Forex

The Japanese Yen has surrendered recent gains since breaking below the key 106.00 support level

Focus remains on US fiscal stimulus talks. However, volatility is lurking in the Emerging Market space

Traders remain broadly confident about the markets but the next big move will probably not come until the White House and Congress agree, or fail to agree, on an aid package for the US economy.

The US dollar remains just off its recent 26-month low and will likely wait for Friday’s US Labor Report before the greenback decides on its next move.

FX seasonal trends show investors position defensively with safe-havens in demand over cyclical currencies.

GBP/USD is steady around the 1.31 level, with few signs of a major move up or down, while the FTSE 100 index is little changed even though BP shares rose, oddly, after news of a record loss and div...

The EUR/JPY exchange rate looks poised for a short-term pullback as technical divergence suggests the recent rally may be running out of steam.

Gold prices may turn lower markets make good on early technical signs of topping. US fiscal stimulus negotiations may emerge as the decisive catalyst.

The Australian Dollar spiked higher after the Reserve Bank of Australia kept the target for the official cash rate and 3-year yield steady at 0.25%.

USD/CAD appears to reversing course following the failed attempt to test the June low (1.3315) as the RSI breaks out of the downward trend established in July.