Forex News
(Bloomberg) -- Bond traders appear certain that the Federal Reserve is on the brink of its first rate cut since 2008. The biggest question, as the market girds for a barrage of...
The Canadian dollar rose on Friday and on a weekly basis gained 0.40 percent versus the dollar. The loonie is trading at 1.3026 despite the Bank of Canada (BoC) holding the...
(Bloomberg Opinion) -- When Donald Trump’s former adviser, Steve Bannon, praised Bitcoin last year as “disruptive populism” and revealed he was working on his own...
Euro to Pound Sterling Exchange Rate Slides as Latest Eurozone Data Fails to Impress Investors
Euro to Pound Exchange Rate Gains Limited amid Persisting Eurozone Economic Jitters...
The June US YoY Producer Price Index (PPI) that excludes Food and Energy reported a 0.1% rise over estimates. The robust 108.65 resistance acted as the robust barrier, disallowing...
The AUD/USD may turn lower if China GDP data increases the urgency for the RBA to deliver another cut sooner, reversing gains after the USD weakened on dovish Fed commentary from...
(Bloomberg Opinion) -- Not everybody is observing the supposed ceasefire in the currency wars. The Reserve Bank of Australia lowered rates by 25 basis points each in June and July....
Here's a snippet from Danske on the euro/swiss:
- EUR/CHF is closing in on levels where SNB might step in, which could limit USD/CHF downside
- Our medium-term bias remains for the...
Dollar falling into the weekend
The AUDUSD is stretching to a new session high and in the process is looking to test the 100 day MA at 0.70208. The pair today bottomed at the...
Evan's is more dovish too
The GBPUSD is moving higher and trading at a new session high as the Friday fixing approaches at the top of the hour and Fed's Evan is a bit more dovish...
By Shinichi SaoshiroTOKYO (Reuters) - The pound struggled near a six-month low against the dollar on Tuesday hampered by persistent worries over Brexit that, in turn, weighed on...
Investing.com -- The dollar was broadly weaker across the board early Friday in Europe, with commodity currencies making a comeback after two days of Congressional testimony from...
(Bloomberg) -- The Turkish lira extended its decline as investors braced for the fallout from the nation’s purchase of a Russian missile-defense system, a transaction U.S...
The U.S. dollar was flat on Friday as a slight uptick in core inflation failed to deter expectations that the Federal Reserve will cut rates at the end of July....
Tests 100 bar MA on 4-hour chart
The USDCHF is making new session lows, and in the process, is breaking below a head and shoulders neckline 0.9846. The pairs is testing the 100 bar...
MUFG in NY with their call for the Fed in July:
- 25bps not 50bp
- retail sales data due from the US Tuesday will not be strong
- Keep an eye on Fed officials speaking, be wary of...
Levels to eye for the euro ahead
Resistance:
- 1.1325
- 1.1285
- 1.1275
Support:
-
1.1255 (this was tested during the US session - (I'm not sure Asia has the firepower to take it...
The Canadian dollar lost 0.15 percent at the start of the trading week versus the dollar. The loonie had little support from oil prices as weather disruptions in the Gulf of Mexico...
Some of the levels garnering attention of Australian dollar traders.
Resistance:
- 0.7050-60
- 0.7085 - 95
Support:
- 0.7015
- 0.7000
- 0.6675
ForexLive
What's the correlation?
For bank trade ideas, .
Bank of America Merrill Lynch Global Research discusses the FX/oil relationship.
"
We still build our EUR-USD outlook on...
UBS suggests selling the pair
UBS is increasingly optimistic about the Australian dollar and notes that the short position is crowded but that quite a bit of dovishness is already...
Time for EUR/USD to make a move
Kit Juckes from SocGen makes a good point about the euro today:
For the world's most-traded and least exciting currency pair, a dovish Fed, a...
Euro Pound Sterling (EUR/GBP) Exchange Rate Improves as UK House Prices Figures Fall
EUR/GBP Exchange Rate Rises as UK House Prices Fall for First Time this Year The Euro Pound...
The U.S. dollar rose on Monday, as manufacturing activity in New York posted its biggest increase in more than two years. The U.S. dollar index, which measures the...
Euro US Dollar (EUR/USD) Exchange Rate Flat as Empire State Manufacturing Index Has Largest Turnaround in Two Years
Euro US Dollar (EUR/USD) Exchange Rate Muted as New York...
(Bloomberg) -- The analyst who most accurately predicted the ruble’s rally in the second quarter is now its most pessimistic forecaster.
The Bank of Russia’s switch to...
USD/CHF touches its lowest level since 1 July
For USD/CHF, sellers are back in near-term control and are poised to search for a further extension lower if they can navigate a firm...
GBP/AUD Exchange Rate Falls as Risk Appetite Returns for ‘Aussie’ The Pound Australian Dollar (GBP/AUD) exchange rate fell by 0.3% today, leaving the pairing trading around...
Nomura recommends a short in EUR/GBP after the pound's recent losing streak against the single currency
ForexLive
The pound has struggled against the euro since the middle of May...