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USD/JPY Fails to Resist Above 109 Amid Risk-on The bulls face exhaustion in the European session, now pushing USD/JPY back below 109 handle as focus now shifts towards the upcoming Fed speak for fresh cues on the Fed rate hike prospects...
We can state the final formation of signs of the graphic reversal pattern "inverted head and shoulders" in #GPBUSD. Now we are waiting for a breakthrough of its graphic border, which does not exclude our work in the current short-term trend. Find out more by checking out the Source Link...
PBoC Intervention on the Cards? – Danske Bank Sverre Holbek, Senior Analyst at Danske Bank, sees the possibility that the Chinese central bank could act in case of unwelcomed depreciation of the Yuan...
#Quotes of #Gold continues to show no directional dynamics. Frequent changes of sentiments in the financial markets is reflected in the price of this safe-haven asset. It is recommended to consider sales from the upper boundary of the channel. Find out more by checking out the Source Link...
GBP/USD Tests 1.4100 on UK Data The British pound has abandoned the area of daily peaks vs. the dollar, with GBP/USD wobbling around 1.4100 following UK’s releases. GBP/USD bid despite poor data Spot has retreated from session highs near 1...
EUR/GBP Attempts Recovery After Weak UK Data The recovery in the EUR/GBP pair is gathering pace after the UK trade deficit figure printed higher than estimates, while manufacturing production contracted sharply. Trades around 0.8070 The cross hovers around 0.8070 from the pre-data level of 0...
HedgeTrackTrader - new forex robot. APRIL 2016. This automated Forex trading system trades on 20 currency pairs. Author says that this Forex expert advisor using Cross Currency Hedging Technology make over 400% profit a year...
EUR/USD Still Neutral Near Term – UOB In view of analysts at UOB Group, EUR/USD keeps its neutral bias for the next 1-3 weeks. Key Quotes “EUR touched 1.1453 yesterday but dropped quickly from the high”...
US Oil Breaks Major Trend Line Resistance, Targets $39.35/$40 Major support - $36.80 (200 day 4HMA) Major resistance - $38 (trend line joining $40.11 and $38.26) US Oil has taken support near 200 day 4H MA and recovered from that level. It is currently trading around $38.16...
Swiss Fx Reserves Increases in Past 12 Months EUR/CHF was under moderate pressure in the past few days. It is now trading much below the mark of 1.09 again. The new exchange rate regime does not work to avert increase in balance sheet of SNB, according to Commerzbank...
Oil Extends Gains, WTI Rises 3% Oil prices extended gains in Europe, with both benchmarks trading at least 3% higher on the day as traders cheered Fed’s bullish comments on economy and strong German data. At the time of writing, WTI futures were up 3.5% at $38.57/barrel. Brent futures traded 3...
USD/JPY Door Open for a Visit to 106.63 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot remains headed towards the 106.60 area. Key Quotes “USD/JPY remains on course for the 106.63/38.2% retracement of the move up from 2012”...
GBP/USD Clinches Highs Beyond 1.4100, UK Data Eyed A bout of buying interest in the risk-associated space has given extra wings to the sterling, helping GBP/USD to regain the 1.4100 handle and above...
USD/JPY Attempting Break Above Hourly 50-MA The corrective move in the USD/JPY strengthened further in Europe, with the pair making a failed attempt to break above hourly 50-MA located at 109.10 levels...
Technical Analysis of USDX for April 8, 2016 The Dollar index is showing signs of a possible reversal that is near. Several bullish divergence signals are given despite the new low. The trend remains bearish but dollar bears should be very cautious as a reversal could occur any time now...
Technical Analysis of Gold for April 8, 2016 Gold made an upward move yesterday towards the $1,240 critical resistance level but did not manage to break it. The weekly trend remains supportive but, in my overall view, long positions are preferred only after a deeper decline towards $1,170-$1,100...
US: Yellen Provides Balance to Previous Pessimism - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the Fed Chair Yellen was last night more eager to emphasise the positives while sharing the stage with the previous three Fed Chairmen – Volker, Greenspan and Bernanke...
Asia Roundup: Antipodeans Head for Weekly Losses, Dollar steady After Hitting 17-Month Low Vs Yen - Asian Shares Extend Losses Market Roundup Japan FinMin Aso – Current FX moves one-sided, rapid moves undesirable, will take necessary steps vs FX moves as needed...
FXWIREPRO: BTC/USD Trades Well Above $400, Good to Buy at Dips Major support - $400 BTC/USD has slightly recovered till $422 after making a low of $403.It is currently trading around $420.66. Short term trend is slightly bullish as long as support $400 holds...
Should BoJ Intervene in Yen? We at FxWirePro, think they should not. Even if they still do, it may not yield the result they are looking for. Reasons being simple – According to G20 agreement, currency intervention to exploit trade benefits through competitive devaluations are not to be practiced...
