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FxWirePro: AUD/CAD Holds Major Support at 0.9418, Good to Go Short on Breaks Below AUD/CAD trades with a downward bias. Momentum studies on dailies are bearish. The pair is currently holding above strong trendline support at 0.9418, weakness to resume on breaks below...
During Asian trading Japan has published the #GDP data, which proved to be much better than expected. But it didn't support the yen. Positions of #USD are strong ahead of the #Fed meeting minutes release. Find out more by checking out the Source Link...
FxWirePro: USD/SGD Breaks Key Resistance at 1.3740, Good to Buy on Dips USD/SGD is currently trading around 1.3735 marks. It made intraday high at 1.3747 and low at 1.3685 levels. Intraday bias remains bullish till the time pair holds key support at 1.3698. A sustained close above 1...
FxWirePro: Kiwi on the Back-Foot, NZD/USD Slips Below 0.78 Handle, Good to Sell Rallies NZD/USD had gained some traction overnight in the US session on the back of the GDT auction, but US dollar picked-up significant strength across the board on upbeat US CPI figures...
FxWirePro: Indian Rupee Hits Fresh Monthly Low Against US Dollar, Intraday Bias Remains Bullish USD/INR is currently trading around 66.91. It made intraday high at 66.96 and low at 66.82 marks. Intraday bias remains neutral till the time pair holds key resistance at 66.91 marks...
USD/CAD Keeps Highs Near 1.2940 The better tone in the greenback has pushed USD/CAD to the upper band of the range near 1.2940...
AUD/USD Drops Back Below 0.7300, Erasing Tuesday’s Gains The AUD/USD pair erased all of its Tuesday’s gains on the back of not so dovish RBA meeting minutes and dropped back below 0.7300 handle as investors now look forward to minutes from April’s FOMC policy meeting...
RBNZ: Rate Cut Likely at June Meeting - Westpac Imre Speizer, Research Analyst at Westpac, notes that the RBNZ held the OCR steady at 2.25% on 28 April, in line with Westpac’s forecast...
Oil Consolidates Near 6-Month Tops ahead of EIA Report Oil benchmarks on both sides of Atlantic take a breather from the overnight upsurge and trades modestly flat as attention now turns towards the EIA inventory report and FOMC minutes due later today. WTI to test $ 50 mark on EIA report...
EUR/GBP Closer to 0.7800 ahead of UK Data The risk-off sentiment has been prevailing throughout the Asian session today. Sending EUR/GBP to the area of daily lows near 0.7800 the figure...
Stronger GDP to Have Positive Implications for USD/JPY - Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that the USD/JPY likely to vacillate near the current level in the near term, though expecting bias toward downward risk over the next few months...
EUR/JPY Finds Support Near 123 Handle, EZ Data Eyed The EUR/JPY cross keeps losses in early Europe, although stages a minor-bounce from near 123 handle as the yen’s relative weakness aids the recovery. EUR/JPY bounces-off a dip below 123 handle The EUR/JPY pair now drops -0.23% to 123...
Hello Friends, Let’s see today’s trading idea: ( You can open position instantly or can place pending): 1. EURUSD : Sell EurUsd Last day Idea running (Sell) 2. EURAUD : EurAud sell 1.5495 sl 1.5560 tp 1.5370 3. Gold : Gold buy 1274 sl 1265 tp 1286...
USDCHF: Targets Further Bullishness On Bull Pressure USDCHF: Having the pair strengthened further on Tuesday, further move higher is expected in the days ahead. On the downside, support lies at the 0.9750 level. A turn below here will open the door for more weakness towards the 0...
Oil Prices More Sustainable, Metals Price Increase Limited - Nomura Research Team at Nomura, notes that the commodity prices declined sharply since their peak in mid-June 2014 but, since the beginning of 2016, have recovered almost 30%, based on the GSCI index...
EUR/USD Hits Fresh 3-Week Lows Near 1.1280, EZ CPI in Focus The EUR/USD pair is gradually extending its downbeat momentum seen earlier in the Asian session, and now tests session lows as risk-off returns to markets amid broad based US dollar strength. EUR/USD eyeing a test of 100-DMA at 1...
UK Inflation Forecast: May 2016 - RBS Ross Walker, Senior UK Economist at RBS, suggests that the UK headline CPI is forecasted to remain at 0.3% in May, reflecting a stable Core CPI rate and a neutral food & energy contribution with modest upside risks...
GBP/USD Testing 1HR 200-SMA to the Downside, UK Jobs Eyed The GBP/USD pair extended its retreat from above 1.45 handle and now inches lower towards 1.4300 levels as a broadly higher greenback weighs on the major amid mixed Asian session. GBP/USD flirting with key support near 1...
USD Bias Constructive - Westpac Research Team at Westpac, are sticking with a constructive USD bias, even though it is struggling to develop much forward traction. Key Quotes “Fed officials, even doves like Rosengren and Kaplan, are signaling that June is live and 2-3 rate hikes "make sense...
