Sharp price swings favour the Greenback

Whilst trading volumes should start to normalise this evening following weeks of interrupted trading, investors will be watching closely the economic calendar this week given the expected release of Trade Balance figures, Building approvals and retail sales from December. Having dropped as low as 0.8076 off the back of a declining PMI read from China, Central Bank rhetoric from the US Federal Reserve as well key growth indicators from China remain set to play a critical role

USD heading higher into the new year

​​More of the same looking likely in the months ahead. The dollar’s run higher continues, putting both the EU majors and commodity bloc under pressure, with more of the same appearing likely in the months ahead. The snap election in Greece and Mario Draghi’s hints at ECB QE, – ahead of this months ECB meeting

Euro breaks a Massive Level, Aussie Pressured, Same, Same

Today has seen a significant continuation of the trends that were evident at the end of 2014 and although some might argue today’s trade could be light, given it’s the first full day of trade for 2015, and trade is potentially another example of “Monday Morning Asian Madness the reality is that the fundamentals of Forex at least underpin the US dollar strength and Euro and Aussie weakness.

Economic Indicator News »

Visitor Arrivals increased in New Zealand during October

Statistics New Zealand reported that visitor arrivals came in at 8% during...

Actual

8%

Forecast

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Previous

1.2%

Economic Indicator News »

Consumer Price Index in Singapore dipped in October

Statistics Singapore reported that Consumer Price Index came in at 0.1 compared...

Actual

0.1

Forecast

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Previous

0.6

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Fundamental

USD heading higher into the new year

​​More of the same looking likely in the months ahead. The dollar’s run higher continues, putting both the EU majors and commodity bloc under pressure, with more of the same appearing likely in the...


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Technical

Euro failed attempt to break above the descending resistance

Technically, the Euro today reached 1.2447 and made another, so far, failed attempt to break above the descending resistance before retreating, to finish the US session sitting right on the 200 HMA at...