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By our own admission, we’ve just about run out of zany rhymes for the “Great Taper Caper” to describe the Federal Reserve’s ongoing threat to slow the growth of its monstrosity...
EUR/USD has posted modest losses on Tuesday, continuing the downward trend which started on Monday. In Tuesday’s North American session, the pair is trading in the high-1.34 range. After a...
The European session picked up pace after a quiet Asian session on Tuesday. There was a wave of USD buying across most currency pairs in a risk averse environment and the safe haven yen was bought as...
USD/CAD has edged higher in Tuesday trading, as the pair trades at the 1.03 line in the European session. In economic news, both Canada and the US will release major events later in the day. Canada...
With Fed's tapering of its QE programme postponed - now not likely until December in our view - the FX market has made a turn for a weaker USD. While the near-term support to USD has certainly waned...
EUR/USDCurrent level - 1.3509The consolidation pattern below 1.3568 is still underway and although there is risk of tighter test above 1.3450 major support, the overall bias is bullish, for a rise...
September started very well for the AUD/USD. At the beginning of the month the price managed to break the downtrend line (red) which led to the next opportunity of breaking two resistance areas at the...
The Australian dollar is trading fairly quietly in Tuesday trading. In the European session, the pair is trading in the high-0.93 range. In economic news, today’s key release is US CB Consumer...
The picture across markets is mixed, to say the least, now that we’ve completed three trading days since last week’s shock Fed non-taper. Many markets, including some of the major equity...
Market Drivers for September 24, 2013IFO misses slightly, but expectations upUK BBA mortgages 38.2K vs. 38.6K -highest since 2009Nikkei -0.67% Europe 0.25%Oil $103/bblGold $1318/oz.Europe and Asia:EUR...
A dull start to the FX markets this week following last week’s taper debacle. A bearish Fed Chairman, along with FOMC members Lockhart, Fisher and Dudley are not deviating far from the Fed...
The USD/JPY continues to flirt with the 99 line in Tuesday’s European session. In economic news, the Japanese markets are back in action, but there is just one release on the schedule –...
The US dollar is generally firm, though gains against the antipodeans and sterling are somewhat larger. These were the currencies that had been the strongest last week and stalling of upside momentum,...
The EUR/JPY came down yesterday and hit 133.09. This was lower than we expected it to come, but we did hold above the short term 61.8 fibonacci at 133.04 and we have bounced this morning. We need to...
Last week, the U.S. Federal Reserve surprised financial market pundits all around the world. While a median result of analysts expected Ben Bernanke to announce that the Fed would reduce bond...