Category Archives: FX Street

japanese yen bills. currency from japan

USD/JPY: Good news and bad news – Rabobank

Jane Foley, Research Analyst at Rabobank, explains that the reflationary spirit that has taken hold of the US bond markets has injected a large amount of potency back into the BoJ’s monetary policy settings.  Key Quotes “The recovery in US yields started in October and


AUD/USD hits 7-day peak, fast approaching 0.7500 handle

The AUD/USD pair was seen building on to last week’s recovery momentum from nearly 5-month low and is now aiming towards reclaiming 0.7500 psychological mark. Currently trading at seven-day high near 0.7480-85 region, upbeat sentiment surrounding base metals, especially Copper, has been the key factor

japanese yen bills. currency from japan

Forex Today: Yen gains on Oil-led risk-off, ECB Draghi in spotlight

The yen witnessed sharp gains across the board in a data-quite Asian session today, as risk-aversion gripped markets, after last week’s indecisive talks over OPEC’s output cut deal induced markets to believe that Wednesday’s OPEC decision could be in danger. Meanwhile, the US dollar corrected


USD/CAD looking to stabilize around 1.3470

USD/ACAD has quickly broken below the 1.3500 handle in early trade, although it seems to have found some decent support around 1.3470 for the time being. USD/CAD attention to oil, USD A softer tone surrounding the greenback is allowing the risk-associated assets to gather some


CAD: Next major upside target is near 1.3840 – BBH

Analysts at Brown Brothers Harriman, explained that since reaching almost CAD1.36 on November 14, the US dollar has been consolidating its gains against the Canadian unit.    Key Quotes “The US interest rate premium continued to widen even though the greenback failed to extend its recent


NZD/AUD is now extremely overvalued – Westpac

Imre Speizer, Research Analyst at Westpac, notes that the NZD/AUD cross has been stuck in a 0.9400-0.9600 range for the past month. Key Quotes “It does need to fall significantly to reflect the impressive rise in Australian commodity prices although for now markets are focussing

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AUD/USD extends 3-day winning streak, 0.7500 eyed

The AUD/USD pair extends its bullish momentum into a third day today, now testing Friday’s of 0.7482 levels, in another towards 0.75 handle. AUD/USD: 20-DMA at 0.7505 next on sight? Currently, the AUD/USD pair jumps +0.42% to 0.7476, hovering within a striking distance of session