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Monthly archive May, 2016

USD marking fresh highs on the back of strong data

US Dollar marked a fresh 8-week high yesterday, as the greenback celebrated some better than expected US New Home Sales Data and US Dollar index (DXY) reached daily highs of 95.66. The home sales data, which was relative to April, Read More →

GBPCHF – Can British Pound Buyers Break This?

Key Points

  • The British Pound traded higher vs the Swiss franc, and the daily chart of GBPCHF Read More →

Daily Report on May 24, 2016

Further to comments from FOMC officials yesterday, the US dollar currently is extending its uptrend after moving languidly over the last two trading sessions. At the Official Monetary and Financial Institution Forum in Beijing, James Bullard, President of St. Louis Read More →

USD Risk-Reward: Fade Gains Vs EUR & JPY – BNPP

The adjustment so far in US rate expectations has come with relatively minor consequence for global financial markets, with the USD firming moderately versus the lower yielding currencies, the S&P holding relatively steady and crude prices remaining in a relatively Read More →

Gold lower on higher Fed rate hike prospects

The yen stayed below 110 to the US dollar and held on to its gains against its major rivals on Tuesday, supported up by investors' risk aversion and receding expectations that Japan will weaken the currency after a fresh warning Read More →