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Elliott Wave Analysis On 10 Year US Notes And Yen The wave count on 10 year US notes shows new three wave recovery in play back to 130'14 which means that for now JPY can be headed higher. GBPJPY is the weakest, followed by CADJPY...
The US Manufacturing ISM Improved Unexpectedly in May European shares opened slightly lower but lost further ground during the session as sentiment weakened at the start of the new month. Currently, European shares lose up to 1%. US equities opened lower too...
Optimistic Draghi Not Enough to Save the EUR The European Central Bank is expected to leave its massive bond-purchase program unchanged in its June monetary policy meeting, but Mario Draghi may have a reason to be optimistic this time, despite inflation in the EU remains subdued and far below the...
US Dollar Bid after ISM, Still in Red Near 95.50 The greenback, tracked by the US Dollar Index, has managed to leap to the 95.65 area after the release of the ISM manufacturing, although it has returned to the mid-95.00 soon afterwards. US Dollar supported near 95...
GBP/USD Stays Down after US Data GBP/USD remained little changed, trading near 2-week lows, following the release of mixed US data...
USD/CHF Bounces Off 0.9860 Post-ISM The greenback found some respite after the auspicious ISM manufacturing, with USD/CHF now managing to bounce off 2-week lows in the 0.9860 area and test the 0.9900 handle...
EUR/USD Trims Gains after US ISM Manufacturing PMI Data The EUR/USD pair reversed from a fresh weekly high level of 1.1186 and trimmed its gains to currently trade at 1.1150 following the release of better-than-expected US ISM Manufacturing PMI data...
Upside Vulnerability in USD/CHF From an hourly perspective, the USD/CHF has reached its lowest momentum reading of the last 20 days of trading. Moreover, the recent plummeting USD/CHF price action has been highlighted by an above-average reading in the MACD histogram...
AUD/JPY Remains a Wild Card Bollinger Bands® on AUD/JPY 1hr charts continue to reflect a volatile environment, but one with no dominant trend on higher time frames. ADX tracks below 30 suggesting a sideways price action...
CFD Trading has been quite popular for some time now. Also known by the term “commodities trading”, it signifies the action of a trader realizing the value of the difference between the starting and final price of a certain amount of commodity. The full form for CFD is “Contract for Difference”...
USD/JPY Bears Remain Unobstructed The hourly ADX(14) has just crossed above 50, emerging from below the 30 levels where it has been seen during the previous market session...
USD/JPY Recovers a Bit to 109.25 ahead of ISM Manufacturing Strong Yen demand across the board has put heavy downward pressure on the USD/JPY pair that dropped to a fresh session low level of 109.00 before recovering a bit, to currently trade near 109.25...
USD/JPY Forecast: Back in the Bearish Path USD/JPY Current price: 109.21 Back in the bearish path. The USD/JPY pair is in free fall this Wednesday, down to 109.08 so far today...
AUD: Limited Downside Risks; GBP: To Trade Within This Year's Range - Credit Agricole In Australia, at 3.1% (cons. 2.8%) Q1 GDP was released well above expectations. From that angle it remains difficult to make a case of further rising RBA easing expectations to the detriment of the AUD...
AUD/USD Continues to Pull Back from 2-Week Highs AUD/USD came under pressure over the last hours and pulled back from fresh 2-week highs as sentiment continues to deteriorate in financial markets, putting risky assets on the defensive. AUD/USD peaked at 0...
Market Update: Crude Chart Here’s a 4-hour chart for Brent (UK) crude oil: The chart shows how significant the area around $48 has been over the past month. It acted as resistance at the end of April and earlier this month, then as support over the last week...
GBPUSD Continues To Face Downside Pressure GBPUSD: With the pair seen extending its weakness, more decline is expected. On the downside, support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down, support lies at the 1.4350 level...
FxWirePro: EUR/USD Forms Bearish Gartley Pattern, Good to Sell on Rallies Harmonic pattern Formed- Bearish Gartley pattern Potential Reversal Zone (PRZ) - 1.12168 EUR/USD has recovered from the low of 1.1140 made today morning till 1.11797 at the time of writing. It is trading around 1.11700...
GBPUSD: With the pair seen extending its weakness, more decline is expected. On the downside, support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down, support lies at the 1.4350 level. Below here will set the stage for more weakness towards the 1...
