Category in FXWW News

EUR/USD: Pick a wide trading range from here

Somewhat of a train wreck overnight for EUR shorts across the board and the market was obviously overly positioned. The fundamental back-drop for the EUR remains bearish so I think we can still sell any big rallies but short-term sentiment will have shifted somewhat after last night’s rally, so dips will also be sought-after. In

AUD/USD: Likely to be pressured as China reintroduces coal levies

Reports on Reuters say that China, which is the world’s largest importer of coal, will reintroduce import tariffs of between 3%-6%. Australia is the top supplier of coal to China and this news will definitely have an adverse effect on AUD sentiment heading into the weekend. Reports yesterday morning suggested solid bids in AUD/USD near