USD/JPY climbs to highs despite weak data from EE.UU

The pair USD/JPY took some bullish momentum, while the american operators entering the market, surpassing the area of 108.50, new highs of the session. In these moments, the pair is trading at 108.60, a few pips below the closing of last week. Although the manufacturing index fell to 5.2, compared to 16.4 in April, the […]

USD/CAD cautiously bearish — Scotiabank

Eric Theoret, strategist of FX at Scotiabanknoted that the outlook for the pair USD/CAD remains bearish in the short term. Statements key «Signals are momentary, they are bearish, the DMI are giving confirmation, and the MA in the short term are alineadasen way bassist with the MA of 9 days that drift behind the MA […]

EUR/USD is holding around 1.0640

The pair EUR/USD stays above 1.0600 at the moment, now testing the area of 1.0640. The rise of EUR/USD was stopped near 1.0650 The bias offered around the greenback remains intact at the beginning of the week, while market participants continue digesting the disappointing results of the Friday of retail sales of the EE.STATES, and […]

EUR/JPY recovers from lows in months

The euro regained time in the last few hours and erased the losses that I had against the yen and the pound. The EUR/JPY fell in the asian session up to 114.84, the lowest level since the 9th of last November, but then bounced and was operating, in the prior of the opening of Wall […]

USD/BRL: The real is overvalued — Lloyds Bank

According to analysts at Lloyds Bank, the bullish move in the USD/BRL over the past month, confirmed the vision of a real over-valued. Statements key:«The efforts of the brazilian government to move forward with pension reform to the long-term seem to have encountered resistance in Congress. A real weaker in response, suggests that investors sobreestimaron […]

GBP/USD still appears to be scope to test 1.2615 — UOB

According to the observation of the strategists in the currency of the UOB Group, the pair GBP/USD is still positioned to perform a test to the area of 1.2615 in the next few weeks. Statements key: «The current consolidation phase appears incomplete and it is expected that the GBP can continue to operate in the […]

GBP/USD rises towards the area of 1.2550

The pound is showing strong in the market in the calm day, Monday, for most of the crossings. The pair GBP/USD started the week extending the positive momentum from Friday and after a retracement up to 1.2528 during the european session, bounced and climbed up to 1.2549, reaching the highest level since last Thursday. The […]

Dollar remains low in expectation of GDP and FOMC

Dollar remains low in expectation of GDP and FOMC

The weak dollar begins its fourth day before the announcement of US GDP and the FOMC tomorrow. Some disappointing recent US data have led investors to reconcile with the possibility that the Fed could delay rate hike. The preliminary Q / Q UK GDP is expected to have fallen to just 0.5% below 0.6% in […]