GBP/USD Strengthens as JPY Sees Profit Taking GBP/USD is trading on a positive note as JPY crosses (GBP/JPY) are up on profit taking ahead of the weekend. Eyes GBP/JPY and UK data Pair remains at the mercy of the action in the GBP/JPY cross...
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EUR/GBP Navigates Session Lows Near 0.8080 EUR/GBP is posting gains for the first time after three consecutive advances, currently hovering over the 0.8080 area...
EUR/USD weaker, Heading Towards Hourly 200-SMA The EUR/USD pair trades subdued heading towards early Europe, as the greenback extends previous gains against its major peers in response to the less dovish remarks from Fed Chair Yellen...
Guide to Today's Important Data and Events Not many economic dockets scheduled for today and all with low to medium risks associated. Upcoming – Japan – Consumer confidence for March will be released at 5:00 GMT. Eco watchers survey will be released at 6:00 GMT...
US: Shrinking Universe – BNPP Alexandra ESTIOT, Research Analyst at BNP Paribas, notes that the Fed is worried about the negative risks the global slowdown pose to US growth...
USD/JPY Regains Momentum, 109 Back on Sight The USD/JPY recovery from one and a half year lows regained momentum over the last hour, with bulls extending their control and now attempts another run towards 109 barrier. USD/JPY: Yen drops on profit-taking Having peaked at 117...
AUD/CAD & NZD/CAD Shorts Ideal for This Latest Burst of Risk Aversion? - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the markets have been leaning toward a more risk averse tone in recent days...
AUD/USD Bounces Alongside Oil, Supported at 0.7500 AUD/USD is seen making a minor-recovery attempt so far this Friday, as higher commodities’ prices, especially oil, lift overall market sentiment. AUD/USD extends beyond 0.75 handle Currently, the AUD/USD pair rises 0.28% to 0...
SGD: MAS Preview - Westpac Sean Callow, Research Analyst at Westpac, suggests that the MAS semi-annual policy announcement will be delivered Thursday, along with Singapore's advance Q1 GDP...
ECB Minutes: No Sound of Any Helicopters - ING Peter Vanden Houte, Chief Economist at ING, suggests that the minutes of the ECB’s March meeting brought little news...
FXWIREPRO: ASX200 Faces Strong Support Around 5850, Good to Buy at Dips Major resistance -5000 (55 4H EMA) Major support 4850 ASX200 has recovered after making a low of 4888. It is currently trading at 4938. Short term trend is slightly bullish as long as support 4850 holds...
FXWIREPRO: Gold Fails to Break Key Resistance at $1242, Good to Buy on Dips XAU/USD is currently trading around $1237 mark. It made intraday high at $1240 and low at $1235 levels...
FXWIREPRO: Nikkei225 Faces Strong Support Around 15000, Good to Buy at Dips Major Support - 15000 (200 W MA) Major resistance - 16420 (7 W EMA) The index has made a low of 15323 and recovered till from that level. It is currently trading around 15658...
FXWIREPRO: Japanese Yen Falls Slightly Despite Better Than expected Current Account Data USD/JPY is currently trading around 108.65 marks. It made intraday high at 108.81 and low at 108.06 levels. Today Japan released current account data with positive numbers...
USD/JPY Out of the Bigger Picture? - TDS Analysts at TD Securities explained that USD/JPY has traded decisively below the key support/psychological level of 110. Key Quotes: "For the near term, the balance of risk remains skewed to the downside...
USD/JPY: Bid but Headed Back Towards 200 Week SMA? USD/JPY has rallied in the opening hour of Tokyo; however, we are in highly bearish territory and if the bulls cannot find traction back to the 110 handle with conviction, the bulls could find themselves way out of the bigger picture...
A rocky start to 2016 is taking its toll on the outlook for U.S. economic and job growth this year...
The yen has been flying again on Thursday, after the prospect of intervention in the currency markets to stem its appreciation was played down by a number of officials including Prime Minister Shinzo Abe...