Christopher Vecchio - Daily FX - Fri May 29, 4:30PM CDT
In our last update, we discussed the potential for GBPCAD and GBPNZD to continue to build on their recent gains. While a soft bullish outcome has developed, there still be more gains ahead: monetary policy focus has shifted back... (full story)
EUR/GBP extended the rebound from 0.7054 going into the end of May, but the pair remains at risk of facing increased volatility in the week ahead as Greece faces another IMF payment, while the European Central Bank (ECB) and the... (full story)
The US Dollar may weaken as a downgrade of first-quarter US GDP data weighs on Fed rate hike bets. The New Zealand Dollar fell on building RBNZ easing speculation.
NZ Dollar Swoons Amid Building RBNZ... (full story)
By ELAINE KURTENBACH - AP - Fri May 29, 1:04AM CDT
TOKYO (AP) — Japanese data on Friday showed a mixed outlook for the world's third-largest economy while a renewed decline in the value of the yen is adding to uncertainty over whether the recovery is gaining ground. (full story)
Michael Boutros, Currency Strategist - Daily FX - Thu May 28, 4:31PM CDT
The USDJPY breakout has run into initial resistance around the 2007 highs. A near-term structure is in play off last week's lows and we'll continue to track it for guidance heading into the start of June trade with a break below... (full story)
Chart - Cre ated Using FXCM Marketscope 2.0
EUR/GBP slipped to a low of 0.7054 in May following the break/close below 0.7120 (100% expansion) to (0.7150 (23.6% retracement), but the failure to test the... (full story)
The British Pound may not see follow-through on upgraded first-quarter UK GDP data. The Australian Dollar slumped overnight as soft capex data fueled RBA rate cut bets.
Australian Dollar Down as Capex... (full story)
David Rodriguez, Quantitative Strategist - Daily FX - Wed May 27, 3:50PM CDT
The USDJPY has finally broken out of its 6-month consolidation pattern, and past experience leads me to believe it will likely continue higher. The only thing that matters in trading is of course price and time, and timing is often... (full story)