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Key Highlights · Aussie dollar managed to find bids recently near 78.60 vs the Japanese yen and traded higher. · However, the AUD/JPY pair is facing resistance near a bearish trend line...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.With many European markets closed for Whit Monday, it was a relatively quiet and subdued North American session for currencies....
Video outlook for the greenback: beware the US CPI and FOMC minutes.
A cautious day of trading given the risk events ahead.The RBA minutes due overnight are anticipated to be on the dovish side, but after some aggressive AUD/USD selling in recent weeks, some moderation...
Possible bull breakout above bear flag late in a bear trend on the EUR/USD 120-minute chart. The EUR/USD had a big bear breakout on Friday below an attempted bull flag on the daily chart. The breakout...
Retail sales climb in USUS dollar index hit a fresh 2-week high on Friday on strong economic data. Market participants decided the Fed may hike the interest rate twice this year instead of the...
EUR/NZDCurrently we are at 1.6668 in a large range and channel. We are looking to break down to the 0.382 Fibo at 1.6554 either now at the 0.618 Fibo or after a move to the top of the channel around...
GBP/USD: The pair closed lower the past week, leaving risk of additional weakness on the card in the new week. Despite its present price hesitation, short-term risk remains lower.On the downside,...
Trading Themes: The US dollar edged higher over a quiet data week boosted by comments Boston Fed President Rosengren, who is generally seen as being part of the Dovish Fed spectrum, noting that the...
While today might be a quiet day with no major news coming out, the rest of the week is full with important news. We have data that will influence the AUD tonight with the RBA meeting minutes and...
USD/JPY is showing limited movement on Monday, as the pair trades just below the 109 line in the European session.On the release front, Japanese PPI came in at -4.2%, missing the estimate of -3.7%....
Good morning to all and a happy week ahead….EUR/USD EUR/USD got rejected at the cloud resistance last week near 1.1450 and gave new lows. The bearish flag projection is targeting 1.12. I...
As credit goes so does ChinaA pullback in credit growth in China in April has caused a similar slowing in retail sales, investment and industrial production according to data released over the...
The dollar rose to one-month highs against a basket of its major peers on Friday, after stronger-than-expected reports on U.S. retail sales and consumer sentiment soothed investor concerns over the...
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.72% against the USD to close at 0.7269. LME Copper prices declined 1.77% or $84.0/MT to $4660.0/MT. Aluminium prices declined 1.04%...