FxWirePro: Gold Dips Below Lower Range, Bearish Bias Increases Gold prices declined on Monday as dollar strengthened across the board as the greenback held onto gains after mixed non-farm payrolls data last Friday...
EUR/JPY Extends Recovery, Heading Towards 124.00 Level Comments from Japan’s finance minister Taro Aso weakened JPY sharply against its counterparts with the EUR/JPY pair surging to session high of 123.71...
FxWirePro: GBP/USD Gains Some Upside Momentum But Still Bearish The GBP/USD slipped lower sharply in the late Asian session shedding more than 70pips as the pair was hurt by opinion poll showing the race between those wanting to stay in European union and those wanting to leave evenly posed...
AUD/USD Hovers Near 2-Month Lows The Australian dollar has been under heavy pressure on Monday, along with other commodity currencies which continue to underperform against the greenback. AUD/USD broke below the 100-day SMA, around 0...
Weekly Review for 09-13.05.2016 Market expectations regarding new jobs in the USA outside agricultural sector (Non-Farm PayRolls) proved to be wrong. The number of new jobs in April was +160 000 against the forecast of 200 000 and the rise of 208 000 in March...
FxWirePro: WTI Crude's Spike in Forward Rates and Troughs in IV's, D/S Equation Improving Finally Demand for the crude oil is increasing healthy and increasing seasonally while crude production continues to decline...
US Dollar Regains 94.00, Session Tops The US Dollar Index is prolonging its rally today, now pushing higher to daily peaks beyond the 94.00 mark...
EUR/USD Subdued Trading Below 1.1400 Handle The EUR/USD pair's attempted recovery from lower level now seems to face difficulty in building momentum beyond 1.1400 handle despite of better-than-expected German factory orders and Sentix investor confidence index...
US Treasuries Flat in Thin Trade The U.S. Treasuries were trading nearly flat on Monday amid subdued trade with investors seeking riskier assets. The yield on the benchmark 10-year Treasury note which moves inversely to its price stood unchanged at 1...
USD/CAD Finds Resistance Ahead of 1.3000 USD/CAD has extended gains on Monday, supported by a steep decline in oil prices which sent the loonie stumbling. USD/CAD broke above Friday’s highs and climbed to its highest level in 3 weeks at 1...
GBP/USD Back to Square One GBP/USD has returned to the starting point after the bounce from fresh 2-week lows was capped by the 1.4480 zone. Cable hit its lowest level since Apr 22 at 1.4373 during the European session, but managed to recover ground afterwards...
EUR/USD Neutral/Bearish Near-term – Scotiabank Shaun Osborne, Chief FX Strategist at Scotiabank, has reiterated the neutral/bearish stance of the pair in the near term. Key Quotes “The EUR is trading modestly weaker against the USD and its G10 peers in quiet trading”...
USD/JPY Recovery Gains Momentum to Reclaim 108.00 Level The USD/JPY bulls extended the pair's firm bid tone, pushing the pair through 108.00 handle for the first time since late April to a 2-week high level of 108.37...
AUD/USD Seems Vulnerable to Drop Below 0.7330 Support The AUD/USD pair continues to slide further during European session and tested its immediate important support confluence near 0.7330 level. After an initial pull-back to 0...
EUR/USD Wobbling Around 1.1400 EUR/USD is now attempting to regain the 1.1400 handle after bottoming out near 1.1370 earlier in the session. EUR/USD attention to risk trends, US data The pair keeps the narrow range at the beginning of the week, meandering between 1.1370 and 1...
NZD/USD Momentarily Dips Below 0.6800 Handle The NZD/USD pair extended its decline further on Monday and has now dropped below an important support confluence near 0.6810-0.6805 to currently trade at the session low level of 0.6800 handle...
USD/CAD Firm Above 1.29 Ahead of Data The greenback retains its buoyant tone on Monday, with USD/CAD keeping the trade in the area of daily highs around 1.2930/40. USD/CAD stronger pre-data The pair is extending its recent rally from multi-month lows in the 1...
USD Longs Dropped, EUR Shorts Reduced - Rabobank Jane Foley, Senior FX Strategist at Rabobank, lists down the IMM Net Speculators’ Positioning as at 03 May 2016. Key Quotes “Despite the dovish position of the ECB, speculators have reduced their net EUR shorts for a run of seven consecutive weeks...
