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Gold Turns Lower as Dollar Strengthens Gold prices surged at the beginning of the day, but the greenback’s comeback seen during the American afternoon sent the commodity into the red, with spot down to a fresh weekly low of $1,282.13 an ounce before settling around 1,286.50...
NZD/USD: En-Route for Key 20 Supporting DMA 0.6900 NZD/USD has taken a tumble on a number of counts and broad dollar strength and in an extension of last nights supply on the back of the RBA cutting rates in the pacific...
EUR/USD: Greenback Battles Back - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the American dollar fell to fresh yearly lows against most of its major rivals this Tuesday, as poor manufacturing data coming from China revived concerns over a global economic slowdown...
EUR/USD Finds Support at 1.1500 The decline of the EUR/USD pair from 1.1615, the highest level since August.2015, found support at the 1.1500 handle. The euro started to pullback and accelerated to the downside on American hours amid a stronger US dollar across the board...
GBP/USD: Further Declines to Follow to 1.4370 - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that following an advance to 1.4769, a fresh 4-month high, the GBP/USD pair plunged to 1.4530". Extra related reading: Brexit Countdown: the "Has Britain Got Talent...
Brexit Countdown: The "Has Britain Got Talent?" Edition Traders got back from a long weekend in London earlier today after May Day celebrations and spring festivals...
Today’s rate cut by the RBA goes beyond risk management, argues Deutsche Bank. "It marks a shift in the near-term target from unemployment to inflation. Given stagnant wage growth, the exchange rate will need to do the grunt work in getting core inflation from 1.5% back above 2...
The DXY $ Index, which has a higher EUR weighting, has briefly declined below the key support at 92.62/25 where fresh buying has been found, notes Credit Suisse. "Resistance for a recovery is pegged at 93.92 initially. Only above 95.20 would mark a near-term base," CS argues...
EUR/JPY: We have turned neutral in the short-term and would prefer to fade upticks or re-establish a bearish view on a break below 121.55 lows. Our downside targets are towards 119.90, near the monthly cloud base and then 118.75/115.35...
For the last six months, US real yields have been falling relative to those in the Eurozone and (even more sharply) in Japan...
Summary : Target Level : 106.26 Target Period : 5 hours Analysis : Channel Down identified at 03-May-08:30 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 106.26 within the next 5 hours...
In our previous week's post, GBPUSD: Possible End of Bullish Rally!, we laid out 2 possible scenarios regarding the last wave of the possible C. We believed that wave 5 of C would turn out to be an Ending-Diagonal (ED) that would target the upper-bound of the channel...
In our last article on USDCAD, USDCAD: Looking for the "Capitulation of the Capitulated"!, we discussed a potential last move to new lows and even though USDCAD made a new low, we are still not convinced that the bottom is in place...
Falling Wedge identified at 02-May-22:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.767 within the next 11 hours. Resistance Levels : ( B ) 0.7668Last resistance turning point of Falling Wedge. Support Levels ( A ) 0...
The dynamics of #USDCAD continues to show all signs of a downtrend. Among the main reasons of it still stands the recovery in oil prices, as well as the general trend of the U.S. currency weakening. Find out more by checking out the Source Link...
Bulls in #GPBUSD are not satisfied with what has already been achieved. The movement resumed with renewed vigor. Climbing develops within clearly designated price channel. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Welcome to my "Strength and Comparison" article for the coming month, the article "Ranking, Rating and Score" has also been published for this month. For analyzing the best pairs to trade looking from a longer term perspective the last 12 months Currency Classification can be used in support...
Welcome to my "Ranking, Rating and Score" article for the coming month, the article "Strength and Comparison" has also been published...
