Meanwhile the bank of Canada reached 4.25% last month and seems likely to call for another single hike next week. Inflation in Canada isn’t at the same crisis area as in the EU and seems to be dropping more quickly as well, so it might be that the end of this cycle of tightening is…
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On the chart, cable has moved clearly into oversold based on the slow stochastic. The price has been below all three of the 50, 100 and 200 simple moving averages since February. Selling in at the current area would traditionally be considered an unacceptable risk except on a very low timeframe, so awaiting a possible…
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On Wednesday there was a significant price move affecting the Japanese yen (JPY) during the early hours of the Asia trading day. CLS Group has confirmed those spot volume movement observations, based on its extensive data set. This was particularly prevalent across US dollar (USD) Japanese yen and Australian dollar (AUD) Japanese yen currency pairs.…
Read moreNorth American Derivatives Exchange, Inc. (Nadex), part of IG Group Holdings plc (LON:IGG), has submitted a notice with the Commodity Futures Trading Commission (CFTC), informing it of its plans to expand its offering. Nadex will be offering new Daily EUR/GBP and AUD/JPY ‘Wide’ and ‘Narrow’ Spread contracts. New EUR/GBP contracts At the start of trading…
Read moreGMO Click Securities, the Japanese online trading services provider which is a part of GMO Click Holdings Inc (TYO:7177), is expanding its FX options offering, with the addition of options based on AUD/JPY. The new instrument will be available to trade from March 14, 2016 (Monday). The company already offers FX options on USD/JPY, EUR/JPY,…
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