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ECB™s QE tapering unlikely “ Rabobank

FXStreet (Edinburgh) - Strategist at Rabobank Elwin de Groot does not expect the ECB QE programme to end before September 2016.

Key Quotes

œWith spare capacity still at significant levels, the eurozone economy still looking susceptible to various downsid...

21:00 03 July /2015 Forex

GBP/JPY extends correction

FXStreet (Córdoba) - The pound weakened in the market after European markets close and extended losses versus the yen. GBP/JPY broke below 191.70 and dropped to 190.88, hitting the lowest levels since June 11.


21:00 03 July /2015 Forex

EUR/JPY: Traders favour Yen ahead of Greek referendum

FXStreet (Guatemala) - EUR/JPY is currently trading at 136.10 with a high of 136.85 and a low of 136.02.

EUR/JPY is ending the week in the hands of the bears as we await the Greek referen...

20:23 03 July /2015 Forex

GBP/USD sinks to 1.5570

FXStreet (Edinburgh) - A sudden bout of selling interest around the sterling has dragged GBP/USD to session lows in the 1.5570 area.

GBP/USD closer to weekly lows

The pair is trading at shoutin...

20:23 03 July /2015 Forex

BoE Policy Meeting Preview - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank note that Martin Weale has dusted off his hawkish colours and hinted that he may be prepared to vote in favour of a BoE rate hike in August.

Key Quotes:

"These remarks come after the release of stronger than e...

20:23 03 July /2015 Forex

EUR/JPY: Bears look for 133.10, bulls seek 139.50 - CB

FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank noted that EUR/JPY charted another inside day to leave the view unchanged.

Key Quotes:

"It conti...

20:00 03 July /2015 Forex

EUR/USD awaits steady the Greek referendum

FXStreet (Córdoba) - EUR/USD remains steady on Friday, on a low volume session as Wall Street is closed and ahead of the Greek referendum to be held on Sunday. The pair is hovering around 1.1100, 50 pips b...

19:46 03 July /2015 Forex

EUR/GBP steady before the Greek referendum

FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7109 with a high of 0.7119 and a low of 0.7096.

EUR/GBP has been moving in three moves, bid, offered and bid again into a drift to close the...

19:23 03 July /2015 Forex

USD/CHF falls for the second day in a row

FXStreet (Córdoba) - The Swiss franc gained momentum on a quiet Friday and climbed in the market during the American session. USD/CHF fell from a daily high at 0.9441 and bottomed at 0.9400.


19:00 03 July /2015 Forex

EUR/GBP: Watch for failures below 0.6985 - CB

FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank explained that EUR/GBP held steady yesterday and they continue to look for recovery but offer caution on dips below 0.6985.

19:00 03 July /2015 Forex

GBP/JPY closes below key support

FXStreet (Barcelona) - GBP/JPY closes below key support

18:46 03 July /2015 Forex

AUD/USD posts 52 week low

FXStreet (Barcelona) - AUD/USD has posted a fresh 52-week low.

AUD/USD is trading at it lowest level in 52 weeks, having pierced the psychological barrier on a 4-hour basis.

18:46 03 July /2015 Forex

AUD/USD: medium-term target at 0.72 “ Lloyds Bank

FXStreet (Barcelona) - FX Strategists at Lloyds Bank, remain AUD/USD bears, targeting 0.7200 levels.

Key Quotes

œCommodity currencies remain under pressure. With retail sales in Australia this morning coming out weaker than expected and a new slump in iron or...

18:46 03 July /2015 Forex

Going long NOK/SEK “ BNPP

FXStreet (Barcelona) - Michael Sneyd of BNP Paribas, maintains a long position on NOK/SEK, targeting 1.0950.

Key Quotes

œDespite the relative dataflow from Sweden and Norway, several of our metrics indicate that the decline of NOKSEK has been too extreme and the pair has scope to re...

18:23 03 July /2015 Forex

Latest Greek referendum poll shows close contest between Yes and No vote

FXStreet (Mumbai) - As per Reuters reports, the latest Greek poll report from AVGI news shows the referendum outcome highly unpredictable.

Yes vote stands at 42.5%, while No vote stands at 43.0%, an extremely close contest. Undecided stand at 9.0%. The late...

18:23 03 July /2015 Forex

BoC policy rates: July rate cut cannot be ruled out “ RBS

FXStreet (Barcelona) - Brian Daingerfield, FX Trading Strategist at RBS, notes that the soft GDP data out of Canada has led the markets to price in a 40% chance of easing in the BoC™s July meeting.

Key Quotes

œMonthly GDP in April was softer-than-expe...

18:23 03 July /2015 Forex

EU may push for Greek aid deal even if vote is a no - Bloomberg

FXStreet (Mumbai) - As per Bloomberg reports, the European Union (EU) may push for a Greek aid deal even if the Sunday™s referendum results in a majority for ˜No™ vote.

However, Germany™s Schaeuble told to the German newspaper BILD that Greece must deliver reforms to ...

17:23 03 July /2015 Forex

DXY flat lined, clings to 96.00

FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main competitors, is trading almost unchanged on Friday, hovering over the key 96.00 handle.

DXY capped near 96.50

17:23 03 July /2015 Forex

Fed might delay the first rate hike to Q4 2015 “ Rabobank

FXStreet (Barcelona) - Philip Marey, Senior US Strategist at Rabobank, offers the outlook for US rates, expressing doubts on a September rate hike and maintaining a Q4 2015 call for the rate normalization to begin.

Key Quotes

œThe Fed™s preferred meas...

17:23 03 July /2015 Forex

EUR/JPY seen at 132.00 in medium term “ Rabobank

FXStreet (Edinburgh) - According to Jane Foley, Senior Currency Strategist at Rabobank, the bearish tone in the cross could drag it to the area of 132.00 in the medium term.

Key Quotes

œHistorically the JPY, along with the CHF, has been a favoured safe haven....

17:23 03 July /2015 Forex

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