All Blogs
USD/JPY: Bull Run Off 107.50 Backed Up by Jump in Open Interest Preliminary data from the CME Group shows that futures traders have been adding new long-sided business in the 6J contracts (USD/JPY) during this week, suggesting that the current rebound off 107...
Technical Analysis of USD/JPY for April 14, 2016 In Asia, Japan will release the 30-y Bond Auction and the US will release some economic data such as the 30-y Bond Auction, Natural Gas Storage, Unemployment Claims, Core CPI m/m, CPI m/m...
BoC: On Hold, Raises Forecast with Cautious Tone - Nomura Charles St-Arnaud, Research Analyst at Nomura, notes that as widely expected, the Bank of Canada (BoC) kept its policy rate unchanged at 0...
This weekend a long-awaited meeting of key #oil market representatives will be held in #Doha, Qatar. The market expects that as a result of this meeting, producers will "freeze" oil production at the current levels. Let's highlight some key issues of the meeting...
FxWirePro: Buy Gold Above $1234 With Stop Loss at $1227 and Target $1247 XAU/USD is currently trading around $1234 mark. It made intraday high at $1242 and low at $1228 levels. Intraday bias remains bullish till the time pair holds key support at $1228 marks...
FxWirePro: NZD/CAD Faces Strong Resistance Around 0.8905 , Good to Sell on Rallies Major support- 0.8750 The pair has broken minor support 0.8800 and declined till 0.87929. It is currently trading around 0.87929. The Bank of Canada (BOC) as expected kept its interest rates unchanged at 0...
Oil Retreats Further from 5-Month Highs, Doha Talks in Focus Oil benchmarks on both sides of Atlantic fell further into losses on Thursday, moving further away from multi-month peaks as bearish inventory report and nervous ahead of Doha OPEC meeting weighs on investors’ minds...
Daily Analysis of USDX for April 14, 2016 USDX is very close to finding strong resistance around the 94.85 level in an effort to resume the bearish bias toward new lows, as the Index is getting outside of the 200 SMA on the H1 chart...
Daily Analysis of GBP/USD for April 14, 2016 GBP/USD is trying to test the support level of 1.4163, where a breakout can happen to reach new lows. We should keep in mind that a strong resistance is placed around the 1.4278 level, which is also giving us the path for a short-term basis...
Gold Drops to 50-DMA as Equities Extend Rally, Dollar Strengthens Gold prices fell to 50-DMA of $1232.63 as Asian equities extended the risk-on rally seen on Wednesday and the US dollar strengthened to 95.00 handle...
USD/CAD Keeps Highs Near 1.2870, US CPI Eyed The greenback is pushing higher vs. its Canadian peer on Thursday, with USD/CAD testing the area of session highs near 1.2870...
Daily Analysis of Major Pairs for April 14, 2016 EUR/USD: The rally on the USD/CHF pair has forced EUR/USD to break southward. The price is now below the resistance line at 1.1300, going towards the support line at 1.1250...
AUD: Solid Employment Report Not New for RBA – TDS Research Team at TDS, suggests that the RBA has long-held the view that the labour market is solid, for a while last year defying otherwise soft economic growth...
BoE and US CPI in Focus Today – Danske Bank Research Team at Danske Bank, suggests that the BoE and US CPI data will be the most important economic releases for the day. Key Quotes “In Europe focus will be on the Bank of England meeting and the final inflation data for Euroland...
EUR/GBP Attempts Recovery Towards 0.80 Ahead of BOE The cross in the EUR/GBP found fresh bids below the mid-point of 0.79 handle, and from there embarked upon the recovery mode amid broad GBP weakness. EUR/GBP regains 20-DMA at 0.7969 Currently, the EUR/GBP pair trades 0...
BoE: Straightforward and Unanimous No-Change Policy Meeting - TDS Research Team at TDS, suggests that the Bank of England’s (BoE) MPC meets for what is likely to be a relatively straightforward and unanimous no-change policy meeting...
GBP/USD Succumbs to Broad Based USD Rally GBP/USD took out 1.42 handle in early Asia and now trades around 1.4125 levels as US dollar continues to gain ground across the board. Surrenders weekly gains As of now the spot is trading largely unchanged on the week. Pair rose to a high of 1...
FxWirePro: Silver Fails to Break Key Support at $15.98, Intraday Bias Remains Bullish XAG/USD is currently trading around $15.05 marks. It made intraday high at $16.21 and low at $15.99 levels. Intraday bias remains slightly bullish till the time pair holds immediate support level at $15.98 marks...
Talking Points US Oil prices Tuesday rose above the 200-day SMA for the first time since July 29, 2014 Crude volatility, volume, open interest and options activity signal extraordinary interest Fundamentals in supply-demand are key, including the Doha meeting scheduled April 17 See the DailyFX An...
