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Monthly archive May, 2016

Yen weakens, USD recovers some of April losses

US equities closed mixed and with marginal changes yesterday at close. Major equities lacked direction yesterday with no major data due throughout yesterday’s session. The USD is on track to retrace more than 50% of the losses seen in the Read More →

USDCHF – Buy Ahead of US NFP?

Key Points

  • US Dollar managed to move higher vs the Swiss Franc and broke a major resistance Read More →

USD, EUR, JPY, GBP, CHF, AUD, NZD: Weekly Outlook – Morgan Stanley

USD: Near-Term Trend Change. Bullish.

We expect USD to have some upside correction in the next few weeks as currency appreciation in low-yielding countries drive the global risk-off sentiment. Markets have begun realising the costs of a weak USD, Read More →

Yen takes a breather with dollar benefiting from stronger US data

Asian shares were mixed on Thursday in the wake of a reading on China's economy showing growth in the services sector moderated and the US dollar strengthened. China Caixin services purchasing mangers' index (PMI) was published at 51.8 for April, Read More →

EURGBP – Euro Poised For Decline Vs Pound

Key Points

  • Euro climbed vs the British Pound recently, but it found resistance near 0.7950.
  • There was Read More →