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USD Underpinned by Renewed FED Hike Expectations The Dollar index recovered to 96.142 last Friday from its low of 94.578 on 18 Mar, due to renewed Fed hike expectations...
EURUSD Daily Forecast: March 28 2016 EURUSD Forecast The EURUSD had a bearish momentum last week. Price slipped above the trend line resistance but closed back below the trend line resistance created a false breakout bearish scenario as you can see on my H1 chart below...
GBPUSD Daily Forecast: March 28 2016 GBPUSD Forecast The GBPUSD had a bearish momentum last week bottomed at 1.4057. The bias is bearish in nearest term testing 1.4050. A clear break and daily close below that area could trigger further bearish pressure testing 1.3900 area...
USDJPY Daily Forecast: March 28 2016 USDJPY Forecast The USDJPY had a bullish momentum last week after a failure to make a clear break below 110.96 as you can see on my daily chart below, topped at 113.32 and hit 113.55 earlier today. The bias remains bullish in nearest term testing 114...
FXWIREPRO: USD/SGD Likely to Test Key Resistance at 1.3772, Intraday Bias Remains Bullish USD/SGD is currently trading around 1.3732 marks. It made intraday high at 1.3738 and low at 1.3705 levels. Intraday bias remains bullish for the moment. A sustained close above 1...
USDCHF Daily Forecast: March 28 2016 USDCHF Forecast The USDCHF was corrected higher last week topped at 0.9787. The bias remains bullish in nearest term testing 0.9820. Overall I remain bearish and any upside pullback should be seen as a good opportunity to sell with a tight stop loss above 0...
AUD/JPY: Near Term Upside Bias Above Pivot AUD/JPY has penetrated the 85 handle to the upside and hunting down territory through 85.20 resistance currently in this trade with only a handful at desks during the long weekend Easter break...
EUR/USD: 1.1000 on the Cards this Week? - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that as for the technical picture of the EUR/USD pair, a neutral stance has prevented itself for the near term. Key Quotes: "The price is stuck around the 61...
Japan: Inflation Remains Weak - Nomura While last week's March Tokyo core core CPI came above consensus, in view of Nomura, inflation in Japan remains weak, concluding that they expect the all-Japan core CPI inflation rate to be slightly negative y-y during 2016...
NZD/USD: Bullish Flag in Bearish Fundamentals NZD/USD remains within a bearish formation, sliding from recent 0.6784 highs on the 17th March and continuing a drift to the downside, having made lows of 0.6668 so far...
AUD/USD: Tracking Commodities; 0.76 Handle History? AUD/USD is currently consolidated in thin trade today with it being Easter Monday and there only being a partial show up for the trading day ahead with many holidays around the globe. AUD/USD bulls met their match of late on the 0...
AUD/USD Snapping the Uptrend - BBH The Australian dollar snapped a three-week advance and shed almost 1.3% last week. Key Quotes: "The 61.8% post-ECB and post-FOMC retracements are found near $0.7510. Like sterling, the RSI is neutral, but the MACDs have turned lower...
Even more so than in the euro area, recent monetary easing has failed to lead to a weaker currency in Japan. The yen is now at its strongest level since 2014, only months after the Bank of Japan introduced negative rates on a portion of deposits held at the central bank...
Analysts at Nomura Bank gave us the this week’s headline events (all times are GMT). "1. US: Core PCE MoM (Monday 13:30), Employment Report (Friday 13:30), ISM Manufacturing (Friday 15:00) 2. Europe: Euro area inflation (March) (Thursday 10:00) 3...
Analysts at Deutsche Bank explained that there is an active debate on the current state of JPY positioning...
Analysts at Brown Brothers Harriman explained that one of technical factor that emerged last week was the beginning of the correction of the dollar's losses. "This is most evident in the Dollar Index and its biggest constituent, the euro...
Analysts at Brown Brothers Harriman explained that the US dollar rose against all the major and most emerging market currencies last week. "After selling off following the ECB and FOMC meetings, the dollar found better traction. It was helped by widening interest rate differentials...
There are four events that will shape market psychology in the week ahead. They are Yellen's speech to the NY Economic Club, US jobs data, eurozone March CPI and PMI, and Japan's Tankan Survey...
The EUR / USD is going sideways between 1.0450 and 1.1450 since March 2015. Currently, it is at 1.1165. Not too far from 1.1450. Approximately 285 pips. As it is moving range bound, traders should keep their eyes on 1.1450 levels where the EUR / USD may find resistance and move lower...
