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FXWIREPRO: Short Cable Below Supports at 1.4229 As Gains Seem Momentary, Major Bear Trend Intact Speculate Via Binaries Although we are seeing upswings, we suspect the sustenance and could foresee the many technical obstacles for its sustainability. Be cautious and stay away between 1.4280 - 1...
Asia FX: Don’t Drive with Flat Tyres – Deutsche Bank Research Team at Deutsche Bank, had held to their view that the recent risk rally was not to be chased in Asian FX as both wheels of the Asian growth cycle were slowly deflating, with the export cycle in deep negative territory and the credit c...
GBP/USD Nears 1.43, Trades Above Hourly 200-MA Dollar selling is gathering pace in early US, courtesy of which the GBP/USD pair has taken out hourly 200-MA of 1.4265 and is now eyeing 1.43 handle...
Will Yellen Reinforce Her Comments from FOMC Meeting? - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that on a DXY basis, the US dollar is close to unchanged from the pre-Easter London holiday close underlining the lack of drivers for the dollar over the vacation period...
Dear Traders, We welcome you back to a new trading week and hope you will be fit for trading as this week promises to be very interesting in terms of the outlook for U.S. monetary policy. We have Fed Chair Janet Yellen's speech before the Economic Club of New York today and the U.S...
USD/CAD Falls Further to 1.3160 The greenback is extending its daily decline today, now relegating USD/CAD to the lower end of the range near 1.3160. USD/CAD weaker ahead of Yellen Spot has retreated to multi-day lows in the 1.3165/60 band as the US dollar has reverted its initial positive note...
USD/JPY Finds Fresh Bids Near 113.50, Yellen in Focus Having peaked ahead of 113.80 levels in the last hour, the USD/JPY pair dropped sharply below the mid-point of 113 handle, before finding fresh bids at the last...
The euro to dollar exchange rate found buying interest at the start of the week at the 20 day moving average at 1.1154...
The Pound has been making a quiet recovery over the past week, with the UK currency tracking marginally higher against the Buck over that time frame. Thus far re-emergent GBP strength is still corrective in nature - i.e gains are not necessarily sustainable. Unless key resistance at 1...
The solid support seen in the GBP to EUR conversion rate of late has some analysts suggesting a budding rebound could advance beyond 1.30. Market otherwise appears content to pivot 1.2750 or so for now as previous declines are digested “With monthly indicators near a floor, only a break below 1...
Yesterday was a very successful day for buyers – #GPBUSD has shown a daily growth by almost 120 points. Restoring of quotes with almost no fundamental reasons took place amid low liquidity as the markets were closed due to the Easter Monday. Find out more by checking out the Source Link...
#USDCAD #quotes are close to the resistance line of the current medium-term downtrend. Here can be decided whether the bears will find the strength for a new attack. It is recommended to be out of the market until the pair crosses the support or the resistance level...
JPY: PM Abe Dampens Speculation of Sales Tax Postponement - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the PM Abe spoke in the Diet today and was clear that the government was not considering postponing the planned sales tax increase from 8% to 10% scheduled for April 2017, arg...
Fed Chair Yellen’s Speech in the Limelight Today – Deutsche Bank Research Team at Deutsche Bank, suggests that we are due to hear from Fed Chair Yellen, speaking at the Economic Club of New York (scheduled for 4.20pm GMT...
How many times in your trading career have you scraped a trading strategy? Frustration in trading often peaks when a strategy comes upon a series of losses that leads many to completely start over...
Calculated data levels: Support (S1 / S2 / S3 = 113,21.09 / 112,88), resistance (R1 / R2 / R3 = 113,63 / 75/96). Key support levels (1st from 113.03 to 113.35 at the end of the day, the 2nd of 112.80 to 113.16...
AUD/USD Faces Consolidation Near-Term – UOB In opinion of the research team at UOB Group, the Aussie dollar could face further consolidation in the next 1-3 weeks. Key Quotes “In recent updates, we were of the view that the pull-back from the high of 0...
How many times in your trading career have you scraped a trading strategy? Frustration in trading often peaks when a strategy comes upon a series of losses that leads many to completely start over...
Policy announcements from the ECB and the Fed in the last few weeks go some way to support the theory that G20 Central Bank governors came to a tacit agreement at their February Shanghai gathering that policy pronouncements in recent months had not been conducive to financial stability and instea...
