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EUR/USD Turns Positive Near 1.1320 A negative open in the European equity markets is prompting EUR/USD to regain the 1.1300 handle and trim gains towards 1.1320/25...
EUR/USD Upside Could Struggle Around 1.1425 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, occasional bullish attempts in the pair should face resistance around 1.1425. Key Quotes EUR/USD has seen initial failure at resistance offered by 1.1415/20, the 61...
USD/CHF Off Highs, Returns to 0.9640 After a test of session highs in the 0.9655/60 band during overnight trade, USD/CHF has now returned to the 0.9640 area, fading the initial upbeat momentum. USD/CHF supported near 0.9570 The pair has managed to revert the recent drop to the 0...
Gold Dips to $1265, Near-Term Bullish Bias Remains After touching a three-week high level of $1271 on Thursday, Gold is retracing a bit on Friday to currently trade around $1265 level...
USD Rebounds in Choppy Trading On Thursday, trading in the major US cross rates was technical, sometimes even erratic in nature. The overall decline of the dollar halted. Cross currency spill-over effects triggered a repositioning in several individual cross rates...
Dollar Rallies Broadly on Short Covering : Jun 10, 2016 The greenback pushed higher against the other major currencies on Thursday as the release of upbeat U.S. jobless claims data boosted optimism over the strength of the economy...
EURUSD - We look to Sell at 1.1337 (stop at 1.1377). EURUSD - Broken out of the wedge to the downside. Bearish Outside Day posted, a pattern that often indicates the end of a bullish run and the start of a new downward bias. The Marabuzo level from the 03/06 is located at 1.1255...
FxWirePro: USD/JPY Extends Recovery from 5-Week Lows, Struggles at 107 Handle USD/JPY is extending recovery from 5-week lows of 106.25 hit on Thursday, is currently struggling at 107 handle. Asian markets stabilize after initial sell-off, curbing the safe-haven demand for the Japanese currency...
EUR/GBP Challenging 100-DMA Support Near 0.7800 Handle The shared currency continued with its underperformance against the British Pound on Friday, with the EUR/GBP cross now moving back to 0.7800 handle...
USD/CAD Trims Gains to 1.2720 ahead of Data The Canadian dollar is now reclaiming the ground lost to its American neighbor, dragging USD/CAD to the 1.2720 area. USD/CAD focus on data, oil The pair is alternating gains with losses on Friday although it still manages to keep the trade above the 1...
GBP/USD Losing the Grip Near 1.4440 The sterling is following the rest of its risk-associated peers on Friday, sending GBP/USD to the lower end of the bound near 1.4440...
AUD/USD Slides Further to 0.7410, 100-DMA Back On Sight The AUD/USD pair is seen extending its Thursday's reversal from 0.7500 handle and is currently trading in the vicinity of 0.7400 handle amid broad risk-off trade...
USD/JPY Holding Stable Around 107.00 Handle Following a drop to 5-week low of 106.25 and a subsequent recovery back above 107.00 handle, the USD/JPY pair on Friday is holding stable around Thursday's closing level. Having topped at 107...
FxWirePro: NZD/JPY Breaks Major Support at 76.05, Good to Sell Rallies Kiwi rallied after the RBNZ left its interest rates on hold at 2.25%, but the rally lacked follow-through. The bird failed to sustain at higher levels and now extends its corrective slide as risk-off trades intensified...
EUR/USD Weaker, Breaks Below 1.1300 The single currency is extending its bearish note at the end of the week, now prompting EUR/USD to test the 1.1300 neighbourhood...
FxWirePro: Go Long on USD/INR at 66.78 With Stop Loss at 66.50 and Target of 67.12 USD/INR is currently trading around 66.82. It made intraday high at 66.88 and low at 66.74 marks. Intraday bias remains bullish till the time pair holds key support at 66.50 marks. A sustained break below 66...
Oil Extend Slide, Drops to Low Near $50.00 After hitting nearly one-year high of $51.64, WTI crude oil futures pulled-back on Thursday and extended the profit-taking slide on Friday and is currently trading just above the $50.00 psychological mark...
Global Growth Disappointment to Continue - RBS The views of RBS economists on global economic matters have been largely vindicated by the incoming data in recent weeks. Key Quotes “Global growth is decelerating and undershooting consensus forecasts as we anticipated...
FxWirePro: Sharp Fall in Australian Bond Yields Weighs on the Aussie, AUD/USD Tests 0.74 Handle AUD/USD extends correction for the second straight day as lower Australian bond yields weigh on the Aussie. The pair hit session lows of 0...
