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Gold Inching Higher to Reclaim $1300 Level Risk-off sentiment across global financial markets and broader USD weakness continues to boost demand for Gold, which has now moved within striking distance of reclaiming $1300 level for the first time since Jan. 2015...
AUD: RBA Likely to Ease? – Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the expectations regarding the chances of another RBA rate hike spiked higher on the back of the much softer than expected Q1 CPI report...
FxWirePro: Gold Risk Reversals Signal Upside Risks and 3-Way Straddle Versus Put to Derive Exponential Yields Gold futures for June delivery on the Comex division of the NYME have jumped again to an intraday high of $1,299...
FxWirePro: AUD/CAD Hovers Around 61.8% Fib, RBA to Influence Near Term Direction AUD/CAD is consolidating last Thursday’s drop, the pair is hovering around 61.8% Fib retrace of the Sept-Dec rally at 0...
Technical Analysis of USD/CHF for May 02, 2016 USD/CHF is expected to trade in a lower range. The pair is heading downward within its intraday declining channel in place since April 27, 2016...
Technical Analysis of NZD/USD for May 02, 2016 NZD/USD is expected to post further advance. The pair remains on the upside within a bullish channel, and it is more likely to challenge its nearest resistance at 0.7025 in the coming trading hours. The horizontal support at 0...
Technical Analysis of GBP/JPY for May 02, 2016 GBP/JPY is expected to trade with bearish bias. The pair still remains under pressure below its key resistance at 157.15. Meanwhile the relative strength index lacks strong upward momentum. As long as 157...
NZD/JPY Breaks But Hangs on Major Support at 74.143, more Bearish Scope Upto 72.883 The pair rallied upto 74.699 after testing supports at 74.143 levels. But during later stage of last week prices have dropped below DMAs after testing stiff resistance at 76...
FxWirePro: EUR/GBP Holds Above Daily Cloud After Gap up Open, Good to Go Long With a Target 0.7925 EUR/GBP has broken range trade along trendline support. Price action has edged above the daily cloud. The pair opened with a gap-up after surging past 0...
Silver Trades Well Above Major Resistance, Targets $18.45/$19 Major resistance- $17.75 (May 15th 2015) Silver has broken major resistance at $17.75 and jumped till $17.94 from that level. It is currently trading around $17.80. Short term trend is bullish as long as support $17...
USD/JPY: Solid Support from Buying on Dips – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that there is a solid support for USD/JPY from buying on dips and only slight upside constraint is from the hedging...
Japan Warned by US Against Currency Devaluation - Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that the US Treasury’s semi-annual currency report to Congress has just named Japan (along with Taiwan, South Korea, China, and Germany) as countries it is publicly warn...
JPY: Japan is Back in a Mess - SocGen Research Team at Societe Generale, notes that it’s the softness of the Japanese data which stands out. Key Quotes “Global growth is back close to trend (better in China’s...
Today is a bank holiday in the UK which means volumes are expected to be very light. The London session is light on economic data too. Start your week with the currency update below...
USD/CHF Upside Capped by 0.9787/0.9834 So Far – Commerzbank According to Senior Technical Analyst at Commerzbank Axel Rudolph, further gains in spot could face a strong hurdle in the 0.9787/0.9834 band. Key Quotes “USD/CHF slipped below the April 19 low at...
JPY Strength Likely to Continue – Danske Bank Chief Analyst at Danske Bank Jakob Christensen sees the Japanese currency gathering further traction in the next periods. Key Quotes “The broad USD weakened further following the FOMC decision mid-last week...
There is 68% Probability that EURUSD will close low today or tomorrow ..Why? EURUSD have been rising for the last 5 consecutive trading days. RSI 2 periods is above 95% which is extreme over bought. EURUSD trading begin with an opening gap this week...
GBP/USD Clinches Highs Near 1.4630 The sterling is now decoupling from the rest of the risk-associated assets on Monday, lifting GBP/USD to daily highs in the 1.4630 area...
Chart: http://bi0l.blogspot.com/2016/05/eurusd-h4-weekly-forecast-2016-05-week1.html Weather (Weekly): Estimated levels of the week: Support (S1-w / S2 / S3 = 1.1283 / 1.1228 / 1.1137), resistance (R1-w / R2 / R3 = 1.1467 / 1.1524 / 1.1615). Key support levels (1st from 1.1307 to 1...
