FxWirePro: Go Long on AUD/NZD Above 1.1123 With Stop Loss at 1.1060 and Target at 1.1357 AUD/NZD is trading around 1.1145 marks. Pair made intraday high at 1.1151 and low at 1.1052 marks. Aussie gains sharply after better than expected Australia’s employment data...
FXWIREPRO: South Korean Won Falls by 1 Pct Against US Dollar, Good to Buy on Dips USD/KRW is currently trading around 1155 levels. It made intraday high at 1156 and low at 1144 levels. Intraday bias remains bullish for the moment...
Valeria Bednarik, chief analyst at FXStreet explained that the EUR/JPY pair turned back south this Wednesday, as the common currency under-performed against all of its major rivals, although with the JPY also weak, the pair remained within its recent range...
• AUDJPY Rebound off key support at risk- on the lookout for short-triggers • Resistance / Bearish invalidation at 84...
According to analysts from Wells Fargo, today’s report on inventories from February continues to show an adjustment that should continue as the Inventory-to-sales ratio remains elevated. They expect inventories to be a drag on GDP growth during the first half of 2016...
According to analysts from Danske Bank, trade numbers from March show positive numbers that would contribute to the Chinese recovery but are not as strong as it looks. “Exports rose stronger than expected in March by 18.7% y/y (consensus 14...
Analysts from Lloyds Bank, expect a rate hike from the Federal Reserve in June, that would send NZD/USDtoward 0.64. “Since its 0.6350 low in mid-January, NZD has experienced a gradual appreciation against the USD...
The market has started testing the central banks Markets have stopped focusing on what central banks are doing and are positioning for what they believe central banks may or may not do...
As expected the BOC held its target for the overnight rate unchanged at 0.50% at today’s meeting. After a slow start to 2016, the US economy is expected to regain momentum and global growth is expected to strengthen too according to the Bank...
UBS targets EUR/CHF at 1.15 by the end of the year. * UBS AG is a Swiss global financial services company, incorporated in the Canton of Zurich,[2] and co-headquartered in Zurich and Basel...
EUR/USD Remains Vulnerable Below 1.1300 EUR/USD has spent the last hours consolidating near 2-week lows following an over 100-pip slide. The euro managed to recover a few pips following below-expectation US retail sales data, but dollar’s pullback short-lived and EUR/USD resumed the decline...
FXWIREPRO: GBP/USD Neutral Near-Term, Scope for Upward Resumption GBP/USD rebounded strongly towards 1.4255 levels in the early US session after US retail sales data printed negative figures. However, the pair turned back after failing to break resistance level 1...
GBP/USD Hovers Above 1.4200 GBP/USD has edged slightly lower on Wednesday but overall continues to trade within its weekly range, unable to set short-term direction in the absence of fundamental triggers. GBP/USD has continued to retreat from yesterday’s peak of 1...
USD/CHF Extends Gains Above 0.9600 The US dollar continued to recover ground against the Swiss franc on Wednesday and now is positive for the current month. Economic data from the US failed to weaken USD/CHF that hit a 2-week high during the American session at 0.9659...
AUD/USD Retreats after Testing March Highs AUD/USD is falling on Wednesday, despite weak US economic data. The pair printed a fresh daily low during the American session at 0.7635 and currently it trades at 0.7650/53, down 0.45% for the day. Falling from 0...
Markets are trading risk on, buoyed by better than expected China trade data, with Eurostoxx50 more than 2.5% higher and US front-end yields tentatively pushing higher...
The GBP/USD exchange rate has relinquished its four day advantage, even as front-line US data disappoints market expectations. The U.S. dollar was in fine form in mid-week trade, bringing an end to the poor run we have seen over the course of April...
The Bank of Canada HAD to raise its 2016 growth forecast, since the Governor's boss, Minister Morneau, is out touting the benefits of fiscal stimulus, and December/January GDP surprised on the upside...
EUR/USD Drops Further to Test 1.1270 The selling pressure is now gathering further steam around the euro, dragging EUR/USD to test lows in the 1.1270 region...
