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FXWIREPRO: GBP/USD Strongly Bearish Despite Upside Attempts The Sterling was the best performer against US dollar on Monday, as the pair extending its upward corrective movement towards 1.4321 levels, reaching the 50% retracement levels and gradually declining towards 1...
EUR/GBP Retreats Below 0.8000 The pound is rising against the euro after falling during the previous three trading days. EUR/GBP is testing daily lows as it trades at 0.7963, slightly above 0.7960. Today the pair is retreating from 1-month highs that reached on Friday at 0.8017...
WTI Gains Still Capped Above $37.00 The barrel of West Texas Intermediate keeps the initial negative tone unchanged on Monday, fading another bullish attempt to the key $37.00 handle. WTI up on US weakness Crude oil prices keep the narrow trading range today, finding support around $36...
The USD/CAD is close to a key level and bulls are preparing for a last stand; BMO’s Andersen suggests they may actually win. The US Dollar to Canadian Dollar (USD/CAD) continues falling, with no sign of change to the medium-term down-trend. If it breaks below the 1...
With AUDUSD trading over 0.76, it was just over a year ago when the RBA surprised markets with a rate cut due to AUD strength (then trading around 0.78...
The greenback, tracked by the US Dollar Index, has given away initial gains and is now back around the 94.55/50 area. US Dollar weaker post-US data The index faded the earlier spike to the vicinity of 94...
International Monetary Fund (IMF), while speaking on China, said the nation needs to have a greater communication to avoid overreaction in the financial markets...
AUD/USD: A Meeting of RBA will be Held Tomorrow Tomorrow at 06:30 (GMT+2) a meeting of the RBA will be held. Since the beginning of the year the pair AUD/USD has grown by 12%, reaching the new high at the level of 0.7720 at the end of March...
Citigroup Inc., the world’s biggest currency trader, says it’s “too soon” to buy the U.S. dollar after it slumped to a nine-month low and economic data came in stronger than forecast. A gauge of the dollar was little changed Monday after dropping 1...
Brent: Pressure on the Price Continues Weekly data released by the US Department of Energy last Wednesday showed the rise in the US oil reserves; which together with statement by Saudi crown prince Mohammend bin Salman, caused the decline in the price of crude oil Brent on Friday against the rise...
EUR/USD regained the 1.14 handle on Monday following a poor release from US Factory Orders. EUR/USD challenges highs above 1.14 Spot kept the buoyant tone after US Factory Orders have contracted 1.7% MoM in February, matching estimates albeit reverting January’s 1...
A contraction in the US factory orders is not helping GBP/USD, which appears to have run out of steam after having clocked a daily high of 1.4320 levels. Trades around 1.4280 The spot is slowly trimming gains, now trading around 1.4280 levels even though the US factory orders fell 1...
Brent: Oil Prices Go Down Qatar’s Minister of oil Mohammed bin Saleh al Sada said that 12 countries confirmed their participation in the upcoming meeting, devoted to freezing of oil production. The meeting will be held on 17 April in Doha...
Analytical Review of the Currency Pair EUR/USD Technical data of the currency pair: Previous closing: 1.1389; Daily range: 1.1371-1.1412; Opening: 1.1400...
The EUR is now starting to outperform again, with the support in EUR/GBP coming in a little earlier than we anticipated. Losses bottomed out around .7955, some 25-30 ticks off the support levels we mentioned earlier, and this has helped generate a spot EUR move back through 1...
EUR USD, “Euro vs US Dollar” The local ascending tendency continues. Despite the market is still moving above the H4 Super Trend, Eurodollar may try to break it. If later the pair recovers and starts moving above the H4 Super Trend, the price will continue growing towards the 6/8 level...
What Drives AUD/USD's Prospects in Long Term (in H2'2016) and OTC Positions? The rally extended last week as the AUD continued to push to fresh 2016 highs...
FXWIREPRO: Hedge AUD/USD's Exporter Fx Risks on Long Term Forecasts and Events Via 2:1 Backspreads Over the longer-term, we expect AU growth to remain subpar and AUD to drift lower. But, there have been a few key things to watch out in H2 of 2016...
Gold flirted with 50-DMA at $1215 levels throughout European session, before recovering losses on the back of a dip in treasury yields. Gold down 0...
