FXWIREPRO: AUD/NZD Remains Supported Above 1.1062, Good to Buy on Dips AUD/NZD is trading around 1.1097 marks. Pair made intraday high at 1.1099 and low at 1.1075 marks...
•US Dollar Technical Strategy: Short On Hold of 200-DMA As Resistance •US Dollar Sees Largest 2-Day Drop since Topping in March 2015 •US Dollar Below 1-year 3-Standard Deviation Channel Dollar Bulls, or what’s left of them, have found themselves at a definitive level...
NZD/USD Back on the Bids above 0.68, Risk-on Underpins The NZD bulls caught a fresh bid tone over the last hour, allowing NZD/USD to regain 0.68 barrier as the oil price rebound lifts overall market sentiment. NZD/USD re-attempts hourly 200-SMA at 0.6817 Currently, the NZD/USD pair trades 0...
Gold Fails Near 20-DMA Resistance, Fed Minutes in Focus Gold prices reverse a part of yesterday’s solid rebound and now waver around $ 1230 barrier, on improved risk sentiment as Asian equities rebound along with the oil prices...
EURUSD Daily Forecast: April 06 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. As long as stay above 1.1335 price is still in a bullish phase testing 1.1500 which remains a good place to sell with a tight stop loss...
GBPUSD Daily Forecast: April 06 2016 GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.4121. The bias is bearish in nearest term testing 1.4050 area. Immediate resistance is seen around 1.4200/25...
USDJPY Daily Forecast: April 06 2016 USDJPY Forecast The USDJPY had a significant bearish momentum yesterday, broke below 110.96 key support as you can see on my daily chart below. The bias is bearish in nearest term testing 109.50 area. Immediate resistance is seen around 110.96...
USDCHF Daily Forecast: April 06 2016 USDCHF Forecast The USDCHF had another indecisive movement yesterday. Price slipped below 0.9570 but still unable to stay consistently below that area so far...
USD/JPY: First Time Below 110.00 Since Oct 2014 - Westpac Analysts at Westpac explained that the USD/JPY remained heavy amid equity weakness, the yen showing its safe haven status once again. Key Quotes: "The pair slipped from 110.50 to a low of 109...
USD/JPY Bulls Making a Stand on the 110 Handle USD/JPY is making a slight recovery in the Tokyo opening hour, up to challenge the 100 sma on the 15min time frame in a continuation of early Asia's bid...
Yen Strength Continues in Asia, BOJ Watching FX Following a relatively positive start of trading in Tokyo, which saw USD/JPY edge higher towards 110.50, renewed selling pressure in the Nikkei 225, now down by 0.35%, has seen buying flows returning into the Japanese Yen...
AUD/USD Rebounds to 0.7560 on Upbeat China Services The Australian dollar caught a fresh bid-wave against its US counterpart following the release of the Chinese services PMI report, driving AUD/USD back to daily tops. AUD/USD extends recovery above 0.7550 Currently, the AUD/USD pair gains 0...
Sterling looked in pretty decent shape for a short time yesterday, but gains through the low 1.43s were fleeting and the weak underlying trend quickly re-asserted itself...
In the weeks and months ahead, those keeping an eye on Japan and its currency will be treated to a three-ring circus, which started off Tuesday with a break in dollar-yen below the psychological Y110 level for the first time since October 31, 2014...
Monday was a mixed start to the week, but overall it was relatively quiet. Most currencies were flat and only the Yen and the AUD showed some real movements. The performance map below confirms that and we will also see that the AUDUSD and the USDJPY showed the best moves...
Analysts at Westpac explained that two out of three negative signals on GBP direct our portfolio to a short GBP position to be added on any near term strength. "We sell GBP/USD at 1.4450, stop 1.4610...
It looks like that for this week understanding currency movements, and importantly where exchange rates are headed, requires an understanding of risk hierarchies. Global stock markets are selling off as investors flee assets considered to be at risk of sharp declines...
Themes: the Fed in the driver’s seat. Our last report argued that the March ECB meeting would be the most difficult in recent years; the price action that followed has confirmed it...
The following are the latest technical setups for EUR/USD, GBP/USD, USD/CHF, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We have turned bearish following subsequent ‘‘doji’’ topping candles...
