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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...
Currently we are 1.2878 in a large range. West Texas Intermediate is rallying and the USD is correcting and the result is a chart that looks very close to the USD (see graphic). We are looking to...
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/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,...
Autochartist recently identified the breakout of the extended Ascending Triangle on the hourly USD/CHF charts. Autochartist measures the length of this chart pattern at the 209 candles. The overall...
Market Drivers May 11, 2016 UK MP misses its mark Australian Consumer Confidence rises Nikkei 2.15% Dax 1.07% Oil $44/bbl Gold $1268/oz. Europe and AsiaAUD: Westpac Consumer Confidence 8.5% vs....
NZD/USD H4 The rate has formed a double top pattern and has already broken the neckline at 0.6800. It is currently testing this level as the new resistance, so my immediate bias is now lower. The...
GBP/JPY Daily OutlookDaily Pivots: (S1) 156.55; (P) 157.23; (R1) 158.48; The consolidation pattern from 151.64 is still in progress and could extend. Another rebound might be seen but upside should...
EUR/USD continues to have an uneventful week, as the pair trades slightly below the 1.14 line in Wednesday’s European session. In economic news, there are no Eurozone events on the schedule....
With some Key Economic Data scheduled for both the UK and EU over the coming days it brings EUR/GBP into play.It will be interesting to observe price action around the 38.2% Fibonacci level around...
Sideways sentimentThe positive sentiment that the day started in, continued through yesterday’s session although moves were rather slow and sideways. Commodity currencies peaked higher on...