Cable extended gains from the previous session and climbed higher to fresh weekly highs in the late-Asian session as traders await first official estimate of UK GDP for the fourth quarter due for release later today. The GBP/USD pair traded at 1.5102 levels, recording 0.18% gain on the day, having previously posted fresh one week […]

Read More

The Japanese Yen and the British Pound were the worst performing currencies during Asian hours, with the US Dollar finding solid bids across the board, in a session with an upbeat Chinese growth report and IMF cutting global growth forecast dominated the headlines. AUD/USD saw offers absorbing bids from the get go, with a test […]

Read More

The Euro once again came under further pressure following the fallout from Thursday’s move by the SNB. A steep slide to new multi year lows at 1.1460 was seen, amidst general US$ strength, although this later evaporated and the Euro managed to make up some of its lost ground and recovered 100 pips to finish […]

Read More

Copper futures on Comex dives deeper in to red in the Asian morning, and posted a new five and a half year low at 2.434 levels as investors turned away from riskier assets amid global markets turmoil. The red metal trades now at USD 2.489/ pound, down -4.39% on the day, having posted fresh five […]

Read More

While the Asian session appeared to shape up as one dominated by Yen strength, a strong recovery by the Nikkei 225, with traders returning from a long weekend, ultimately leading to impressive late USD demand. USD/JPY traded very heavily, with stop loss sell orders being triggered below 118.20, with more stops going off below 118.00, […]

Read More

Australian Dollar: The Australian Dollar opens stronger this morning on the back of mixed US labour market data. The much anticipated US non-farm payroll report failed to disappoint investors as the economy added an impressive 252K new jobs throughout December while the unemployment rate fell to new lows at 5.6%. However in delving deeper wage […]

Read More

Rabobank has revised lower their 12 mth forecast for EUR/USD to 1.15 on renewed political uncertainties in Greece and ECB QE expectations. “Yesterday we revised lower our 12 mth forecast for EUR/USD to 1.15 on the back of renewed political uncertainties stemming from Greece and given the recent step up in dovish rhetoric from ECB […]

Read More

“Today’s only major release is German CPI, which is expected at 0.2% MoM and the same YoY, underlining how even the strongest European economy is now teetering on the edge of at least a period of disinflation. In the US, the Fed’s Williams is also on a panel talking about housing”. “The rest of the […]

Read More