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USD/CHF holds above 0.9300

FXstreet.com (Córdoba) – The USD/CHF came under pressure during the American session as the greenback weakened broadly, weighed by disappointing US wholesales data. However, USD/CHF found strong support once again at the 0.9300 mark and settled within a narrow range just above that level. At time of writing, USD/CHF is trading around 0.9310, still 0.4% […]

GBP/USD treading water around 1.5800

FXstreet.com (Edinburgh) -The GBP/USD rally seems to be taking a breather now, easing from the boundaries of 1.5820 to the proximities of 1.5800 the figure on Wednesday. GBP/USD in 7-month highs The pair keeps the positive tone nonetheless, trading in levels last seen in February and propped up by today’s upbeat data from the UK […]

GBP/JPY is mving higher in the 158.00 handle

FXstreet.com (London) – GBP/JPY is performing well, continuing on the bid throughout global sessions and has moved to levels not seen since May this year. The GBP is trading broadly higher on the back of better than expected unemployment data, explained research teams at TD Securities. The unemployment rate dropped to 7.7% in August from […]

EUR/GBP is living dangerously eyes below 0.8400

FXstreet.com (London) – EUR/GBP is living dangerously, having breached the 0.8400 handle to the downside and remains in offered territory at 0.8414 currently. Bulls might be cautious in the EUR/GBP here and as Garther Berry at UBS puts it. “…we believe downside in the cross remains the favoured channel to express a cautious view on […]

Flash: AUD/USD downside bias under pressure – ANZ

FXstreet.com (Lisbon) – Sharp AUD/USD rebounds off 0.8890 may induce calls for larger squeezes to 0.9500-10 (38.2% of fall since April) or even a “head and shoulders” target of 0.9600-20, suggests Tim Riddell, Head of Global Markets Research at ANZ. Key quotes “Momentum indicators (daily and weekly) are supportive. The downtrend is still (just) in […]

EUR/USD clings to 1.3300

FXstreet.com (Edinburgh) -The shared currency finally managed to leave behind the 1.3300 handle, pushing the EUR/USD to fresh 2-week highs around 1.3315. EUR/USD paring weekly losses The pair is recovering ground lost after a failure to break above the critical 1.3400/50 band sent the euro to knock on the 1.3100’s door last week. Better tone […]

USD/CAD oversold?

FXstreet.com (London) – USD/CAD has been a bumpy drift along to lower lows within the 1.0400/1.0320 range. Research teams at TD Securities noted that the USD/CAD is retesting yesterday’s lows. “The soft undertone evident over the past week persists. Oil prices have improved a little in the overnight session after yesterday’s sell off but remain […]

Flash: NZD/USD upside towards 0.82 possible on RBNZ – Westpac

FXstreet.com (Lisbon) – The NZD/USD remains consolidative, ranging between 0.77 and 0.82 during the past three months – the key event for the NZD this week is the RBNZ’s MPS, where a full set of forecasts is released, notes Imre Speizer at Westpac. Key quotes “The week ahead is busy with supportive NZ data so […]

Precious metals trade unevenly as risk appetite subsides

FXstreet.com (Lisbon) – Precious metals have been unable to sustain any push Wednesday, oscillating in a minor consolidation though abstaining from any breaks below key supports. Gold rebound on the horizon Gold retested the 1358.00-support level earlier today, activating a bullish rebound scenario, where holding above the main ascending trend line and 1352.00 horizontal support […]

Flash: AUD/USD caps ahead – Commerzbank

FXstreet.com (London) – Karen Jones, Chief Analyst at Commerzbank eyes resistances ahead. Key Quotes: “AUD/USD tests the July peak at .9318 which is likely to cap in the very short term. Key resistance remains at .9388/.9404 (2011 low and 2009 high) and we look for this to continue to cap the topside”. “Intraday dips will […]

AUD/USD cap ahead?

FXstreet.com (London) – AUD/USD is looking for the break through 0.9300. AUD/USD is continued to the upside, denying the offers and pushing through the resistances to mark a high of 0.9320.AUD/USD amongst the CAD and NZD, was outperforming last week and has continued on the bid into this weeks sessions. On Thursday we will see […]

GBP/USD climbs back above 1.5800

FXstreet.com (Córdoba) – Following a short-lived correction, the GBP/USD rose back above the 1.5800 area at the beginning of the NY session, although it lacked momentum to reach its 7-month peak scored earlier at 1.5825. GBP/USD regains 1.5800 As the USD weakens across the board, GBP/USD managed to resume the advance, climbing to 1.5809 before […]

USD/JPY breaks below 100.00

FXstreet.com (Lisbon) – The USD/JPY technical pair briefly surrendered its grip on the 100.00 level during US trading Wednesday, waning to the 99.84 level (session low), before quickly regaining the aforementioned figure. USD/JPY event risk The beginning of the week has been dominated by risk appetite, which witnessed the USD/JPY soaring though this has generally […]

Flash: NZD/USD could make run to 0.8200 ahead of RBNZ – Westpac

FXstreet.com (Lisbon) – Sean Callow, a Global FX Strategist at Westpac analyzes the short-term outlook of the NZD/USD ahead of the RBNZ this week. Key quotes “The NZD/USD should benefit from the recent slippage in Fed tapering expectations.” Moreover, “the NZD/USD remains consolidative, ranging between 0.77 and 0.82 during the past three months. The week […]

Flash: USD/CAD rebound imminent – TD Securities

FXstreet.com (Lisbon) – The USD/CAD is retesting yesterday’s lows as our session gets underway – the soft undertone evident over the past week persists, notes the TD Securities Team. Key quotes “Oil prices have improved a little in the overnight session after yesterday’s sell off but remain close to 5% off of the recent peaks. […]

EUR/USD rallies to 1.3300

FXstreet.com (Córdoba) – The EUR/USD finally managed to break above the 1.3280 resistance area and rallied toward a fresh 2-week high after data showed US wholesale inventories and sales grew less than expected in July. EUR/USD lifted by wholesale data EUR/USD rose as high as 1.3300 as the greenback weakened across the board as wholesale […]

Flash: AUD/USD faces RBA-induced headwinds in upcoming months – NAB

FXstreet.com (Lisbon) – Earlier this month, the RBA left the cash rate on hold at 2.50% at its September meeting, with its accompanying statement suggesting little, if any, change in view since its previous meeting, however inflation is unlikely to be a barrier to further policy easing, notes Alan Oster, Group Chief Economist at NAB. […]