Blogs

<p>For the 24 hours to 23:00 GMT, the GBP declined 4.76% against the USD and closed at 1.2408. On the data front, UK&#8217;s gross domestic product (GDP) remained flat on a quarterly basis in the fourth quarter of 2019, in line with market forecast and compared to a rise of 0.4% in the previous quarter. […]

<p>For the 24 hours to 23:00 GMT, the USD declined 2.26% against the JPY and closed at 107.66. On the data front, Japan’s construction orders unexpectedly rose 0.7% on a yearly basis in February, defying market expectations for a decline of 0.7% and compared to a plunge of 17.0% in the prior month. Additionally, the […]

<p>For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CHF and closed at 0.9616. In Switzerland, real retail sales unexpectedly rose 0.3% on a yearly basis in February, confounding market expectations for a drop of 0.7% and compared to a revised flat reading in the prior month. In the Asian session, […]

<p>For the 24 hours to 23:00 GMT, the USD rose 7.91% against the CAD and closed at 1.4074. On the data front, Canada’s gross domestic product (GDP) advanced 0.1% on a monthly basis in January, in line with market expectations. In the prior month, the GDP had recorded a rise of 0.3%. In the Asian […]

<p>For the 24 hours to 23:00 GMT, the AUD declined 11.24% against the USD and closed at 0.6128. LME Copper prices rose 0.7% or $34.0/MT to $4,797.0/MT. Aluminium prices declined 0.4% or $6.0/MT to $1,489.0/MT. In the Asian session, at GMT0300, the pair is trading at 0.6130, with the AUD trading slightly higher against the […]

<p>For the 24 hours to 23:00 GMT, Gold declined 3.33% against the USD and closed at USD1584.50 per ounce, as strength in the US Dollar and robust Chinese economic data boosted investors’ risk appetite. In the Asian session, at GMT0300, the pair is trading at 1595.60, with gold trading 0.70% higher against the USD from […]

GBP/USD Wednesday’s four-hour chart is showing upside momentum is lost. Yohay Elam, an analyst at FXStreet, takes a look at the worsened technical pic

The base case for the EUR/SEK pair is trading north of 11.00, in the opinion of analysts at Danske Bank. Key quotes “The combination of relatively poo

Spanish Economy Minister Nadia Calvino said on Wednesday, the government doesn't have liquidity or financing problems despite the coronavirus crisis.

USD/JPY may enter a near term rangebound, consolidation mood in the coming sessions, with the pair corridors between 107.00 and 109.00, OCBC Bank’s st