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USD/CHF recovery from multi-year lows falters Ani Salama

USD/CHF extended a recovery on Monday and climbed to a peak of 0.9376 during the New York session before losing momentum. The US dollar strengthened across the board, and continued to move away a 2 ½-year low scored last week against the franc, helped by better-than-expected US labor data released last week. Nonfarm payrolls showed US economy added 200K versus 1...

23:23 05 February /2018 Forex

AUD/USD weak near 0.7900 on risk aversion, ahead of RBA Matías Salord

The AUD/USD pair was moving toward Monday’s lows near the end of the US session. The recovery from 0.7889, the lowest since January 12, found resistance at 0.7950 and the pair pulled back toward 0.7900. The latest decline took on the back of a stronger US Dollar amid risk aversion as Wall Street suffers another sell-off. The Dow Jones was losing more than 1,000 points, on a dramatic slide that add...

23:23 05 February /2018 Forex

USD/JPY: Upside to remain limited on risk aversion Matías Salord

The USD/JPY pair found resistance at 110.25, failed to hold above110.00 and dropped to 109.70. The pair is headed toward the first decline after rising during the previous three days, when it recovered from 108.70. In January bottomed at 108.25, the lowest in four months. The yen and the US dollar resumed the upside late during the US session after equity prices ...

23:00 05 February /2018 Forex

WTI falls below $64,00 a barrel Ani Salama

Crude oil prices continued to fall on Monday, as rising US production undermined the prevailing optimism surrounding global supply cut efforts by OPEC, while a stronger US dollar also put pressure on crude prices.West Texas Intermediate crude oil fell to a low of $63.63 a barrel during the American sess...

22:46 05 February /2018 Forex

Gold little changed daily basis, at risk of easing Valeria Bednarik

Spot gold managed to add a couple of bucks on the first day of the week, ending it around $1,334.00 a troy ounce. The metal peaked for the day 1,338.49, but dollar's recovery during US trading hours pulled it down.The bright metal traded sideways in the lower end of Friday's range, as Jerome Powell becomes the new 21:46 05 February /2018 Forex

EUR/USD hovers above 1.2400, Draghi says exchange rate closely monitored Ani Salama

EUR/USD turned lower during the American session and fell  briefly below 1.2400, as the US dollar continues to enjoy some demand following Friday’s jobs report.EUR/USD dropped to a low of 1.2398 on Monday before finding support and recovering somewhat. However, the upside has been capped by the 200-hour SMA around 1.2430, leaving the pair confined to a narrow ra...

21:46 05 February /2018 Forex

GBP/USD on back-foot, but holding in positive territory on daily sticks Ross J Burland

With the dollar in the back foot, as we progress through NY, GBP/USD has made fresh recovery highs and is now currently, GBP/USD is trading at 1.4026, down -0.67% on the day, having posted a daily high at 1.4152 and low at 1.3987. GBP/USD has been on the backfoot all day after the UK's Jan service PMI miss at 09.30GMT that came in at 53.0 vs 54.0 21:23 05 February /2018 Forex

What to expect from the RBNZ this week? - Westpac Ross J Burland

Analysts at Westpac explained that the RBNZ is not expected to ruffle NZ interest rate markets too much this week.Key Quotes:"Guidance in Thursday’s MPS likely to be a repeat of November’s, saying they are well and truly on hold." "It’s NZD FX markets which should be poised for a warning shot across the high Kiwi. NZ 20:46 05 February /2018 Forex

USD/CAD keeps rising and tests 1.2500 Matías Salord

The USD/CAD pair rose further on the back of a stronger US dollar and a slide in crude oil prices. The loonie is among the worst performers of the day. The greenback accelerated to the upside, after the release of US data. The US ISM non-manufacturing came in at 59.9, surpassing expectations of a reading at 56.6. Regarding details, the new orders compo...

20:46 05 February /2018 Forex

AUD/USD: consolidates between 0.7960 / 0.7891 awaiting key events Ross J Burland

AUD/USD has been lifted by supply in the greenback as we progress through the US day. Currently, AUD/USD is trading at 0.7925, down -0.03% on the day, having posted a daily high at 0.7956 and low at 0.7891.RBA in focusAUD/USD has been supported on dips on the back of higher metal prices in London with LME copper +1%. However, the rec...

