GBP/USD Forecast: sellers around 1.5700 now

The British Pound is recovering some ground against its American rival, following better than expected UK Retail Sales, up 1.6% monthly basis and to 6.4%YoY, while core readings also surged sharply.  Having established a fresh low for the year at 1.5539, 1 pip below previous one, the 4 hours chart for the pair shows that […]

USDJPY: 120.75-120.90 on the upside, 114.55-114.70 on the downside

BETA – Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT): EURUSD: 1.2585 -1.2600 on the upside, 1.2125-1.2140 on the downside. AUDUSD: 0.8230-0.8245 on the upside, 0.8040- 0.8055 on the downside. USDJPY: 120.75-120.90 on the upside, 114.55-114.70 on the downside. GBPUSD: 1.5795-1.5810 on the upside, 1.5445-1.5460 on […]

EUR/USD hovers near 8-day low

FXStreet (Mumbai) – The EUR/USD pair saw a minor bounce after the weaker-than-expected PMI data in the US, although the pair still hovers around the 8-day low of 1.2290 The pair now trades 0.49% lower at 1.2283 levels, after having recovered slightly from the low of 1.2266 hit post the US weekly jobless claims data. […]

Yen stronger across the board

EURUSD The Euro trades within the range, capped under 1.25 barrier, so far lacking momentum for final push higher, despite leaving a series of higher lows in past few sessions. Near-term studies are positively aligned and keep focus at the upside, with yesterday’s negative close signaling further hesitation on approach to pivotal 1.2500/30 barriers. Daily […]

FOMC expected to change its language in its statement

Language shift from “considerable time” The big expectation for the conclusion of the Federal Reserve’s Federal Open Market Committee meeting is for a shift in language. The FOMC is expected to drop the phrase “for considerable time” in reference to maintaining near-zero rates in favour of an emphasis on patience. As part of the Fed’s […]

EUR/USD: risk leads, dollar to extend its decline

EUR/USD Current price: 1.2533 View Live Chart for the EUR/USD Oil collapse continues to lead the markets, alongside with Russian Ruble falling by hundreds of pips at the time. Panic rules markets, stocks are in the red in Europe, and safe-haven yen stands once again as the overall winner of the day. In Europe, data […]

US Treasury yields remain weak ahead of Fed policy

FXStreet (Mumbai) – The yields across the short-end and the long-end of the US bond market curve weakened today as markets brace up for the Federal Reserve policy statement due tomorrow. The yields weakened as the treasuries witnessed a rise in the safe haven demand as risk aversion firmed its grip on global financial markets. […]

EUR/USD might move towards 1.2735 levels – Scotiabank

FXStreet (Barcelona) – Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank sees the EUR/USD pair trading higher due to EUR strength, further anticipating the pair to rally towards 1.2735 levels if it closes above the 50-day MA at 1.2537 levels. Key Quotes “EUR is strong, having rallied to a one month high and flirting […]