USDJPY look for sellers to emerge once more at 118.00/15

​​The dollar finally found a bit of a cap on Friday, falling to a session low of 117.35 after the Finance Minster Aso said that the speed of Yen weakening has been too fast. After that, we saw some choppy trade either side of 118.00 against the dollar as we headed into the weekend, with most of the action going on in the yen crosses.

AUD/USD downside support will initially be here at 0.8660

​​The Aud rallied sharply from 0.8625 to 0.8722 on the news of the Chinese rate cut, although the move higher was rather short lived and the Aud then came under pressure from selling through the AudYen cross, to finish the week back at 0.8665. As with the Kiwi, the immediate picture for the commodity based currencies currently looks a bit cloudy, although the shorter term charts do hint that we could

USD/CHF short term indicators point higher

​​US$Chf soared higher and made it up to the resistance at 0.9700 on Friday, where it closed the day just below the 0.9708 high. Further gains now look possible and the targets to watch are at the 7 Nov 0.9741 peak, above which would head towards 0.9789 (29 May 2013 high) and 0.9838 (22 May 2013 high).

Economic Indicator News »

Visitor Arrivals increased in New Zealand during October

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

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8%

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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...

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0.1

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0.6

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Fundamental

Euro under increasing pressure as it heads towards critical support levels

​​All was quiet heading into the weekend until Mario Draghi reiterated that the ECB will do everything within its powers to ignite growth/inflation expectations, sending the Euro tumbling sharply...


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Technical

Fibonacci Retracements Analysis 19.11.2014

​​Eurodollar is still being corrected; the market rebounded from retracement 50%. Possibly, if the pair rebounds from the current levels, the price may resume falling in the nearest future. The target...