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GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.06% against the USD and closed at 1.4413, after UK’s construction PMI fell more-than-expected to a 9-month low level of 55.0...
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.32% against the USD and closed at 1.0923, after the release of upbeat employment data in the Euro-zone. Data showed that...
Risk sentiment dwindled on Wednesday as global equities continued with their descent and oil prices fell sharply for a second day. Tokyo stocks closed down by 3.2% following a near 2% drop on Wall...
GBP/JPY Daily OutlookDaily Pivots: (S1) 172.15; (P) 173.41; (R1) 174.09; The recovery from 163.96 could extend to 55 days EMA (now at 176.10). But still, we're treating it as a corrective pattern and...
INTRADAY CHART: GBP/USD BIAS: I feel we need a decline to the 1.4240-70 area Resistance: 1.4426 1.4445 1.4470-79 1.4495-00Support: 1.4361 1.4325-40 1.4295-00 1.4267-82 MAIN ANALYSIS: Well, that...
I found things rather disjointed yesterday. There were parts where things went well but in other areas it became rather messy… even weird. To begin with, EUR/USD did at least extend gains but...
USD/JPY: Having the pair sold off hard on Tuesday, further downside pressure is likely in the days ahead. On the downside, support comes in at the 119.50 level where a break if seen will aim at the...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Buying USD/JPY after the Bank of Japan cut interest rates to negative levels is one of our favorite trades. We are not alone...
BoJ Governor Kuroda has mortgaged the future of Japan’s children, grandchildren, great grandchildren et al, by plunging his country hopelessly into debt to artificially prop up asset prices....
Yesterday the pair significantly strengthened and gained back all the losses of last Friday. The pound was supported by strong macroeconomic statistics from the UK. The Markit Manufacturing PMI in...
EUR/USD - another attempt of break above bearish regression channelDemand on EUR/USD definitely caught the wind. Since a week supply wasn't able to cross 1.0800 level, besides this the last two days...
It is another day of gloom in the stock markets, after what was a relatively steady session in Asia. Oil price slippage was again the catalyst for today’s negative sentiment, with the familiar...
Eonia trades between negative 0.3 to negative 0.2. In actuality, Eonia trades at positive 0.8 to 0.7, a 10 basis point range. The range is mandated by ECB policy and only a change at a particular...
The market’s focus will be ping-ponging between major macroeconomic developments all around the world this week, and last night’s hotspot was clearly Australia, where the central bank met...
I have been saying since the December 3 bull trend reversal on the daily chart of the EUR/USD Forex cross that the odds are that there would be at least one more push up. All that has changed is that...