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RBA Likely to Remain ‘On Hold’ for Now – Westpac Sean Callow, Strategist at Westpac Global Strategy Group, believes the RBA will not deliver further easing in the next months. Key Quotes “The RBA held the cash rate at 2.0% in April as expected...
Elliott Wave Analysis of EUR/NZD for April 12 - 2016 Wave summary: We were looking for a break above resistance at 1.6830 and instead we have seen a break below support at 1.6605. This cross continues to disappoint and do whatever it can to cover up its real intentions...
Oil Eases-Off Multi-Week Highs, WTI Near $ 40 Oil benchmarks on both sides of Atlantic paused its 2-day rally and dipped this Tuesday, as the traders turned cautious ahead of the API and EIA inventory reports...
GBP/USD Strong Resistance Lies at 1.4380/1.4450 – UOB According to the research team at UOB Group, the pair faces a tough up barrier in the 1.4380/1.4450 band...
UK CPI and Fed Speak in Focus Today – Danske Bank Research Team at Danske Bank, suggests that several Fed members are due to speak this week. Key Quotes “Today, it is time for Harker, Lacker and Williams to deliver their view on the economy...
Elliott Wave Analysis of EUR/JPY for April 12 - 2016 Wave summary: Red wave [iv] has turned into a triangle consolidation, which should be over soon for a downside thrust towards 120.98 as the next downside target in red wave [v] and red wave iii...
AUD/USD Could Test 0.7759 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the Aussie dollar could extend the upside towards 0.7760...
USD/JPY Finally Takes Out Hourly 50-MA Hurdle USD/JPY is trading comfortably above hourly 50-MA, which repeatedly capped recovery in the pair since last week. Technical recovery gathers pace The spot now trades around 108.30 levels, which is well above the hourly 50-MA level of 108.18...
USD/CAD Finds Bids Above 1.2900 The greenback is now trading on a firmer note vs. its Canadian peer on Tuesday, taking USD/CAD back above the 1.2900 barrier...
FXWIREPRO: NZD/JPY Breaks Strong Trendline Resistance at 74.10, Targets 75 NZD/JPY has broken above strong trendline resistance at 74.10 and is currently trading around 74.50 levels. The pair is extending upside for the 3rd consecutive session after hitting fresh 8-month lows at 72...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risk associated. Data released so far – Australia – National Australia Bank’s business confidence improved to 6 from 3, while business conditions improved to 12 compared to 8. Upcoming –...
FXWIREPRO: AUD/JPY Trend Analysis - Encourage Intraday Bulls, Short Term Speculators and Long Term Bears to Prolong Please be noted that we were bearish bias and accordingly we suggested shorts in this pair. Refer below link for further readings on our earlier post on this pair: http://www...
FXWIREPRO: USD/ZAR Remains supported Just Above 14.64, a Break Below Targets 14.26 USD/ZAR Pair is currently trading at 14.70 marks. It made intraday high at 14.75 and low at 14.68 levels. Intraday bias remains neutral till the time pair holds key support level at 14.64 levels...
Technical Analysis of EUR/USD for April 12, 2016 When the European market opens, some economic news will be released such as the German WPI m/m, German Final CPI m/m. The US will release economic data too such as the Federal Budget Balance, Import Prices m/m, NFIB Small Business Index...
Technical Analysis of USD/JPY for April 12, 2016 In Asia, Japan will release the Prelim Machine Tool Orders y/y, Bank Lending y/y and the US will release some economic data such as the Federal Budget Balance, Import Prices m/m, NFIB Small Business Index...
ECB’s Villeroy: Low Interest Rates are Consistent with Mandate Speaking on Radio Classique, ECB governing council member and Bank of France governor Villeroy said that Europe needs a finance minister in place, besides commenting on the inflation outlook...
EUR/GBP Flirting with 0.8000, UK Data Eyed EUR/GBP is looking to stabilize in the 0.8000 area following yesterday’s sharp pullback from the 0.8100 neighbourhood...
Australian Business Confidence Surges – Deutsche Bank David Plank, Macro strategist at Deutsche Bank, notes that in Australia the NAB business survey reported a rise in confidence and conditions. Key Quotes “Business conditions rose to 12, the highest level since the global financial crisis...
EUR/JPY Extends Recovery Above 123.50 as Yen Retreats The European currency reverses a part of yesterday’s losses against its Japanese counterpart in early Europe, driving EUR/JPY above 123.50 levels. EUR/JPY rises above 5-DMA at 123.31 The EUR/JPY pair advances 0...
