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Dollar Weakening After Yellen Stresses Need For Caution The dollar is losing ground against all of its major rivals Tuesday afternoon. The U.S. currency began to weaken after Federal Reserve Chair Janet Yellen's highly anticipated speech to the Economic Club of New York this afternoon...
FXWIREPRO: GBP/USD Intraday Upside Momentum Strong After Fed Yellen Comments The pair has found renewed bullish momentum after Fed yellen comments, breaking strong resistance at 1.4269 and is moving upwards to test next resistance level at 1.4377. The pair is trading around 1...
Brent: Oil Market is Now Uncertain According to US Energy Department, last week oil and oil products reserves in the USA increased by 9.357 million barrels. Statistics released by API showed that oil reserves have increased by 8.7 million barrels...
Brent: The Price can Go Below the Level of 41.50 The price of crude oil Brent failed to overcome resistance level of 41.50, which was mentioned in our previous review of 23.03.2016 “the rise can be continued in case of breakdown of the levels of 41.50 and 42...
USD Tumbles in the Market on Yellen Comments The US dollar dropped sharply after the release of Janet Yellen speech, that was seen as dovish by market participants...
EUR/USD: Bulls Take Charge on an Uncertain and Dovish Fed EUR/USD has rallied to1.1263 so far ahead of Yellen's presser after a speech she is currently making at the Economic Club of New York...
Yellen: Appropriate for Fed to Proceed Cautiously with Rate Hike Janet Yellen, Chair of the Federal Reserve, said today in New York that the central bank must move with caution regarding interest rate hikes given the current outlook. She mentioned that inflation expectation may have drifted lower...
GBP/USD: Bulls Target 1.44 Handle on Dovish Yellen GBP/USD has rallied from 1.4280 to make fresh highs which are rising at time of writing towards the half way point on the 1.43 handle after Yellen's dovish tone speaking in New York today...
• EUR/CHF is trading mixed since it failed to reach 1.1000 which shows that short-term bearish pressures are still lively. Hourly support can be found at 1.0874 (23/03/2016 low) while hourly resistance is given at 1.1023 (10/03/2016 high). Expected to show continued weakness...
It’s been only weeks since the Fed’s dovish decision in March, so it’s no surprise today’s speech by Yellen didn’t diverge much from the wait and see stance adopted by the FOMC...
The GBP has lost almost 10% since the autumn peak in effective terms and stabilised somewhat in March, supported by global risk sentiment and higher oil prices. We have seen the worst by now. GBP/USD has bottomed with oil Interestingly, GBP/USD has been trading closely with oil prices...
For more than a century, the Economic Club of New York has served as one of the nation's leading nonpartisan forums for discussion of economic policy issues. It is an honor to appear before you today to speak about the Federal Reserve's pursuit of maximum employment and price stability...
Analysis : Descending Triangle identified at 29-Mar-05:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.85 within the next 3 days. Supporting Indicators : RSI above 60 Resistance Levels...
More notable moves in the FX majors, where USD/JPY is now in touching distance or the Asia lows at 113.20...
I’ve continued to focus the bulk of my trading on these three setups highlighted this week. Keep in mind we’re heading into a holiday weekend with the close of the month / quarter on tap next week...
The NZD/USD is currently retracing, after posting a new yearly high last week at a price of .6874. As the pair declines, traders looking to join the trend may plan for the pair’s next major breakout. To do so, an entry order may be considered one pip above the high at .6875...
The main data release this week will be the March non-farm payrolls report on Friday where BNP Paribas expects the Easter effect to have a negative impact on the headline figure. "We see the pace of hiring slowing to 180k from 242k in February, a flat unemployment rate at 4...
All eyes today are on Janet Yellen who is speaking at the Economic Club of New York at 12:20 pm ET. The danger is that she is very balanced/neutral...
