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The Australian dollar has been under pressure of late as a combination of a weakly performing economy and significant monetary divergence has seen the pair trading at significantly depressed levels....
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.In the next 24 hours, FX traders will turn their focus to the British pound because Thursday’s Bank of England monetary...
This article aims to provide price forecasts for currency exchange rates for June 01, 2016. 13 major currency pairs have been selected for forecasting. The table below shows the monthly currency...
Weak rally on 60-minute EUR/USD chart up from measured move targets. The correction down from the wedge top on the daily and weekly charts continued yesterday, but it has lost momentum. The odds were...
Daily FX Wrap: More GBP weakness attempted post UK manufacturing, but well contained ahead of BoE/QIR. Crude draw (DoE) giving CAD some n/t relief.After the early action in GBP, there was very little...
No change on EUR/AUD since yesterday; we are still waiting on a deeper A-B-C retracement of a higher degree back to one of the supports, 1.5131 is first one and other one is at 1.4935. Ideally we will...
Swiss banking giant UBS is planning to pass on negative interest rates or raise commission for wealthy corporate clients. CEO Sergio Ermotti sees it as a necessary step after the Swiss National Bank...
It has been a relatively quiet few sessions in the foreign exchange market following the release of the weaker-than-expected non-farm payrolls out of the US. For example, the most important currency...
USD/JPY posted considerable losses on Wednesday, reversing the upward movement we saw on Monday and Tuesday. The pair is trading at 108.70 in the European session. On the release front, there are...
Market BriefLight news flow keep risk-taking alive The lack of news provides traders with the opportunity to loosen FX safe-haven trades, while taking some marginal risk. Data from the US indicates...
London Forex ReportAbsence of first tier economic releases in the US prompted a relief market rally. Dataflow was scanty but positive from the US and only limited to a rebound in wholesale inventories...
USD/JPY: Japan Ready To Intervene If JPY Firms To 90-95 USD?Koichi Hamada, a key economic adviser to Prime Minister Shinzo Abe, said Japan will intervene in foreign exchange markets if the JPY...
USD/JPYUSD/JPY has moved to the upside as planned for this week’s trading, but it was resisted just near 109.60 hurdle. We see how RSI is currently flirting with 50.00 zones and that should...
The technical picture in both major currency pair has not changed significantly. Although the euro was accompanied by a slight downward inclination, which has led to a short-lived drop below 1.1370,...
Yesterday’s Trading: On Tuesday the euro was trading mixed against the USD due to a lack of important economic data. The battle went on around the LB at 1.1390. The euro didn’t make it to...