Forex News

The USD/CAD has continued its sideways path during European trading Monday, having spanned a modest 27-pip range thus far (1.0271 -1.0298). According to the ICN.com technical analyst team, “The USD/CAD moved to the upside sharply last week and is getting closer to key resistance level of the ascending channel around 1.0339. However, breaching 1.0339 might […]

After rising 600 pips in May from 97.00 in May 1st, the USD/JPY is now trading above the 103.00 level and according to the Rabobank analyst team, the perspective is positive in the long term. "At present the increase in risk appetite in the financial system combined with the aggressive nature of BoJ policy is

New highs to end the week in the US stocks market as investor's confidence was fueled by a better than expected economic data. Impressive rally in Wall Street as stocks extended rally late in day after a good opening. This is the fourth straight week of stock gains with the Dow and S&P in record

Another day and another record high in the US stocks market as investors continues with its bullish sentiment as market took worse than expected economic data as the hope for ongoing central bank stimulus. Google's share jumped above the $900 but Apple declined around 3.35% on the day. The Dow Jones advanced 60.44 points or

The US Bureau of Labor Statistics is scheduled to publish the April consumer price index on Thursday April 16 at 12:30 GMT (8:30 EST). Market expects a 0.2% monthly decline and a slowdown to 1.5% YoY on April. However, RBS' analyst team sees a deeper decline of 0.3% in prices between March and April. "The

The Aussie dollar is prolonging the weekly downside on Wednesday, falling from the boundaries of the parity level on Monday to the current region of 0.9870/75, levels last seen in mid June 2012. After yesterday’s figures of the Federal Budget in Australia, Analyst Adrian Foster at Rabobank, commented, “Australia’s government debt levels are not big

Nomura economist Young Sun Kwon notes that the Bank of Korea (BOK) has unexpectedly cut its policy rates by 25bp to 2.50%. He had previously assigned a 45% likelihood to the BOK being forced to cut rates as political pressure for such a move was building on the BOK. He feels that today's decision suggests

The shared currency briefly pierced the key support at 1.3100 on Monday, after mixed signals from the Spanish economy. In fact, the services sector of the Mediterranean country extended its negative momentum in April, falling to 44.4 from 45.3 in the previous month, while the Unemployment Change surprisingly fell by 46.1K vs. a forecasted increase

The single currency is closing the week in the positive ground for the first time after two consecutive weeks in red, consolidating around the key level at 1.3100 after the US economy created 165K jobs during April, exceeding expectations and previous print. Moving forward to Monday’s docket, Services PMI prints in China and the euro