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For all the talk of stimulus and helicopter money overnight and the general shift to “risk on” assets everywhere, Asia has had a decided profit taking look about it across the board as the...
The Aussie dollar has been staging a fairly substantive rally over the past few weeks, even with the setbacks resulting from the UK European Union Membership Referendum. The resumption of the...
Yesterday the EUR/USD pair grew slightly but did not manage to consolidate above the level of 1.1125. The US dollar gained support when Cleveland Fed President Loretta Mester said in her speech that...
USD/JPY rallied just over 2% as some of the key JPY crosses that we follow saw rallies of 3% or more. All coming on the back of simply the prospect of new stimulus from Japan, switching forex markets...
The spot forex market volumes flashed back to life over the past 24 hours, with the focus on USD/JPY. Japan’s stimulus package and a massive wave of positive risk sentiment have spurred Wall...
EUR/USD: With the pair rejecting higher prices to close lower on Tuesday, more weakness is likely. Support lies at the 1.1000 level. Further down, support comes in at the 1.0950 level where a...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Short covering sparked strong rallies for most of Tuesday's major currencies. Both GBP/USD and USD/JPY soared more than 2% as...
We are looking higher on xxx/JPY pairs since risk on trades are correlated with lower safe heaven currencies which are JPY. As we said earlier we will look for the ABC pullback and try to make a trade...
Three weeks ago, the weekly chart of the EUR/JPY Forex market had the biggest bear bar in a tight bear channel that lasted more than 20 bars. In fact, the channel lasted more than 50 bars. This bar is...
The Japanese yen has posted sharp losses on Tuesday, following strong gains in the Monday session. USD/JPY is trading above the 104 level early in the North American session. On the release front,...
The GBP/JPY aka "the Dragon" has a strong correlation with equities. Last night Japan, HK and Australian markets went up due to commodities prices up, abenomics in Japan, and follow through risk-on...
EUR/GBPCurrently we are 0.8441 after a breakout of the channel. It appears the correction is starting. We are looking for a continuation to the 0.214 Fibo @ 0.8241 with a further target to the 0.500...
US demand for gas may slump as production hits highNatural gas price fell 6% last week in US. Its production volumes total 73.1bn cubic feet which is close to historical high hit last year. The gas...
The British pound has posted considerable gains on Tuesday, as GBP/USD has climbed to 1.3140. On the release front, the Bank of England released the minutes from its previous Financial Policy...