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GBP/USD – Pound Remains Below 1.66 in Subdued Trade

GBP/USD – Pound Remains Below 1.66 in Subdued Trade

Aug 27, 2014

The British pound has edged higher on Wednesday, as GBP/USD trades in the high-1.65 range in the North American session. The pound remains close to 5-month lows against the US dollar. Trading has been light on Wednesday, with no major US economic reports on the schedule. There are no...

EURCHF: Will the SNB Defend the 1.20 Peg?

EURCHF: Will the SNB Defend the 1.20 Peg?

Aug 27, 2014

Since the Swiss National Bank (SNB) imposed its peg in EUR/CHF, this cross has only traded below 1.20 a handful of times, and each time it has bounced off this important level of support. In the three years that the peg has been in place, the market hasn't tested...

AUD/USD – Improving Aussie Brushes Off Weak Construction Data

AUD/USD – Improving Aussie Brushes Off Weak Construction Data

Aug 27, 2014

AUD/USD has gained ground on Wednesday, continuing the upward move which started a day earlier. In the North American session, the pair is trading in the mid-0.93 range. On the release front, Australian Construction Work Done disappointed with a decline of 1.2%, well below expectations. In the US, today's...

USD/CAD – Canadian Dollar Continues Gains as Pair Dips Under 1.09

USD/CAD – Canadian Dollar Continues Gains as Pair Dips Under 1.09

Aug 27, 2014

The Canadian dollar continues to flex some muscle, as USD/CAD has dropped below the 1.09 line on Wednesday. The loonie found itself staring at the key 1.10 level at the start of Tuesday trading, but has since gained about 100 points. It's a very quiet day on the release...

USD/JPY – Yen Can’t Shake Off 104 Line

USD/JPY – Yen Can’t Shake Off 104 Line

Aug 27, 2014

USD/JPY has edged lower, as the pair trades in the high-103 range on Wednesday. In the US, there is just one event on the calendar, Crude Oil Inventories. There are no Japanese releases on Wednesday. Japanese inflation levels continue to post strong numbers, as the fight against deflation has emerged...

Gold Showing Little Movement After Mixed US Data

Gold Showing Little Movement After Mixed US Data

Aug 27, 2014

Gold is stable on Wednesday, as the pair trades at $1284.27 per ounce in the European session. It's a quiet day on the release front, with no major releases out of the US. On Tuesday, the Russian and Ukrainian presidents met as the crisis in eastern Ukraine...