David Tulk, Head of Global Macro Strategy at TDS, suggests that on the heels of two consecutive months of disappointing employment prints, the Canadian labour market likely recovered in March with a forecasted addition of 18k jobs...
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. EUR is holding on to its recent gains and at this stage, it is still unclear if it can move higher in a sustained manner in the days ahead. A close above 1...
AUD/USD Fades the Spike, Back Below 0.7600 The Aussie dollar is now losing the grip, prompting AUD/USD to return to the area of session lows in the 0.7565/60 band...
Technical Analysis of NZD/USD for April 05, 2016 NZD/USD is expected to trade with a bearish bias. From a chartist view, the pair remains on the downside, capped by its declining 20-period and 50-period moving averages. The relatively strong index is mixed with bearish, calling for a new pullback...
Technical Analysis of GBP/JPY for April 05, 2016 GBP/JPY is expected to trade in a lower range as pair is under pressure. The pair has been capped by its descending 50-period moving average and remains under pressure...
Technical Analysis of Silver for April 05, 2016 Technical outlook and chart setups: Silver is seen to be trading at $15.10 levels at this moment, looking to reverse lower towards $14.50 levels at least before turning bullish again...
Technical Analysis of Gold for April 5, 2016 Gold price held above recent low yesterday at $1,207 but remains inside the bearish channel. A new higher high towards $1,300-$1,320 is not ruled out yet as a break above $1,250 will increase the chance of this happening...
Technical Analysis of EUR/USD for April 05, 2016 When the European market opens, the following economic news will be released: Retail Sales, m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, German Factory Orders, m/m...
Brent crude has broken below a key level, the low from 15 March at 38.32, taking it through the bottom end of a trend channel. Combined with sitting at the 100DMA at 37.24 and then potential to move below the 50DMA at 36.54, the technical setup for the oil market isn't looking great...
Technical Analysis of USD/JPY for April 05, 2016 In Asia, Japan will release data on the 10-year Bond Auction, Average Cash Earnings, y/y. The US will unveil some economic data such as IBD/TIPP Economic Optimism, JOLTS Job Openings, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance...
EUR/JPY Drops to Lowest Since March 24th JPY bulls are on the rampage amid risk-off in the equities, courtesy of which the EUR/JPY cross has dropped to 125.70; lowest since March 24th. Offered below 50-DMA The offered tone gathered pace after the cross breached 50-DMA level of 126.72 in Asia...
FXWIREPRO: AUD/CAD Extends Range Trade, Capped Below Strong Trendline Resistance at 1.0002 AUD/CAD was rejected by strong trendline resistance at 1.0008. The pair is currently trading around 0.9957 levels after hitting session highs at 0.9976...
Gold Ignores Fed Rate Hike Talk, Stays on Front Foot Risk-off in Asia and the resulting safe haven demand overshadowed hawkish talk from Fed officials and kept Gold well bid heading into Europe...
USD/JPY Slumps to Fresh 2016 Lows at 110.60 The USD/JPY pair keeps falling in the early European trades, and now breaches the yearly lows reached at 110.65 last month...
FXWIREPRO: AUD/USD Fades RBA Induced Spike, Slips Below 0.76 Handle AUD/USD saw a 40-pips knee-jerk spike on RBA’s status-quo, hitting session highs at 0.7630. But bears quickly drag the pair lower. The major below 0.76 handle again, currently trading at 0.7589...
FXWIREPRO: USD/JPY Breaks Out Demand Zone at 111, Oscillators Lead Bearish Swings - Stay Short on Rallies Break-out below major supports at 111 levels (lower BB, Avrg. of recent lows) signals more scope for downside to targets upto 109.698 or 108.029 levels...
USD/JPY Initial Test Comes at 109.90 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees spot facing support around 109.90. Key Quotes “USD/JPY remained under pressure and is heading to the 110.67 recent low – there is scope for the 109...
EUR/USD Drops Further to 1.1380 on German Data, PMIs Eyed The EUR/USD pair is seen extending its retreat from ahead of 1.14 barrier into early Europe, and now hovers near session lows, awaiting fresh incentives from the EMU data releases. EUR/USD remains below 1.1400 Currently, EUR/USD trades -0...
GBP/USD Rejected at 50-DMA, Drops Below Hourly 200-MA GBP/USD was rejected at 50-DMA level of 1.4278 in Asia following bears strengthened their hold and pushed it below 1-hr 200-MA located at 1.4254 levels. Trades below hourly 50-MA The spot also sits below its hourly 50-MA level of 1.4249...
On Tuesday, the #yen is rising against the U.S. #dollar. On the one hand the growth was caused by a sharp increase in the wage level in Japan. On the other hand the uncertainty weighs on the dollar ahead of the publication of the #Fed meeting minutes. Find out more by checking out the Source Link...
