakers have alluded to the improving...
The EUR/USD had a flat, poorly shaped wedge top on the 240-minute chart. Yesterday was the bear breakout. Even though the wedge was mostly a trading range and not a buy climax, the selloff and the...
IMF forecast supports the US dollarUS dollar index edged up despite the weak economic data. Investors may consider the US assets to remain more reliable and profitable in comparison to the other...
USD/CHF Open 0.9660 High 0.9688 Low 0.9548 Close 0.9667On Wednesday dollar/franc increased with 70 pips. The European currency appreciated from 0.9548 to 0.9673 yesterday, matching the positive money...
Japanese equities are very important for yen movements, and AUD/JPY is my favorite along with USD/JPY. When foreign investors buy or sell Japanese equities currency-unhedged, there is a positive...
Market Drivers for April 14, 2016 AUD Labor data mixed but it holds bid EZ CPI turns flay Nikkei 3.23% DAX 0.6% Oil $41/bbl Gold $1244/oz. Europe and AsiaAUD: AU Labor 26K vs. 18KEUR: CPI 0.0% vs....
USD/JPYUSD/JPY has moved to the upside as expected since the opening of this week, reaching the critical zones of 109.60 where it slightly corrected. Some kind of weakness started to appear on RSI...
Finally we got what we were looking for: A breakout in the EUR/USD after the pair spent several days trading sideways without showing any sustained movements. The euro broke below 1.13 and headed for...
London Forex Report: US retail sales pointed to a slowdown in household consumption last quarter. Industrial production in the euro area headed for its worst decline in 18 months while house price in...
EUR/USD remains under pressure on Thursday, following sharp losses in the Wednesday session. The euro is trading at 1.1270 in the European session. On the release front, Eurozone Final CPI posted a...
The last few days have been relatively lack lustre for the Australian dollar as the pair has largely entered a sideways consolidation pattern. In fact, even a stronger than expected labour market...
The AUD/USD rose to 0.7716 highs after strong Australia’s employment report, but gains were limited and the AUD/USD flattens around the pivot range 0.7655. The AUD/USD needed to close above the...
Following days of trading sideways, EUR/USD finally gave way yesterday and posted a 0.98% decline, closing at $1.1272. We expect further declines to send EUR/USD towards the $1.12 handle. Gold prices...
The dollar rose to one-week highs against the other major currencies on Wednesday, despite the release of disappointing U.S. economic reports, as the greenback continued to recover from sharp losses...
EUR/USDMain scenario:The pair is trading along a downtrend with target on 1.1160, that may be expected to continue while pair is trading below resistance level 1.1315. Alternative scenario:An uptrend...