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Focus: As long as the price stays above the upward trend line, the target for the upside could be the 100.37 resistance zone, and a break above that will open the room for a further upside with next...
This morning’s U.S. economic reports validate the Federal Reserve’s decision to wait to taper. According to the Conference Board, consumer confidence declined in the month of September,...
EUR/USDThe pair finished the London session lower following the release of weaker-than-expected IFO data from Germany, which occurred as a result of disappointing exports. Additionally, the data was...
By our own admission, we’ve just about run out of zany rhymes for the “Great Taper Caper” to describe the Federal Reserve’s ongoing threat to slow the growth of its monstrosity...
EUR/USD has posted modest losses on Tuesday, continuing the downward trend which started on Monday. In Tuesday’s North American session, the pair is trading in the high-1.34 range. After a...
The European session picked up pace after a quiet Asian session on Tuesday. There was a wave of USD buying across most currency pairs in a risk averse environment and the safe haven yen was bought as...
With Fed's tapering of its QE programme postponed - now not likely until December in our view - the FX market has made a turn for a weaker USD. While the near-term support to USD has certainly waned...
EUR/USDCurrent level - 1.3509The consolidation pattern below 1.3568 is still underway and although there is risk of tighter test above 1.3450 major support, the overall bias is bullish, for a rise...
September started very well for the AUD/USD. At the beginning of the month the price managed to break the downtrend line (red) which led to the next opportunity of breaking two resistance areas at the...
The Australian dollar is trading fairly quietly in Tuesday trading. In the European session, the pair is trading in the high-0.93 range. In economic news, today’s key release is US CB Consumer...
Clarity is at a near-term low this morning, and I’m not talking about the fog that has prevented me from seeing the other side of the Thames from our offices. Uncertainty around monetary policy...
The picture across markets is mixed, to say the least, now that we’ve completed three trading days since last week’s shock Fed non-taper. Many markets, including some of the major equity...
Market Drivers for September 24, 2013IFO misses slightly, but expectations upUK BBA mortgages 38.2K vs. 38.6K -highest since 2009Nikkei -0.67% Europe 0.25%Oil $103/bblGold $1318/oz.Europe and Asia:EUR...
A dull start to the FX markets this week following last week’s taper debacle. A bearish Fed Chairman, along with FOMC members Lockhart, Fisher and Dudley are not deviating far from the Fed...
The USD/JPY continues to flirt with the 99 line in Tuesday’s European session. In economic news, the Japanese markets are back in action, but there is just one release on the schedule –...