USD/CAD Weaker, Breaches Below 1.2700 USD/CAD has intensified its downside against a backdrop of a generalized bearish sentiment surrounding the greenback. USD/CAD focus on oil Spot has retreated to 5-week lows as the selling pressure around USD remains unabated...
US Dollar Keeps Falling, Closer to 93.50 The selling pressure remains intact around the greenback when tracked by the US Dollar Index, currently grinding lower to the 93.60 area...
GBP/USD Spikes to The Vicinity of 1.4600 Handle The GBP/USD pair bulls initially seemed unimpressed with surprisingly strong manufacturing data before the pair regained its bullish momentum and spiked to a fresh session high level of 1.4595, a whisker away from 1.4600 handle...
EUR/GBP Erases Recovery Gains to 0.7840, Trading Flat Around 0.7800 The EUR/GBP cross erased all of its Wednesday's up-move and turned flat as renewed GBP buying interest emerged after surprisingly strong manufacturing and industrial production data...
NZD/USD Still Bullish, RBNZ on Focus – UOB Analysts at UOB Group have reiterated the bullish perspective for the Kiwi dollar ahead of the RBNZ decision due tomorrow. Key Quotes “Against our expectation, NZD continues to march higher despite overbought conditions...
USD/CHF Breaks Major Support 0.9628, Targets 0.9540 Major support – 0.96280 (61.8% retracement of 0.94294 and 0.99508) Major resistance -0.9660 (Support turned into resistance) USD/CHF has broken major support 0.96280 and slightly declined from that level. It is currently trading around 0.96299...
AUD/USD Sell the Rallies to 0.7480 – Westpac Strategists at Westpac have reiterated the ‘sell-on-rallies’ outlook on the Aussie dollar. Key Quotes “The RBA’s steady hand this week was no surprise but the lack of an overt easing bias was”...
Yen Demand at The Moment is as a Form of ‘Brexit’ Insurance - SocGen Kit Juckes, Research Analyst at Societe Generale, notes that Japan’s Q1 GDP was revised up to show a 1.9% annualised growth rate in Q1. Key Quotes “The same series is flat on a y/y basis so I’m not getting over-excited...
GBP/USD Negative Bias Confirmed Below 1.4285 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair needs to close below 1.4285 to confirm the negative bias. Key Quotes “GBP/USD has bounced from support but remains below initial resistance at 1.4665...
USD/JPY Struggling to Build On to Its Recovery Beyond 107.00 After arresting Asian session fall to session low level of 106.72, the USD/JPY pair now seems to have stabilized and is trading in a tight range around 107.00 handle...
WTI Through $51.00, Fresh 2016 Tops The barrel of West Texas Intermediate is extending its rally today, currently surpassing the key $51.00 mark...
USD/CHF Slips for Fourth Straight Day, Might Hold 0.9600 Level Disappointing May jobs report continue to weigh on the US Dollar with the USD/CHF pair dropping to monthly low level of 0.9624 despite of weaker-than-expected Swiss CPI print...
FxWirePro: DAX30 Faces Strong Resistance at 10500, Good to Sell on Rallies Major resistance – 10450-10500 (161.8% retracement of 10285 and 10038 and Apr 21st high) Major support – 10000 (90 day EMA) DAX has jumped till 10317 yesterday after making a low of 10038 on 3rd Jun 2016...
Chinese Imports Jump Lifting AUD and NZD Market Drivers June 8, 2016 Chinese exports rise boosting commdollars UK MP/IP beats Nikkei 0.93% Dax -0.46...
AUD/JPY T-89 Pattern Suggesting a Possible Bounce The AUD/JPY pair spiked after a V shaped reversal at the bottom spiking up to 80.30, slightly below H3 camarilla pivot. Now moment price action is showing a completed T-89 pattern right off L4 support where we can see a confluence zone (L4, 38...
EUR/PLN Bounces Off Lows on NBP Decision The Polish Zloty is partially eroding its earlier advance vs. its European peer, pushing EUR/PLN to the 4.3460 area...
GBP/USD Forecast: Choppy Price Action Ahead of the Referendum The GBP/USD pair trades neutral around its daily opening, bouncing from a daily low set at 1...
USDCHF: Vulnerable, Targets Further Weakness USDCHF: Having the pair declined further on Tuesday, it looks to extend that weakness in the days ahead which is already underway. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0...
Crude Oil Target 3 Hit with Chinese Oil Imports Up 38% Crude Oil, daily Crude oil price is at the time of writing trading higher with support given to it by the hefty increase in Chinese import numbers, low US oil inventories and fears that Nigerian oil production might attract new attacks from t...