20:23 05 February /2018 Forex

GBP/USD clings to 1.4000, for now Ani Salama

GBP/USD managed to regain a few pips and is holding up above the 1.40 mark, after testing levels below for first time in nearly a week.The dollar gathered momentum on Monday and advanced versus most rivals, dragging Cable to a low of  1.3986 at the beginning of the New York session. GBP/USD however, managed to climb back above 1.4000, although the bounce was cap...

20:00 05 February /2018 Forex

Will the US government shut again? - BBH Ross J Burland

Analysts at Brown Brothers Harriman noted that the short-term solution reached last month to extend the US federal government's funding expires on Thursday, February 8 and suggests what to watch.Key Quotes:"Leaders from both parties say they want to avoid another partial closur...

19:46 05 February /2018 Forex

Draghi Speech: appearing before EU parliament in Strasbourg Ross J Burland

Mario Draghi, President of the ECB, appearing before the EU parliament in Strasbourg: "Statement of the President of the ECB on the Draft Resolution of the European Parliament concerning the ECB Annual Report 2016 in the European Parliament Plenary in Strasbourg, France". He has been hawkish here but th...

19:23 05 February /2018 Forex

USD/JPY rises back above 110.00, still limited by the 20-SMA Matías Salord

The USD/JPY pair received an impulse from US data and a recovery in US equity markets. It rose back above 110.00 erasing daily losses. The greenback was rising in the market and accelerated after the release of data. The US ISM non-manufacturing came in above expectations, reaching in January 59.9 (vs 56.6).“The services sector is growing at a rapid clip: the sco...

19:23 05 February /2018 Forex

Central Bank watch - UOB Ross J Burland

Analysts at UOB Group highlighted key events surrounding the Central Banks.Key Quotes:"San Francisco Fed President Williams (voter) said the US economy is performing as expected and has not shifted gears. Overall, he thinks three or four rate hikes for 2018 would be reasonable and would be data dependent. Dallas Fed President Kaplan ...

19:00 05 February /2018 Forex

EUR/GBP: rally consolidates above key technical levels, more to go? Ross J Burland

EUR/GBP's rally has stalled although the technical picture has turned highly bullish with 4hr RSI on the brink of overbought territory with price above key moving averages the same time frame. Currently, EUR/GBP is trading at 0.8855, up 0.35% on the day, having posted a daily high at 0.8874 and low at 0.8810.Sterling under pressure on busy week aheadOn a busy week ahead for UK mar...

18:46 05 February /2018 Forex

EUR/USD finds good support near 1.2400 Pablo Piovano

After dropping to fresh lows in the 1.2400 neighbourhood, EUR/USD seems to have found some dip-buyers and is now looking to regain the 1.2420 area.EUR/USD offered on stronger USDThe continuation of the bid fashion surrounding the buck has forced the pair to recede towards t...

18:46 05 February /2018 Forex

GBP/USD: 1.3983 holding up, so far, headed to 1.3600? - Scotiabank Ross J Burland

Analysts at Scotiabank noted the techncials around GBP/USD.Key Quotes:"GBP/USD has struggled to extend gains through the upper 1.42 area in the past two weeks and now looks prone to a test of key support (late Jan low) at 1.3983. Short-term price trends look negative and a push under support in the upper 1.39s suggests the risk of weakness extend...

18:23 05 February /2018 Forex

Fed’s Powell: will support price stability, continued growth Haresh Menghani

After being sworn in as the Chairman of Fed Board of Governors, Jerome H. Powell, in a video statement, said that the central bank will stay vigilant on financial stability and will support price stability, continued growth. Additional headlines:   •  US financial stability is ‘far stronger & resilient’
   •  Notes Fed's non-...

17:46 05 February /2018 Forex

USD/CHF jumps to fresh session tops, closer to mid-0.9300s Haresh Menghani

   •  Reviving USD demand helps build on post-NFP rebound. 
   •  Risk-off mood/softer US bond yields do little to dampen sentiment.The USD/CHF pair quickly reversed an early dip to sub-0.9300 level and is currently placed at session tops, over 40-pips above session lows. After an initial wobble, th...

17:46 05 February /2018 Forex