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On Friday, the USD strengthened 0.27% against the JPY and closed at 107.34.The BoJ Governor, Haruhiko Kuroda, stated that the central back won’t hesitate to take necessary future steps regarding...
On Friday, GBP traded marginally higher against the USD and closed at 1.6260.In economic news, construction output in the UK stagnated on a monthly basis in July, against market expectations for a...
On Friday, the EUR rose 0.22% against the USD and closed at 1.2952, after the number of employed people in the Euro-zone rose 0.2%, on a quarterly basis in 2Q 2014, following a 0.1% increase in the...
US FOMC Interest Rate decision today is the main focus of the week, and with the Fed close to the end of the tapering cycle (only $25B remain), any surprise today will have the potential to drive USD...
NZ GDP q/q is a quarterly release and may impact the market greatly, especially now with RBNZ pausing from further rate hikes. If GDP were to improve significantly, expect to see strong NZD...
US Core CPI is expected to remain around the 0.2% and with the Feds set on the current policy path, unless we get a significant deviation, volatility should be limited. However, in the event of a...
UK CPI y/y release will be widely watched especially with the Scotland Referendum scheduled on the 18th. A weak release will definitely speed up the selling pressure on GBP, but a stronger release may...
Talking Points:GBP/USD Technical Strategy: Flat Support: 1.6217, 1.6051, 1.5950 Resistance:1.6320, 1.6486, 1.6621 The British pound rebounded against the US dollar as expected, securing four...
Talking Points:USD/JPY Technical Strategy: Flat Support: 106.99. 106.44, 105.77 Resistance: 107.54, 108.22, 109.31 The US Dollar continues its unrelenting rally against the Japanese Yen, with...
Talking Points:EUR/USD Technical Strategy: Short at 1.3644 Support: 1.2864, 1.2794, 1.2708 Resistance:1.2981, 1.3057, 1.3104 The euro may be carving out a near-term bottom against the US...
We seem to have had a good forecast for Friday with 5 out of the 7 pairs behaving as predicted. As we had expected the US dollar pairs were more sidelined while the Japanese yen ended up strengthening...
The Scottish Independence Referendum vote is this Thursday. This is without a doubt one of the biggest events of the week, as many traders out there are preparing for Armageddon. However, I have a...
EURUSD is approaching 1.30, but is this a reason for optimism? Traders are probably eager to know that. The EUR USD rate managed to recover from the lows of 1.2858 and went close to 1.30 by...
Talking Points:AUD/USD Technical Strategy: Short at 0.9186 Support:0.8955, 0.8826, 0.8665 Resistance: 0.9085, 0.9187, 0.9245 The Australian Dollar is working on the seventh consecutive down day...
Talking Points:NZD/USD Technical Strategy: Flat Support: 0.8082, 0.8006, 0.7882 Resistance:0.8144, 0.8206, 0.8283 The New Zealand dollar paused for a brief respite after falling for five consecutive...