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Guide to Today's Important Data and Events Quite a handful of economic dockets scheduled for today and some with high volatility risks associated. Data released so far – Australia – Unemployment rate for April declined to 5.7...
GBP/USD Off Highs, Back below 1.46 ahead of UK Data The Sterling is now giving away part of yesterday’s strong gains, prompting GBP/USD to retreat to sub-1.4600 levels. GBP/USD focus on UK’s docket The pair has clinches fresh 2-week highs beyond the 1...
NZD/USD Flirts with 100-DMA Support Near 0.6730 The NZD/USD pair keeps the ongoing bearish momentum intact and now tests weekly lows amid broad based USD strength and oil-price sell-off. NZD/USD hovers around 100-DMA Currently, the NZD/USD pair trades -0.18% lower at fresh session lows of 0...
Australia: Not Yellen Yet, Just Hinting – ANZ Research Team at ANZ, suggests that low volatility, even lower bond yields globally, and tighter credit spreads have provided a favourable backdrop for Australian corporates to issue and investors hungry for yield are providing a willing buyer...
EUR/USD Mires Near Multi-Week Lows, 1.1200 a Whisker Away The EUR/USD pair is currently consolidating the downside on 1.12 handle, as the bears take a breather from yesterday’s massive sell-off spurred by surprisingly hawkish FOMC April meeting minutes...
USD and US Interest Rates Headed North after FOMC Minutes – Westpac Martina Song, Research Analyst at Westpac, notes that the US dollar and US interest rates rose sharply after the minutes of the Fed’s 26/27 April meeting were released...
Gold Attempts Recovery from FOMC-Minutes-Led Slide Gold found support once again at 1255 levels in early Asia, and from there takes on the recovery mode as the greenback moves-off seven-week tops reached a day before against its major peers after the FOMC minutes...
FxWirePro: AUD/USD Breaks 61.8% Fib, Hits Fresh 11-Week Lows on Poor Jobs Data - Short Rallies around 0.72 AUD/USD extends decline, hits fresh 11-week lows at 0.7199, in a knee-jerk reaction to weak Australian jobs report. Australia's unemployment rate held steady at 5...
FxWirePro: USD/SGD Hits Fresh Monthly High at 1.3828, a Break Above Targets 1.3851 USD/SGD is currently trading around 1.3801 marks. It made intraday high at 1.3828 and low at 1.3801 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3828 levels...
FxWirePro: USD/JPY Corrects Lower from FOMC Led Rally, 110.50-60 Stiff Resistance Zone - Go Long on Break above 110.60 FOMC minutes were the main catalyst overnight, revealed that the US interest rate hike is back on the cards this June. USD/JPY spiked all the way to hit session highs at 110...
FxWirePro: NZD/USD Breaks Major Trendline Support at 0.6740, Targets 0.6675 USD extends gains after the latest FOMC minutes revealed that the US interest rate hike is back on the cards this June...
FxWirePro: USD/KRW Hovers Around Key Resistance at 1193, a Break Above Targets 1211 USD/KRW is currently trading around 1190 levels. It made intraday high at 1191 and low at 1188 levels. Intraday bias remains neutral for the moment...
FxWirePro: ASX200 Faces Strong Resistance at 5400, Good to Sell on Rallies Major resistance - 5400 Major Support - 5300 ASX200 has broken minor support 5335 and declined till 5312. It is currently trading at 5322. Short term trend is slightly bearish as long as resistance 5400 holds...
FxWirePro: Nikkei225 Faces Strong Resistance at 17000, Good to Sell on Rallies Major resistance - 16985 (11 May High) Major support - 16530 (10 day EMA) Nikkei index has slightly retreated after making a high of 16838. It is currently trading around 16648...
FxWirePro: Aussie Gains Against Major Pairs After Employment Data AUD/NZD is trading around 1.0706 marks. Pair made intraday high at 1.0732 and low at 1.0679 marks...
Asian Markets Turn Negative, Gold falls Below $1260 After FOMC Meeting Minutes All the major Asian stock markets are trading on a lower note on Thursday on the back of global uncertainties. Yesterday Fed released meeting minutes, which surprisingly revealed a potential hike in June...
Asian Stocks Trade Mixed on Fed Minutes, Weaker Commodities The stocks on the Asian bourses fluctuate between gains and losses amid underlying mixed tone in the markets, as the Asian traders digest the latest FOMC minutes, which revealed that the US interest rate hike is back on the cards this Ju...
EURUSD Daily Forecast: May 19 2016 EURUSD Forecast As expected, the EURUSD had a bearish momentum yesterday bottomed at 1.1214...
GBPUSD Daily Forecast: May 19 2016 GBPUSD Forecast The GBPUSD had a bullish momentum yesterday topped at 1.4634. The bias is bullish in nearest term retesting the daily EMA 200 and 1.4700 region which is a good place to sell with a tight stop loss. Immediate support is seen around 1.4525...
