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Though the forex markets have been open for less than 48 hours this week, traders have already had to navigate comments from a number of the world’s most important central banks. Monday, ECB...
Key Highlights US Dollar continued to trade in the positive territory, but struggling to clear an important resistance at 121.50. · Fed interest rate decision is a major release lined up today,...
The FX market calmed down before the FOMC meeting, which will be held tomorrow morning Australian time. The USD index is moving around 100 as bets on stronger USD were only partially closed. The main...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Dollar Outlook: 5 Changes We Expect From The Fed GBP/USD Closing In on 4-Year Lows NZD Crushed by Fall in Dairy Prices AUD:...
DAILY FX WRAP: USD continues to come off last week’s highs ahead of tomorrow’s FOMC meeting, where the presence of `patient` phrasing will be in the spotlightThe USD has spent the day on...
GBP/JPYCurrently we are at 178.96. We are looking for a continuation to the 1.618 Fibo support area @ 178.42 with an overall target @ 177.93. The average daily true range (ATR) for the pair currently...
EUR/USD - Technical Report The EUR/USD pair is locked in a consolidation mode following yesterday’s sharp inclines. The positive divergence is to assist bulls to achieve further upside actions,...
Taken Positions: USD/JPY: long at 121.10, target 123.55, stop-loss 119.60, risk factor * GBP/USD: short at 1.4845, target 1.4650, stop-loss 1.4930, risk factor ** USD/CAD: long at 1.2680, target...
*All charts are 30-M charts with daily pivot points.AUD/USD Market Scenario 1: Long positions above 0.7643 with target @ 0.7709. Market Scenario 2: Short positions below 0.7643 with target @...
It’s no real surprise to see that major currency pairs prefer to keep to tight trading ranges ahead of tomorrow’s FOMC outcome. Tomorrow’s “patient” calls on whether U.S...
Forex News and EventsThe SNB’s efforts to counter the franc appreciation is still a source of anxiety in Switzerland. Although, the countrywide opinion is supportive of the decision to remove...
Market Drivers for March 17, 2015 RBA Minutes reveal that the CB considered rate cut BOJ keeps policy same Nikkei .99% Europe .09% Oil $43/bbl Gold $1153/oz. Europe and AsiaAUD: RBA MinutesEUR: ZEW...
The EUR/GBP pair has bounced off formidable support situated at 0.7000 and risen higher, forming a loose a-b-c corrective pattern. This could signal that the pull-back may be nearing completion and...
Market BriefThe BoJ maintained the pace of its annual monetary base increase unchanged at 80 trillion yen, while the core inflation (at 0-0.5% range) is seen as depressed. Japan FinMin Aso mentioned...
GBP/JPY Daily OutlookDaily Pivots: (S1) 179.07; (P) 179.63; (R1) 180.47; Intraday bias in GBP/JPY remains on the downside for 175.49 support. Break will extend the fall from 189.70 to 168.10 key...