Valeria Bednarik, chief analyst at FXStreet explained that risk aversion led the way at the beginning of the week, after oil producers failed to reach an agreement in the Qatar meeting. "Surprisingly, the common currency was unable to run as usual lately on safe-haven demand, holding below the 1...
We do not expect any ECB action at this week’s policy meeting. After the big package in March, we think the ECB will have a few months before it needs to go back to the drawing board...
Crude oil prices slipped as expected after OPEC and non-OPEC members Sunday failed to come to agreement about freezing production at January levels. However, oil prices did not fall as far as the market feared and in U.S...
GBP/USD Capped at Key Resistance Before 1.4346 Trend Line GBP/USD was initially dragged up on the crosses with GBP/JPY making a huge rally as Yen got sold-off. GBP/USD has staged a continued upside effort and headed for a break of key resistance...
FxWirePro: EUR/USD Resumes Upside After Breaking Resistance Level at 1.1300 The EUR/USD pair inched higher on Monday as the pair attracted buyers as weak dollar and falling oil prices increased the demand for euro. The pair initially dipped towards 1.1274 levels in the early European session...
EUR/USD Consolidates Above 1.1300 The euro reached a fresh daily high against the US dollar during the American session at 1.1331, the strongest level since last Wednesday. Afterwards it pulled back modestly but remained above 1.1300...
EUR/USD: Comfortable Around 1.13 Handle - Scotiabank Analysts at Scotiabank noted that EUR/USD looks relatively stable around the 1.13 line but the EUR traded poorly overall last week, losing ground against every G10 counterpart apart from the CHF...
FxWirePro: Gold Dips Towards Lower Range But Bias Remains Bullish The yellow metal traded higher on Monday, as dollar declined slightly and European shares dipped following no deal between oil producers to cut oil output which sent oil prices down...
USD/JPY: Capped at 100 Hr SMA on Strong Recovery USD/JPY has rallied as markets recover and some after the Doha event that failed to find a concord between oil ministers in OPEC and non-OPEC nations meeting over the weekend...
Analysts at UOB in Singapore want to see technical confirmation of the AUD/USD’s uptrend triggered before chasing the currency higher...
The EUR has recently depreciated versus the USD and with theEuropean Central Bank meeting due this week that trend lower could be questioned. All eyes will be on Thursday’s ECB governing council meeting which should set the tone for the shared currency over the remainder of the month...
BNP Paribas' commodity strategists view that the Doha meeting produced the most bearish outcome for oil prices amongst the various scenarios the market was looking at: no deal, no future calendar and a fight for market share that is still very much at the heart of producer policy. "We think the 2...
Fibo Machine Pro – 2016 software by Karl Dittmann that sells from 18 April 2016. Indicator shows levels on your Metatrader chartwith BUY points, SL, TP levels Trading based on FIBO levels, Creator of indicator – Karl Dittmann, but we not sure 100...
AUD/USD's Huge Daily Reversal to Fresh 2016 Highs AUD/USD has followed suit of the recovery in oil and has closed and exceeded the bearish opening gap. Moreover, the price has rallied to fresh highs for 2016, scoring 07760 and up +0.40% on the session and from lows of 0.7631...
USD/CHF Breaks Short-Term Range and Falls Toward 0.9620 USD/CHF started the week moving within the range of the previous days, between 0.9650 and 0.9680. Initially, it rose to test the upper limit but then, a decline of the US dollar across the board pushed the pair to the downside...
USD/JPY: The Yen has Grown Due to the Collapse in the Meeting in Doha During today’s Asian session the Yen has traded upward against the other currencies due to the negative result of the meeting in Doha...
EUR/GBP: Important Support in the 0.7925 - 0.7880 Region - Lloyds Analysts from Lloyds Bank, a break below 0.7925 - 0.7880 would support further EUR underperformance. Key Quotes: “The cross has pulled back and is holding important support in the 0.7925-0.7880 region...
EUR/USD Attempting Gains Above 1.13, Eyes Fed Speak EUR keeps its bid tone intact in the US session, with the EUR/USD pair now looking to extend gains above 1.13 handle ahead of speeches from Fed’s Dudley and Rosengren. Supported by 1.1274 The spot found bids around 1...
