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AUD/USD (daily chart) has stalled and pulled back after rising up to reach and slightly exceed the 50% Fibonacci retracement level of the long and steep plunge from the April high near the 1.0600...
AUD/USD for Thursday, October 24, 2013The last couple of days have seen the AUD/USD on a rollercoaster ride which has seen it surge higher to reach a new 4 1/2 month high above 0.9750 before...
EUR/USD for Thursday, October 24, 2013The Euro enjoyed a strong surge higher a couple of days ago to move through to its highest level in nearly two years just shy of 1.38 before settling just below...
However, the currency's recent strength could pose a challenge to the region's fragile recovery.A strong euro means the region's exports are less competitive and could have a negative effect on the...
EUR/JPYBIAS: A high has been seen and this could now get a bit messy…Resistance: 134.46 134.87 135.10 135.50 Support: 133.90 133.60 133.14-30 132.98MAIN ANALYSIS: Failure to move higher and the...
Chart 1: Japanese yen is triangulating into a decision pointI've already discussed the technical setup of the Japanese yen in early October. Here we are, a few more sessions down the track, and the...
The AUD/USD breaks below the upward trend line on 4-hour chart, suggesting that consolidation of the uptrend from 0.9280 is underway. A deeper decline is still possible and the target would be at...
For Currencies, It's All About ChinaEUR: All Eyes On Euro Zone PMIsGBP: BoE Upgrades GDP Forecasts, Slight OptimismCAD: Bank Of Canada Drops Bias To Raise RatesAUD: Inflation Ticks Up In Q3NZD:...
Talking Points Prices broke resistance at 1.3743 (50% Fib), exposing 1.3806 (61.8% Fib) A further push above that targets 1.3886 (76.4% Fib) Back below 1.3743 targets 1.3710 (Feb 1 high), 1.3679...
The Canadian dollar has lost about one cent on Wednesday, as USD/CAD has pushed higher and is trading close to the 1.04 line in Wednesday's North American session. As expected, the Bank of Canada...
The British pound has lost ground against the dollar on Wednesday, as GBP/USD has dropped below the 1.62 line. The pound had improved on Tuesday after a weak Nonfarm Payrolls report, but has...
The US dollar extended losses against the yen during the European session, still suffering losses following the disappointing US nonfarm payrolls report yesterday. However the greenback managed to eke...
EURUSDThis morning at 09:40 GMT, the EUR is trading at 1.3761 against the USD, 0.15% lower from the New York close, after the ECB indicated that it will begin a thorough review of the balance sheets...
Both the U.S. dollar and Japanese Yen caught a safe haven bid this morning on news that China wrote off three times more bad loans in the first half of the year. Investors are looking at the increase...
EUR/USDThe pair settled the session lower, as market participants booked profits following yesterday’s surge on the back of a weaker USD post the release of somewhat less than impressive jobs...