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USD/JPY Attempts To Reclaim 115.00 Again
(Action Forex - 31/01/2017)

'The weak U.S. GDP is doing the dollar no favours. But it also takes courage to keep buying the dollar considering what Trump has said about the kind of a currency policy he could pursue.' – Mizuho Bank (based on Reuters) Pair's Outlook In spite of a

GBP/JPY Long: Same Level, Take 2
(Action Forex - 31/01/2017)

A couple of weeks ago, we were looking for a possible GBP/JPY counter-trend long. The Beast was sitting at a horizontal support/resistance zone and if it had have held then we were looking for that first intraday pullback to get long off of. But alas the

Dollar down as Trump moves to fire acting attorney general
(Investing.com - 31/01/2017)

The dollar weakened further as U.S. President Donald Trump on late Monday in the U.S. fired acting U.S. Attorney General Sally Yates after she ordered Justice Department lawyers not to enforce Trump's immigration ban, the White House spokesman said on

Weekly Forex Forecast
(Daily Forex - 30/01/2017)

Gold ended the week down 1.5% at $1191.13 an ounce, ending its four-week winning streak, as surging U.S. stock markets took some momentum away from the precious metal. The XAU/USD pair tried to break through $1220 but investors used this used this

Trump Ban Downs Dollar – a buy opportunity?
(Forex Crunch - 30/01/2017)

Donald Trump continues implementing his campaign promises, including those that seemed destined only for the campaign trail and not real policy ones. On Friday, he signed an executive order that bans entries to the US from 7 predominantly Muslim

‘Foreign workers’ remittances exceed SR150bn in 2016’
(Arab News - 29/01/2017)

Estimating more than SR150 billion of remittances sent from the Kingdom in 2016, a top Saudi banker here on Saturday has ranked the country as one of the top remittance-sending nations in the world. The bulk of the remittances have been sent to different

Pound falls as Supreme Court ruling seen as no brake on Brexit
(Gulfnews - 25/01/2017)

The pound and gilts fell as investors bet a Supreme Court loss for UK Prime Minister Theresa May won’t derail the start of a process to exit the European Union. The UK’s highest court ruled May needs to seek parliamentary approval to trigger Brexit, an

Turkey’s lira eases as investors pause before critical central bank me
(The Peninsula - 24/01/2017)

Turkey’s lira weakened on Monday as comments from a deputy premier reaffirming the central bank’s independence failed to bolster confidence, a day before a policy meeting seen as a big credibility test in the face of a tumbling currency. The lira has

Dollar, stocks slide on Trump’s protectionist stance
(Gulfnews - 24/01/2017)

The US dollar fell to a seven-week low against a basket of key world currencies on Monday and global stock markets declined amid investor concerns over protectionist rhetoric by US President Donald Trump. US Treasury yields dipped and gold rallied as

Dollar slips, shares wobbly after Trump’s address
(Oman Daily Observer - 24/01/2017)

The dollar slid broadly on Monday after US President Donald Trump struck a protectionist tone in his inauguration speech, undermining optimism over the US economy spurred by his promises of tax cuts and other stimulus. Japan’s Nikkei dropped 1.1 per

Dollar’s Trump trade approaches inflection point as yields rise
(Gulfnews - 23/01/2017)

If you want to know whether the Trump trade has legs, keep an eye on dollar-yen. That’s because the exchange rate is trading near a key battleground spot for bulls and bears of 115 yen, according to Boris Schlossberg, managing director of

Egypt pound at ‘genuine equilibrium’ after float
(Gulf Times - 22/01/2017)

Egypt has created a “well-functioning” currency market that is reflected in the pound’s current rate, the International Monetary Fund said, adding that the currency may strengthen after a period of “overshooting” since last year’s float. The pound is

Stocks hover near 3-month highs; pound in spotlight
(Oman Daily Observer - 19/01/2017)

Asian stock markets stabilised near three-month highs on Wednesday, helped by Hong Kong and Chinese shares, as investors judged US President-elect Donald Trump’s concerns over a stronger dollar to be beneficial to some of the regional bourses.

Pound rebounds on Brexit speech
(Arab News - 18/01/2017)

The British pound rebounded above $1.23 on Tuesday after Prime Minister Theresa May declared that any Brexit deal would be voted by Parliament. The London stock market fell further as the stronger pound weighed on share prices of multi-national firms.

China’s central bank sells net $46.1bn in FX in Dec
(Arab News - 17/01/2017)

China’s central bank sold a net $46.1 billion worth of foreign exchange in December, as the authorities continued to support the sliding yuan in the face of a rising dollar and slowing economic growth. Net foreign exchange sales by the People’s Bank of

Pound tanks on Brexit fear as stocks retreat
(Arab News - 17/01/2017)

The pound slumped Monday on reports British Prime Minister Theresa May was ready to take the country out of the EU in a so-called “hard Brexit.” Sterling’s weakness sent London’s FTSE 100 index to a fresh record high, while eurozone and Asian stock

A strong dollar may well be only America’s problem
(Gulfnews - 12/01/2017)

Only a small group of central banks refrain from intervening in the foreign exchange market to stabilise their currencies’ exchange rate or coax it in the desired direction. Even when they do not intervene directly, their interest rate policies are often

UAE money transfers surge as expats cash in on strong dollar
(Gulfnews - 12/01/2017)

Outgoing remittances from the UAE surged this week, as the US dollar strengthened against other major currencies including the pound sterling. The greenback has been on a winning streak against the British pound, Indian rupee, Philippine peso and other

Dollar’s not the only currency gaining on everyone
(Gulfnews - 11/01/2017)

Bitcoin is worth more than $1,000 for the first time since 2013, when it crossed that line very briefly. If one considers it a currency — which is open to debate — it would be the best-performing one in the world in the last 12 months: It has gained more

Turkish lira hits record low, EM stocks slip
(Arab News - 10/01/2017)

The Turkish lira hit record lows against the dollar on Monday as expectations of faster tightening by the US Federal Reserve added to domestic economic and political pressures emerging market (EM) equities in general slipped 0.4 percent. The lira was

Sterling takes Brexit bashing, dollar regains traction
(Arab News - 10/01/2017)

Talk of Britain dramatically reworking trade ties with the EU after Brexit sent the pound tumbling to two-month lows on Monday, as signals the US could raise interest rates three times this year lifted the dollar. The pound slid around 1 percent against

Egypt’s pound strengthens at banks as demand from importers eases
(Gulfnews - 09/01/2017)

The Egyptian pound strengthened slightly at banks as demand for dollars by importers eased, bankers told Reuters on Sunday. The dollar was being bought for around 18 pounds at most banks, down from around 19 last week. Banks were paying clients around

China forex reserves fall by $320bn in 2016
(Arab News - 08/01/2017)

China’s foreign exchange reserves fell to near six-year lows in December, but held just above the critical $3 trillion level, as authorities stepped in to support the weakening yuan ahead of US President-elect Donald Trump’s inauguration. China’s

South Africa’s rand firms as dollar retreats, stocks down
(Business Recorder - 05/01/2017)

South Africa's rand firmed on Wednesday as the US dollar fell against a basket of currencies, with investors cautious about increasing bets on the greenback before getting fresh clues on the US economy and the timing of interest rate rises. Stocks were

C$ jumps to near 3-week high amid upbeat global data
(Business Recorder - 05/01/2017)

The Canadian dollar strengthened to a near three-week high against its US counterpart on Wednesday, together with gains for other commodity-linked currencies after upbeat global economic data. A batch of reports from Europe showed that French consumer