All Blogs
FxWirePro: FTSE100 Faces Major Resistance at 5185, Good to Sell on Rallies Major support - 6100 FTSE100 has declined after making a high of 6173 yesterday. It is currently trading around 6111. Short term trend is slightly weak as long as resistance 6185 holds...
FxWirePro: AUD/JPY Faces Strong Resistance at 80.75, Good to Sell on Rallies Major resistance – 80.72 (10 day EMA) AUD/JPY has jumped after making a low of 78.17 on May 6th 2016. But the upside has been capped by 10 day EMA .It is currently trading around 79.85...
BoJ Intervention Threat: Lots of Barking - Westpac Sean Callow, Research Analyst at Westpac, suggests that rarely have we heard so many threats of intervention from Japanese officials without these being delivered...
UK: BoE Preview: Silence is Golden – ING Research Team at ING, suggests that as economic momentum stalls, the BoE’s challenge is to reflect near-term weakness in their forecasts without making a judgment on the referendum outcome...
GBP/JPY Consolidating Below 157.00 Level ahead of BOE Announcement The GBP/JPY pair is consolidating its Wednesday's reversal from 158.00 handle and is currently trading below 157.00 level ahead of the BOE announcements. The pair's near-term recovery from sub-154...
EUR/USD Attacks 1.1400, Ignores Negative European Equities The EUR/USD pair came under fresh selling pressure over the last hour, and now inches closer towards 1.14 handle as the US dollar picked-up strength against its major peers in an otherwise calm European session...
EUR/GBP Climbs to Session High ahead of BOE Super Thursday As the Europeans trading session gets underway, the EUR/GBP pair spiked to Wednesday's high level of 0.7919 ahead of the key event risk for the British Pound, the BoE's Super Thursday...
GBP/USD: Sellers Take Control in London, BoE Up Next GBP/USD has fallen sharply at the London open, printing its lowest for the day near 1.44 handle after successive topside failures through 1.4450 in Asia, which saw the risk sentiment improved a touch ahead of the BoE inflation report...
Technical Analysis of EUR/USD for May 12, 2016 When the European market opens, some economic news will be released such as Industrial Production m/m, French Final CPI m/m, and German WPI m/m...
Technical Analysis of USD/JPY for May 12, 2016 In Asia, Japan will release information on the Economy Watchers Sentiment indicator, 30-y Bond Auction, Bank Lending y/y, the BOJ's Summary of Opinions, and Current Account...
FxWirePro: Copper Bears Show Signs of Exhaustion Look closely at the highlighted area in the above chart, and you will find yesterday’s candle, which is a Doji, with apparently very long upper wick, which resembles closely to an inverted dragonfly or gravestone...
S&P Likely to Upgrade Indonesia's Sovereign Credit Rating The Indonesian markets are keen on a likely ratings upgrade by Standard and Poor’s after talks held with President Widodo earlier this week...
FxWirePro: Swedish Krona Gains ahead of CPI Data, Unemployment Rate Falls to 7.5 Pct EUR/SEK is currently trading around 9.2912 levels. It made intraday high at 9.3018 and low at 9.2832 levels. Intraday bias remains neutral for the moment. A sustained break above 9.2916 tests key resistances at 9...
GBP/JPY Breaks Minor Resistance 156.80, Targets 158.45/160 Major support -156.23 (100 day HMA) Major resistance -158 GBP/JPY has taken support near 100 day HMA and recovered from that level. It is currently trading around 157.09. Minor weakness can be seen only below 156.23...
RUB Likely to Continue on Weaker Path The Russian ruble has been able to halt its fee fall recently, aided by the Bank of Russia’s wary approach. But oil price stabilization is the primary reason. However, a tough task is still being faced by the Russian central bank...
Daily Analysis of USDX for May 12, 2016 On the H1 chart, the USDX found dynamic support at the 93.80 level, where we could expect a rebound towards the 94.06 level, if the 200 SMA holds in coming days...
AUD/USD Selling Accelerates Below 0.7350, Targets 0.7300 The AUD battering extends into the European session, knocking-off AUD/USD deeper into the red zone as growing expectations of RBA rate cut weighs heavily on the Aussie. AUD/USD heading towards 200-DMA at 0...
How did USD/JPY Avoid 105? - Westpac Sean Callow, Research Analyst at Westpac, suggests that the Japanese yen remains the strongest G10 currency so far this year, up 11% against the US dollar. Key Quotes “But at time of writing, USD/JPY is above 108, well clear of the 3 May low of 105...
Daily Analysis of GBP/USD for May 12, 2016 GBP/USD continues trading slow in a sideways range, but still trapped below the 200 SMA and dominated by the bearish bias. If pair does another rebound at the current levels and spikes towards the resistance zone of 1...
BoE: Likely to Hold its Fire for Now – Rabobank Elwin de Groot, Senior Eurozone Strategist at Rabobank, suggests that the Bank of England is expected to keep policy settings unchanged at today’s meeting, which will also see the release of the Bank’s latest Inflation Report and the meeting’s minut...
