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Crude Prices Surge to Fresh 2016 Highs Brent and WTI crude oil prices have sharply extended their advance to fresh 2016 highs on this first day of the new week by approx. 3 per cent each so far...
EUR/USD: Our bearish view was encouraged by the close below support in the 1.1360 area. Our next targets are towards the 1.1215 range lows and then lower towards 1.1125. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
USD/JPY: Bullish to 111.50 - Scotiabank Analysts at Scotiabank explained that USD/JPY is consolidating around the mid-point of its five-session range roughly bound between 108.20 and 109.50, and they look to continued gains toward 111.50...
GBP/USD: Bulls Taking Back Control for 1.44 Handle GBP/USD has been in a series of daily declines of late, but bulls are back in charge today. GBP/USD rallied onto the 1...
U.S. Manufacturing Declining - Nomura Analysts at Nomura explained that the New York Federal Reserve today reported that the Empire State manufacturing headline index declined to -9.02 in May from 9.56 in April, falling well below expectations (Nomura: 8.0, Consensus: 6.5...
NZD/USD: Bulls Testing Bears Commitments at 0.68 Handle NZD/USD is testing the upper boundaries of the 0.67 handle and has penetrated the 0.6800 level with a high so far of 0.6809. The move comes with a recovery in oil that made $47.48 WTI the high in a continuation of the 11th May spike from $44...
EUR/USD Clings to Modest Daily Gain EUR/USD is going through a consolidation phase on Monday, having moved slightly off from Friday’s lows, but with the upside capped by the 1.1340 zone...
USD/CAD Breaks Below 1.2900 as Crude Oil Consolidates Gains The loonie (CAD) is among the best performers in the currency market on Monday and against the US dollar extended gains during the American session...
U.S. Key Data Coming Up - TDS Analysts at TD Securities explained that the main US data release this week is CPI on Tuesday and on Wednesday the minutes of the April FOMC meeting are released. Key Quotes: "We expect higher gasoline prices to push headline CPI up to 0.3% M/M, the same as consensus...
Weak Wage Price Index Could Intensify Expectations for a RBA June Rate Cut The Reserve Bank of Australia (RBA) cut the cash rate to a record 1.75 per cent at its recent monthly board meeting, and analysts expect it could be heading towards one per cent before the end of the year...
GBP/USD Gains Some Upside Momentum But Still Bearish The British pound has made short squeeze against US dollar by hitting high at 1.4406 during mid-morning US session, after the pair found support at 1.4333. However, the gains should be limited as the resistance level at 1...
EUR/GBP Finds Resistance Near 0.7900 and Turns to the Downside The pound managed to erase losses against the euro and printed a fresh daily high. EUR/GBP found resistance near the 0.7900 area and turned to the downside...
Warren Goes Apple Picking Heading into the close the FTSE 100 is flat on the day, having recovered all its morning losses. Dow, S&P 500 start the week on the front foot Oil prices surge again Warren adds Apple to his buffet...
What is Correlating in the FX Space? - Nomura Analysts at Nomura were scanning 2,000 cross-market correlations and they find that nominal rate differentials continue to be strongly correlated to FX...
Analysis AUD/USD - FXStreet AUD/USD Current price: 0.7295 Poor Chinese data released over the weekend, triggered a downward gap in the AUD/USD pair at the beginning of the day, sending it down to 0.7248, its lowest since March 2nd...
Analysis USD/JPY - FXStreet USD/JPY Current price: 108.78 Sellers around 109.00. The USD/JPY pair was incapable to regain the 109.00 figure during the first half of the day, having traded as high as 108.98 during Asian trading hours...
Analysis GBP/USD - FXStreet GBP/USD Current price: 1.4371 The GBP/USD pair consolidates its Friday's losses, having extended its monthly decline to 1.4332 after failing to regain 1.4375, the 61.8% retracement of the latest bullish run and the immediate resistance...
Analysis EUR/USD - FXStreet EUR/USD Current Price: 1.1328 Majors are confined to tight ranges this Monday, with half Europe closed on Whit Monday and the macroeconomic calendar empty in the EU...
GBP/USD, EUR/USD, EUR/GBP Trade Ideas The Great British Pound is never a leader currency pair but rather a follower to its two main counterparts, EUR and DXY. Historically, GBP was the Great currency and leader as its formal name implies...
