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By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.It was another tough week for the U.S dollar. After disappointing retail sales no one wanted to own dollars and even though CPI,...
USD and GBP have seen a data dependent week, while price action in EUR has focused on speculation of the potential for an expansion to the ECB’s QE program ahead of next week’s meetingOne...
Copper rebounds as supply rebalancesCopper prices are rebounding on output cuts by major producers. Declining capital expenditure plans for mining expansion also contribute to supply rebalancing. Will...
NZD/USD: With the pair seen facing downside pressure, we could see more weakness towards its broken resistance turned support located at 0.6707/37 zone. Support lies at the 0.6750 level, where a break...
GBP/USD – Momentum fade into overhead supplyGBP was flat yesterday after Wednesday’s acceleration to the upside, as there was no fresh data to guide. Separately, German Chancellor Merkel...
EUR/USDOutlook: Short Term (1-3 Days): Bullish – Medium Term (1-3 Weeks): BearishFundamental: EUR reached a high of 1.1495 and shot down to the 1.1400 level due to the upside surprises from US...
Market Drivers for October 16, 2015 Comm dollars give up gains Goldman thinks El-Nino will cause RBA to cut Nikkei 0.97%, Europe 1.08% Oil $47/bbl Gold $1176/oz Europe and Asia NZD: CPI 0.3% vs. 0.2%...
Greenback Giving It BackIt is not rare nowadays that we see consecutive down days for the USD, and the greenback is set for its third week of declines despite a bit of a fightback in the past 24...
Market BriefYesterday, better-than-expected US CPI figures put an end to the commodity currency rally. The core gauge indicated that when food and energy are excluded, consumer prices grew 0.2%m/m...
GBPUSDGBPUSD has been trapped below 1.5445 and the main resistance set from the peak of1.5817. Trading below this level intersects with contradiction between signs on technical indicators, as RSI...
S&P500 is back at the highs, so seems like that wave C) of a flat in wave (B) is still in play towards 100% projection level of wave C)=A) which comes in around 2050. In that zone we also see that...
EUR/USDCurrent level - 1.1374 The outlook remains bearish below 1.1420 minor resistance, for a break through 1.1330 static support, en route to 1.1210...
The dollar extended yesterdays’ rally at the start of today’s Asian trading, but fell back in late Asian session. Stronger-than-expected inflation and jobless claims data on Thursday...
AUDUSD MovementFor the 24 hours to 23:00 GMT, the AUD strengthened 0.43% against the USD to close at 0.7333. LME Copper prices rose 1.25% or $66.0/MT to $5344.0/MT. Aluminium prices declined 0.10% or...