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European Stocks Advance as Commodity Shares Rally Oil price gains and the resulting rise in commodity shares pushed the major European indices higher in early trading on Friday. At the time of writing, pan-European Euro Stoxx 50 index was up 1.10%. Germany’s DAX and France’s CAC were up 0...
Technical Analysis of USD/CHF for April 08, 2016 USD/CHF is expected to trade in a lower range as the pair is under pressure. The pair remains on the downside after swinging off yesterday's low of 0.9520, showing a pattern of lower highs...
Technical Analysis of NZD/USD for April 08, 2016 NZD/USD Intraday: Key resistance is at 0.6820. The pair remains weak below its nearest key resistance at 0.6820 and is likely to challenge its support at 0.6755 in sight...
Technical Analysis of GBP/JPY for April 08, 2016 GBP/JPY is expected to trade in a lower range as key resistance is at 153.70. The pair has been capped by its descending 50-period moving average and remains under pressure...
UK Manufacturing Production Preview: What to expect of GBP/USD? UK manufacturing production numbers due for release today are likely show the output contracted in February. Manufacturing production is seen falling 0.2% m/m and 0.7% y/y. Meanwhile, industrial production is seen rising 0...
USD Lacks Underlying Support - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that a spike in risk aversion may save the USD on selected crosses near term but the beyond that the currency lacks underlying support...
GBP/USD Downside Risks on the Rise – UOB The research team at UOB Group has noted GBP faces risks of further downside in the near term...
Elliott Wave Analysis of EUR/NZD for April 8 - 2016 Wave summary: We continue to look for upside acceleration and expect this will be seen once resistance at 1.6874 is overcome. In the longer term, we are looking for a strong rally in wave [iii] higher towards 1.8550...
Elliott Wave Analysis of EUR/JPY for April 8 - 2016 Wave summary: We continue to look for a decline to 120.98 (red wave iii), where red wave iii will be 161.8% longer than red wave i. Once red wave iii is in place near 120...
GBP/USD Turns Negative Near 1.4060, UK IP in Focus The GBP/USD pair is seen surrendering in the European morning, and drifts lower towards daily lows as markets remain wary ahead of the crucial UK industrial and manufacturing output numbers. GBP/USD losing sight of 1.41 handle...
Riksbank Could Stay ‘On-Hold’ in April – Danske Bank According to Senior Analyst at Danske Bank Sverre Holbek, the Riksbank could stay put at its meeting later in the month...
EUR/USD Risks a Test of 1.1144 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a visit to recent lows in the 1.1140 area. Key Quotes “EUR/USD charted another new high (1...
GBP/JPY Breaks Minor Resistance 153, Jump Till 154/154.95 Is Possible Major Intraday resistance -153 (1 H Kijun-Sen) Major intraday support – 152.50 (1 H Tenken-Sen) GBP/JPY has broken major intraday resistance 153 and jumped till 153.23 at the time of writing .It is currently trading around 153...
FXWIREPRO: NZD/CAD Faces Minor Resistance Around 0.8970, Good to Sell on Rallies Minor resistance 0.8970 Major support -0.8850 The pair has slightly recovered after making a low of 0.8872. It is currently trading around 0.88835. Intraday trend is weak as long as resistance 0.8970 holds...
Technical Analysis of EUR/USD for April 08, 2016 When the European market opens, some economic news will be released such as French Industrial Production m/m, French Gov Budget Balance, German Trade Balance. The US will release economic data too such as Wholesale Inventories m/m...
Technical Analysis of USD/JPY for April 08, 2016 In Asia, Japan will release the Economy Watchers Sentiment, Consumer Confidence, Current Account and the US will release some economic data such as Wholesale Inventories m/m...
China: Stabilisation of March FX Reserves - Nomura Research Team at Nomura, notes that China’s headline FX reserves rose by USD10.3bn m-o-m in March to USD3.213trn compared with our expectation of a small USD10.0bn decline (we forecast headline reserves at USD3.192trn...
EUR/USD in a Tight Range Near 1.1370 The shared currency is trading almost unchanged vs. its American counterpart at the beginning of the week, taking EUR/USD to the 1.1370 area. EUR/USD gains capped near 1.1450 The pair has faded yesterday’s spike to fresh 2016 peaks in the mid-1...
CAD: Setting Up for March Employment Numbers – TDS Research Team at TDS, suggests that on the heels of two consecutive months of disappointing employment prints, the Canadian labour market likely recovered in March with a forecasted addition of 18k jobs...
•The sharp decline in equities and Yen crosses this past session had many traders' 'risk aversion' radars going off •There was little fundamental drive to spur risk deleveraging and the breadth of the move sows doubt •While I am watching NZDJPY and the pace of sentiment, I have yet to add to my U...
