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Asian stocks moved higher on Monday following a 10% rally in crude oil prices on Friday. The prospect of increased demand in oil as a result of the cold snap in large parts of the northern hemisphere...
Good morning to all and happy week ahead. I expect Dollar to be weak this week specially if we see the dollar index break below 98.50. EUR/USD Remains inside a downward sloping channel. Above 1.0950...
Sell GBP/CHF GBP/CHF has been under heavy pressure since November last year as a combination of unwinding UK rate-hike expectations and deteriorating global risk sentiment have seen GBP sold against...
London Forex Report: Risk sentiment continued to recover Friday with WTI having its biggest two-day gain in seven years, trading back above $32. European equity bourses bounced 2%, except for the FTSE...
This week’s focus lies on Fed’s interest rate decision released on Jan 28th. It is all believed that Fed won’t make any changes on this meeting, as a new report by Rabobank analysts...
USD/CAD reached new highs around 1.4700 last week where bears stepped in and caused a strong bearish turn. Notice that move was sharp and it also extended much lower on Friday, which is important...
For the 24 hours to 23:00 GMT, the USD declined 0.85% against the CAD and closed at 1.4144. The CAD gained ground, after Canada’s retail sales rose more than expected, rising the most in...
For the 24 hours to 23:00 GMT, the USD rose 0.78% against the CHF and closed at 1.0153. In the Asian session, at GMT0400, the pair is trading at 1.0141, with the USD trading 0.12% lower from...
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.5% against the USD and closed at 1.4295. In economic news, UK’s retail sales fell more than expected by 0.9% MoM in December,...
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.58% against the USD and closed at 1.0808, on the back of downbeat economic data across the Euro-zone. Data showed that...
The markets moved into a risk on mode on Friday following Draghi's ECB comments from the day before. The economic calendar today is relatively light. The Australian markets are closed while German Ifo...
The AU CPI figure today poses a strong risk for the AUD market as a negative surprise could drive AUD further into depreciation. Of course if the opposite is true, market will probably remain doubtful...
US FOMC Interest Rate decision today is the main focus of the week. With Fed now in a dilemma with sharp drop in crude prices immediately after a rate hike in December, today’s statement should...
RBNZ Interest Rates decision today is expected keep rates unchanged at the current 2.50%; considering the overwhelming pressure on commodities from recent slump in crude prices, RBNZ is likely to...
UK Prelim GDP is the most important of three GDP releases since it’s the most likely to surprise. With the market and BOE pretty much taken rate hikes off the table for 2016, a strong release...