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The EUR/USD is patiently waiting for major economic data coming in this week. We have some real high impact info this week and we could see risk-off sentiment possibly coming back. We need to watch...
In the absence of London and NY, FX markets were predictably quiet. Asia saw some follow through in response to comments from Fed chair Yellen on Friday that a rate hike was likely...
The Dollar sharply appreciated across the board during trading last week following Janet Yellen’s firmly hawkish comments which elevated expectations over the Fed raising US rates in Q2. With a...
GBP/USD: In the end of last week, the pair substantially declined amid strengthening in the US dollar, which was supported by the speech from Fed Chair Janet Yellen. In her speech, she highlighted...
The Australian dollar is almost unchanged on Monday, as the pair trades slightly below the 0.72 line. On the release front, Australian HIA Home Sales and Company Operating Profits both posted sharp...
USD/JPY has posted slight gains on Monday, as the pair trades just above the 111 line. On the release front, Japanese Retail Sales contracted for a second straight month, coming in at -0.8%. Later in...
EUR/JPY: Despite EUR/JPY seeing a strong rally during Monday trading session today, further upside pressure is expected in the days ahead. On the downside, support comes in at the 123.00 level where a...
GBP/USDGBP/USD moves within a sideways range between SMA20 and SMA50, while trading near 1.4600 should be breached to prove the bearishness. ADX remains negative below 50.00, but it moves within a...
Market BriefIn the wake of another batch of disappointing economic data from the US, Janet Yellen said on Friday that an interest rate hike should be appropriate in the coming months but did not give...
US ISM Non-Manufacturing PMI is a leading indicator and especially important when scheduled before the Nonfarm Payroll, but since it is not, we probably won’t see too much market reaction unless...
UK Services Purchasing Manager Index could be another strong release out of UK today. With the market’s focus on Nonfarm Payroll out of US in just a few hours, I’d recommend only take a...
US ADP NFP Employment Change is a preview to Friday’s BLS employment report, as there is usually a strong correlation between the two. If we get a strong release, we should see plenty of market...
Yen drops as equity markets rally to post biggest weekly gainsThe USD/JPY traded higher to touch 111.45 high as risk appetite firmed and as equity markets posted their biggest weekly gains. The...
AU Retail Sales release could affect the short-term directional momentum of the AUD, which is currently down as RBA could cut rates again, but then of course depending on the release we should see...
US ISM Manufacturing PMI is a leading indicator and considering Yellen’s recent comment that the next rate will be data dependent, any strong release, even in the unrelated Manufacturing sector,...