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EUR/GBP Faces Resistance at 0.8162/0.8200 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the European cross faces strong resistance in the 0.8162/0.8200 band...
EUR/USD Drops to Lows Near 1.1380 The single currency has now come under renewed selling pressure, dragging EUR/USD to the area of session lows near 1.1380. EUR/USD weaker ahead of Fed Spot has given away recent gains and returned to sub-1...
Analysis : Triangle has broken through the support line at 07-Apr-16:00 2016 GMT. Possible bearish price movement forecast for the next 3 days towards 0.744. Supporting Indicators : Downward sloping Moving Average Resistance Levels...
Indonesian Bonds Gain on Bank Indonesia Easing Expectations The Indonesian long-term bonds gained on Monday as market anticipate another 25-50 bps cut in 2016 due to soft economic growth. The benchmark 10-year bonds yield, which is inversely proportional to bond price fell 0.40 pct to -7...
GBP/USD Jumps to Highs Near 1.4220 The sterling met some upside pressure following a positive start of European equities on Monday, with GBP/USD testing highs above the 1.4200 handle...
FXWIREPRO: FTSE100 Faces Strong Resistance at 6225, Good to Sell on Rallies Major support -6080 (trend line joining 6006 and 6060) Major resistance – 6225 (200 day MA) The index has once again retreated after making a high of 6217. It is currently trading around 6169...
Testing the yen There is currently a stand-off on the yen between the market and the Japanese authorities and for the moment, the market is winning hands down. Thanks to Friday’s late yen gains, USDJPY has now been falling for seven consecutive sessions (including today...
Technical Analysis of USDX for April 11, 2016 The Dollar index remains in a bearish trend but this trend is soon to end and reverse upwards as there are many divergence signs. Dollar bears should be very cautious as the 94 price level is heavily defended by dollar bulls...
Technical Analysis of Gold for April 11, 2016 Gold has broken upwards above the short-term bearish channel and above the short-term resistance at $1,145-50 giving a bullish signal. However, bulls need to be very cautious despite the small chances of making a new higher high towards $1,300...
Technical Analysis of USD/CHF for April 11, 2016 USD/CHF is expected to trade in a lower range. The pair remains under pressure below its key resistance and is expected to post further consolidations. Meanwhile, the relative strength index lacks upward momentum...
JPY: Japan Strengthens Direct Intervention Threat - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the verbal intervention from Japanese officials has had only a limited impact at dampening yen strength in the near-term...
EU Referendum Officially Kicks Off This Week - TDS Research Team at TDS, suggests that the UK’s EU Referendum officially kicks off on Friday...
Technical Analysis of NZD/USD for April 11, 2016 NZD/USD is expected to trade in a higher range as the key support is at 0.6770. The pair bounced off Friday from its key support base around 0.6770-0.6755, which should limit any downward attempts...
Technical Analysis of GBP/JPY for April 11, 2016 GBP/JPY is expected to trade with a bearish bias as the pair is expected to trade in a higher range. The pair might be forming an intraday "rounding bottom" pattern, and is likely to challenge its next resistance at 1.4170...
European Stocks Drop as Oil Falters Stock markets across Europe dropped in early trading, tracking weak Asian equities and drop in oil prices. At the time of writing, Stoxx 50 index was down 0.50%. Germany’s DAX was down 0.63% and France’s CAC was down 0.58%. UK’s mining heavy FTSE was down 0...
US: Weak Start to the Year Reinforcing USD Weakness - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the US dollar continues to remain on the defensive in the near-term undermined the Fed’s dovish policy shift...
Pressure Points, Negative Rates and the Fading Risk Rally – Danske Bank Research Team at Danske Bank, suggests that the pressure points are building in financial markets after 1.5 months of risk rally...
There is no trade call for the session. As always on Mondays I prepared the currency update so you can familiarize with the situation in the markets. Currency Update USD: Employment figures for March were solid with 215,000 jobs added, a rise of 0...
USD/JPY Still Targets 106.63 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, a visit to the 106.60 area remains on the cards. Key Quotes “USD/JPY charted an inside day on Friday as it attempts to absorb some of last weeks sharp falls”...
