Tag: USD

October 02, 2014 BY Mike Fox

Swissquote Daily Technical Report: GBP/USD - Pausing near the support at 1.6162

In Swissquote’s Thursday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for GBP/USD and AUD/USD. To view and download the entire report, click here (PDF). GBP/USD: Pausing near the support at 1.6162 • GBP/USD continues to retrace the rebound that…

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September 18, 2014 BY Mike Fox

Swissquote Daily Technical Report: Gold - Drifting lower

In Swissquote’s Thursday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for USD/JPY and Gold. To view and download the entire report, click here (PDF). USDJPY: Pushing higher • USD/JPY has confirmed its underlying uptrend by making new highs. The…

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August 22, 2014 BY Mike Fox

Swissquote Daily Technical Report: EUR/USD - Trying to bounce

In Swissquote’s Friday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for EUR/USD and GBP/USD. To view and download the entire report, click here (PDF). EUR/USD: Trying to bounce • EUR/USD has broken the strong support at 1.3296. The short-term technical structure…

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August 21, 2014 BY Mike Fox

Swissquote Daily Technical Report: GBP/USD - Selling pressures remain strong

In Swissquote’s Thursday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for GBP/USD and USD/JPY. To view and download (PDF) the entire report, click here. GBP/USD Selling pressures remain strong • GBP/USD made an intraday bearish reversal yesterday, confirming persistent selling pressures.…

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August 11, 2014 BY Mike Fox

South Korea: RMB deposits hit record high while USD declines

In a telling info-graphic from the Korea Herald, they point to the high interest rates that RMB deposits are paying thus creating a higher demand for holding accounts denominated in renminbi rather than low interest paying currencies such as the dollar. In South Korea, renminbi deposits amounted to $16.2 billion according to the central bank,…

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July 28, 2014 BY Mike Fox

Top global brokerage FXCM adds USD/CNH instrument at last

Leading FX Brokerage FXCM officially added liquidity to the offshore renminbi. Here is info on FXCM's offering. VITAL STATISTICS Target Spread 26-27 pips Margin Requirement $50 per lot Minimum Lot Size CN¥1,000 (1k) Pip Cost $0.016 per lot Average Daily Range 100 pips in 2014 Hedging Capability: You can go long or short yuan in…

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