Augustus

Rejection of the rising trend line and potential for the further upside continuation. Share: Analysis feed

Friday's price action – particularly in GBP/USD – had all the hallmarks of a short squeeze, ING's FX analyst Chris Turner notes. GBP/USD to be trading 1.19/20 later this year"Short GBP/USD had been the conviction call for many at the start of the year given the UK's fiscal travails, but lower bond y

The Canadian dollar is higher on Friday. In the European session, USD/CAD is trading at 1.4342, up 0.30% on the day. There are no Canadian events today and the US will release manufacturing and services PMIs. Canada’s Retail Sales jump 1.6% in December The Canadian dollar is in positive territory to

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The US Dollar (USD) is modestly lower for a second day. US PPI came in below consensus expectations yesterday, Scotiabank's Chief FX Strategist Shaun Osborne notes. USD edges lower as US yields dip "This morning’s CPI data is expected to come in at up 0.4% in the December month, with core forecast t

The Japanese Yen (JPY) is leading gains amongst the majors, Scotiabank's Chief FX Strategist Shaun Osborne notes. JPY outperforms following BoJ Governor Ueda comments"The JPY is leading gains amongst the majors following comments from BoJ Governor Ueda who remarked that he had heard encouraging repo