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US NFP Preview: What to Expect of EUR/USD The US Bureau of Labor Statistics will publish the results of the Non-farm Payrolls later in the NA session, with consensus expecting the US economy to have created 164K jobs during May and the unemployment rate to have ticked lower to 4.9% from 5.0...
US NFP Preview: 8 Major Banks Expectations from the May Release We are closing in on the May’s release of US Non-Farm Payrolls data. The following are the expectations as forecasted by the economists and researchers of 8 major banks...
AUD/JPY Recovers to 79.00 from Near-Term Trading Range Support Last two days of bearish move now seems to be fading away and the AUD/JPY cross recovers back to 79.00 mark, extending a bounce off 78.30 support area tested on Thursday...
USD/TRY Off Highs, Around 2.95 on CPI The Turkish Lira is regaining some momentum vs. the greenback today, taking USD/TRY to the boundaries of the 2.95 handle after dropping to the area of 2.9550. USD/TRY higher post-CPI The pair has faded the initial spike to the mid-2...
BTC/USD Breaks Major Resistance $550, Targets $575/$630 BTC/USD has broken major resistance $550 and this confirms continuation of bullish trend. It is currently trading around $550.50. Short term trend is bullish as long as support $525 (7 day EMA) holds...
Pre US Open, Daily Technical Analysis Friday, June 03, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: under pressure. Pivot: 1.1190 Most Likely Scenario: short positions below 1...
GBP/USD Forecast: Close to Its Weekly Low The GBP/USD pair retreats from a high set at 1.4447 achieved after the release of the latest Markit Services PMI for May, up to 53.5 from a previous 52.3, as despite beating also expectations of 52.5, the reading is close to multi-year lows...
USD/CAD Prop-Up to Trade Flat at 1.3100 ahead of US Jobs Report The USD/CAD pair was well supported around 10-day SMA near 1.3075 and propped to 1.3100 handle but still remained in a narrow band as traders await for fresh impetus from US monthly jobs report...
USD/CHF Hits Fresh Highs as USD Demand Returns Ahead of NFP The bid tone around the US dollar keeps growing bigger, driving USD/CHF further into the positive territory above 0.99 handle. USD/CHF near 10-DMA at 0.9919 Currently, the USD/CHF pair trades 0.15% higher near fresh session highs of 0...
USD/JPY Extends the Bounce Near 109.00 After dropping to lows near 108.50, USD/JPY has managed to gather traction and advance to the boundaries of the 109.00 handle. USD/JPY focus on US data Spot is gaining smalls so far, on its way to test the 109...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, June 3rd USD/CAD is trading flat this morning hovering between 1.3090 and 1.310 levels...
EUR/USD Drops to Session Low After EU Retail Sales, Now Eyeing NFP Data The EUR/USD pair failed to capitalize on its initial minor up-tick and turned negative after monthly retail sales number fell short of consensus estimates...
Oil Flat-Lined After OPEC Meeting, US Rigs Data Eyed Having witnessed a volatile session a day before, oil benchmarks on both sides of Atlantic trade modestly flat as dust settles over the OPEC meeting aftermath...
EUR/JPY Could Test 120.00 in The Medium Term – Rabobank Jane Foley, Senior FX Strategist at Rabobank, slipped the chance that the cross could retreat towards the 120.00 area in the next months...
EUR/USD Forecast: US Jobs Data Awaited The EUR/USD pair is confined to a 20 pips range ever since the day started, and not far from the base of this week's range, ahead of the release of the US Nonfarm Payroll report. The pair failed to regain the 1...
Aussie, Kiwi & Nikkei Fight Back Introduction After poorer retail sales than expected weighed on AUD this week, the currency has risen versus the greenback over the NY and APAC trading sessions...
Stocks Rise, Sending S&P 500 and Nasdaq Indexes to Their Highest 2016 Closes - Fed's Evans: Reasonable case can be made for deferring rate hikes until core inflation reaches the Fed's 2% goal. - Fed's Evans: Sees two rate hikes by the end of 2016...
EURUSD Maintains Neutral Bias Below 1.12 EURUSD maintains a neutral bias in the short term as it continues to trade sideways in a range of 1.1100 and 1.1220. Downside risk exists as the daily RSI remains below 50 in bearish territory...
USD/JPY Well Supported at 108.30/107.65 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, argued the pair should find strong support in the 108.30/107.65 band...
