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Background:Traders often refer to the impact of ‘month end flows’ on different currency pairs during the last few days of the month. In essence, these money ‘flows’ are caused...
Forex News and EventsToday, Brazil’s Q1 GDP release will be in focus ahead of a busy week as the Copom will announce monetary decision next Wednesday. On the data front, May’s...
The GBP/USD rate declined yesterday against a backdrop of UK unconvincing macroeconomic statistics. According to the information published, GDP did not live up to forecasts of 0.4% in the first...
Market Commentary EUR/USD pared the early losses and rose to 1.0958 high on the consolidation of USD rally. Greek spokesman Sakellaridis said a deal was close and all creditors were working towards a...
While the headline attention continues to focus on Greece, investors could have found some outstanding opportunities to price weakness into those currencies linked to commodity prices yesterday. The...
Talking Points: USD/JPY Technical Strategy: Flat Support: 123.04, 122.13, 121.41 Resistance: 124.49, 125.95, 126.85 The US Dollar pressed upward for a fifth consecutive day against the...
Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0804, 1.0647, 1.0394 Resistance:1.0930, 1.1056, 1.1213 The Euro may be preparing to turn higher against the US Dollar following...
Dollar looking to end the month stronglyThe rally in the US dollar paused yesterday ahead of today’s GDP announcement from the States, with a little bit of profit taking the likely motivations....
Market BriefRisk sentiment remains volatile on concerns over Greece debt repayments. Developments regarding a bailout for Greece will remain the primary driver of FX today. Asia equity markets were...
The USD has consolidated a bit back to the weak side ahead of what is widely expected to be a steep negative revision to the US Q1 GDP, and well into outright negative territory on an annualised...
EUR/USDRisk reward: 2.31Volatility: HighDown at 1.0967 Limit 1.0999 Target 1.0893USD/JPYRisk reward: 2.41Volatility: HighUp at 123.62 Limit 123.30 Target 124.39GBP/USDRisk reward: 2.78Volatility:...
EUR/USDCurrent level - 1.0951 The intraday bias here is positive, for a rise towards 1.1050 major resistance area. Crucial on the downside is 1.0860 low and a break through the latter will challenge...
The dollar posted little change on Thursday, in a rather quiet trading session following mixed data from the U.S., as jobless claims rose to a four-week high while pending home sales increased. The...
EUR/USD rebounded from 1.0818, and after testing the 61.8% Fibonacci retracement level of the upleg from 1.0519 to 1.1466, the pair has found resistance at the top of the Ichimoku cloud.The near-term...
For the 24 hours to 23:00 GMT, the AUD weakened 0.98% against the USD to close at 0.7658.LME Copper prices rose 0.53% or $32.0/MT to $6117.0/MT. Aluminium prices rose 1.18% or $20.0/MT to...