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EUR/USD: Neutral: Increasing upside risk. As indicated yesterday, a move to 1.1280 would not be surprising (overnight high has been 1.1303). From here, this month and last month peak at 1.1342 and 1...
FXWIREPRO: GBP/USD Faces Strong Resistance Around 1.4480, Good to Sell on Rallies Major resistance – 1.4480 (trend line joining 1.4663 and 1.4474) Major support -1.4350 (55 day EMA) Cable has retreated after making a high of 1.4450 level. It is currently trading around 1.43925...
#USDJPY has rebounded from the upper boundary of the horizontal channel down as a result of the cautious Yellen's speech. A #stochastic oscillator confirms the reversal and it is recommended to hold short positions. Find out more by checking out the Source Link...
Fed: On the Wings of a Dove - Investec Research Team at Investec, suggests that despite hawkish comments from various Federal Reserve members since the decidedly dovish FOMC statement earlier this month, Fed Chair Janet Yellen stuck to her dovish tone from the central bank meeting in a speech yes...
Yellen's speech resulted in the increase of #Gold. #Quotes have already reached the upper limit of the current short-term downtrend channel. Here, due to the achievement of the important technical level, the situation may change. Find out more by checking out the Source Link...
AUD/USD: Buyers Clustered Around 0.7450 – Westpac In view of strategists at Westpac, buyers of the Aussie dollar could be clustered around the mid-0.7400s...
German Inflation Likely to Snap Out of Negative Territory - TDS Research Team at TDS, notes that the regional German CPI data point to a positive print for the HICP release. Key Quotes “We had gone into the day flagging upside risks to the consensus of 0...
AUD/USD Upside Capped at 0.7700 The upside momentum around the Aussie dollar has faltered ahead of the 0.7700 handle today, with AUD/USD retreating towards the 0.7665/60 band...
Economic Sentiment Tumbles for Eurozone - ING Bert Colijn, Research Analyst at ING, notes that the economic sentiment indicator for the Eurozone decreased by 0.9 points to 103 in March...
ECB's Weidmann Warns Against Brexit In an interview to Germany's Funke Mediengruppe, published via Reuters on Wednesday, ECB policymaker and Bundesbank President Jens Weidmann issued a warning against Britain’s exit from EU...
Eurozone Economic Confidence At 13-Month Low Eurozone economic sentiment fell to a 13-month low in March, survey results from the European Commission showed Wednesday. The economic sentiment index came in at 103 versus 103.9 in February. This was the lowest reading since February 2015...
Pound Weakens Against Majors Reversing direction, the pound dropped against the other major currencies in European morning deals on Wednesday. The pound eased to 1.3868 versus the franc, 0.7871 versus the euro and 1.4387 against the greenback, from its early highs of 1.3933 and 0...
GBP/USD Off Highs, Back Below 1.4400 After climbing as high as 1.4450 earlier in the session, GBP/USD has now eased some pips and returned to the 1.4400 neighbourhood...
AUD/USD Could Visit 0.7850 – Commerzbank The Aussie dollar could see its upside extended towards the mid-0.7800s vs. the greenback, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “AUD/USD has seen a strong recovery off the 23.6% retracement support at...
USD/CAD Faces Double Whammy, 1.30 Tested The USD/CAD pair staged almost a 40-pips recovery from just ahead of 1.30 handle, now attempting to regain 1.3050 amid broad based US dollar weakness. USD/CAD drops for the 3rd straight session Currently, the USD/CAD pair drops -0.23% to 1...
USD/JPY Top in Place? – UOB The research team at UOB Group suggested that a top near the 114.00 could be in place for USD/JPY. Key Quotes “The expected corrective rebound has likely topped out at 113.80 yesterday (falling short of our target at 114.00)”...
Buy the Dips Towards 112.00 in USD/JPY – Westpac In view of strategists at Westpac, pullbacks towards the 112.00 handle are considered as buying opportunities. Key Quotes “Last week’s soft PMI data confirms the industrial sector is doing it tough (new orders at lows back to Jan 13...
Brent Oil Trims Gains, USD Sell Off Stalls Brent prices backed off from the session highs as broad based USD selling appears to have run out of steam ahead of US ADP payrolls report release. Rejected at $39.81 Prices clocked a high of $39.81 largely on the back of USD selling in early Europe...
Euro Zone is Not in Deflation – ECB’s Villeroy ECB’s Governing Council member Francois Villeroy de Galhaud has argued that negative inflation figures in the region are temporary, while he sees them picking up pace in the second half of the year...
