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24

EUR/USD comes to test 1.1300 post-US data

The single currency is shedding some pips following the release of US data today, prompting EUR/USD to return to the 1.1300 neighbourhood.EUR/USD gains capped near 1.1340The pair left the area of daily highs near 1.1340 after Americans that filed in their first initial claim for regular state unemployment-insurance benefits...

15:46 18 August /2016 Forex

AUD/USD extends its rangebound theme near term – UOB Pablo Piovano

The research team at UOB Group expects AUD/USD to extends its consolidative pattern for the next 1-3 weeks.Key Quotes“Instead of trading sideways as expected, AUD broke the 0.7660 support and dropped to a low of 0.7608. The rapid and strong rebound from the low suggests that AUD is trying t...

15:46 18 August /2016 Forex

AUD/USD once again fails to sustain its strength above 0.7700 handle Haresh Menghani

The AUD/USD pair trimmed some of its better-than-expected employment growth led strong gains to 0.7723 and is currently trading back below 0.7700 handle around 0.7680 region.Despite of a well-offered tone around the greenback, the pair has once again failed to build on to its early gains beyond 0.7700...

15:23 18 August /2016 Forex

EUR/USD edges higher near 1.1340, Fedspeak eyed Pablo Piovano

The buying pressure around the common currency remains well and sound today, with EUR/USD now testing daily highs near 1.1340.EUR/USD attention to US data, FedspeakSpot is advancing for the fifth consecutive session so far today, propped up by the continuation of the offered tone in the greenback, ...

15:00 18 August /2016 Forex

EUR/USD eyes 1.14-1.15 in the short term – Westpac Pablo Piovano

Macro Strategist at Westpac Tim Riddell sees the pair testing the 1.14-1.15 area in the near term.Key QuotesEUR is likely to remain well supported by data for core Europe and underscore the region’s trade surplus advantage”.“The recent ZEW survey showed a sound rebound in expectations, after its Brexit induced fall. The solid current conditions imply little impac...

15:00 18 August /2016 Forex

USD/CHF well offered below 0.9600 handle ahead of US data

Having posted a daily high at 0.9629, the USD/CHF pair remained well offered below 0.9600 handle and is currently hovering around 8-week low around 0.9575-80 band.After failing to hold a short-term ascending trend-line support near 0.9600 region, and a subsequent drop to nearly 2-month lows, the pair has failed to re...

14:46 18 August /2016 Forex

USD/RUB extends the breach of 64.00

The greenback continues to lose ground vs. its peers on Thursday, now sending USD/RUB to the 63.60 area, just above session lows.USD/RUB lower on USD selling, Brent recoverySpot has resumed its bearish trend today, quickly leaving behind yesterday’s gains and briefly testing fresh 4-week lows in the 63.45/4...

14:23 18 August /2016 Forex

AUD/USD inter-market: stages solid comeback, will it sustain? Dhwani Mehta

AUD/USD staged a solid comeback on Thursday, rebounding sharply from just ahead of 0.76 handle. The Aussie remains strongly bids, although eased of highs as the bulls consolidate the latest leg higher near 0.77 handle ahead of the US datasets due for release in the NA session.The strong recovery in t...

14:23 18 August /2016 Forex

USD/CAD bounces-off 128.00 handle, still weak for ninth straight session Haresh Menghani

A mild retracement in crude oil prices from monthly high assisted the USD/CAD pair to witness a tepid bounce from a fresh 8-week low. Currently hovering around 1.2830 region, the pair traded with negative bias for ninth consecutive session and remains within striking distance of breaking through 1.2800 round figure m...

14:23 18 August /2016 Forex

GBP/USD: Bulls cheer strong UK retail trade, 1.3200 eyed?

The GBP/USD pair is extending upbeat UK retail sales data inspired gains in the European session, now aiming for a break above 1.32 handle ahead of the US economic releases.GBP/USD storms through 20-DMA and beyondCurrently, GBP/USD rallies +0.95% to 1.3165, having posted fresh nine-day highs at 1.317...

