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Forex News

EUR/USD gains traction and moves to highs near 1.0860

EUR/USD testing daily highs in the 1.0860/65 band on Wednesday. Italian Industrial Sales, New Orders next on the docket. The collapse in oil prices weighs on the riskier assets. The single currency manages to ...

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Forex News

USD/JPY rebounds above 107.50 as Wall Street gains traction

Major equity indexes in the US trade in positive territory. US Dollar Index climbs above 100 in American session. Initial Jobless Claims in US surged to fresh record high above 6 million. The USD/JPY pair drop...

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Forex News

GBP/USD: Gaining some positive traction

GBP/USD ended in the red for the third consecutive session on Thursday. Recovery in the global risk sentiment helped the cable to gain some traction on Friday, according to Haresh Menghani from NDDFX. Key quote...

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Forex News

EUR/USD manages to regain some traction near 1.0840

EUR/USD attempts some consolidation around 1.0840. Volatility seen diminished as US markets are closed on Monday. ZEW Survey, ECB Accounts, flash PMIs due later in the week. The shared currency has started the...

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Forex News

Decline could be losing traction – UOB

According to FX Strategists at UOB Group, the downside momentum in EUR/USD seems to be running out of steam. Key Quotes 24-hour view: “We noted yesterday that ‘downward momentum is patchy at best and EUR is unl...