|Jul 24 04:21 GMT|
Fundamental Analysis Reports
RBNZ: Rate Rise Not Enough To Save The Falling Kiwi
Jul 24 02:48 GMT, by
As expected, RBNZ raised rates by 25bps, for an overnight cash rate of 3.5%. Despite the rise price sold off immediately, with Dovish comments from Wheeler keeping prices at 6-week lows.
GBP/USD – Pound Slightly Lower Despite Solid UK Data
Jul 24 02:10 GMT, by
GBP/USD has posted slight losses on Wednesday. In the North American session, the pair is trading in the mid-1.70 range. On the release front, BBA Mortgage Approvals met expectations, while CBI Reali...
RBNZ Raises Rates, Signals For A Pause In Its Tightening Cycle
Jul 24 02:02 GMT, by
The Reserve Bank of New Zealand (RBNZ) raised the official cash rate to 3.5% from 3.25% as expected. We were also expecting the bank to fire a warning shot at the kiwi and signal that it plans to pau...
AUDNZD: Can The RBNZ Put The Brakes On The Rally?
Jul 24 01:58 GMT, by
Much like the USDJPY, which we discussed at length earlier today, the AUDNZD has been rangebound for most of 2014. In its case, the antipodean pairing has been finding consistent support in the 1.05-...
Time For USDJPY Traders To Wake Up?
Jul 24 01:56 GMT, by
Out of all the major currency pairs, the USDJPY has undoubtedly been one of the dullest thus far this year. The pair has been trapped within a tight range from roughly 101.00 to 104.00 since mid-Janu...
RBNZ Hikes Official Cash Rate To 3.5%, Says New Zealand Dollar Exchange Rate Unjustified
Jul 24 01:54 GMT, by
The Reserve Bank of New Zealand increased its official cash rate by a quarter point for the fourth straight time to 3.5% as expected, but has also signaled a pause to rate hikes in order to assess ho...
Technical Analysis Reports
Market Morning Briefing
Jul 24 03:28 GMT, by
Euro (1.3459) is sleeping after breaking down below 1.3475 as it trades at an 8 month low. Right now, it is tottering at the monthly trendline support at 1.3450, below which the door to 1.33 and 1.31...
The Daily Forecaster: EURJPY
Jul 24 02:24 GMT, by
Price saw a low in the higher support target at 136.35-45. This should now provide a correction higher although the depth is a little difficult to judge. It could be as low as 137.33-43... so do be a...
AUD/USD – Surges To Two Week High Above 0.9460
Jul 24 02:21 GMT, by
In the last 24 hours the AUD/USD has enjoyed a solid period which saw it surge higher through the resistance level at 0.9425 to a two week high, before easing back towards that level in recent hours....
Australia 200 – Moves To Six Year High
Jul 24 02:12 GMT, by
The Australia 200 Index is easing back slightly from its six year high which has been achieved over the last 24 hours. In recent weeks it has discovered a new key level to deal with after running int...
Daily Forex Update: GBP/USD
Jul 24 02:07 GMT, by
GBP/USD continues to fall after the recent reversal from the upper resistance trendline of the daily Up Channel chart pattern. GBP/USD is expected to break this up channel and then to fall to the tar...
EURAUD Has 1-Year Lows In Sight
Jul 24 02:00 GMT, by
Yesterday, my colleague Kathleen Brooks discussed the bizarre breakdown in EURUSD. Despite broad-based USD weakness and a lack of negative news out of Europe, the world's most widely-traded currency ...
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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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