Forex News
The yuan was flat on Wednesday after China reported a mixed economic report card for October. The dollar was unchanged as traders awaited Federal Reserve chairman...
Generally speaking, renewed demand for risky assets and higher Treasury yields should drive the USD/JPY through this week’s high at 114.210 and into the October high at 114.580,...
The US dollar profit-taking was the key underlying theme in Asia this Wednesday, in response to the increased demand for the GBP and Euro on a potential Brexit deal. The GBP/USD...
The USD/INR is currently trading at 71.97, having clocked a 7.5-week low of 71.79 earlier today.
The daily chart is flashing bearish lower highs and lower lows pattern in the last...
Multiple bearish signals in USD/MYR warn that that Malaysian Ringgit may appreciate against the US Dollar next. Meanwhile the dominant trends in USD/IDR and USD/PHP may continue.
USD profit-taking and hopes of a Brexit deal keep the Cable well bid.
All eyes on the UK Brexit Cabinet meeting and UK inflation data for a fresh directional move.
The GBP/USD...
The USD/JPY pair created doji candle on Monday and Tuesday, signaling indecision in the marketplace.
A break above 114.23 (high of the Monday's doji) would signal a resumption...
German/ Eurozone Preliminary GDP overview
The preliminary readings of Germany's and Eurozone Gross Domestic Product (GDP) are slated for release on Wednesday at 07:00 GMT and...
The rejection at the bearish 5-day SMA indicates the EUR is on the defensive below 1.13.
An above-forecast German and Eurozone GDP may be of little help as Italy-EU standoff...
Oil prices slipped on Wednesday after diving 7% the previous day and suffered their biggest one-day loss in more than three years.
Crude Oil WTI Futures declined...
Based on this week’s price action, the direction of the AUD/USD the rest of the week is likely to be determined by trader reaction to the downtrending Gann angle at .7217.
The EUR/JPY is better bid at 128.78, having witnessed a falling channel breakout on the hourly chart yesterday. The cross has also charted a rising channel on the hourly...
The NZD/USD is currently trading at 0.6770, having clocked a low of 0.6754 earlier today.
The pair has charted higher lows and higher highs pattern in the last 24 hours, adding...
The AUD/JPY is struggling to beat the 100-day simple moving average (SMA) hurdle, possibly due to a weaker-than-expected China retail sales reading.
The path of least resistance,...
The Aussie dollar is erasing gains after a weaker-than-expected China retail sales release.
China's economy could slow more than expected in the coming quarters a domestic...
The Australian Dollar didn’t move very far on Tuesday’s Chinese data dump in which retail sales underwhelmed and industrial production did not
The New Zealand Dollar may struggle to find upside follow-through against its US namesake despite seemingly bullish near-term technical positioning.
The AUD/USD is struggling to move past the 100-hour simple moving average (SMA).
An uptick in the Aussie wage price index seems to have gone unnoticed.
The currency pair has...
Analysts at Rabobank explained that today we saw Japanese Q3 GDP, which underlined how wobbly the global backdrop suddenly looks.
Key Quotes:
"It shrank 1.2% q-o-q on an...
Japanese economy contracted in the third quarter, reinforcing Bank of Japan’s dovish policy stance.
USD/JPY has bounced off the ascending 5-day EMA, keeping bulls in the...
Analysts at Nomura offered their model's projection for today's fix in USD/CNY.
Key Quotes:
"Model projection: 6.9414 versus 6.9629 previous (215 pips lower; 117 pips...
The People's Bank of China (PBOC) set the yuan reference rate at 6.9402 vs the previous day's fix of 6.9629.
EUR/USD has rallied through the 1.13 handle in thin liquidity in Asia as the dollar slides further.
EUR/USD has followed sterling overnight but the dollar and thin liquidity is...
AUD/USD has rallied from the 0.7180s and scored a fresh high in early Asia on a slide in the greenback with 0.7250 on the radar.
Thin trade allows the dollar to fall below the 97...
Analysts at Westpac noted that AUD/USD had bounced.
Key Quotes:
"AUD/USD had bounced about 40 pips to 0.7210 in Sydney trade, backed by optimistic headlines about the US and...
Updates to Australia’s Wage Price Index (WPI) may fuel the recent rebound in AUD/USD as household earnings are projected to pick up in the third-quarter of 2018.
USD/CAD daily chart
USD/CAD is ending Tuesday virtually unchanged below 1.3250 brick wall.
USD/CAD is attempting to break meaningfully above the September high.
USD/CAD...
NZD/USD had been moving its way forward in the latter part of the US session making for a bullish open in early Asia.
NZD/USD is currently trading at 0.6760 from a high of 0.6768...
USD/JPY daily chart
USD/JPY is consolidating near the 114.00 figure for the fourth day in a row.
The Stochastic indicator is in the overbought zone.
USD/JPY 4-hour...
An eventful US session with Brexit and Oil in focus
GBP and NZD strongest currencies on the session (However, GBP gains were capped by negative prospect of a Parliamentary vote...