GBP/USD offered below 1.4308/66 – Commerzbank

GBP/USD offered below 1.4308/66 – Commerzbank

FXStreet (Edinburgh) – According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair needs to clear the 1.4308/66 band in order to alleviate downside pressure.Key Quotes“GBP/USD reversed last week from 1.4083 and is trying to break through its two month downtrend at 1.4308 which capSee Original Article

GBP/USD looks to 1.4300 post-UK GDP

FXStreet (Edinburgh) – The sterling is now gathering further traction vs. the greenback, sending GBP/USD to test session highs near 1.4300 the figure.GBP/USD stronger on UK dataThe pair has seen its daily upside accelerated after UK GDP figures have matched expectations today, showing the economy haSee Original Article

FOREX: 'CBN's Inaction Increases Uncertainties'

“There will be further uncertainty in the economy unless the CBN implements measures to stem pressures at the forex market. There is not a more
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USD/CHF keeps highs near 1.0170

FXStreet (Edinburgh) – The US dollar is prolonging its rebound from the 1.0130 region vs. the Swiss franc so far, with USD/CHF keeping the trade in the upper bound of the range near 1.0170.USD/CHF attention to the US calendarSpot is advancing for the third week in a row and navigating just below weeSee Original Article

AUD/USD tracks AUD/NZD higher, at daily highs

AUD/USD tracks AUD/NZD higher, at daily highs

FXStreet (Mumbai) – The sharp rise in the AUD/NZD following the RBNZ rate decision continues to push the AUD/USD higher. The pair just clocked fresh daily high of 0.7067. Eyes previous day’s highThe spot appears on track to re-test the previous daily high of 0.7082. The RBNZ left the door open forSee Original Article

Japan’s Amari to step down, USD/JPY unperturbed

FXStreet (Mumbai) – The USD/JPY pair moved a couple of pips here and there but remains largely unaffected by Japan’s economic minister Amari’s plan to step down. Hovers around 118.80The spot remains around 118.80 with investors cautious ahead of the Bank of Japan rate decision due tomorrow. The See Original Article

Swiss economy holding up, no deflation risk – SNB's Zurbruegg

ZURICH, Jan 28 (Reuters) – The Swiss economy is holding up despite the strong Swiss franc, Swiss National Bank Deputy Chairman Fritz Zurbruegg told a newspaper, adding he saw no risk of deflation.

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RBNZ: Monetary policy unchanged, global concerns weigh – ANZ

FXStreet (Delhi) – Research Team at ANZ, notes that the RBNZ left policy unchanged today, as expected. However, its concern over the global outlook and ability of inflation to return to its target range within a comfortable timeframe has increased.Key Quotes“Whereas its easing bias in December wSee Original Article