Share: The single European currency is under mild pressures having already fallen below to the 1,0850 level and is struggling to defend that level. Yesterday did not provide any major surprises , macro news announcements were broadly close to expectations. Τhe sentiment about the economic activity i

Share: Economists at Commerzbank still expect a solid EUR/USD performance this year. ECB to resist rate cuts next year “50 bps more or less, as we have often stressed here, matter less for the Euro than the fundamental monetary policy outlook.” “Our ECB watchers continue to expect the ECB to resist

Share: EUR/USD The Euro extends weakness in early European session trading on Wednesday, after the action stayed in a sideways mode in past two days but capped by broken pivotal Fibo support at 1.0874 (38.2% of 1.0516/1.1095), keeping negative near-term bias. Comments from US policymakers that it’s

Share: The USD is higher while stocks are still somehow sideways. The reason for the higher USD can be optimism and speculation about US debt-ceiling. We know that will approve it, otherwise, this will cause a lot of damage on the financial market. "Yellen has repeatedly warned that failure by Congr

Share: The continuation of the bullish move could push USD/CNH to the 7.0500 area in the near term, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: “The strong surge in USD to a high of 6.9991 came as a surprise (we were expecting USD to con

Share: NZD/USD regains some positive traction on Wednesday, albeit lacks follow-through. A combination of factors lifts the USD to a fresh multi-week high and caps the pair. The fundamental backdrop warrants some caution before placing fresh bullish bets. The NZD/USD pair attracts fresh buying on Tu