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AUD/USD: Reaching New 10-Month Highs AUD/USD was lifted on a better risk sentiment in the European session and a positive close in the Nikkei that finished up 0.19%. Oil has been the catalyst along with flows through the yen. With oil prices tailing off overnight, the Yen picked up the bid...
USD/CAD Tumbles to Fresh 9-Month Lows USD/CAD broke below 1.2630 and tumbled to 1.2591, hitting the lowest level since July 6, 2015. A sharp increase in crude oil prices helped the loonie break higher across the board...
There is a growing sense that monetary stimulus is reaching its limits, with some advocating for the BoJ and ECB to term out their inflation forecasts in order to signal that reaching two percent, while still the objective, will simply take longer. We are skeptical...
FxWirePro: Euro Rates Strategy ahead ECB's Meeting Euro’s strength – considerably EUR/USD has appreciated by almost 1.13% since last Thursday. In view of general USD weakness and in view of general risk-on sentiment on the FX market that is not a move that would require any EUR positive reasons...
EUR/GBP Drops to 3-Week Lows EUR/GBP broke a 24-hour trading range with resistance at 0.7915 and support at 0.7885 and dropped to 0.7867, hitting the lowest level since the beginning of the month. The pair remains near the lows, weakened by a stronger pound in the market...
FxWirePro: EUR/USD Runs Out of Steam But Maintains Bullish Outlook The EUR/USD declined at the beginning of the US session as the pair found short selling interest around 1.1390 levels. The pair further came under pressure after data showed US home sales rebounded more than expected in March...
Phil Orlando, chief equity strategist at Federated, expects another market dip prior to the end of the first half of this year. He thinks a dip will range between 5% and 8% at some point over the next two months...
The end of the Kuwaiti oil workers’ strike has dragged crude prices lower (WTI just below $40/bbl) and put a dampener on risk sentiment this morning, though the trigger for the 4% fall in the Shanghai Composite index is more concern that policy will not be so accommodative going forwards...
WTI Flirts with $42.00 Post-EIA, Still in Red The barrel of West Texas Intermediate has seen its pullback trimmed today, currently testing the $42.00 neighbourhood following the EIA’s report...
Yesterday's trade signal is playing really well after EURUSD failed to close above 61.8% retracement from the lows. The sign we were looking for was the break below 1.1355, and that level was taken out aggressively clearing the path for ...Read More...
In what scenario posed by the ECB is the EURUSD likely to drift higher towards 1.1433? Here is your ECB ‘cheat-sheet.’ The European Central Bank’s policy meetings are always a treat for those currency traders on the hunt for volatility...
API Reports Surplus, While WTI Awaits EIA Report's Calls Updated WTI is trading at key resistance area at $41.8/barrel...
The latest rebound in the pound comes on the back of indications from the polls that the support for the ‘Stay-in’ vote has reached one of its highest levels in recent months...
FxWirePro: GBP/USD Retains Bullish Outlook With Scope to Target 1.4450 The GBP/USD pair retreated back on Wednesday, as the Pound found short selling interest after data showed the number of unemployed in Britain rising and wage growth fell short of expectations...
US Dollar Rebounds to 94.20, Session Tops The greenback, gauged by the US Dollar Index, is now accelerating its daily upside to the area of 94.10/20. US Dollar retakes 94.00 The index has managed to regain the key 94.00 handle after bottoming out in the 93...
EUR/USD Tumbles to Lows Near 1.1330, USD Bid The European currency is now rapidly losing the grip vs. the greenback, with EUR/USD slipping towards the 1.1340 area, or daily lows. EUR/USD lower as USD catches bids The abrupt rebound of the US dollar from the key 94.00/93...
USD/JPY Supported Around 108.60/80 – Westpac The pair remains well supported in the 108.60/80 band ahead of the next BoJ meeting, suggested strategists at Westpac...
WTI Weaker Ahead of EIA, Near $41.50 Crude oil prices are retreating from session tops above the $42.00 mark on Wednesday, currently testing the mid-$41.00s ahead of the EIA report...
CHF/JPY Trade Idea Major resistance – 114 Major support – 113 The pair has made a high of 113.98 and declined from that level. It is currently trading at 113.65. Short term trend is slightly bullish as long as support 112.80 (Tenken-Sen) holds...
