AUD/JPY: Yen Maintains Dip as BOJ Easing Expectations High
Expectations that the Bank of Japan would commit to aggressive monetary policy at the end of its two-day meeting tomorrow are foreseen to continue weighing on the Yen today.
Author: AlgosysFx
USD/CHF: Greenback Forecast to Bounce Back on Corporate Earnings, Consumer Sentiment
The US dollar is still projected to bounce back from its current bearish price correction opposite the Swiss franc after matching an almost two-month high earlier today. Price action has fallen to as low as 0.9333 after...
EUR/USD: Euro Gains as Bernanke Suggests Stimulus Measures to Remain
The Euro is deemed to sustain its strength against the US dollar today as cautious comments by Federal Reserve Chairman Ben Bernanke over the US economy suggested that the central bank was in no hurry to withdraw...
AUD/JPY: Japanese PM Abe Piles on the Pressure
Comments from Japanese and Australian leaders over the weekend are deemed to sustain the bullish trend of the AUDJPY to begin the new trading week. Japanese Prime Minister Shinzo Abe continued to call on the Bank of...
AUD/USD: Greenback to Pare Some of Aussie’s Weekly Gains
The US dollar is set to recover some of its earlier losses versus the Australian currency this week, as investor sentiment turned sour from earlier released economic data. Chinese inflation was reported to have quickened more than...
EUR/GBP: Euro Expected to Incline as ECB Seen on Hold
The Euro is seen to gain opposite the British pound today as the European Central Bank is expected to keep interest rates on hold at a record low 0.75 percent as the Euro Zone economy shows some...
AUD/CAD: Loonie to Gain from Drop in Australian Retail Sales and US Corporate Earnings
The skirmish between the commodity dollars today is set to direct the Canadian dollar above its Australian counterpart after the Land Down Under posted an unexpected decline in retail sales performance.
EUR/USD: Projected Rise in Retail Sales Seen to Support the Euro
The Euro is foreseen to gain opposite the US dollar today as optimistic comments by European Commission President Jose Manuel Barroso are likely to append optimism that the worst is over for the Euro Zone.
USD/JPY: Japan Stimulus Bets and Upbeat US Data Weigh on the Yen
The Japanese yen is foreseen to sustain its weakness alongside the US dollar today on continuing speculation that the Bank of Japan will ramp up efforts to revive economic growth under pressure from Prime Minister Shinzo Abe.
EUR/GBP: Pound Strengthens as Manufacturing Unexpectedly Expands
The British pound is deemed to strengthen alongside the Euro today as a gauge of UK manufacturing unexpectedly expanded in December, suggesting renewed strength in the economy at the end of 2012. In contrast, the Euro is...