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Gold Retreats in Asia, but Stays Above $ 1260 Gold is seen correcting slightly lower towards 1260 levels, after having reached fresh three-week highs just before NY close as summer Fed rate hike expectations recede. Gold: 1260 mark tested Currently, gold now trades -0.20% lower at 1262...
FxWirePro: USD/SGD Hits Fresh Monthly Low at 1.3449, Good to Sell on Rallies USD/SGD is currently trading around 1.3475 marks. It made intraday high at 1.3496 and low at 1.3449 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3537 levels. A daily close below 1...
FxWirePro: Yen Continues to Add Strength Against US Dollar, Intraday Bias Remains Bearish USD/JPY is currently trading around 106.60 marks. It made intraday high at 107.08 and low at 106.51 levels. Intraday bias remains bearish till the time pair holds key resistance at 107.38 marks...
FxWirePro: ASX200 Struggle to Close Above 5400, Good to Buy at Dips Major resistance - 5430 (27th May 2016 high) Major Support - 5270 ASX200 has started to decline after making a high of 5387 yesterday. It is currently trading at 5355...
EURUSD Daily Forecast: June 09 2016 EURUSD Forecast The EURUSD had a moderate bullish momentum yesterday topped at 1.1410. The bias remains bullish in nearest term testing 1...
GBPUSD Daily Forecast: June 09 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.4430 region but key support remains around 1.4350. Immediate resistance is seen around 1...
USDJPY Daily Forecast: June 09 2016 USDJPY Forecast The USDJPY was indecisive yesterday but overall still able to maintain its bearish bias so far. The bias remains bearish in nearest term testing 106.00 – 105.50 area which remains a good place to buy with a tight stop loss...
USDCHF Daily Forecast: June 09 2016 USDCHF Forecast As expected, the USDCHF continued its bearish momentum yesterday bottomed at 0.9581. The bias remains bearish in nearest term especially if price able to make a clear break below 0.9570 testing 0.9470 region...
EURGBP- Having reversed most of its one-day corrective losses to close higher on Wednesday, further move higher is envisaged. Resistance resides at the 0.7900 level where a violation if seen will turn risk towards the 0.7950 level. On further upside, the 0...
Little RBA Cheer for Aussie Dollar Bears - UBS The Reserve Bank of Australia's (RBA) decision to leave the cash rate on hold at 1.75% earlier this week was expected. According to the UBS team, not so was the neutral rates bias delivered in the post-meeting media release...
Oil Reaches Fresh 10-Month Highs Amid Output Disruptions Oil prices rose to fresh 10-month highs on Wednesday, as a drawdown in US stockpiles and output disruptions in Nigeria helped to ease supply glut concerns. West Texas Intermediate crude oil for July rose 1.7% and settled at $51...
Oil Pulls Back After Fresh Highs Despite Inventory Drawdown Oil futures reached fresh 10-month highs and immediately turned lower despite data showed US crude oil inventories declined more than expected last week. US Department of Energy reported US crude oil inventories fell by 3...
GBP/CAD Resumes Decline, Hits Fresh 1-Month Lows The GBP/CAD cross shed around 130 pips on Wednesday, resuming its decline as crude oil prices rallied to fresh 10-month highs...
EUR/USD: Upside Seen Limited - UBS UBS analyst team still think the Fed will hike rates this year, which should shift US yields higher and support the USD, however they warn against opening positions ahead of the June 14-15 meeting. Key Quotes “Today we closed our short EUR vs...
EUR/USD Consolidating Gains Hovers Around 1.1400 EUR/USD rose to 1.1410, hitting the highest level since May 12 at 1.1410 after the beginning of the American session. Afterward it pulled back modestly and it has been moving in a range during the last hours between 1.1385 and 1.1410...
Gold Advances to 3-Week Highs Gold advanced to fresh 3-week high on Wednesday, as fading hopes of a Fed rate hike continued to weigh on the dollar. The yellow metal reached its highest since mid May at $1,264.32 an ounce, to finally settle above the $1,260.00 mark. Gold has recovered up to the 61...
FxWirePro: USD/CAD Pauses Decline, Downside Risk Remains The USD/CAD pair continued its decline on Wednesday, as the Canadian dollar gained strength as the prices of oil gained further ground. A weaker U.S. dollar added to gains for the loonie...
EUR/USD: Modest Advance Keeps the Risk Towards the Upside EUR/USD Current Price: 1.1402 The American dollar ends the day marginally lower against most of its major rivals, with the EUR/USD pair extending its rally up to 1.1410...
