All Blogs
USD/JPY Turns Negative Post-ADP The greenback is now eroding its earlier gains vs. the Japanese currency, sending USD/JPY to daily lows in the 106.40 area...
USD: Managing the Risks – Rabobank Jane Foley, Research Analyst at Rabobank, notes that the dollar index has edged higher in response to yesterday’s remarks from the Fed’s Lockhart and Williams that the June FOMC meeting remains a live prospect for a rate hike...
NZD/USD Recovers to 0.6900 Handle The NZD/USD pair recovered from day's low of 0.6873 and moved back to 0.6900 as traders seems to position themselves ahead of US private sector employment report. Earlier during Asian session, the pair jumped to 0...
GBP/USD: Formation of Key Reversal Confirms 1.48 as Important Hurdle - SocGen Research Team at Societe Generale, notes that the GBP/USD witnessed a strong sell-off earlier this year and approached towards the key support levels of 1.36/1.35...
UK: On the Slide? - ING James Knightley, Senior Economist at ING, suggests that the concerns about what Brexit could mean have already hurt UK sentiment, but there is growing evidence that the broader economy is now feeling the pain...
Dollar Index: Risk of Double Top Confirmation – SocGen Research Team at Societe Generale, suggests that the Dollar Index is now at the ‘make or break level’ of 92.50/92...
FxWirePro: AUD/JPY Edges Higher from 6-Month Lows at 79.53, Bias Lower The pair is seeing a double whammy after BoJ surprised markets last week with inaction. AUD/JPY hit fresh 6-month lows at 79.53 on Tuesday's trade and has pare some losses to currently trade at 79.90 levels...
S&P500 Breaks Major Support 2050, Targets 2023/2000 Major support - 2050 Major Intraday resistance - 2070 Short term trend reversal Level- 2085 The index has broken major support 2050 and declined till 2046.6 at the time of writing. It is currently trading around 2047...
USD/CHF Could be Eyeing to Reclaim 0.9600 Mark The USD/CHF pair managed to build on Tuesday's recovery from multi-month lower levels and is now holding 0.9550 level. Although the pair has cooled off a bit from day's peak of 0.9575 it is still trading with some marginal gains...
Potential for a Test of 94-95 in DXY – Westpac In view of strategists at Westpac, the greenback – tracked by the US Dollar Index (DXY) – could squeeze higher toward the 94-95 area...
US ADP: What to Expect of USD/JPY? The US publishes its ADP Employment Change report later in the European afternoon, with market consensus expecting the US private sector to remain in a healthy form and add near 200K jobs during April, all ahead of the critical Non-farm Payrolls due on Friday...
US: Recession Fears Resurface - ING Research Team at ING, suggests that the further decline in US GDP growth in 1Q16 could resurrect thoughts of a US hard landing – the evidence is still mixed, but warning signs are mounting...
RBA: Further Rate Cut is Likely – Goldman Sachs Research Team at Goldman Sachs, notes that the RBA cut the cash rate by 25bps to a record low of 1.75% at its May meeting, on the 1 year anniversary of its last rate cut...
EUR/USD Attempts to Clinch 1.1500 Ahead of ADP The single currency seems to be gathering some traction ahead of the NA session today, now lifting EUR/USD to test the 1.1500 neighbourhood. EUR/USD almost unchanged pre-ADP After briefly testing lows near 1...
Gold Slides Further Below $1280 Ahead of ADP Report After failing to sustain above $1300 mark, Gold bulls continue to lose grip as the precious metal extends its slide below $1280 level...
USD/JPY Focus is Now on 107.40 – UOB According to the research team at UOB Group, the pair has now shifted its focus to the 107.40 level. Key Quotes “The strong rebound from the low of 105.52 clearly indicates that a short-term bottom is in place...
GBP/JPY Breaks Through 155.00 Important Support The bears seem to regain control over the GBP/JPY pair as it drops back below 155.00 handle on weaker-than-expected UK construction PMI print. The pair is now headed towards the two week low level of 154.42 tested on Tuesday...
USD Weakness has Likely Overshot in the Near-term – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar has continued to rebound in the Asian trading after the dollar index hit its lowest level yesterday since January of last year...
USD Reversal Supported by the Comments from Fed Officials – Deutsche Bank Research Team at Deutsche Bank, suggests that some attributed yesterday’s reversal in the US Dollar off the lows to the comments from Fed officials yesterday...
