Like most currency pairs, the AUD/CHF uptrend seems to have stalled. That may not be surprising when you consider that we have two big events this week. Read More AUD CHF
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The British Pound pared the previous day’s decline and is the best performing currency against the greenback on Wednesday, while the New Zealand dollar extended its decline and slipped to a low of 0.7033 during the overnight session. Read More British Pound Advances, New Zealand Dollar Continues to Underperform
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The Federal Reserve may take a chance the housing market can stage a comeback without its support by announcing today it will stick to the plan to end a $1.25 trillion program of mortgage-debt purchases in March. 9 Vote(s) Read More Fed May Take Risk MBS Program End Wont Hurt Housing
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The latest UK data shocks, with inflation surging and official GDP numbers showing anaemic economic growth, are likely to reinforce, rather than undermine, the Monetary Policy Committee’s desire to put policy on hold. 9 Vote(s) Read More BOE Policy Pause Seen Likely In Feb Amid Data Shocks
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Oil prices were mixed in Asian trade yesterday as demand uncertainty weighed on investors already wary from recent economic policy moves in the United States and China. 9 Vote(s) Read More Oil mixed in Asian trade
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Forex Futures and Options continue to give fairly bullish forecast for the US Dollar, as a general unwind of extreme USD-short positioning would almost certainly bring further appreciation. A jump in volatility expectations likewise supports major market moves and leaves clear risk for short-term USD strength. Read More US Dollar Forecast Bullish on OneSided Futures [...]
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World oil prices held steady on Wednesday as the market awaited the latest energy stockpiles data in the United States. 7 Vote(s) Read More Oil prices stable before US inventory data
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The New Zealand Dollar continues to trade lower ahead of the upcoming RBNZ rate decision as the prospect for a rate hike has dimmed. Interest rate expectations have significantly declined since fourth quarter consumer prices missed expectations of 0.0% with a decline of 0.2%. Read More New Zealand Dollar Taking Cue From Yield Expectations with [...]
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The Canadian dollar did not manage to revert its losing trend today as equities and commodities continued to decline globally, fueling emerging concerns that Canada’s economic recovery will suffer from a slower-than-expected recovery in most of i 5 Vote(s) Read More Canadian Dollar Remains Bearish on Stocks Performance
Posted in FX News | Tagged bearish, canadian, dollar, on, performance, remains, stocks |
US Dollar, Japanese Yen Mostly Stronger Ahead of FOMC Decision Key Comments to Watch For
• New Zealand Dollar Consolidates Ahead of RBNZ Rate Decision • British Pound Strongest of the Majors as BOE’s Sentence Suggests UK Rates Could Rise This Year • Euro Mostly Lower as German CPI Signals Falling Price Pressures Read More US Dollar, Japanese Yen Mostly Stronger Ahead of FOMC Decision Key Comments to Watch For
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