Dollar index held back by key resistance at the 100.00-level – MUFG

Dollar index held back by key resistance at the 100.00-level – MUFG

FXStreet (Delhi) – Lee Hardman, Currency Analyst at MUFG, notes that the foreign exchange market has remained relatively stable in the Asian trading session with US markets closed today for the Thanksgiving holiday. Key Quotes“The US dollar index is still holding close cyclical highs at just belSee Original Article

USD/CAD buy the dips towards 1.32 – Westpac

FXStreet (Edinburgh) – In the view of Strategist at Westpac Richard Franulovich, occasional pullbacks in the pair remain buying opportunities.Key Quotes“USD/CAD move higher showing some signs of fatigue but the fundamental atmospherics remain bullish USD/CAD prospects”.“China’s economy is stSee Original Article

Oil extends losses on Saudi Aramco’s comments

FXStreet (Mumbai) – Oil prices extended losses in a delayed reaction to the Saudi Aramco’s comments, which showed the kingdom may keep production higher in 2016. Brent Crude Jan futures now trade 1.45% or 69 cents lower at USD 45.48/barrel. WTI oil Jan futures, which were trading dead flat in EuroSee Original Article

AUD/USD holds above 0.7200

FXStreet (Córdoba) – The Australian dollar is trading a bit softer on Thursday in a day marked by low volume due to the US Thanksgiving holiday. AUD/USD has continued to pullback from a 1-month high of 0.7282 scored on Wednesday, having lost more than half a cent over the last sessions before the sSee Original Article

Telekom Malaysia's 3Q net profit dips 12% to RM166.87m on forex exchange loss

Telekom Malaysia's 3Q net profit dips 12% to RM166.87m on forex exchange loss

KUALA LUMPUR (Nov 26): Telekom Malaysia Bhd (TM)'s net profit for the third quarter ended Sept 30, 2015 fell 12% to RM166.87 million, from
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Forex – Euro nears 7-month lows on ECB easing expectations

Investing.com – The euro slid against the dollar on Thursday, re-approaching seven-month lows amid heightened expectations that the European
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ECB expected to ease policy aggressively at next week’s meeting – MUFG

FXStreet (Delhi) – Lee Hardman, Currency Analyst at MUFG, notes that the euro declined sharply yesterday following the release of a report from Reuters speculating that the ECB is discussing the introduction of two-tiered bank charges and a broader composition of asset purchases. Key Quotes“The See Original Article

ECB: Two-tier deposit rates – Raboabnk

FXStreet (Guatemala) – Analysts at Rabobank noted that according to an article on Reuters, ECB officials are considering the possibility of introducing a staggered, two-tier deposit rate. Key Quotes:”This would mean that banks with high excess liquidity (e.g. core banks) pay, on balance, more to parSee Original Article

AUD/USD downside open below 20 4hr SMA

AUD/USD downside open below 20 4hr SMA

FXStreet (Guatemala) – AUD/USD is currently trading at 0.7228 with a high of 0.7269 and a low of 0.7210.AUD/USD is currently trading in a tight range in thin liquidity with the US players out for Turkey lunch over the Thanksgiving break and the price remains in the lower end of the range after pressSee Original Article

US Dollar firmer, advances to 99.90

FXStreet (Edinburgh) – The greenback, measured by the US Dollar Index, is trading on a firm footing on Thursday, currently testing the 99.90 area.US Dollar capped by 100.00In spite of the strong advance as of late, a more sustainable break above the psychological 100.00 handle still remains elusive See Original Article

Egypt returns ex-governor Okda to central bank fold

CAIRO, Nov 26 (Reuters) – Egypt has appointed ex-central bank governor Farouk al-Okda to a high-level committee at the central bank as part of a reshuffle analysts say is aimed at helping steer the…

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EUR/GBP door open for a corrective upside? – Commerzbank

FXStreet (Edinburgh) – According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the European cross might attempt a corrective squeeze higher in the near term.Key Quotes“EUR/GBP saw an aggressive sell off yesterday”.“This was vicious but has not taken out any support of note anSee Original Article

