USDCHF broke above 1.0475 resistance, suggesting that a cycle bottom had been formed at 1.0347 level on 4-hour chart. Further rally is still possible...
USDCHF broke above 1.0475 resistance
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Eur/Usd capped by Far-East names
Dealers report that the pop up to to 1.4030 was eagerly sold into by Far-East names and now we move back to the 1.40 level. The stock market is up a touch at the moment with the Dow up 19 points and S&P Futures moving higher...
AUDUSD edges higher after RBA minutes
AUDUSD has managed to rally back above 79c as the market acknowledges that Australia is one of the few economies to expand last quarter. There is growing speculation that the RBA may even raise rates over the next 12 months on signs of recovery. On the day the rally maybe short lived. The 7930...
USD/JPY in unusual role: Leading Man
USD/JPY has surged to the forefront after a months-long slumber today. The buck is getting a major boost from firmer yields, Though the are easing from their highs (10s at 3.80%). USD/JPY is well above its 200-day moving averag and may challenge trendline resistance at 98.27, drawn from 101.45...
The Next Big Move in GBP/JPY
GBP/JPY survived Friday’s NFP number with a spike higher on the data release, and then a slow fade lower. Not a very...
National Bank of Rwanda Lifts Rate 50bps to 7.00%
The National Bank of Rwanda increased its key repo rate 50bps to 7.00% from 6.50% previously, with the interbank interest rate...