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AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.82% against the USD to close at 0.7542. LME Copper prices declined 0.83% or $40.0 /MT to $4776.0 /MT. Aluminium prices declined...
USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CAD to close at 1.3138. In economic news, Canada’s international merchandise trade deficit widened to C$1.9...
USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.28% against the CHF and closed at 0.9562. In the Asian session, at GMT0300, the pair is trading at 0.9562, with the USD trading flat...
USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.90% against the JPY and closed at 110.26. In the Asian session, at GMT0300, the pair is trading at 110.45, with the USD trading...
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.75% against the USD and closed at 1.4156. In economic news, UK’s Markit services PMI rose more-than-expected to a level of 53.7 in...
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.06% against the USD and closed at 1.1382, following the release of disappointing economic data in the Euro-zone. Data showed that...
“The Australian dollar has appreciated somewhat recently. In part, this reflects some increase in commodity prices, but monetary developments elsewhere in the world have also played a role....
During the session on Wednesday, while most of the forex world is paying attention to the US dollar, we think that this market could be very interesting due to the move made on Tuesday. Breaking above...
Bank of America Merrill Lynch (NYSE:BAC) recommend its clients to sell EUR/USD to hedge for a Brexit scenario. Merrill Lynch argues that Fed has to hike rates in the improving global economic...
USD/JPYShort-term Elliottwave structure suggests decline from wave ((X)) at 113.8 is unfolding as a zig zag structure (5-3-5 structure) where wave (a) ended at 111.98, wave (b) ended at 112.67, and...
The dollar strengthened against its peers today following the release of varied US economic data as the market focused on meeting minutes due to be released by the Federal Reserve tomorrow. The...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. USD/JPY fell to a 6-month low Tuesday taking out 110 in the process. The currency pair has been under pressure for the past...
GBP/USDPrice was going as projected in our Mar 7 Article, and as of this writing, we have started deploying our range strategy for the sterling. We have been with the bears and the bulls, not favoring...
All eyes were on the JPY pairs today, led by USD sales down towards the March lows, breaking below here and 110.50 to put in a test on 110.00. We managed to hold some 25 ticks or so off this key area,...
Following its climb to 8-month highs versus the US dollar, the Australian dollar has retreated somewhat; posting a particularly sharp drop after today’s RBA meeting. Specifically, the Aussie has...