Berita Forex

Berita Forex

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EUR/USD ends the week near 2016 lows after ECB Ani Salama

  EUR/USD pulled back sharply from weekly highs and is on track to close the day near 2016 lows in the wake of European Central Bank decision to extend its...

23:23 09 December /2016 Forex

Fed preview: The second rate hike is coming - Commerzbank Ani Salama

The Fed will most probably increase the Fed funds target range by 25 basis points at its meeting next week, according to Bernd Weidensteiner, analyst at Commerzbank. The financial markets should quickly tick this off and turn to the medium-term outlook.  Fiscal policy will play a major role in determining the scale and pace of further rate moves the analyst noted and added that the economic policy...

22:46 09 December /2016 Forex

EUR/USD retains a weak undertone - Scotiabank Ani Salama

  Heavy losses yesterday and no real bounce into the end of the week suggest that EUR/USD may be on the cusp of another biggish shunt lower, said the Scotiabank analyst team.Key Quotes“EURUSD retains a weak undertone after yesterday’s sharp ...

20:46 09 December /2016 Forex

ECB: The beginning of the end of QE? - Commerzbank Ani Salama

  The ECB is extending its bond purchases by nine months, but reducing the monthly purchase volume from €80bn to €60 bn. Most economists, were expecting the ECB to extend its bond purchases by six months to September 2017 and to stick to the monthly purchase volume of €80bn, according to Dr Jörg Krämer, analy...

20:23 09 December /2016 Forex

USD/JPY hovers near 10-month highs Ani Salama

The yen is among the worst performers in an environment of broad USD strength in the wake of ECB decision.USD/JPY broke above the 115.00 level on Friday, extending gains into a second straight day, and reached a 10-day peak of 115.26. At time of writing, t...

19:46 09 December /2016 Forex

US Dollar in highs near 101.70 post-data

The US Dollar Index – which gauges the buck vs. its main rivals – continues to push higher on Friday, testing fresh tops near 101.70 following upbeat US data.US Dollar bid after dataThe index met further upside pressure after  the advanced print of the Reuters/Michigan index showed US Consumer Sentiment is expected to ri...

18:46 09 December /2016 Forex

USD/CAD bearish near-term – Scotiabank Pablo Piovano

FX Strategists at Scotiabank noted the pair’s outlook remains on the bearish side in the short-term.Key Quotes“US-Canada rate spreads are at levels which were associated with spot nearer 1.40 earlier this year. We still view USDCAD as fundamentally undervalued in respect of these factors. That undervaluation extends to almost 3 big figures (or fully one standard deviation) from es...

18:23 09 December /2016 Forex

DXY inter-markets: scope for a test of 102.00 Pablo Piovano

The US Dollar Index – which tracks the buck vs. its main rivals – has reverted the negative mood that has been prevailing during the first half of the week, managing to retake and advance well above the 101.00 mark for the time being.The bullish outlook on the buck remains intact and well underpinned by expectations of further tightening...

18:01 09 December /2016 Forex

USD/CHF inching closer to 1.0200 handle

After consolidating Thursday's sharp up-surge for majority of the European trading session, the USD/CHF pair gained fresh traction and has now jumped to fresh weekly high.Currently trading around 1.0190 region, the pair is fast approaching 1.0200 round figure mark, multi-month high touched in the previous week. Investors continue to build on thei...

17:46 09 December /2016 Forex

EUR/USD remains weak below 1.0600

The single currency remains entrenched in the negative territory at the end of the week, with EUR/USD hovering over the 1.0570 area after briefly testing lows near 1.0550.EUR/USD focus on US dataThe pair keeps its bearish note intact today, returning to the area below the 1.0600 handle as spot remains under heavy pressure followi...

17:46 09 December /2016 Forex

GBP/USD turns back below 1.2600 handle Haresh Menghani

The GBP/USD pair struggled to gain further traction and reversed all of its better-than-expected UK data-led tepid gains to session peak level of 1.2620. Currently trading with mild negative bias, around 1.2575 region, renewed US Dollar strength has been the key factor contributing to t...

