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USD/JPY has started the week with slight losses, as the pair trades at 109.50 early in the North American session. On the release front, Japan’s trade surplus improved to JPY 0.43 trillion, well...
Key Fundamental Forex Events and Forecasts for the Coming WeekThe following table lists the key economic data and other events that are due out during the week of May 23rd – May 27th, with...
Trading Themes: The US dollar continued its recovery over the week supported by Hawkish Fed comments and Hawkish FOMC meeting minutes which highlighted a strong chance of a June rate hike provided...
We welcome you to a new trading week. Last week, the market was driven by renewed Fed tightening expectations, which led to broad-based dollar strength.Federal Reserve policymakers raised the...
One month to goWith a month to go until the polls open in the EU referendum, sterling is starting the week quieter than how it ended. Certainly in the case of GBPUSD the contrasting pushes and pulls...
The dollar rose to three-week highs against the yen on Friday, amid growing expectations that the Federal Reserve could raise interest rates as soon as next month, but slid against the euro as...
USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.29% against the CAD to close at 1.3121. The Canadian Dollar lost ground, after the country’s retail sales declined...
For the 24 hours to 23:00 GMT, the USD marginally rose against the CHF and closed at 0.9905. In the Asian session, at GMT0300, the pair is trading at 0.9896, with the USD trading 0.09% lower from...
For the 24 hours to 23:00 GMT, the GBP fell 0.78% against the USD and closed at 1.4486. In economic news, UK’s CBI industrial trends orders unexpectedly rose to a five-month high level of -8.0...
For the 24 hours to 23:00 GMT, the EUR rose 0.12% against the USD and closed at 1.1214, after the Euro-zone’s seasonally adjusted current account surplus widened to a four-month high level of...
Main scenario:The pair is trading along a sideways trend between support 1.4480 and resistance 1.4530, where break up of 1.4530 will open uptrend target on resistance 1.4600. Alternative scenario:An...
Whilst most economists are now predicting further cuts by the RBA, some saying even the cash rate may drop to 1% (meaning another -75bps), this is putting some downward pressure on the AUD. As for the...
EUR/USDMain scenario:The pair is trading along a sideways trend between support 1.1215 and resistance 1.1260, where breakdown of 1.1215 will open downtrend target on 1.1150. Alternative scenario:An...
USD/JPYUSD/JPY is still trading below the initial resistance of 110.60-110.70 despite trading above moving averages 50 and 50 as seen on the provided daily chart. Strength of the upside recovery is...
AUD/USD holding above 7210 again re-targets 7231/35 then first resistance at 7254/58. We should struggle here again, but look for strong resistance at 7285/90 on further gains. Just be aware that...