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USD nurses its Thursday losses looks ahead to NFP for more direction

Major US equities closed the month of August on a positive note yesterday. The mood in Asia remained mostly positive as well although gains at the time of writing were less decisive. The major drivers behind sentiment were; comments by Read More →

AUDUSD – Can Aussie Dollar Retest 0.7990 Vs US Dollar?

Key Points

  • The Aussie Dollar made a nice upside move and traded above 0.7900 against the US Dollar.
  • Before the mentioned recovery, the AUDUSD pair broke a bullish trend line with support at 0.7950 on the hourly chart.
  • Today in Read More →

GBPJPY – British Pound Remains In Uptrend Vs Japanese Yen

Key Points

  • The British Pound made a downside move from the 142.90 high against the Japanese Yen, but remains supported.
  • There is a crucial bullish trend line forming with support at 142.00 on the hourly chart of the GBPJPY pair.
  • Read More →

NZD: A ‘Fading Star’; What’s The Trade? – ANZ

ANZ FX Strategy Research favors fading NZD strength from here arguing that the good news story is already well factored in at current elevated levels, and prefers to express that vs AUD.

"We have a mildly negative bias Read More →

EURJPY – Euro In Bullish Trend Above 130.90 Vs Japanese Yen

Key Points

  • The Euro climbed higher and traded above the 131.00 level against the Japanese Yen.
  • There is a crucial bullish trend line forming with support at 130.90 on the hourly chart of the EURJPY pair.
  • Today in Japan, the Read More →