All Blogs
FxWirePro: Nikkei225 Faces Strong Resistance at 17800, Good to Sell on Rallies Major resistance - 17800 (22nd Apr 2016) The index has retreated after making a high of 17510 yesterday. It is currently trading around 17230.Short term trend is slightly bearish as long as resistance 17800 holds...
FxWirePro: Japanese Yen Gain in Early Asia, Intraday Bias Remains Neutral USD/JPY is currently trading around 111.19 marks. It made intraday high at 111.34 and low at 111.10 levels. Intraday bias remains neutral for the moment. A sustained close above 111...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with very high risks associated. Data released so far – Australia – Consumer price index rose 1.3% in first quarter, compared to 1.7% in prior. RBA trimmed mean CPI rose 1.7% y/y, compared to 2...
FxWirePro: South Korean Won Gains on Higher Consumer Confidence Data USD/KRW is currently trading around 1144 levels It made intraday high at 1147 and low at 1142 levels. Today South Korea released consumer sentiment index with positive numbers at 101 vs 100 previous reading...
EURUSD Daily Forecast: April 27 2016 EURUSD Forecast The EURUSD attempted to push higher yesterday topped at 1.1339 but closed lower at 1.1295. The bias is neutral in nearest term. Immediate resistance is seen around a trend line resistance located around 1...
GBPUSD Daily Forecast: April 27 2016 GBPUSD Forecast The GBPUSD had a bullish momentum yesterday topped at 1.4638. The bias is bullish in nearest term testing 1.4670 resistance area. Immediate support is seen around 1.4540...
USDJPY Daily Forecast: April 27 2016 USDJPY Forecast The USDJPY attempted to push lower yesterday bottomed at 110.67 but whipsawed to the upside and closed higher at 111.31. The bias is bullish in nearest term testing 112.00 – 112.50 area...
USDCHF Daily Forecast: April 27 2016 USDCHF Forecast The USDCHF attempted to push lower yesterday slipped below 0.9715 but still unable to stay consistently below that area so far. This fact keeps the bullish outlook remain intact testing 0...
We remain of the view that the BoJ will indeed announce additional measures this week and that should keep the JPY a sell on rallies, for instance against the USD or SEK...
Janet Yellen may pay homage to other more hawkish Fed members when formulating the Fed's statement tomorrow, but when it comes to hike or not in the summer it will pay attention to global developments too...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: A move below 1.1210 would confirm our bearish view towards targets near the 1.1145 range lows and then the 1...
The FOMC meets this week. No action is expected. The question facing market participants is whether the FOMC will use its April statement to set the stage for action in June. While we do not expect the Fed to signal imminent action (e.g...
Rates markets appear to be increasingly wary of a possible hawkish shift at Wednesday’s Fed announcement and are building in risk premium ahead of the event. Notably, though, the USD is losing ground vs. the funding currencies, as rising Fed expectation also begin to take a toll on risk sentiment...
The USD has been on the back-foot so far this year, largely reflecting the Fed’s fearful stance which is currently helping reflate global markets...
Viraj Patel, Foreign Exchange Strategist on why the New Zealand dollar’s strength is unlikely to trigger a response from the RBNZ this week...
The British pound is showing concrete signs that it is ready to put its recent period of decline against the New Zealand dollar behind it. The move higher is being driven not by New Zealand dollar weakness but a broad-based pound sterling recovery...
The UK’s pound sterling continues with its impressive recovery against the euro and dollar with the pair offering the best rate of exchange since early February. GBP is on a tear higher again as markets continue to quickly unwind their Brexit-inspired negativity towards the currency...
The GBP has been among the best performing G10 FX currencies since the start of the week. We stressed previously that the currency has room to appreciate towards the higher end of this year’s range, mainly on the back of position squaring. Copy signals, Trade and Earn $ on Forex4you - https://www...
The dollar could recovery over coming months as overly-pessimistic markets are forced into accepting up to two Federal Reserve interest rate rises in 2016 it is argued. Dollar weakness has been arguably the single most important feature in global FX over the course of 2016...
