The recent economic news from the US (Non-Farm Payroll) has been encouraging even though the US unemployment rate was a tick higher at 7.9%. Since this report, the initial jobless claims have been trending lower.
Could the “Queen’s Currency” about to be downgraded? ETX Capital looks at the ramifications for sterling should the UK lose its AAA status.
The USD/JPY pair went back and forth during the session on Wednesday, essentially ending up where it started. The market is currently attractive to the 93.50 level, and after the FMOC minutes been released, this market went...
The USD/CAD pair broke higher during the session on Wednesday as the Federal Reserve releases its minutes, suggesting that there is serious discussion on limiting asset purchases. If that happens, the US dollar should continue to gain...
The GBP/USD pair fell drastically during the session on Wednesday, making a move well below the 1.5250 handle. Because of this, it certainly looks like we are going to reach for the 1.50 handle that we have...
The EUR/USD pair initially trying to rally during the Wednesday session, but sold off rather drastically as the markets developed a “risk off” attitude around the world.
The AUD/USD pair fell hard during the session on Wednesday as commodities got hit across the board. The Federal Reserve released its minutes from the last month during the session on Wednesday, and as a result people...
The euro falls back as the trading session on Wednesday progresses, reversing its increase from the early hours and loosing some of its initial gains. At the time of writing, the single currency was trading at 1.3389,...
USD: Bullish The U.S. dollar could be in for a bit of consolidation against its major currency counterparts until the big reports are released during the New York session.
NZD/USD’s uptrend is still intact as the rising channel on the 4-hour chart seems to be holding. The pair just tested the top of the channel last week when New Zealand released stronger than expected quarterly retail...
