Close up shot of wavy Australia flag.

AUD/USD now targets 0.7580 – UOB

FX Strategists at UOB Group noted the Aussie Dollar is now targeting the 0.7580 area in the near term. Key Quotes “While the rally in AUD yesterday appears to be running ahead of itself, there is scope for another attempt towards the next major resistance


US inflation helps Fed rate hike story – ING

James Knightley, Senior Economist at ING, notes that US consumer price inflation came in exactly in line for December with the headline rate rising 0.3%MoM leading to an annual inflation rate of 2.1% versus 1.7% in November. The core (ex-food and energy) rose 0.2%MoM. Leaving


USD/JPY steady near session high after US CPI

The greenback recovery move gained additional boost following the release of US CPI print, lifting the USD/JPY pair to a fresh session high beyond 113.50 level. Spot gained fresh traction after data released from the US showed consumer inflation, as measured by CPI, picked up

No Thumbnail

AUD/USD below 0.7550 after ‘as expected’ US CPI

Currently, AUD/USD is trading at 0.7544, down -0.30% on the day, having posted a daily high at 0.7567 and low at 0.7540. AUD/USD slightly offered post-data A packed US docket hasn’t delivered premium results, but as usual, a “good enough” data keeps dollars bulls ahead of


Five Tips for Successful Spread Betting in 2017

Photo: Bloomberg Financial spread betting requires an innate understanding of the markets. Too many new traders rush into the spread betting arena to dabble in the financial markets without the requisite knowledge. One of the easiest ways to limit your losses in financial spread betting is


EUR/USD drops to lows near 1.0660 on US CPI

EUR/USD accelerated the daily downside today to the area of 1.0660 following US inflation figures. EUR/USD offered post-data Spot met extra selling pressure after US inflation figures gauged by the CPI rose at an annualized 2.1% and 0.3% on a monthly basis during December, matching

No Thumbnail

London Session Forex Recap – Jan. 18, 2017

German final HICP m/m: unchanged at 1.0% as expected German final HICP y/y: unchanged at 1.7% as expected U.K. claimant count change: -10.1K vs. 5.0K expected, 1.3K previous U.K. jobless rate: steady at 4.8% as expected U.K. average earning index (no bonus): 2.7% vs. 2.6%