Blog Archives

Top trade idea for June 8th, 2016 – GBP/CHF

June 12, 2016
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The pound was struggling on Wednesday morning to add to the gains made Tuesday when fresh polls showed support for remain was narrowly ahead of the exit camp, contradicting surveys released on Monday and at the weekend which had suggested the campaign for Brexit was ahead. Sterling did however enjoy a small bounce on...

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Top trade idea for June 10th, 2016 – AUD/USD

June 12, 2016
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Commodity currencies usually fall when metal and energy prices drop – it’s on the lable.  A strengthening USD should push commodity prices lower. Therefore, if USD strength is returning, any commodity currency priced against the USD could suffer a double whammy selling effect. Come in AUD/USD. In volatile trading AUD/USD hit  a high above...

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Forex: J$125.89 to one US dollar

June 12, 2016
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KINGSTON, Jamaica – The Jamaican dollar on Friday, June 10, ended trading at J$125.89, up by 13 cents, according to the Bank of Jamaica’s daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended trading at J$98.34, up from J$97.99, while the British pound sterling ended trading at J$181.08, down from J$181.65.

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US Crude Edges Higher as Crude Inventories Sink

June 10, 2016
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US crude oil has edged higher on Wednesday, as the commodity trades at $51.00 a barrel in the North American session. Brent crude is trading at $51.86, for a premium of $0.86. In the US, JOLTS Jobs Openings improved to 5.79 million, easily beating expectations. Crude Oil Inventories posted a strong decline of 3.2 million barrels,...

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Dollar And Yields Define Market Direction

June 10, 2016
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Five things the markets are talking about All assets are on the move. Despite the lack of fundamental releases this week, multi-month records are been made across the various asset classes. Both Brent and WTI crude trade through the psychological $50 a barrel handle, a 34-week high. Global indices are encroaching on record high...

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APAC Currency Corner – Fed rates lower for longer?

June 10, 2016
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Federal Reserve chief Janet Yellen struck all the right chords as the U.S central bank used another Get Out of Jail Free card, which followed the dismal NFP. This data gave an opportunity for an other rate hike delay while sounding upbeat about the US economy. Whether by intention or not, her comments fuelled...

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