Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, April 14th EUR/USD continues to lose ground following the general recovery of the dollar, renewing this month lows at 1.1254 spot. The dollar index now trading at multi-day highs...
Mixed retail sales and weak PPI data and a strong 10-year auction supported a decent intraday rally in longer-end Treasuries that reversed a softer start and left yields mixed at the close and the curve several bp flatter on modest short-end losses and long-end gains...
FxWirePro: BTC/USD Consolidates in Narrow Range, Good to Buy at Dips Major Resistance - $428 BTC/USD has slightly retreated till $420.57 at the time of writing after making a high of $426.67. It is currently trading around $422. Short term trend is slightly bullish as long as support $400 holds...
Technical Analysis of USD/CHF for April 14, 2016 USD/CHF is expected to prevail its upside movement. The pair remains in a bullish trend, supported by its ascending 20-period and 50-period moving averages. The nearest support at 0.9610 should limit any downward attempts...
Technical Analysis of NZD/USD for April 14, 2016 Downside movements are expected to prevail in NZD/USD. The pair clearly reversed down, and is now capped by its falling 20-period and 50-period moving averages on an intraday basis...
Technical Analysis of GBP/JPY for April 14, 2016 GBP/JPY is under pressure and expected to trade in lower range. The pair ran down to 155.75 overnight before posting a rebound. Currently, the rebound is losing momentum while the pair remains capped by the descending 50-period moving average...
Technical Analysis of USDX for April 14, 2016 The Dollar index is reversing upwards as we expected. Bulls were warned that a reversal was coming. Price broke above the downward sloping wedge and now it is turning upwards in an impulsive pattern...
Technical Analysis of Gold for April 14, 2016 Gold price is moving exactly as we predicted. Price reversed lower and pushed below short-term support towards our short-term target of $1,230 as we pointed out yesterday. Gold could see a bounce today. I expect price to continue lower towards $1,190...
The RBA’s attempt to talk down the currency has done little damage to the AUD. In fact, it spiked higher on the day of the RBA meeting, where the statement mentioned that “an appreciating exchange rate could complicate the adjustment underway in the economy...
EUR/USD: Change to Bearish: Downside potential likely limited to 1.1145. We have held a neutral EUR view for close to 4 weeks and the break below the key 1.1325/30 support yesterday indicates that the neutral phase has ended...
Dollar-yen rose Wednesday above Y109 for the first time since closing below that mark nearly a week ago. The pair has been underpinned by firming U.S. Treasury yields, as well as the feel-good effect from rising oil prices, which now is taken to mean improved global growth...
FxWirePro: Safe Bet on EUR/JPY Negative Risk Reversals - Better to Deploy OTM Shorts in Bear Option Combinations Please observe in the above nutshell how delta risk reversal numbers are inching higher into negative values gradually in a long run (flashing at negative 1.35 for 1 month expiries...
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Technical Analysis of USD/CAD for April 14, 2016 General overview for 14/04/2016: The wave (b) blue of the internal corrective cycle might be about to complete as the first projected target level has been hit. The current corrective sub-wave (b) target is the yellow rectangle area...
Technical Analysis of EUR/JPY for April 14, 2016 General overview for 14/04/2016: The downward breakout wasn't strong enough to violate the important intraday level of 122.81, but there is still a chance the bears will do it later...
Against a backdrop of low inflation and slower growth, the surprise easing in Singapore has again brought the focus back onto the currency tool. The Monetary Authority of Singapore has reduced its SGD NEER slope to zero, a policy last used during the financial crisis in 2008...
Technical Analysis of Silver for April 14, 2016 Technical outlook and chart setups: Silver is still seen to be holding well above $16.00 levels and might be looking to push through $16.40 levels before producing a meaningful retracement. The metal rallied past $16...
Technical Analysis of Gold for April 14, 2016 Technical outlook and chart setups: Gold formed a bearish evening star candlestick pattern on the daily chart yesterday and continues to print lower lows today. The metal is trading at $1,232.00/33.00 levels at the moment and is expected to hit $1,140...
Elliott Wave Analysis of EUR/NZD for April 14 - 2016 Wave summary: Important support at 1.6229 has protected the downside nicely and the strong rally from the 1.6242 low does indicate that a firm low is in place. That also keeps our long-term count intact calling for a rally to 1...