17:23 09 December /2016 Forex

AUD/USD again rejected near 0.75 mark amid resurgent USD strength

A fresh bout of US Dollar buying interest has emerged in the past couple of hours, with the AUD/USD pair reversing all of its early gains and is now headed back towards the lower end of daily trading range.Currently trading around 0.7460-70 region, the pair failed to build on to its rec...

16:46 09 December /2016 Forex

US growth is likely to moderate in the December quarter - NAB Sandeep Kanihama

Tony Kelly, Senior Economist at NAB, notes that the US economy remains on a solid footing, although growth is likely to moderate in the December quarter.Key Quotes“After the large fall in the unemployment rate in November, the Fed looks set to raise the feds fund rate this month. We have incorporated an allowance for fiscal stimulus starting in the second half of 2017, leading to ...

16:46 09 December /2016 Forex

USD/JPY stuck within 111.50/115.00 – UOB Pablo Piovano

USD/JPY is expected to remain within a consolidative theme between 111.50 and 115.00 in the next 1-3 weeks.Key Quotes“While the 113.10 support indicated yesterday held as expected (low of 113.11), the subsequent sharp rally from the low came as a surprise. The up-move appears to have enough momentum to extend higher but a move a...

16:23 09 December /2016 Forex

EUR/USD selling pressure intensifies, hits fresh session low

The shared currency came under renewed selling pressure, with the EUR/USD pair accelerating its downslide to hit a fresh session low near mid-1.0500s.Thursday's surprisingly dovish decision by the ECB, to taper its month bond purchase program to €60 billion per month and extend QE until December 2017, continues to undermine the shared currency. O...

16:00 09 December /2016 Forex

Gold challenges lows near $1,160/oz Pablo Piovano

The ounce troy of the precious metal keeps losing ground on Friday, hovering over $1,165 and paving the way for a potential test of recent lows in sub-$1,160 levels.Gold lower on USD reboundBullion keeps its bearish note for the second session in a row today, challenging Monday’s troughs in the sub-$1,160 level amidst a solid pick up in the demand for the greenbac...

16:00 09 December /2016 Forex

GBP/USD within a consolidative range – UOB Pablo Piovano

FX Strategists at UOB Group noted Cable is expected to navigate a 1.2480/1.2750 range in the near term.Key Quotes“Against our expectation, GBP moved above the strong 1.2670 resistance (high of 1.2701) before dropping sharply to hit 1.2548. The undertone is still weak and further downmove towards 1.2530 seems like...

15:46 09 December /2016 Forex

Japanese yen set to weaken in 2017 - Natixis Sandeep Kanihama

Nordine Naam, Research Analyst at Natixis, notes that the Japanese yen has been extremely volatile in 2016, appreciating sharply until September in reaction to heightened global risks - including the emerging crisis in January-February and Brexit in June - and to the Federal Reserve’s cautious stance, which weighed on the US dollar.Key Quotes“Since then, however, the US dollar has...

15:46 09 December /2016 Forex

USD/JPY surge through 115.00 handle for the first time since Feb. Haresh Menghani

The greenback continues to gain traction, with the USD/JPY pair breaking through its recent consolidative phase and surge past 115.00 psychological mark to touch the highest level since Feb. 10.Growing expectations of a faster Fed rate-tightening cycle, beyond December meeting, continues to underpin the

15:46 09 December /2016 Forex

WTI extends the upside above $51.00 Pablo Piovano

Crude oil prices are prolonging the upside momentum on Friday, lifting the West Texas Intermediate to the mid-$51.00s per barrel, or daily highs.WTI looks to data, OPECPrices for the WTI are advancing for the second consecutive session so far today, up nearly $2 since Thursday’s lows in the $49.60 area and always supported by rising hopes on a positive outcome fro...

15:23 09 December /2016 Forex