USD/JPY may resume the slide It was a hectic Asian session with Nikkei closing down by -0.55% at 14,841.07, and yen strengthening to 101.55. USD/JPY tumbled on better than expected Japan data, which reduced the chances the BOJ might be close to further easing actions. Despite the current rebound, the pair is vulnerable for further […]

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The slide on AUD USD is remarkable, the pair has lost 115 pips in the last 2 days. The slide was predictable specially when the pair failed to break the 100 moving average on the daily chart, since then the pair has lost 129 pips (as of writing) decline has continued for the last three […]

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Gold has marginally broken above the US swing high at $1,343.00, recording a new 3-month high, level not seen since Oct 30, 2013. From an hourly perspective, after finding a bottom just above the $1,300 area, gold has been on the rise building a text-book upward stepping formation of higher highs and higher lows. The […]

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It seems the pair can’t sustain a bull run beyond 0.9040 today despite the market tone is now favouring the risk-on trade, eroding at the same time part of yesterday’s gains. “Only above .9086 would introduce scope to the 200 day ma at .9200, and the .9228 2013-2014 resistance line”, noted Karen Jones, Head of […]

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It has been an uninspiring Asian session, with no major moves to report ahead of the G-20 meeting this weekend. The AUD/USD made a timid attempt to break through 0.90, however, solid bids parked around 0.8980 coupled with lack of selling conviction, managed to sustain the rate, resulting in a tight 15-20 pips range just […]

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A session of tight ranges in Asia, with light flows ahead of Wednesday's FOMC minutes, which should spice things up. The economic calendar presented no events of significance to move currencies. AUD/USD had a brief drive below the 0.90 level, however, no follow through was observed, leading to a return back above the round number, […]

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USD/JPY edging higher The release of a much weaker than expected print for Japan's Q4 GDP places today's BoJ meeting in a different light. While there is very little expectation of any policy action by the BoJ today, as the data shows the job to boost growth/end deflation is going to be tough especially given […]

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Australian Dollar After opening at a rate of 0.9030 when valued against its US Counterpart yesterday the Australian dollar tumbled during late morning trade following a report which showed the Australian economy shed 3700 jobs in January. Falling well short of what was expected, economist had forecasted a rise in employment of 15 000, instead […]

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The Australian Dollar was the best performer in Asia, while the US Dollar continues to trade under pressure. The Aussie managed to take out stops above the 0.90 handle with traders using better-than-expected Australian business confidence/conditions as the excuse to set the intraday run, first breaking 0.8950 only to accelerate to post the highest level […]

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