All Blogs
GBP/USD Forecast: Downward Risk Increase as the Referendum Looms The GBP/USD pair started the week gapping lower, erasing all of its Friday's gains and reaching a fresh three-week low of 1...
USD/JPY Recovers Further to Test 107.30 Amid Positive Equities The USD/JPY pair regained lost momentum and extended its recovery above 107 handle, now hovering in close proximity to session highs as the European stocks trade higher. USD/JPY heading towards 5-DMA at 107...
GBP/USD Scope to Test 1.4330 – UOB The door is still open for a test of the 1.4330 area in GBP/USD, according to the research team at UOB Group. Key Quotes “While GBP moved above the 1.4550 resistance last Friday, it was unable to hold on to its gains”...
AUD/USD Turns Flat, Consolidating Around 100-DMA The AUD/USD pair erased majority of early Asian session losses to 0.7315 level and turned flat as the greenback seems to add on to its Friday's sharp downfall...
RBA Seen ‘On Hold’ Tomorrow – TDS Strategists at TD Securities expect the RBA to keeps its monetary policy unchanged at its meeting tomorrow, at 1.75%. Key Quotes “We expect the RBA to hold at 1.75% after hawkish May Minutes and a string of decent data”...
GBP/USD Advances to Highs Near 1.4450 The sterling has left the area of session lows near 1.4350 and is now lifting GBP/USD aback above the 1.4400 handle. GBP/USD bounces off 1.4350 Spot has regained over a cent since earlier lows in the mid-1.4300s, managing to retake the 1...
EUR/USD Testing Highs Near 1.1360 on EMU Data The recovery in the EUR/USD pair stalled near 1.1365 region over the last hour, and the major now consolidates in a narrow range, finding support from upbeat Eurozone datasets. EUR/USD struggling to regain 1.1370 Currently, EUR/USD trades -0...
USD/CAD Reversing Early Gains, Dips Back Below 1.2950 After falling to 50-day SMA last Friday, the USD/CAD pair attempted a bounce back to 1.2983 before retracing back to currently trade below the mid-point of 1.2900-1.3000 handle. The pair on Friday nose-dived to 1...
Trading Anything UK-Related a Difficult Proposition Right Now - Dukascopy Bank Paul Rosenberg, Market Analyst at www.economiccalendar.com, on EUR/GBP The British Pound has fallen below the 1...
NZD/USD Off Session Low but Still Weak at 0.6930 The NZD/USD pair has managed to recover from an early dip to 0.6900 handle to currently trade near 0.6930 amid thin liquidity on the back of New-Zealand bank holiday in observance of the Queen’s Birthday...
FxWirePro: USD/CNY Falls Below 6.56 Mark, Faces Major Support at 6.5510 USD/CNY is currently trading around 6.5572 marks. It made intraday high at 6.5854 and low at 6.5595 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.5723 levels. A sustained close above 6...
The main event for today will be comments from Fed Chair Yellen, who will be discussing the economic outlook and monetary policy at the World Affairs Council of Philadelphia’s luncheon. As always on Mondays kick start the week with my prepared currency update below...
FxWirePro: BTC/USD Faces Strong Resistance at $600, Good to Buy at Dips BTC/USD is trading stronger and jumped till $588 on Friday. It is currently trading around $580. The pair is facing psychological resistance around $600 and the break will take the pair till $630 (161...
FxWirePro: Swedish Krona Erases Previous Gain Against Euro, Intraday Bias Remains Bullish EUR/SEK is currently trading around 9.2617 levels. It made intraday high at 9.2683 and low at 9.2386 levels. Intraday bias remains bullish till the time pair holds key support at 9.2329 marks...
FxWirePro: NZD/JPY Holds Major Trendline Support at 73.75, Weakness Only on Break Below NZD/JPY remains capped below 50-DMA currently at 74.83. The pair is trading a narrow range on the day, Doji formation seen on the day till now. NZD/JPY holding strong trendline support at 73...
Daily Forex Fundamental Overview Fundamental Analysis Key highlights of the week ended March 4 Euro zone The Euro zone's growth and inflation prospects have weakened and policy makers should take these developments into account when deciding on monetary policy...
USD/CAD Forecast June 6-10 The Canadian dollar enjoyed another strong week, as USD/CAD dropped 120 points. The pair closed the week at 1.2927.This week’s key event is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD...
Dollar Hammered as Payrolls Disappoint Big On Friday, the US payrolls was very weak as net job creation slowed to 38 000 in May. Markets priced out the chances for a June rate hike. Bond yields, equities and the dollar nosedived. EUR/USD jumped from the mid 1.11 area to the mid-1.13 area...
EUR/USD Bullish Above 1.1250 – UOB In opinion of the research team at UOB Group, the pair’s outlook will remain on the bullish side while above 1.1250...