AUD/USD: We continue to see risks of further weakness – Rabobank

AUD/USD: We continue to see risks of further weakness – Rabobank

FXStreet (Córdoba) – According to Jane Foley analyst at Rabobank concerns over the Chinese growth outlook and the risk that the Reserve Bank of Australia (RBA) could still cut rates again this cycle, favors the risk of further falls in AUD/USD.Key Quotes: “The value of AUD/USD took a dive overnigSee Original Article

UPDATE 1-Bank of America to halt dollar supplies to Angola – sources

LUANDA, Nov 26 (Reuters) – Bank of America will stop supplying U.S. dollars to Angola at the end of this month, two foreign exchange sources said on Thursday, a move that could pile pressure on the…

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GBP/USD: downside bias still below 200/50 death cross

FXStreet (Guatemala) – GBP/USD is currently trading at 1.5096 with a high of 1.5132 and low of 1.5065.GBP/USD has consolidated the downside as the greenback picked up the pace this week and Sterling suffered on the back of BoE’s Haldane’s comments when stating that the balance of risk around UK GDP See Original Article

Oil retreats in holiday-thinned trade

FXStreet (Córdoba) – Crude oil prices edged slightly lower on Thursday, but remained up on the week, with WTI futures trading around $42.50 a barrel by the end of the day. Concerns over a persistent supply glut continued dominating investors’ sentiment, as US stockpiles are still at their highest lSee Original Article

EUR/USD: confined to 30 pip Thanksgiving holiday range – FXStreet

EUR/USD: confined to 30 pip Thanksgiving holiday range – FXStreet

FXStreet (Guatemala) – Valeria Bednarik, chief analyst at FXStreet explained that the dollar consolidated its latest gains this Thursday, with the EUR/USD pair confined to a 30 pips range amid a strong lack of volume due to the US Thanksgiving holiday. Key Quotes:”Nevertheless, the common currency rSee Original Article

EUR/USD to remain under pressure – MUFG

FXStreet (Córdoba) – Analysts from The Bank of Tokyo-Mitsubishi UFJ, expect EUR/USD to move with a bearish bias next week in a range between 1.0300 and 1.0800, ahead of the European Central Bank meeting. Key Quotes: “The euro is likely to remain under downward pressure against the US dollar headiSee Original Article

Nigeria naira firmer on unofficial market as central bank tightens forex rules

image LAGOS: The Nigerian naira strengthened 2.1 percent to 235 per dollar on the unofficial market on Thursday after the central bank moved to
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AUD/USD: bullish run complete ahead of Dec data?

FXStreet (Guatemala) – AUD/USD is currently trading at 0.7231 with a high of 0.7262 and a low of 0.7210.AUD/USD is a quiet play with the US desks away for Thanksgiving holidays and is likely to remain so until next week’s data now that we have a clear calendar for the pair until the close in the US See Original Article

RBA gets access to China's foreign exchange market

RBA gets access to China's foreign exchange market

China has named the Reserve Bank of Australia as one of only three central banks it has registered as eligible to enter China's interbank foreign
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Forex Forecast: GBP/USD still trading heavy, bearish below 1.50

In today's forex forecast, we offer the outlook for GBP/USD and EUR/GBP with Steven Woodcock, Senior FX Analyst at Plutus FX, along with Zak Mir,
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Gold little changed above $1,070 an ounce

FXStreet (Córdoba) – Gold prices oscillated near the 5-year lows scored earlier this month, with spot ending the day virtually unchanged near $1,070 an ounce. The commodity has fluctuated in a tight range on Thursday as US markets were closed in observation of the Thanksgiving holiday. The bright mSee Original Article

AirAsia swings to Q3 loss, dragged by Indonesia and forex losses

Malaysia-based AirAsia, the region's biggest budget carrier by fleet size, said on Thursday it suffered a loss in the third quarter, bogged down by
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