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US Dollar Firmer-Durable Goods Data Due

The US dollar started the New York sessions with modest gains compared to Friday’s close.  That wasn’t the case in Asia where several markets were closed for holidays. USDJPY inched higher to start the day and then accelerated in Europe, rising from a low of 111.15 to 111.70. A rise in Asia equity indices an... View article >
Posted on 26 June 2017 | 12:21 pm GMT
Author: Agility Forex

Euro Tumbles as Italy Bails out Two More Banks

Sterling GBP/USD 1 Week Chart The Pound (GBP) rose against the majority of its peers at the start of this week’s trading session following news that Theresa May was close to finalising a deal with the DUP to support a minority government. Markets are hopeful that the deal will help to stabilise May’s minority government... View article >
Posted on 26 June 2017 | 9:26 am GMT
Author: TorFX

Philippine Peso Jumps on Profit Taking and Reduction in US Rate Expectations

The Philippine peso jumped against the US dollar on Friday, forming a strong reversal signal away from the 50.50 level which has kept the USD/PHP exchange rate contained since February. USD/PHP had opened at 50.38 on the week’s final day but fell in each of the Asia, Europe and US sessions to end the week... View article >
Posted on 26 June 2017 | 4:21 am GMT
Author: Joel Wright

Sterling Set for Significant Fall, Says Experienced Investment Advisor

In an interview with CNBC journalists on Thursday, Beat Wittmann of Porta Advisors – a man with more than 30 years of investment experience, including time spent at UBS, Credit Suisse and Julius Baer – expressed his belief that the British pound is set for further significant falls over the coming year as a result... View article >
Posted on 24 June 2017 | 6:19 am GMT
Author: Joel Wright

Greenback Slips in Quiet Trade

The US dollar is starting the New York session with tiny losses across the board in an uneventful overnight session. AUDUSD and NZDUSD inched higher, supported by a bit of a bounce in oil prices. NZDUSD is still receiving help from RBNZ’s non-doveish stance. Nevertheless, NZDUSD is still lower than it was on Monday in... View article >
Posted on 23 June 2017 | 12:13 pm GMT
Author: Agility Forex

Sterling Strengthens as May Discusses Expat Rights at EU Summit

Sterling GBP/USD 1 Week Chart The Pound (GBP) rallied against the majority of its peers this morning following an EU summit dinner yesterday evening. After the dinner May outlined her plans to allow 3m EU citizens to remain living in the UK after Brexit, with German Chancellor Angela Merkel calling her plans a ‘good start’. Expat... View article >
Posted on 23 June 2017 | 11:07 am GMT
Author: TorFX

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