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USDCHF Daily Forecast: June 03 2016 USDCHF Forecast The USDCHF didn’t make significant movement yesterday. The bias is neutral in nearest term but overall price is still in a bullish phase after broke above 0.9795 targeting 1.0000. Immediate support is seen around 0.9850 followed by 0.9795...
US Non-Farm Payrolls Preview This Friday’s Non-Farm Payrolls (NFP) report for May will be the last major employment data to be released before the highly anticipated FOMC meeting in mid-June, less than two weeks from now...
APAC Currency Corner – Will NFP Provide the Magic Bullet for the US Dollar? Aussie – trading heavy Following up on Wednesday’s unexpectedly strong Q1 GDP report, Australia printed a much narrower-than-expected trade deficit of AUD1.6bn in April – the smallest in 14 months...
EUR/USD V DXY: Monthly Forecast DXY and EUR/USD prices are again explained since December 2015 and every month thereafter by 1 and 2 year monthly averages...
NZD/USD Testing Key Resistance Near 0.6830, Shrugs Off China PMI The NZD/USD pair resumes its upward trajectory in the Asian session this Friday, reversing a brief correction seen yesterday, as the US dollar turns negative against its major peers. NZD/USD looks to regain 50-DMA at 0...
China's Caixin Services PMI Lower-Than-Expected in May China's Caixin Service PMI (May) came in at 51.2 vs 51.8 last, while the Composite stood at 50.5 vs 50.8 prior, both readings lower-than-expected. Commenting on the China General Services PMI™ data, Dr...
AUD/USD Back on the Bids, Tracks Gold Higher The AUD/USD pair found renewed bids near 0.7225 region and reverted towards daily highs, moving in tandem with the minor rebound seen in the gold prices. AUD/USD back to 20-DMA Currently, the AUD/USD pair trades +0.10% higher at 0...
FxWirePro: Short XAU/USD Around $1210 With Stop Loss at $1218 and Target of $1195 XAU/USD is currently trading around $1211 marks. It made intraday high at $1211 and low at $1206 marks. Intraday bias remains bearish till the time pair holds key resistance at $1220 marks...
FxWirePro: Nikkei225 Faces Resistance at 100 Day 4EMA, Good to Sell on Rallies Major support - 16,400 Nikkei Index has snapped its early gains made today morning .It has declined around 0.12% today at the time of writing. and currently trading around 16582...
FxWirePro: AUD/NZD Stable Around Fresh 4-Month Low, Good to Sell on Rallies AUD/NZD is trading around 1.0605 marks. Pair made intraday high at 1.0623 and low at 1.0596 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0647/ 1.0739 marks. A daily close below 1...
FxWirePro: USD/KRW Strongly Holds 1190 Mark, Downside Limited USD/KRW is currently trading around 1190 levels. It made intraday high at 1192 and low at 1185 marks. Pair is moving in a firm range from 1185 to 1195 marks...
Gold Finds Good Support Near $ 1207, NFP in Spotlight Gold trades moderately higher in the Asian trades, underpinned by risk-off markets and a broadly lower US dollar, as we head towards the ECB policy decision on the interest rates. Gold re-takes 5-DMA Currently, gold now trades +0...
Asian Stocks Defend Gains ahead of NFP, China Services PMI Weigh The Asian stocks staged a minor pullback on the final trading day of this week, snapping two back-to-back days of declines, as markets look to unwind their positions ahead of the highly influential US labour market report, which may...
Goldman Sachs Downgrades View on Chinese Yuan from 'Cautious' to ‘Outright Negative’ Analysts at Goldman Sachs downgraded their outlook on the yuan, shifting from a more cautious stance to a negative one at present...
USD/JPY Offered Near 50-DMA, Gives Up 109 Handle USD/JPY’s recovery from three consecutive sessions of losses faltered just shy of 50-DMA at 109.16, with the major now turning lower below 109 handle, as the risk sentiment appears to have worsened over the last hour...
FxWirePro: Japanese Yen falls in Early Hours After Lower Than expected Cash Earnings Data USD/JPY is currently trading around 108.90 marks. It made intraday high at 109.13 and low at 108.74 levels. Today Japan released average cash earnings data with negative numbers at 0.3% m/m vs 1...
Intermarket: Market Sentiment Deteriorates on China's Service PMI China's Caixin Service PMI (May) came lower-than-expected, with growth slowing to a 3-month low, leading to a worsening of the slightly more constructive sentiment seen on Thursday, with the Nikkei 225 giving back the vast majority...
AUD/USD Fades a spike to 0.7240 on Weaker China Services PMI The AUD/USD pair failed to sustain at higher levels and turned negative once again following the release of the Chinese services sector activity report, which missed estimates. AUD/USD revisits daily lows...
USDJPY: With USDJPY weakening further on Thursday, more weakness is expected. On the downside, support comes in at the 108.00 level where a break if seen will aim at the 107.50 level. A cut through here will turn focus to the 107.00 level and possibly lower towards the 106.50 level...
