FxWirePro: Indian Rupee Strengthens Against US Dollar, Good to Sell on Rallies USD/INR is currently trading around 66.57. It made intraday high at 66.62 and low at 66.54 marks. Intraday bias remains bearish till the time pair holds key resistance at 66.72 marks. A daily close below 66...
USD/JPY Minor Weakness Only Below 108, Good to Go Long Major support – 108 (7 day EMA) Major resistance – 108.81 (21 day MA) USD/JPY has taken support near 7 day EMA and slightly recovered from that level. It is currently trading around 108.75. Minor weakness can be seen only below 108 level...
On Thursday, the British currency will attract traders' attention, as today it is so-called #SuperThursday. Forecasts' revisions, Carney's comments, the inflation report... everything can affect GPB. Find out more by checking out the Source Link...
Gold: Offered at 10-DMA, Drops to Test $ 1270 The yellow metal failed to sustain two back-to-back sessions of gains and fell sharply in the Asian hours, having met fresh supply almost at 10-DMA. Gold finds support at $1270 Currently, gold trades -0.37% lower at 1272...
EUR/USD Consolidates in a Directionless Trading Session As risk-aversion strikes back, the EUR/USD pair is moving in a narrow trading band, consolidating Wednesday's gains ahead of the BoE's Super Thursday...
US: Moderate Growth Expected Through to 2018 - NAB Tony Kelly, Senior Economist at NAB, suggests that the U.S. economy had a weak start to 2016, but they forecast it to rebound, with moderate growth expected through to 2018...
USD/JPY Tracks Nikkei Higher, 109 – a Whisker Away The extension of gains on the Japanese stocks further fuelled the risk-on sentiment and boosted the bids for USD/JPY, now pushing the rate closer towards 109 handle...
FxWirePro: USD/MXN Bullish Engulfing Appears Despite Shooting Star and Gravestone on Monthly - Don't Be Deceived With On daily charts of USD/MXN, shooting star candle occurred at 17.8410 followed by a bullish engulfing pattern candle also occurred at 17.8379 levels...
Guide to Today's Important Data and Events Not many economic dockets scheduled for today and some with high risks associated. Data released so far – Australia – Consumer inflation expectations for May declined to 3.2% from 3.6% prior. Upcoming –...
EUR/GBP Tests Wednesday’s High Above 0.79, BOE Eyed The cross in the EUR/GBP trades in a flat-lining above 0.79 handle, now catches fresh bids in an effort to take-out Wednesday’s high at 0.7920 as the pound runs through fresh offers in early Europe...
GBP/USD Treads Water Around 1.4450, BOE in Spotlight The bulls tried hard to regain control almost through the Asian session, but in vain, as the GBP/USD pair continues to consolidate the downside on 1...
CHF: Unresponsive to Positive Inflation Surprise - Nomura Research Team at Nomura, suggests that a few positive Swiss economic data releases such as April CPI inflation are unlikely to change the CHF weakening trend. Key Quotes “April Swiss CPI released on Monday recovered to -0.4% y-o-y from -0...
FxWirePro: AXS200 Faces Strong Support at 5300, Good to Buy at Dips Major Support - 5300 ASX200 pares losses made yesterday and slightly jumped till 5367 at the time of writing. It is currently trading at 5346. Short term trend is slightly bullish as long as support 5300 holds...
FxWirePro: Aussie Falls As Inflation Expectation Dips to Fresh 8-Month Low AUD/NZD is trading around 1.0756 marks. Pair made intraday high at 1.0819 and low at 1.0747 marks. MI inflation expectation falls to fresh 8 month low to 3.2% m/m vs 3.6% previous release...
FxWirePro: Nikkei225 Faces Strong Resistance at 100 Day EMA, Good to Sell on Rallies Major resistance - 17000 (100 day EMA) Major support - 16350 (10 day EMA) Nikkei index has declined yesterday after making a high of 16800.It is currently trading around 16484...
Just How Robust is the Mighty US Consumer? - ANZ Research Team at ANZ, suggests that when world growth splutters, producers have traditionally looked to the US consumer to save the day...
EUR/USD Finds Acceptance Above 1.14 Handle EUR/USD has found a balance area between 1.1420 and 1.1430 in Asia, with market makers keeping the pair in as tight a range as it gets, following the strong appreciation from 1.1370 lows up towards 1.1445 highs on Thursday...
AUD/USD on Free-Fall, Aus Data Weighs AUD/USD is trading under very heavy pressure following the release of the Australian consumer inflation expectation, which came at 3.2% in May vs 3.6% expected. Market remains dovish AUD on RBA rate cut expectations The pair exchanges hands at day lows of 0...
Asian Stocks Attempt Recovery Amid Improving Risk Conditions The persisting risk-off sentiment is seen easing towards the mid-Asian trades, allowing a solid recovery in the Asian equity markets as yen weakened across the board, boosting the energy stocks in the region’s indices...
