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U.S Treasuries Mixed on Strong Retail Sales, Dovish Yellen's Comment The U.S. Treasuries traded mixed on Friday after data showed higher than expected April retail sales data. On the other hand, Fed Chair Janet Yellen’s dovish comments supported bond prices...
AUD/USD Likely to Trade in Narrow Range, to Reach 0.80 by 2017-End In mid-April, the AUD/USD pair broke to new 10-month highs close to 0.7850 amidst increased volatility. This was mainly due to weakness in the US dollar, indicating the declining prospect of a rate hike in June by the US Fed...
AUD/USD Hits 2-Month Lows, Contained by 200-Day SMA AUD/USD fell to fresh 2-month lows at the beginning of the New York session, as the greenback strengthened on the back of stronger than expected US retail sales data...
USD/CAD Still Eyes 1.30 Near-Term – Scotiabank FX Strategist at Scotiabank Eric Theoret believes the pair could test the psychological 1.30 handle...
AUD/USD Topside Limited Around 0.7450 – Westpac Strategist at Westpac Sean Callow sees the upside in AUD to find resistance in the mid-0.7400s in the near-term. Key Quotes “The timing of another RBA rate cut will hang over AUD for some months, capping rallies”...
JPY: End Of The Run? - Credit Agricole A combination of both, rising intervention fears and additional scope of the BoJ turning more aggressive on monetary policy has been weighing on the JPY this week...
AUD/USD: Downside Alleviated above 0.7410 – UOB Analysts at UOB Group suggested the Aussie dollar could mitigate current downside pressure above 0.7410. Key Quotes “The strong support at 0.7300 was finally breached at the time of writing (low of 0.7286)”...
USD/JPY Surges Past 109.00 Handle on Surprisingly Positive US Data The USD/JPY pair shot-up to a fresh two-week high level of 109.45 on surprisingly positive US retail sales data...
EUR/USD: Dollar Gains on Strong Retail Sales EUR/USD Current Price: 1.1312 The common currency started the day with a sour tone, on mixed data coming from Europe. The EUR/USD pair fell down to 1...
Murrey Math Lines: EUR/USD, GBP/USD Analysis for May 13th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar resumed moving downwards and, as a result, Super Trends formed “bearish cross”. Considering that the price was able to break the 3/8 level, the closest target is now at the 1/8 one...
Ichimoku Cloud Analysis: GBP/USD, Gold Analysis for May 13th, 2016 GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud (1); both lines are directed downwards...
EUR/USD Drops Sharply to 1.1300 On Strong US Retail Sales Print The shared currency remained on back-foot through Friday's trading session, with the EUR/USD pair dropping to session low level of 1.1308 after the release of US economic data...
Prerequisite Reading: USDJPY: What Are We Looking for Our Short Swing! USDJPY bounced in the level we called, and what we have seen up to now has been an impulsive wave up, which will be confirmed only if a new high is made (above 109.4...
Gold Climbs to Session High of $1275 ahead of US Retail Sales Data Extending its bid tone, Gold continues to gain traction and has now moved to session peak level of $1275 just ahead of the US monthly retail sales and PPI release...
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold Analysis for May 13th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar is moving close to 1.1390. We think, today the price may fall towards 1.1333 and then test 1.1390 from below...
GBP/USD Ranges and Trade Idea GBP/ USD opened the week at 1.4422, traded 100 pips Sunday to Monday inside the 101 pip range between 1.4375 - 1.4476. Despite 100 pip move, the range held and resulted in no change to GBP/USD. Monday. GBP/USD ranged again 100 pips from 1.4376 to 1.4477...
USD/CHF Turns Flat but Holds 50-DMA, US Data Eyed for Direction The USD/CHF pair erased its early European session gains to 0.9743 and has now turned back to 50-day SMA support near 0.9700 handle. Following Thursday's sharp reversal from 0...
UK: Super Thursday Failed to Excite – Investec Research Team at Investec, notes that ‘Super Thursday’ managed to bring some momentum to the foreign exchange market yesterday, helping GBPUSD break above 1.45 and GBPEUR break the 1.27 mark but gains were very short-lived...
EUR/GBP Directionless at 0.7870, Looking for Fresh Triggers The EUR/GBP pair continues to trade flat from Thursday's closing amid a directionless trading session as traders seemed reluctant to carry forward their bets over the weekend...