13:46 18 August /2016 Forex

DXY inter-markets: scope for further downside

The greenback continues to suffer the increasing downside pressure that emerged after the rejection from July tops in the 97.60 region, testing fresh 2-month lows around 94.40 and eroding at the same time the key support trendline off 2016 low at 91.88 recorded in early May.Yesterday’s FOMC minutes have matched prior estimates pointing to a dovish tone after the Committee reinforced its ‘wait-and-...

13:46 18 August /2016 Forex

GBP/JPY digesting stellar UK retail sales-led gains to 132.00 handle

Having posted a daily low at 130.00 psychological mark, the GBP/JPY cross spiked through 132.00 mark following stellar UK retail sales data. The pair, however, has retraced from session high level of 132.26 and is currently hovering around 132.00 handle.The British Pound caught up strong buying intere...

13:46 18 August /2016 Forex

EUR/CHF could reach 1.13 in a year’s view – Danske Bank

Jens Pedersen, Senior Analyst at Danske Bank, has noted the SNB remains well active in the FX markets, while sees EUR/CHF around 1.13 in a 12-m view.Key Quotes“The Swiss National Bank (SNB) has continued to intervene substantially in the FX market post the Brexit vote in order to curb CHF appreciation pressure. The SNB’s currency reserve rose to a record high in July at CHF615.4bn...

13:46 18 August /2016 Forex

Saudi June crude output up by 280k bpd (mom) to 10.550m bpd – JODI via RTRS Dhwani Mehta

The Joint Organisations Data Initiative (JODI) published the latest data on Saudi’s oil fundamentals, Reuters reported earlier on the day.Key Details: Saudi June crude output up by 280k bpd (mom) to 10.550m bpdCrude stocks rose 270k bbls to 289.445m bpdSaudi June direct crude burn rose to 704k bpd, up 44k bpd -dom. refinery crude throughput up 12k bpd to 2.381m bpdSaudi June crude...

13:46 18 August /2016 Forex

USD/CAD sell the uptick to 1.32 if seen – Westpac Pablo Piovano

Sean Callow, Senior Currency Strategist at Westpac, has recommended selling the pair on bullish attempts to the 1.3200 handle.Key Quotes“The upswing in crude oil prices so far in August combines with broad pressure on USD to reinforce CAD gains. USD/CAD 1.32 looks like an appealing sell zone if we see it ag...

13:46 18 August /2016 Forex

Moody's: Brexit would increase resolution risks for European covered bonds Dhwani Mehta

In its latest review on the impact of Brexit on the European bonds, the US ratings agency, Moody’s Investor Service, noted that Brexit is likely to increase resolution risks for non-UK European covered bonds.Key Quotes:“Brexit would raise the prospect that resolution measures for European covered bonds may be challenged”“Unless the UK and the EU enter into new arr...

13:00 18 August /2016 Forex

USD/JPY: Bulls face rejection at daily pivot, despite risk-on Dhwani Mehta

The renewed rally in the USD/JPY lost steam just shy of 100.50 levels, sending the rate slightly lower amid persistent broad based US dollar selling.USD/JPY reverts towards 100 barrierHaving bottomed out at 99.75 ahead of European open, the USD/JPY pair took on the recovery back beyond 100 handle, on...

12:46 18 August /2016 Forex

DXY could re-test 93.00 – Westpac Pablo Piovano

According to Tim Riddell, Macro Strategist at Westpac, the greenback – tracked by the US Dollar Index – remains poised for another test of the 93.00 handle.Key Quotes“A clear division of FOMC member views in July and distinct polarisation of recent Fed speakers towards the likelihood or not of rate...

12:46 18 August /2016 Forex

GBP/USD scope for a test of 1.3170 – UOB Pablo Piovano

The research team at UOB Group suggested GBP/USD could reach the 1.3170 area in the next weeks.Key QuotesGBP spiked to a high of 1.3087 after the release of FOMC minutes but the up-move was not sustained. Despite the rapid pull-back, the undertone is still positive”.“The outlook for GBP sh...

12:46 18 August /2016 Forex

USD/JPY attention shifted to 99.89/99.00 – Commerzbank Pablo Piovano

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair has now shifted its focus to the 99.89 and 99.00 levels.Key QuotesUSD/JPY remains on the defensive following the erosion of the 78.6% retracement and the focus is now on the 99.89 2012-2016 support line and 99.00 24th July low...

12:46 18 August /2016 Forex