EUR/USD: Bearish: Diminished odds for further down-move. We mentioned in recent updates that EUR has to move below the 1.1230 support soon or risk a rapid loss in downward momentum...
FxWirePro: AUD/JPY Rejected at Session Lows, Finds Strong Support at 84.60 AUD/JPY finds strong support by 5-DMA at 84.60, pair has held support and edged higher to currently trade at 85.28. Technicals on daily charts point to furher gains. Pair on track to test next hurdle at 85...
Eurozone: Light on Action, Heavy on Words - ING Carsten Brzeski, Chief Economist at ING, suggests that after months of excitement and two new attempts by the ECB to revive the Eurozone economy, tomorrow’s ECB meeting should be light on new action...
USD/CAD Further Pullbacks Expected – Westpac Strategists at Westpac believe the pair is headed towards lower levels in the next months. Key Quotes “Weakness in USD/CAD has further to go, a potentially higher March CPI next week thanks to stronger energy prices may well be a catalyst”...
EUR: Confined in a Range Ahead of ECB - BBH Research Team at TDS, notes that the euro reached $1.1385 yesterday, a four-day high, but euro has hardly backed off and has been confined to about a quarter cent range today. Key Quotes “The market may be cautious ahead of tomorrow's ECB meeting...
EUR/USD Rallies Could Struggle Around 1.1342/77 – Commerzbank In opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, occasional bullish attempts in the pair could fade in the 1.1342/77 band. Key Quotes “EUR/USD recently charted a minor new high of 1...
FxWirePro: FTSE100 Faces Strong Resistance at 200 WMA, Good to Sell on Rallies Major resistance- 6430 (200 W MA) Major support – 6296 (55 W EMA) The index has made a high of 6471 yesterday and started to decline from that level . It is currently trading around 6375...
JPY Little Changed as Kuroda Leaves Open the Scope More Easing - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that following his interview in the Wall Street Journal where he stated that a sustained period of yen strength could impact inflation and hence prompt monetary action, Govern...
GBP/USD Neglects Weak UK Jobs Data While investors remain busy tracking oil prices, GBP/USD pair recovers from day's low of 1.4345 to 1.4400, neglecting disappointing UK jobs data and even as Brexit referendum remains high on agenda. GBP/USD remains anchored below 1...
EUR/GBP Upside Capped by Hourly 50-SMA, Near 0.7900 The upbeat momentum seen in the EUR/GBP cross in the Asian session lost steam at hourly 50-SMA located at 0.7915 post-European open, and the prices now waver around 0.79 handle...
GBP: Some Respite as ‘Leave’ Provides a Scenario - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that the pound has had some respite of late with the BOE broad trade-weighted index 1.5% higher than the low hit on 8th April...
FxWirePro: EUR/GBP Extends Declines Post UK Labour Market and Household Confidence Data, Hits Session Lows at 0.7892 Number of people in UK claiming unemployment benefits increased by 6,700 in March, the first rise since August 2015. Unemployment rate held steady at 5...
EUR/USD Printing Highs Near 1.1380 The buying interest is now picking up pace around the shared currency, lifting EUR/USD to daily peaks near 1.1380...
Technical Analysis of USD/CAD for April 20, 2016 General overview for 20/04/2016: The wave (c) bottom might be in place, however the alternative count is still indicating a possible wave alt: iv in progress right now. The bulls would have to break out above the level of 1...
Technical Analysis of USDX for April 20, 2016 The Dollar index made the deep correction I've been expecting and we should now see a bullish reversal. For this to be confirmed, we first need a break above 94.80 and then above 95.20...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, April 20th GBP/USD is losing ground after 3-week tops at 1.4419, as the greenback is seen recovering some ground and market participants seem biased to some profit taking as well...
Technical Analysis of Gold for April 20, 2016 Gold bounced yesterday towards resistance of $1,260 and got rejected as the price hit the upper triangle boundary. This rejection is a bearish sign...
Technical Analysis of USD/CHF for April 20, 2016 USD/CHF is expected to trade with a bearish bias as key resistance is at 0.9645. Technically, the pair remains under pressure below its falling 50-period moving average, which plays a strong resistance role since April 18, 2016...
