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GBPUSD Technical Analysis – A look at the chart ahead of the BOE decision – ForexLive

Basic overview The dollar weakened as last week’s FOMC decision, in which the Fed decided to signal an expansion of QT taper starting in June, was more dovish than expected, and Fed Chairman Jerome Powell repeatedly rallied against expectations for rate hikes. There has been a general decline recently. Additionally, Friday’s data showed that the […]

ForexLive Asia-Pacific FX news wrap: USD/JPY back above 155.00 – ForexLive

Numerous comments from both Japan’s Finance Minister Suzuki and Bank of Japan Governor Ueda appeared on the News Telegraph this morning in Tokyo, but neither could significantly support the yen. The counterfactual is that without them the Japanese Yen would have fallen faster, but here in the real world, the currency has fallen again regardless. […]

AUDUSD Technical Analysis – What changed after the RBA? – ForexLive

The dollar weakened as last week’s FOMC decision, in which the Fed decided to signal an expansion of QT taper starting in June, was more dovish than expected, and Fed Chairman Jerome Powell repeatedly rallied against expectations for rate hikes. There has been a general decline recently. Additionally, Friday’s data showed that the Fed may […]

ForexLive Asia-Pacific FX news wrap: Kanda ignites USD/JPY jump – ForexLive

Japan’s Treasury Vice-Minister Kanda said he had nothing to say about U.S. Treasury Secretary Janet Yellen’s weekend comments on foreign exchange. If you missed Yellen’s comments, please refer to the Kanda link above. However, in a nutshell, she only expressed her mild support for Japanese intervention. As a result, Japan appears to be acting alone […]

ForexLive Asia-Pacific FX news wrap: USD/JPY jumps 100 pts – ForexLive

Monday’s Federal Open Market Committee (FOMC) speakers include New York Fed’s Williams ECB President Rehn says confidence in falling inflation is improving China’s services PMI expansion slowed slightly in April but remains strong – Summary OECD says Reserve Bank of New Zealand has limited room to cut interest rates this year Australia’s Treasurer Chalmers says […]

Japan's Ito says authorities are trying to place a 160 ceiling on USD/JPY – ForexLive

Takatoshi Ito is currently a scholar at Columbia University. From 1999 to 2001, he served as Deputy Director-General for International Affairs at the Japanese Ministry of Finance. For two years until 2008, he served as a civilian member of the government’s Supreme Economic Council. He told Reuters: “By interfering with speculative activity, the authorities are […]

Gold Technical Analysis – Chances of a big correction increase – ForexLive

Israel’s retaliation marks a high for gold as geopolitical risks recede and markets catch up with rising US real yields. The trend may be reversing, and several important technical breaks are coming together, increasing the likelihood of a downside correction. Looking ahead, bears will need to watch for continued strength in U.S. economic data, as […]

Canadian dollar rallies for fourth day. What's next – ForexLive

USDCAD daily The Canadian dollar has risen for the fourth day in a row, which looks impressive at first glance, but it masks an even steeper decline in the previous four days, hitting its worst levels since November. Either way, it has risen for four days amid tough conditions for risk assets and oil. This […]