Author Archives: rwiiyk

The incoming trade-related headlines continued driving the broader market risk sentiment through the Asian session on Thursday. The safe-haven currencies – like the Japanese Yen and Swiss Franc – gained some traction on reports that the crucial high-level trade talks will finish a day earlier. The South China Morning Post said that the Chinese delegation,Continue reading “Analysts fall in with bankers’ opinion: The U.S. Dollar is destined to fail”

Karen Jones, analyst at Commerzbank, explains that EUR/USD pair continues to hold steady having recently recovered from the base of the weekly channel at 1.0892 currently.“We have 13 counts on the daily and weekly charts and suspect that the market is attempting to base near term. It will need to close above the 4 monthContinue reading “Weekly Forex Market Forecasts for June 4th – June 8th”

In light of advanced data for EUR futures markets from CME Group, open interest rose for the third consecutive session on Wednesday, this time by just 750 contracts. On the other hand, volume extended the choppy performance and shrunk by 47.6K contracts.EUR/USD remains unable to surpass the key 1.10 handle for the time being. FurtherContinue reading “Italian markets buoyed following political crisis”

Matthew Hassan, analyst at Westpac, suggests that Australia’s August housing finance approvals update was a mixed bag with the number of owner occupier loan approvals undershooting expectations but another strong gain in the total value of investor loans.“The big picture is still of a clear lift in finance activity since mid year – boosted byContinue reading “Weekly Forex Market Forecasts for June 11th – June 15th”