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Category Archives: FX Street

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GBP/USD bearish near term – Scotiabank

Chief FX Strategist at Scotiabank Shaun Osborne noted the bearish outlook on Cable in the short term. Key Quotes “Sterling is under-performing and Cable is trading at its lowest since mid-Jan. UK PMI data weakened unexpectedly, weighing on GBP sentiment, with services activity dropping to

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NZD/USD pulls back from seven-week low

The NZD/USD , after refreshing its lowest level since Jan. 11 at 0.7015, put together a recovery in the last two hours, erasing most of its daily losses.  RBNZ is worried about strong NZD According to the data released by Statistics New Zealand, the country

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WTI firmer albeit below $53.00 ahead of Yellen

Crude oil prices keep the familiar range on Friday, with the barrel of West Texas Intermediate posting moderate gains in the $52.80/90 band. WTI eyes on data, Yellen Prices for the WTI remains within a narrow range today ahead of the key speech by Chair

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USD/JPY neutral, still targets 114.95 – UOB

USD/JPY sticks to the neutral bias in the near term, while a test of the 114.95 level still remains on the radar, suggested FX Strategists at UOB Group. Key Quotes “USD exceeded the target indicated at 114.45/50 yesterday with a high of 114.59. While upward