|Jul 30 23:16 GMT|
Fundamental Analysis Reports
US FOMC Holds Fed Funds Steady and Reduces Monthly Asset Purchases by a Further $10 Billion
Jul 30 18:58 GMT, by
Today, the Federal Open Market Committee (FOMC) met expectations and cut a further $10 billion from the pace of monthly asset purchases. Beginning in August 2014, the Fed will purchase $10 billion of...
GBP/USD - Pound Slide Continues as US GDP Soars
Jul 30 17:39 GMT, by
GBP/USD continues to lose ground on Wednesday, as the pair trades at the 1.69 line in the North American session. The sagging pound has now lost close to 200 points in the past week. On the release f...
AUD/USD - US Dollar Gains on Super GDP
Jul 30 17:38 GMT, by
AUD/USD has posted strong losses on Wednesday as the pair trades in the low-0.93 range in the North American session. On the release front, the US Advance GDP was excellent, jumping 4% in Q2. Elsewhe...
USD/CAD Breaks 1.09 as Loonie Slide Worsens
Jul 30 17:37 GMT, by
The shaky Canadian dollar continues to lose ground on Wednesday. USD/CAD, propelled by an outstanding US GDP report, has pushed over the 1.09 level. Elsewhere in the US, ADP Nonfarm Payrolls softened...
Real GDP Grew at a 4-Percent Pace in the Second Quarter
Jul 30 15:02 GMT, by
Any concerns that the first quarter's drop in real GDP growth was a harbinger of tougher days ahead have been laid to rest by this morning's advance estimate of second quarter real GDP, which showed ...
US GDP Jumps by a Stronger than Expected 4.0%
Jul 30 13:46 GMT, by
The advance estimate of US second-quarter 2014 GDP growth was 4.0%, thereby marking a larger than expected rebound (market expectations had been for a 3.0% increase) and following a revised 2.1% decl...
Technical Analysis Reports
EUR/CHF: the Forgotten FX Pair Could Make a Spectacular Return
Jul 30 17:43 GMT, by
With the USD taking the limelight this week because of all the economic reports from the world's largest economy, the EUR/CHF may not be on many people's radars. But the forgotten currency pair could...
GBPUSD: Is the Uptrend Coming to an End?
Jul 30 17:42 GMT, by
We already discussed the traditional technical outlook for GBPUSD earlier this week, but we wanted to revisit the pair and evaluate the health of the uptrend more objectively. In a sideways market...
Technical Overview - GBPUSD, USDJPY and GBPJPY
Jul 30 13:43 GMT, by
On Tuesday, the pair decisive dropped below 50-day SMA support, confirming the continuation of short-term down-trend as depicted by a descending channel formation on 4-hourly chart. The pair is curre...
Technical Outlook: USDCAD, USDCHF, EURCAD and EURCHF
Jul 30 12:14 GMT, by
Having closed above its 200-day SMA and 61.8% Fibonacci Retracement Level of its up move, connecting December 2013 lows to March 2014 highs, the USDCAD is trading near six week high. Also, the MACD i...
The Quiet Before the Storm? S&P Future Slightly Higher ahead of Key US Data
Jul 30 12:09 GMT, by
US index futures are slightly higher following the retreat on Wall Street yesterday, but they could move more sharply depending on the outcome of US data ahead of the opening bell. In Europe, it has ...
USDCAD - Extends Its Bullish Offensive
Jul 30 10:02 GMT, by
USDCAD - With USDCAD rallying strongly on Tuesday, further bullishness is now envisaged. On the upside, resistance is seen at the 1.0900 level followed by the 1.0950 level. Further out, resistance co...
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Long Term Forecasts
Growth in China Appears to Be Stabilizing
Jul 19 08:05 GMT, by
The year-over-year rate of real GDP growth in China edged up to 7.5 percent in Q2 from 7.4 percent ...
FX Forecast Update: Negative Rates and Liquidity Tools to Weaken the Euro
Jun 14 03:24 GMT, by
The ECB delivered more easing than expected at its rate meeting in June by cutting both the refi an...
AUD/USD - 2013 In Review
Jan 02 02:25 GMT, by
The Australian dollar is known for its strong volatility, and taking traders on roller coaster ride...
USD/CAD - 2013 In Review
Jan 02 02:23 GMT, by
The Canadian dollar looked sharp as we began 2013, but struggled badly late in the year, as the cur...
USD/JPY - 2013 In Review
Dec 26 02:31 GMT, by
The Bank of Japan continued its radical monetary program in 2013, and the yen responded with sharp ...
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