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NZD/USD Slides Further Below 0.6800 Handle The NZD/USD pair's attempted recovery for second straight day on Tuesday got sold into and the pair on Wednesday extended its slide further below 0.6800 handle...
EUR/USD Risks a Test of 1.12 – Westpac Strategists at Westpac see the pair slipping towards the 1.1200 handle. Key Quotes “ EUR vulnerable to a yield driven decline toward 1...
EUR/USD Pullbacks Limited Around 1.1215 – UOB In view of analysts at UOB Group, pullbacks in EUR/USD seem to be limited to the 1.1215 level in the next weeks. Key Quotes “There is not much to add as EUR spent another day going nowhere”...
USD/CHF Moves to 0.9830-35 Important Juncture Extending its bid tone for fourth straight trading session, the USD/CHF pair has now risen beyond 0.9800 handle to 0.9830, its highest level since mid-March. The pair extended its near-term recovery trend from a multi-month low level of 0...
USD/JPY Bounces-Off 109 in Early Europe, Fed Minutes Eyed The USD/JPY pair bounced-off a dip to 109 handle and almost regained lost ground as the US dollar continues to hover near two-week tops amid recovering risk appetite. USD/JPY retesting daily highs...
USD/CHF Potential Test of 0.9990/1.00 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could test the 0.9990/1.0000 band if it clears the 0.9830 area. Key Quotes “USD/CHF is poised to encounter the 200 day moving average at...
FOMC Minutes at the Centre Stage Today – Danske Bank Research Team at Danske Bank, suggests that the release of the minutes from the April FOMC meeting is likely to get the most attention today as the calendar is thin...
FxWirePro: Gold Trades Lower on revived Rate Hike Expectations, Good to Sell on Rallies Gold has slightly retreated after making high of $1282 on revived rate hopes expectations...
Australian Bonds Mixed on Soft Economic Data, Firm Crude The Australian government bonds traded mixed on Wednesday after data showed weaker than expected first quarter wage price index. Also, firmer crude oil prices restricted investors from safe-haven buying...
FxWirePro: AUD/CAD Holds Major Support at 0.9418, Good to Go Short on Breaks Below AUD/CAD trades with a downward bias. Momentum studies on dailies are bearish. The pair is currently holding above strong trendline support at 0.9418, weakness to resume on breaks below...
During Asian trading Japan has published the #GDP data, which proved to be much better than expected. But it didn't support the yen. Positions of #USD are strong ahead of the #Fed meeting minutes release. Find out more by checking out the Source Link...
FxWirePro: USD/SGD Breaks Key Resistance at 1.3740, Good to Buy on Dips USD/SGD is currently trading around 1.3735 marks. It made intraday high at 1.3747 and low at 1.3685 levels. Intraday bias remains bullish till the time pair holds key support at 1.3698. A sustained close above 1...
FxWirePro: Kiwi on the Back-Foot, NZD/USD Slips Below 0.78 Handle, Good to Sell Rallies NZD/USD had gained some traction overnight in the US session on the back of the GDT auction, but US dollar picked-up significant strength across the board on upbeat US CPI figures...
FxWirePro: Indian Rupee Hits Fresh Monthly Low Against US Dollar, Intraday Bias Remains Bullish USD/INR is currently trading around 66.91. It made intraday high at 66.96 and low at 66.82 marks. Intraday bias remains neutral till the time pair holds key resistance at 66.91 marks...
USD/CAD Keeps Highs Near 1.2940 The better tone in the greenback has pushed USD/CAD to the upper band of the range near 1.2940...
AUD/USD Drops Back Below 0.7300, Erasing Tuesday’s Gains The AUD/USD pair erased all of its Tuesday’s gains on the back of not so dovish RBA meeting minutes and dropped back below 0.7300 handle as investors now look forward to minutes from April’s FOMC policy meeting...
RBNZ: Rate Cut Likely at June Meeting - Westpac Imre Speizer, Research Analyst at Westpac, notes that the RBNZ held the OCR steady at 2.25% on 28 April, in line with Westpac’s forecast...
Oil Consolidates Near 6-Month Tops ahead of EIA Report Oil benchmarks on both sides of Atlantic take a breather from the overnight upsurge and trades modestly flat as attention now turns towards the EIA inventory report and FOMC minutes due later today. WTI to test $ 50 mark on EIA report...
EUR/GBP Closer to 0.7800 ahead of UK Data The risk-off sentiment has been prevailing throughout the Asian session today. Sending EUR/GBP to the area of daily lows near 0.7800 the figure...
