USD/CNY fix model: Projection at 6.5264 - Nomura

Nomura's model projects the fix to be lower by 79 pips from the previous fix (6.5264 from 6.5343) and higher by 55 pips from the previous spot USD/CNY official close 6.5209. The basket implied change is higher by 69 pips from the previous spot USD/CNY official close (6.5278 from 6.5209), Nomura adds.

May 17, 2016

GBP/USD bulls taking early lead to 20 dma

GBP/USD had rallied before the Tokyo open to the 20 dma at 1.4471 and EUR/GBP dropped like a stone as well leaving EUR/USD sidelined while GBP/JPY...

USD/JPY: bulls challenge 109 handle through 4hr 200 sma

USD/JPY bulls are looking to break up out of the 5 day consolidation below recent highs of 109.54 and have made an early bid for territory on the 109 handle...