USDCAD Might Trade Above 1.3300

Key Highlights US Dollar recovered sharply against the Canadian Dollar and looks set for more gains in the near term. In the US the Services Purchasing Managers Index (PMI) released by Markit Economics posted a decrease to 55.2, which was lower compared with the forecast of 56.0 in August 2015. US Consumer Confidence released by the Conference Board registered a massive...
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USDCHF Remains as Risk of Declines

Key Highlights US Dollar struggled during the past couple of sessions against currencies such as the Euro and the Swiss Franc. USDCHF is trading lower with support at 0.9300, which if breached might ignite more losses. US Services Purchasing Managers Index (PMI) released by Markit Economics posted a decline from the last reading of 56.4 to 56.2 in May 2015. US Servic...
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USDCHF – Could finally be Start of US Dollar Weakness?

Key Highlights US Dollar weakened a lot against a few major currencies, including the Swiss franc as US Services PMI came below the forecast. US Services Purchasing Managers Index (PMI) released by Markit Economics declined from 57.8 to 57.4 in April 2015. US ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) managed to post a rise from 56...
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Risk of Break Lower Grows In GBPJPY

Key Highlights British Pound managed to clear the 180.00 resistance area against the Japanese yen, but it looks like struggling to hold gains. GBPJPY is trading around an important support area and if it is breached more losses are possible. Today, the UK CBI Industrial Trends Survey will be released by the Confederation of British Industry i.e. expected to increase fro...
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Improved Chinese HSBC Services PMI Might Help Risk Sentiment

Key Highlights Currencies such as the New Zealand and the Aussie dollar were seen trading higher against the US dollar. Chinese HSBC China Services PMI was released by Markit Economics, which registered a healthy reading of 52.0 compared to the last reading of 51.8. In Japan, the Services Purchasing Managers Index (PMI) was released by Markit Economics, which registered...
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