Rupee remains weaker after RBI cuts rates

Apart from Indian currency, much of the rest of the foreign exchange market remained under the influence of the Fed move to leave asset purchases intact …read more    

What Sunday’s German elections could mean for the markets

FXstreet.com (London) – With little in the way of important macroeconomic data on the horizon today, focus is on the German general elections, taking place on Sunday. In the run-up, Angel Merkel’s opponent, Peer Steinbrueck, has so far struggled to gain traction among his core voters on the left. And given Merkel’s huge role in […]

Spain Trade Balance: €-0.8B in August from €-0.1B in July

FXstreet.com (Barcelona) For more information, read our latest forex news. …read more    

USD/CHF struggles to sustain its gains above 0.9100

FXstreet.com (Athens)- The USD/CHF managed to trim its severe losses post FOMC decision, but still struggles to maintain its gains above 0.9100 area. The USD/CHF seems to be trapped in an downtrend mode The USD/CHF managed to break out the resistance as of 0.9100, but it’s very difficult to sustain an uptrend momentum. What’s more, […]

Flash: USD/JPY rangebound near term – OCBC Bank

FXstreet.com (Edinburgh) -The area around 99.60 continues to cap any attempt of further upside in the USD/JPY. Emmnanuel Ng, Strategist at OCBC Bank, believes the USD/JPY would keep the range near-term. Key Notes “USD-JPY may remain in stasis in the near term, weighed by a heavy dollar but underpinned by supportive JPY-crosses”. “The Fed’s George […]

Flash: EUR holds different stances vs. rest of majors – UBS

FXstreet.com (Edinburgh) -According to Strategists Geoffrey Yu and Gareth Berry at the Swiss lender UBS, the single currency faces different outlooks against its competitors. Key quotes Regarding the EUR/GBP, the stance is bearish: “The recent upside is just a correction within a bearish trend. The risk is for resumption of weakness from the resistance at […]

USD/JPY closer to 100.00 area

FXstreet.com (Athens)- The USD/JPY was the weaker performer in the wake of the Fed decision, thus is close again to the 100 key-zone area. The USD/JPY is moving upwards on post-FOMC era; JPY the weakest performer on board The USD/JPY is hovering around its daily highs as of 99.36 area. What’s more, the Japanese currency […]

UK: PSNB at £11.452B in August

FXstreet.com (Barcelona) – UK Public Sector Net Borrowing was at £11.452 billion in August, official figures released by National Statistics show, following £-1.119 billion registered in July. Analysts expected £12.000 billion.For more information, read our latest forex news. …read more    

EUR/USD eases below 1.3520

FXstreet.com (Edinburgh) -The selling interest is now gathering steam on Friday, driving the EUR/USD to test intraday lows in the area of 1.3520/15. EUR/USD attention on Germany While market participants keep digesting the dovish FOMC meeting, the focus seems now to be on the German elections due over the weekend as the immediate event risk […]

Crude Oil collapses after a bout of buying to cover short positions

FXstreet.com (Athens)- The Commodities moved on a mixed way on Thursday, as the greenback recovered yesterday, a day after incurring sharp losses following the Federal Reserve’s shock decision to keep its stimulus program intact. Commodities on mixed ways; oil falling apart while gold rises to one week highs Oil fell sharply on Thursday after a […]

USD/CHF running in place above Thursday’s low; ultimate dowside may be 0.9016

FXstreet.com (Barcelona) – In this match of “safety currencies”, it appears to be the Swiss Franc that has all the relative strength as evidenced by the tumbling USD/CHF. USD/CHF traders to focus Friday on DXY’s reaction to Washington politics USD/CHF traders will be monitoring the ongoing debate and posturing regarding Obamacare and the US budget […]

EUR/USD flat around 1.3530

FXstreet.com (Edinburgh) -The shared currency is extending the very narrow range on Friday, with the EUR/USD meandering around 1.3530/40. EUR/USD would remain range-bound The pair keeps the upper band of the post-FOMC spike, sidelining around 1.3530/35 ahead of the opening bell in London. Data wise, the calendar is almost empty in the euro area, with […]

EUR/CHF may have completed an “abc” correction at 1.2309 say Elliott Wavers

FXstreet.com (Barcelona) – In a pure display of relative strength on the part of the Swiss Franc, the EUR/CHF has been correcting lower since the 9/11 intraday peak. The correction, if EW technicians are correct, may have run its course, though. EUR/CHF has EU consumer confidence numbers to digest Friday EUR/CHF traders will wrap up […]

GBP/JPY is trading downwards but does not give up 159.00

FXstreet.com (Athens)- The GBP/JPY is moving downwards since the early opening Asian trading session but last couple of hours regains uptrend momentum. The GBP/JPY will try to retest 159.50 level; BoJ Kuroda speaks at Kisaragi-kaiGenerally the pair is consolidating over the 159.20 area. Yesterday the pair managed to broke to a new high on 10-Sep, […]

Flash: RBA likely to ease again; AUD to trade heavy – NAB

FXstreet.com (Barcelona) – The RBA will be forced to reduce rates again before too long, NAB Strategist Ray Attrill notes. Key Quotes “Commodity production is also much less labour intensive than mining construction and we expect the unemployment rate to continue rising for several quarters as the economy struggles to rebalance.” “There is simply not […]

GBP/USD bouncing modestly at 1.6042 after downside correction day Thursday

FXstreet.com (Barcelona) – After a huge run recently, GBP/USD appears to be in the early stages of a consolidation phase with limited downside. Big data flow next week will drive the action. GBP/USD traders to focus on Washington happenings Friday and data next week So, the message from the data and news flow this week […]

GBP/JPY finds strong supply at 160 round

FXstreet.com (Barcelona) – The GBP/JPY foreign exchange cross rate is currently trading at 159.26 off recent session lows at 159.11 ahead of UK Public sector net borrowing at 08:30 GMT, retracing from fresh 4-year highs at 160.07 printed in early NY trade. GBP/JPY attracting longs into current retreat “Upmove currently hindered by the overbought posture […]

EUR/GBP stalling below 0.8450 ahead of Germany elections

FXstreet.com (Barcelona) – The EUR/GBP foreign exchange cross rate is last trading at 0.8439 off recent session/weekly highs at 0.8445 ahead of Germany elections Sunday, and earlier UK Public sector net borrowing at 08:30 GMT, followed by Bundesbank president Weidmann speaking at 11:30 GMT. EUR/GBP good risk-reward for short-term bulls “EUR/GBP is in retracement mode,” […]