USDJPY, AUDUSD, USDZAR & a special NAFTA (Part I) piece on USDCAD [Video]

Eddie Tofpik ADM Investors Services International Limited

Eddie Tofpik head of technical analysis at ADMISI on what pressures are driving the major global currency pairs, in particular the Japanese yen versus the dollar - currency wars anyone?

Author

Eddie Tofpik

ADM Investors Services International Limited

Eddie Tofpik has over thirty years experience in international commodity markets & twenty five years experience in the foreign exchange markets and brings a wealth of knowledge & understanding to his topic.

EUR/USD fades below 1.1900 amid sudden USD demand

EUR/USD has quickly reversed modest intraday gains on Thursday, struggling to retain the 1.1850. The Greenback benefits from both, risk aversion, and market rumours suggesting Russia is analyising returning to the US Dollar system.

GBP/USD change course, nears 1.3600

GBP/USD trimmed most of its intraday gains and approaches the 1.3600 threshold. Tepid United Kingdom data released earlier in the day adds to Sterling Pound retracement, as the flash estimate of the Q4 Gross Domestic Product posted a modest 0.1% advance in the three months to December.