CAD: 1.35 year-end target to be modest – Westpac

CAD: 1.35 year-end target to be modest – Westpac

FXStreet (Delhi) – Richard Franulovich, Research Analyst at Wespac, suggest that given the present economic conditions in Canada and rest of the world, the 1.35 year-end target may prove too modest.Key Quotes“The ink has barely dried on Governor Poloz’s pep talk earlier this week and July retaSee Original Article

Trade Idea : USD/CHF – Buy at 0.9685

As dollar has eased after intra-day rise to 0.9804, suggesting minor consolidation below this level would be seen and below the upper Kumo (now at
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ECB: Demand cooled in TLTRO auction – BBH

FXStreet (Delhi) – Research Team at BBH, note that demand cooled off considerably when today the ECB launched its fifth tranche of TLTRO.Key Quotes“In the first four tranches, about 384.2 bln euros have been borrowed. Spanish and Italian banks account for about half of the draw. The consensus See Original Article

FOREX-Norwegian crown sheds 2 percent after surprise rate cut

… * Norwegian crown slides after Norges cuts rates. * Draghi says more time needed before deciding on further action. * Focus on Yellen's speech
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Norges bank cuts rate by 25bps – TDS

Norges bank cuts rate by 25bps – TDS

FXStreet (Delhi) – Research Team at TDS, notes that as per their forecast, the Norges Bank has cut their key policy rate today by 25bps to 0.75%. Market consensus was for no cut.Key Quotes“The accompanying release signalled that rates will need to remain lower for longer, and that further cuts mSee Original Article

USD/JPY Glued To 120.00

'The dollar has been supported by the view that the Fed will start raising rates this year… If there is a change to that assumption, markets are likely to
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WEEKAHEAD-AFRICA FX-China, blackouts to weigh on Zambian kwacha

NAIROBI, Sept 24 (Reuters) – The Zambian kwacha is expected to weaken further in the week ahead due to a slowdown in China, a key importer of its commodities, as well as electricity outages.

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USD/CHF rejected from 0.9800, loses 100 pips

FXStreet (Córdoba) – USD/CHF printed fresh daily lows at the beginning of the American session as the greenback weakens versus major competitors, exception made by the pound and commodity currencies. Following four days of gains, USD/CHF found resistance at the 0.9800 area and turned lower, erasingSee Original Article

EUR/JPY stuck within range, near 134.40

EUR/JPY stuck within range, near 134.40

FXStreet (Edinburgh) – The sideline pattern in both the Japanese yen and the single currency are prompting EUR/JPY to consolidate within the daily range around 134.40.EUR/JPY unmoved by dataThe cross has paid little attention to the generalized auspicious results from the German IFO indicator for thSee Original Article

EUR/USD muted around 1.1250 on US data

FXStreet (Edinburgh) – The European currency remained apathetic following the US releases today, with EUR/USD keeping the area of daily highs in the mid-1.1200s.EUR/USD firmer post-data, Yellen eyedSpot kept the composure after US headline Durable Goods Orders matched estimates during August, contraSee Original Article

European stocks drop, US index futures dragged lower

FXStreet (Mumbai) – The European stocks retreated after having failed to sustain gains seen in the early session as concerns regarding the global growth slowdown dominate the market sentiment. At the time of writing, the pan-European Euro Stoxx 600 index was down 1% to trade around 343.23 levels. AmSee Original Article

A Good Omen for the Greenback: USD/CAD Breaking Out Higher

All year long, USDCAD has been leading the USDOLLAR Index. USDCAD’s recent move will please USDOLLAR bulls.
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EUR/USD steadies around 1.1130, China-led risk-off ignored

EUR/USD steadies around 1.1130, China-led risk-off ignored

FXStreet (Mumbai) – EUR/USD fades gains and now trades modestly flat in the late-Asian session, bouncing-off 1.1105 lows after the euro received some impetus from the Chinese data-led risk-off moods.EUR/USD supported at 1.1105The EUR/USD pair trades almost unchanged at 1.1129, retreating from sessioSee Original Article

Trade Idea Wrap-up: USD/CHF – Buy at 0.9650

The greenback has maintained a firm undertone after staging a strong rebound from Friday's low of 0.9528, adding credence to our view that
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Tuesday's Forex Analytical Charts, September 22

Tuesday's Forex Analytical Charts, September 22. Tuesday September 22, 2015 11:06. Investors/Traders Need to Closely Monitor the Forex Market.
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Gold at fresh session highs amid risk aversion

FXStreet (Mumbai) – Gold prices continued to move higher to a fresh daily high of USD 1140.78/Oz levels as traders ignored the mixed batch of US data ahead of the Fed chief Janet Yellen’s speech. Supported by risk aversionGold and other traditional safe haven assets like the JPY, CHF, Treasuries hSee Original Article