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Initial USD bid on headline NFPs, but big earnings miss sees sharp reversal. EUR/USD through 1.1000 and cable 1.4200The big wait for payrolls was the usual quiet affair, with some modest upside flow...
The US dollar found itself under pressure this week as despite a run of relatively positive economic numbers, the Fed hinted that the March meeting will not really be a ‘live’ one. That is...
1) China’s central bank announced a 0.5% cut in the required reserve ratio 2) Moody's cut the outlook on China's Aa3 rating to negative from stable3) Argentina and the main holdouts agreed to a...
New York Forex ReportA quiet European morning as markets await the release of the February US jobs report. NFPs are expected to print 195k from 151k previous with the unemployment rate expected to...
Monetary policy will take center stage next week as the European Central Bank, the Bank of Canada and the Reserve Bank of New Zealand meet for their latest policy decisions. The US will take a back...
The Australian dollar is higher on Friday, as AUD/USD trades at 0.7380 early in the European session. On the release front, Australian Retail Sales improved in January, with a gain of 0.3%. The market...
EUR/USDYesterday’s trading: The currency market on Thursday saw the closing of long positions before data on the US labour market came out. The euro/dollar rose from 1.0853 to 1.0972 (+120...
The oil investment survey gave us the opportunity to buy EUR/NOKBut we have been wrong on global risk sentiment and oil prices EUR/NOK should head higher in 1-3M on NB, business cycle, oil To read the...
AUD/USDAUD/USD reached resistance at area 0.7380. Last time price was so high was three months ago and it finished at a new low. If demand breaks above current support, next target will be located at...
GBP/JPY Daily OutlookDaily Pivots: (S1) 160.07; (P) 160.68; (R1) 161.72; Intraday bias in GBP/JPY remains neutral for consolidations above 154.70 temporary low. Recovery should be limited by 166.07...
USD/JPY first support at 113.25/20 did hold the downside perfectly yesterday and is likely to do so again today as we try to build a short term bull trend. However a break below is a sell signal and...
AUD/USD very overbought short term as we hold just below October and December highs. Profit taking looks likely and targets 7335/30 then support at 7313/10. If we continue lower look for trend line...
The EUR/GBP pair is trading above its upward trend line on a daily time frame. This affirms that the trend is skewed towards the upside however, it is important to emphasize that the price is testing...
The US dollar hovered near yesterday’s lows when it fell following data from the ISM non-manufacturing composite showing that employment in the services sector fell in February. The greenback...
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.87% against the USD and closed at 0.7349. LME Copper prices rose 1.05% or $50.0/MT to $4830.0/MT. Aluminium prices rose 0.41% or $6.5/MT...