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EUR/USD Approaching 1.1200 Level ahead of US ISM Manufacturing PMI Extending its strong bid tone, the EUR/USD pair has surged past Tuesday's peak of 1.1174 and is currently trading near session high level of 1.1180...
British Pound Continues to Fall Down the Charts The British Pound has continued to fall down the charts during trading on Wednesday as a result of the markets becoming concerned regarding the upcoming EU referendum and the significant risks that the UK economy would face if the United Kingdom did...
USD/JPY Sinks to Fresh Lows Near 109.20 The Japanese yen remains on a firmer note today, now dragging USD/JPY to fresh daily lows in the 109.20 region...
Gold Higher at $1219 on Weak Dollar, ISM Data in Focus Gold traded slightly higher at $1219 on Wednesday, hovering around 100-day SMA, led by safe-haven demand on weakness in global equities and the greenback...
AUD/USD Sees Chances of a Test of 0.7365 in the Next 1-3 Weeks – UOB According to the research team at UOB Group, the Aussie dollar remains well poised to climb towards the 0.7360 area in the next 1-3 weeks...
EUR/JPY Slammed to 122.00 Handle on Global Risk-Off Risk-off sentiment, as depicted by weakness in global equity markets, seems to boost the safe-haven appeal of the Japanese currency and weighing on the EUR/JPY cross that has now dropped to a 3-week low level of 122.00...
Bullish Price-Indicator Crossover in EUR/USD A bullish crossover between the EUR/USD current rate and its 200-hour SMA has been detected. The ascending EUR/USD price finds itself en route to the 800-SMA, which carries an equal resistance to the 200-SMA on 4hr charts...
GBP/USD Inter-Markets: All About ‘Brexit’ The sterling met increasing selling pressure late on Tuesday and during today’s session so far, soon after GBP/USD clinched highs above the 1.4700 handle...
Crude Oil Updates ahead of Inventory and Opec Meeting Supply expected to tighten due to wildfire in Canada and declining lower 48, while demand stays strong. During US trading session, API's Weekly Statistical Bulletin (WSB) is scheduled to report on total U.S...
USD/CHF Slips Below 0.9900 Handle ahead of US ISM Manufacturing PMI Despite of a lower-than-expected Swiss GDP print, the USD/CHF pair once again failed to extend its bullish momentum beyond 0.9950 and has now dropped below 0.9900 handle. On Tuesday, the pair recovered from session low of 0...
ECB Preview: Eyes on the Staff’s Inflation Projections – ING Carsten Brzeski, Chief Economist at ING, suggests that at tomorrow’s meeting all eyes should be on the ECB staff’s inflation projections, further details on the ECB’s corporate bond purchasing programme and Mario Draghi’s attempt to str...
ECB: No Expectation for Fresh Policy Moves - BBH Research Team at BBH, suggests that the ECB meets tomorrow and with the TLTRO and the corporate bond buying program yet to be launched, there is no expectation for fresh policy moves...
UK: Pound Ground Down - Investec Research Team at Investec, notes that after a quiet bank holiday, yesterday began with fairly muted market activity as Sterling continued to trade in tight ranges against the Euro and Dollar...
EUR/USD Inter-Market: Rallies in Tandem with VIX, Rest Intrinsics also Justify the Latest Upmove A renewed bout of buying interest seen around the EUR/USD pair post-European open, looks to have gathered pace, with the major now heading for a test of previous high reached at 1.1173...
Oil Drops to $48.25 Ahead of API Data and Thursday’s OPEC Meeting After briefly rising back above $50.00 psychological mark on Tuesday, WTI crude oil futures witnessed a sharp reversal and extended its slide on Wednesday to currently trade at seven day low level near $48.25...
GBP Remains Under Pressure Ahead of Referendum – Danske Bank Chief Analyst at Danske Bank Jens Sorensen has assessed the recent price action in the Sterling. Key Quotes “GBP dived substantially yesterday on a released poll showing a surprise lead for the ‘leave’ camp”. “GBP/USD fell from 1...
USD/JPY Points to Further Gains in the Upper-111.00s – UOB Analysts at UOB Group remain bullish on USD/JPY, with a target around the 111.85/90 band in the near term. Key Quotes “While the 111.50 resistance capped the rebound in USD as expected (high of 111...
FTSE Sold on Brexit Poll, Cheaper Oil The FTSE and the pound are both under pressure after the latest ICM/Guardian telephone survey revealed a seismic shift in favour of leaving the EU. FTSE futures slipped below the 6200 handle for the first time in a week...
GBP/USD Forecast: Bearish Momentum to Accelerate Below 1.4400 The British Pound has extended its decline this Wednesday, unimpressed by the release of UK data, as May Markit Manufacturing PMI came in at 50.1 from the flash estimate of 49.2 released earlier this month...
