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GBPUSD GBPUSD has moved upwards, influenced by touching SMA50, which acted as a support despite the negativity on RSI. However, ADX remains positive along with stability above 1.5414. Moving above...
Market Commentary USD pressured overnight as players pare positions heading into next weeks critical FOMC session. Markets continue to reprice lower the probability of a rate move next week. EUR/USD...
Yesterday, the CNH to USD exchange rate dramatically increased 1.15% yesterday, hitting a 5-year high since 2010. Meanwhile, Britain still remains its interest rate and quantitative easing policy...
Global Markets The Shanghai Composite Index is continuing to struggle when it comes to finding direction, with the major market looking set to conclude the week in red territory. This has been a week...
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 1.46% against the USD to close at 0.7080. LME Copper prices rose 0.63% or $34.0/MT to $5400.0/MT. Aluminium prices declined 1.26%...
USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.35% against the CAD to close at 1.3227. In economic news, Canada’s new housing price index rose 0.1% MoM in July, lower than...
USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.28% against the JPY and closed at 120.72. In the Asian session, at GMT0300, the pair is trading at 120.8, with the USD trading...
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.54% against the USD and closed at 1.5440, after the BoE indicated that the central bank remains on track to raise its benchmark interest...
US equities closed higher overnight with DJIA gained 76.83 pts or 0.47% at 16330.40 while S&P 500 rose 10.52 pts, or 0.53% to close at 1952.29. DJIA seemed to have some difficulty in sustaining...
EUR/USD Current level - 1.1287 The break through 1.1225 confirms the positive bias and the outlook here remains bullish, for a violation of 1.1330 resistance, en route to 1.1408 area. Initial...
In a note to clients today, Bank of America Merrill Lynch (NYSE:BAC) outlines the findings of a suite of equilibrium models for FX market. In particular, BofA estimates a set of 12 models in five...
Talking Points: AUD/USD Technical Strategy: Flat Price Rise as Expected After Forming a Morning Star Candlestick Pattern Waiting for Corrective Upswing to Yield a New Short Trade Opportunity The...
Talking Points: GBP/USD Technical Strategy: Flat GBP/USD strength after an extended move last week. Short positions could be attractive should resistance show in the 1.5500 zone. British Pound...
Talking Points: GBP/JPY Technical Strategy: Flat British Pound extends four-day relief rally against the Japanese Yen Standing aside until resistance shows more prominently before triggering...
Talking Points: EURJPY Technical Strategy: Flat EURJPY puts in its fourth consecutive day of gains after establishing a new near-term low Resistance below 137 as confirmed by an extended 4-hour (or...