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GBP/JPY Trade Idea Major resistance- 162.80 (100 EMA) Major support -159.93 (10 day EMA) GBP/JPY has broken major resistance 162.80 and slightly retreated from that level. It is currently trading around 162.27. The pair is facing major resistance around 162...
Gold Under Biggest and Longest Daily Decline in More Than Three Decades Gold has been declining and declining hard. The yellow metal, which had one of its best starts to a year in 2016, has declined for 9 consecutive days, including today. In past nine sessions, it has declined 5...
The Forex Week Ahead: May 29th – 2nd June Mon: EUR – German CPI, JPY – Unemployment Rate Tue: EUR – German Unemployment rate, EuroZone CPI, USD – PCE, Consumer Confidence, CAD – GDP Wed: CNY – Manufacturing & Non-Manufacturing PMIs, AUD – GDP, CHF – GDP, EUR – EuroZone Manufacturing PMI, GBP...
EUR/USD: Levels, Ranges, Targets Not only is a supposed June hike possible but the June raise timing if it materializes coincides to July 1 changes at the ECB. Current Fed/Eonia spreads run 0.72 bps while a possible Fed hike would raise spreads to 0.85 bps...
GBP/USD Rallies to Session Peak Level of 1.4637 Extending its recovery from session low of 1.4588, the GBP/USD pair gained further traction and has now moved to a fresh session high level of 1.4637...
EUR/USD Keeps Highs on German CPI The upside momentum in the shared currency remains well and sound today, with EUR/USD now gyrating around 1.1140...
OPEC Meeting is Expected to Retain the Status Quo - TDS Research Team at TDS, suggests that the June 2nd OPEC meeting is expected to retain the status quo as the current policies have been successful in lifting prices and rebalancing physical markets...
Sterling Rallies as “Brexit” Fears Wane – Westpac Research Team at Westpac, suggests that the British pound was easily the weakest G10 currency in Q1 as UK PM Cameron confirmed 23 June as the date for the UK to vote on whether to stay in the European Union...
AUD/JPY Jumps to 79.85, Inching Closer to 80.00 Psychological Mark The AUD/JPY cross extended its strong bid tone from Asian session and has now rise to day's peak level of 79.85 amid light trading session on Monday...
USD/JPY Should Continue Trading in a 108.70 to 110.70 Range - Westpac Robert Rennie, Research Analyst at Westpac, suggests that we have stuck with a neutral bias for JPY over the last couple of weeks, and maintain that view into this week...
Oil Tries Out the $50 a Barrel Level – Rabobank Jane Foley, Senior FX Strategist at Rabobank, notes that last week Brent crude traded above the $50 a barrel level for the first time since November 2015 on the back of various supply outages and a better performance in global demand for gasoline...
USD/JPY Bullish Above 110.60 – UOB The research team at UOB Group argued the pair needs a close above 110.60 in order to turn to a bullish outlook. Key Quotes “The strong USD rally that started during NY session last Friday is turning impulsive and further extension to 111...
AUD/USD Rebounds Should be Corrective – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, rebounds in the Aussie dollar should be temporary...
Oil prices fell after the resumption of Canadian producers production processes and the approach of the OPEC delegates meeting Oil prices tumbled for the third straight day, with the support of the Canadian producers resume production after a break over the previous two weeks on the one hand and...
EURJPY: Although With EURJPY seeing a strong rally during Monday trading session today, further upside pressure is expected in the days ahead. On the downside, Support comes in at the 123.00 level where a break will aim at the 122.50 level. A turn below here will target the 122...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, May 30th GBP/USD undergoing correction process, keeping downside trend for the third day in a row. Cable remains vulnerable to its counterpart as FOMC chair J...
USDCAD Daily Chart - May 30, 2016 USDCAD is going according to our analysis and on the longer term we expect price to reach in the (B) target, anywhere inside the box where price ranges from 1.35-1.38...
Weekly Trading Setups with 83% Success Probability Here is price target for this week according to Forecasted Price Index (FPI): Note Researches have proven that price candles will hit FPI over 80% on average but this does not guarantee success in trading with this tool...
GOLD: The commodity continues to hold on to its downside pressure with more weakness expected in the new week. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level...
