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USD index fell sharply on US elections day last week, but market quickly realized that Trumps victory may not be so bad for the US and dollar itself since he supports idea of higher interest rates. As...
For the 24 hours to 23:00 GMT, the AUD declined 1.17% against the USD and closed at 0.7404. LME Copper prices declined 0.60% or $33.0/MT to $5426.0/MT. Aluminium prices declined 1.54% or $26.5/MT to...
For the 24 hours to 23:00 GMT, the USD rose 0.65% against the CAD and closed at 1.3519. In the Asian session, at GMT0400, the pair is trading at 1.3545, with the USD trading 0.19% higher against the...
For the 24 hours to 23:00 GMT, the USD rose 0.52% against the CHF and closed at 1.0074. In the Asian session, at GMT0400, the pair is trading at 1.0086, with the USD trading 0.12% higher against the...
For the 24 hours to 23:00 GMT, the USD rose 1.26% against the JPY and closed at 110.2. In the Asian session, at GMT0400, the pair is trading at 110.53, with the USD trading 0.3% higher against the...
For the 24 hours to 23:00 GMT, the GBP declined 0.19% against the USD and closed at 1.2417. Data indicated that, UK’s annualised retail sales increased at the fastest pace in more than fourteen...
GBP/JPY Daily OutlookDaily Pivots: (S1) 135.51; (P) 136.20; (R1) 137.42; GBP/JPY's rally is still in progress and intraday bias stays on the upside for 138.81 resistance. As noted before, bullish...
Dollar surged overnight with the dollar index hitting 14 year high after Fed chair Janet Yellen's positive comments on the economy and rate hike. In her Congressional Joint Economic hearing, Yellen...
Key Points: Bears likely to remain in control of AUD in the short term. AUD impacted by poor employment change result. Fed likely to hike FFR 25bps in December. The Australian dollar has declined...
No Stopping Me Now The focus overnight was on Fed Chair Janet Yellen’s testimony before the Joint Economic Committee, which reaffirmed what everyone has suspected – that barring some major...
Today the Australian dollar continued falling against its US counterpart, hitting key support at 0.7450. The pair last touched this important level back in late September, as described in my previous...
USD/CAD: On yesterday’s blog, we were watching for a USD/CAD breakout and retest.After having broken out of a higher time frame resistance level, we had identified the price action as possibly a...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Fed Chair Janet Yellen spared the U.S. dollar Thursday by avoiding any talk about her discomfort with the recent surge in U.S....
First thing this morning we saw some signs of a USD correction in the making, but despite soft manufacturing and industrial production yesterday and a slightly softer core inflation rate, the market...
DX is Back at the Top of its Red Flat-Topped Megaphone and is a Favorite to Make Another Trip to its Bottom The US Dollar has returned to the top of its flat-topped megaphone (red). It has formed a...