The safe haven yen was broadly higher on Monday as uncertainty over the next stage in the U.S.-China trade war and growing fears over a slowdown in global growth hit market sentiment. Uncertainty over the U.S.-China trade dispute persisted after U.S. President Donald Trump on Friday said he was not…

GBPJPY losing its strength for the third consecutive day, after it made a short term recovery on Tuesday testing the long term trendline near 129.600. The pair has been testing the 2016 Low near 128.200 for the past two days but failed to break below. Economically, in today's early sessions,…

XAUUSD stalling near $1510.00 after the pair made recent strong gains to 6 year high with the rally being driven primarily by a plunge in Global Bond Yields. Additionally the pair was fueled by a surprise 50-basis point rate cut by the Reserve Bank of New Zealand earlier in the…

The Canadian dollar will strengthen against its U.S. counterpart over the coming year, recouping ground lost since July, as Canada's economy stays strong enough to withstand global trade uncertainty, a Reuters poll predicted. Canada's dollar has fallen about 2% since hitting a nine-month peak of 1.3016 per U.S. dollar on…

China’s central bank is under pressure to issue its weakest currency fixing in more than a decade, a move that risks spurring more losses in the yuan. The People’s Bank of China set its daily currency reference rate only marginally stronger than 7 a dollar on Wednesday. That leaves it…

AUDUSD raises to the previous day high after testing the neighborhood of January'2019 low at 0.67500. The RBA announced its unchanged interest rate decision in which the pair showed a hawkish intraday recovery. AUDUSD experiencing a 12 day consecutive bearish movement, climbs to the session top as the Australian Central…

EURGBP surges to 0.92000 region once again today. Pound loses strength and falls near 1.2106, as it is pressured by the concerns about Britain exiting the European Union without a deal. The pair is currently indecisive near 0.91800 which is +0.65 % for the day. UK Services PMI came in…

The Bank of England left its key interest rate unchanged Thursday, as expected, opting to keep its powder dry until it has more clarity on how the U.K.'s departure from the European Union affects the economy. The bank's Monetary Policy Committee, or MPC, voted unanimously to keep the bank rate…

A deep and swift slump in the pound will prompt the U.K. government to rethink its approach to leaving the European Union without a divorce deal. A plunge of about 10% in sterling in a short span of time may cause Prime Minister Boris Johnson’s cabinet to refrain from pursuing…

The British pound tumbled on Tuesday as investors bet Prime Minister Boris Johnson's Brexit brinkmanship with the European Union could trigger a messy divorce that would sow chaos through the world economy and financial markets. Sterling crashed through trading barriers, falling to an intraday low of $1.2120 in shallower overnight…