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USD/CAD turned lower in the last 12 hours so looks like that pair is in a new corrective set-back. An uptrend count shows five waves up from 1.3038 that is now labeled as a wave (i) so downward...
Markets received further confidence following the highly anticipated FOMC minutes release that the Federal Reserve will finally begin to raise US interest rates in December. The comment that “it...
GBP/JPY Daily OutlookDaily Pivots: (S1) 187.59; (P) 187.92; (R1) 188.58; The strong rise in GBP/JPY and break of 188.28 resistance invalidated our bearish view. Rebound from 180.36 is resuming and...
The Fed released its minutes saying that an interest rate hike depended on economy data. The data in the past two months is obviously positive enough to convince investors of the fact that interest...
For the 24 hours to 23:00 GMT, the AUD weakened marginally against the USD to close at 0.7110. LME Copper prices declined 0.66% or $31.0/MT to $4669.0/MT. Aluminium prices declined 0.62% or $9.0/MT to...
For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 1.3311. In the Asian session, at GMT0400, the pair is trading at 1.3258, with the USD trading 0.4% lower from...
For the 24 hours to 23:00 GMT, the USD strengthened 0.11% against the JPY and closed at 123.57. In the Asian session, at GMT0400, the pair is trading at 123.19, with the USD trading 0.31% lower from...
For the 24 hours to 23:00 GMT, the GBP rose 0.10% against the USD and closed at 1.5232, after optimistic remarks by a top official from the BoE. Yesterday, the BoE’s Deputy Governor, Ben...
Key Points: This morning’s FOMC Meeting Minutes from October show that most members were comfortable not raising rates in October but that December is very much in play. I’ve extracted a...
Gold: The commodity halted its weakness to close slightly lower on a rejection candle on Wednesday. This development has left gold targeting further recovery higher possibly towards the 1085.11 level....
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Wednesday's market focus was on the FOMC minutes but the big takeaway from the Fed was not contained in the details of a meeting...
GBPPLN - above 6.0000, highest since 2006In Poland today there was important political event. Prime Minister of the new government Beata Szydło gave expose. Very nervously was at PLN where high...
EUR has seen modest strength in the European session, after comments from ECB’s Mersch, who downplayed what affect the recent attacks in Paris would have upon the French economy. He also...
The Australian dollar continues to drift this week, as AUD/USD trades just under the 0.71 line in Wednesday’s North American session. In economic news, the Australian Wage Price Index posted a...
The EUR/USD 60-minute chart broke above a 5-day tight bear channel overnight, and it has pulled back over the past 4 hours. The bulls are hoping for a higher low and then a 2nd leg up.The daily chart...