Please try another search
1) Malaysia’s central bank kept rates steady at 3.25%, as expected, but cut bank reserve ratios from 4% to 3.5%2) S&P downgraded Poland one notch to BBB+ with negative outlook3)...
The first two and a half weeks of the new year saw persistent selling of equities, commodities, and emerging markets. In the foreign exchange market, the dollar-bloc and sterling were crushed. The yen...
On Thursday, the US dollar strengthened notably against the Japanese yen, gaining back its recent losses, when the pair had fallen to new lows since the end of August. The yen came under pressure as...
The latest Commitment of Traders report that covers the four sessions through January 19 saw speculators anticipating the continuation of the current moves. Of the sixteen gross positions we track,...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.What a week it has been in the foreign-exchange market! The turnaround in oil, recovery in currencies and rebound in global...
EUR/USD What ProAct Forex Target Traders See: We are currently sitting at 1.0790 and ranging. Watch for a move to the 1.0600 and then a bounce. We are looking for a continuation to the range support...
A roller coaster ride for stocks, alongside oil prices falling to new lows. JPY pressed through last year’s lows, CAD hit close to 1.4700. Focus now on March ECB meeting as council to reconsider...
EUR/JPYCurrently we are at 127.65 after yesterday’s correction. We are looking to continue to the Fibo Support at 126.69 with an overall target near 126.10. The average daily true range (ATR)...
USD/JPY: Having followed through higher on the back of its Thursday gains on Friday, further bullishness is expected. On the downside, support comes in at the 117.50 level where a break if seen will...
China Drops Dollar PegIf China was really serious about doing what every major country in the world does, it would float the yuan. On Thursday, I saw this MarketWatch headline: China Serious about...
USD/JPYUSD/JPY has been soared- with stock market recovery -to trade above 23.6% Fibonacci and it is currently flirting with SMA20 as seen on the provided daily chart. Resuming the recovery requires...
EUR: The single currency tumbled as ECB's Draghi suggest more easing, bids at 1.0865-75, 1.0855 and 1.0840, 1.0825 and 1.0800 were filled, however, some buy orders are reported at 1.0770-75 and...
GBP/JPY Daily OutlookDaily Pivots: (S1) 165.28; (P) 166.49; (R1) 168.54; A short term bottom is likely in place at 163.96 in GBP/JPY, just ahead of 161.8% projection of 195.86 to 180.36 from 188.79...
EUR/USDCurrent level - 1.0814 Although the intraday bias is negative, my outlook is counter-trend, for a reversal and break through 1.0920 crucial high, towards 1.0984 hurdle. Support is projected...
Market BriefAs broadly expected, the ECB left its rates unchanged. The market, however, wasn’t expecting such a dovish message from Mario Draghi. ECB’s president emphasised downside risks...