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UK Service Sector Improves, but Brexit Fears Weighs on the Outlook - ING James Knightley, Research Analyst at ING, notes that the UK’s service sector purchasing managers’ index has risen a fraction more than expected to stand at 53.7 in March versus 52.7 in February (consensus was 53.5...
FXWIREPRO: Gold May Drop to $1130 Area If Fails to Break Higher Gold bulls are facing critical test at this point, to break above or break below. Our previous call, to buy gold at $1200/troy ounce with $1180 stop loss is valid and in profit as gold is trading around $1230/troy ounce area...
For Kiwi, Focus Is on Dairy Auctions Today New Zealand Dollar, riding on weaker Dollar and recent improved sentiments towards commodities broken above a key resistance around 0.69 area. However that break has so far been short lived as Dollar has snapped back its loss broad based...
Brent Oil Stays Near One-Month Low on Falling US Demand Brent prices trade at lowest since March 4 as investors worry about fading prospects of OPEC and non-OPEC output freeze and fresh signs of falling US demand. At the time of writing, Brent oil was trading 10 cents or 0...
Lee Hardman, Currency Analyst at MUFG, notes that the yen has strengthened in the Asian trading session resulting in USD/JPY breaking below the recent low from the 17th March...
EUR/USD Depressed Around 1.1350, US Data Eyed The common currency remains on the defensive on Tuesday, with EUR/USD trading in the area of daily lows near 1.1350...
Negative interest rates, which central banks in several countries have implemented as a way to spur economic growth, is a radical move. In part two of a three-part series, ‘Negative Thinking,’ commentator Satyajit Das examines this policy and its risks...
USD/JPY Keeps Multi-Month Lows Near 110.30 The better sentiment around the Japanese currency has sent USD/JPY to test the 110.40/30 band, fresh multi-month lows. USD/JPY stronger on risk aversion Spot has accelerated its downside to levels last seen in October 2014 in the proximity of 110...
ISM Non-Manufacturing Survey (March) - Tue 4/5 - 10 AM ET * Skandinaviska Enskilda Banken AB (Swedish pronunciation: [skandɪˈnɑːvɪska ˈeːnˈɧɪlda ˈbaŋːkən], Scandinavian Individual Bank), abbreviated SEB, is a Swedish financial group for corporate customers, institutions and private individuals wi...
Pre US Open, Daily Technical Analysis Tuesday, April 05, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: under pressure. Pivot: 1.1415 Most Likely Scenario: short positions below 1...
AUD/USD losses recorded to a touch under .7525 this morning, with the introduction of North American markets added fresh mileage to the USD move against the commodity based currencies. From here we look to the .7475 lows posted on 24 March, from which we eventually generated a move up to...
According to the research team at UOB Group, the pair still faces increasing downside pressure. “While USD is clearly on the defensive, the internal momentum is not as impulsive as we would like and it is unclear if the current weakness could extend significantly lower in the days ahead”...
Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the relevance of the key support at 0.7477. “AUD/USD held sideways and has started to erode the accelerated uptrend at .7610 – this adds weight to the idea of a correction lower taking hold near term”...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, April 5th NZD/USD trades -0.69% lower at fresh session holding just on 0.6800 with its lowest position at 0.6785...
Strategists at TD Securities expect the ECB minutes to show strong consensus behind the March meeting. Key Quotes “The ECB minutes should reveal the strength of consensus behind March's big easing move”...
Channel Down identified at 04-Apr-16:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.746 within the next 3 days. Resistance Levels : ( B ) 0.7464Last resistance turning point of Channel Down...
GBP/USD Still in Consolidative Range – UOB The research team at UOB Group expects the pair to extend its rangebound pattern in the next weeks. Key Quotes “Instead of extending its recent weakness, GBP rebounded strongly from a low of 1.4192...
Researchers at BBH have noted the relevance of the 64.34/62.34 band in USD/RUB. Key Quotes “USD/RUB has retraced nearly three quarter of the October-January rise”. “Break below the November 20 low near 64.34 and then the November 3 low near 62.34 would set up a test of the October 16 low near 60...
EUR/JPY Upside Expected to Fail at 129.35 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, occasional up moves in the cross could struggle around 129.30...
