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USD/CHF Struggling Around 0.9700 Handle Following a drop to its lowest level since May 12, the USD/CHF pair attempted a tepid recovery on Monday but now seems to struggle in extending its recovery decisively above 0.9700 handle. After Friday's sharp slide of over 1...
EUR/GBP Regains 0.7830 ahead of EMU GDP After the ‘fat-finger’ move to the mid-0.7700s, EUR/GBP has quickly recovered and is now navigating the area of 0.7830 ahead of EMU data...
FxWirePro: Silver Fails to Sustain Above $16.51, Faces Strong Support at $16.32 XAG/USD is currently trading around $16.33 marks. It made intraday high at $16.46 and low at $16.31 levels. Intraday bias remains bearish till the time pair holds key support at $16.32 marks. A daily close below $16...
FxWirePro: GBP/JPY Faces Strong Support at 155.70, Good to Buy at Dips Major support – 155.70 (Hourly Kijun-Sen) The pair has declined drastically after making a high of 157.91 at the time of writing. It is currently trading around 156.43...
Gold - We look to Sell a break of 1240 (stop at 1250) Gold - The rally was sold and the dip bought resulting in little net change yesterday. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible...
EUR/USD Revisits Daily Highs Near 1.1365 on Upbeat German IP The EUR/USD pair appears to have found solid support at the mid-point of 1.13 handle, and jumped higher from there to test daily highs following the release of surprisingly positive German industrial figures. EUR/USD looks to test 1...
EUR/USD Initial Target at 1.14 – UOB The research team at UOB Group has reiterated its bullish perspective for the pair, adding that the next target remains at 1.1400 in the next 1-3 weeks. Key Quotes “Despite early signs of slowing momentum, another attempt towards 1.1400 seems likely from here...
NZD/GBP is Breaking Down - Westpac Imre Speizer, Research Analyst at Westpac, suggests that the Brexit referendum on 23 June has been the dominant influence on the GBP this year. Key Quotes “The risk of a “yes” vote hurt the GBP until April, but more recently markets have played down the risk...
EUR/USD Around 1.1350 ahead of German, EMU Data The single currency has deflated from recent highs vs. the greenback, taking EUR/USD back to the mid-1.1300s. EUR/USD capped by 1.1400 The pair remained apathetic despite Chairwoman J...
USD/CAD Consolidating the Downside, but Holds 1.2800 The US dollar trades around a flat-line against its Canadian counterpart in early Europe, with USD/CAD extending its side-trend from the Asian trades above 1.28 handle...
USD/JPY Off Day’s High but Holds in Green at 107.70 The Japanese currency has failed to extend its last week risk-aversion led gains against the US counterpart, with the USD/JPY moving higher for second consecutive day to inch closer to 108.00 handle...
Oil Steadies in Asia ahead of API Inventory Report Oil benchmarks on both sides of Atlantic ease-off fresh multi-month tops on Tuesday, correcting the previous rally, as focus now turns towards the API crude inventory report lined up for release later today...
AUD/NZD Surge Past 20-DMA After RBA Stands Pat The AUD/NZD cross surged past 20-day SMA resistance near 1.0700 handle with ease after the RBA decided to keep the cash rate unchanged at 1.75...
AUD/USD Pushes Higher to 0.7440 The Aussie dollar is extending its upside momentum today, now lifting AUD/USD to fresh daily tops in the 0.7440 area...
FxWirePro: EUR/AUD Breaks Major Support at 1.5355, on Track to Test 100-DMA at 1.5192 EUR/AUD has broken major trendline support at 1.5355 and is currently trading around 1.53 levels as Aussie spiked post-RBA decision. RBA Board decided to leave the cash rate unchanged at 1...
FxWirePro: USD/INR Opens Lower at 66.78, RBI Policy Decision in Focus USD/INR is currently trading around 66.87. It made intraday high at 66.94 and low at 66.78 marks. Intraday bias remains neutral for the moment. A sustained close below 66.77 will tests key supports at 66.56, 66...
FxWirePro: Gold Trades Higher on Easing FED Rate Hike Hopes, Good to Buy at Dips Gold is consolidating in a narrow range between $1248 and $1239 after a massive jump on Friday. The Bullion is currently trading at $1242 level...
EUR/GBP: Aggressive Selling Seen on Wrong GBP Move A renewed selling wave gripped the EUR/GBP cross in the late-Asian/ early European trades, mainly driven by strong bullish moves in the cable on an erroneous trade. EUR/GBP: quick reversal onto 0.78 barrier Currently, the EUR/GBP pair drops -0...
AUD/JPY Taps 80.00 Handle after RBA Maintains Status-Quo Extending its rebound from multi-month low level for second consecutive day, the AUD/JPY cross surged to tap 80.00 psychological mark after the RBA decided to leave the cash rate unchanged...
