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NZD/USD Turns Back to 0.6800 Handle, US CPI Eyed for Further Direction A fresh bout of selling pressure extended the NZD/USD pair's reversal from early morning highs of 0.6841, which was driven by a slightly better RBNZ's Q2 2-year inflation expectations...
Japan’s GDP Preview: Scraping Through - ING James Smith, Economist at ING, suggests that this week’s Japanese GDP figure may show that the economy narrowly missed recession, but demand remains weak and will keep the pressure on policymakers to act...
AUD Gains More Intuitively Clear - BBH Research Team at BBH, suggests that the Australian dollar's gains appear more intuitively clear after the minutes from the recent RBA meeting indicated that it was a close decision...
Chart:https://bi0l.blogspot.com/2016/05/brent-intraday-forecast-technical-side_17.html Calculated level for today: Support (S1 / S2 / S3 = 48,31 / 47,92 / 47,28), resistance (R1 / R2 / R3 = 49,59 / 49,98 / 50,62). Key support levels (1st from 47.69 to 48.85 at the end of the day, the 2nd of 46...
Dear Traders, Sterling traders had to bite the bullet and watch the cable's profitable upward swing without being invested in the pound after our second buy attempt failed to provide any profits...
AUD on a High after RBA Minutes - Investec Research Team at Investec, notes that the Australian Dollar rallied as the minutes from their recent rate cut meeting showed the RBA board members considered leaving the interest rate unchanged so they could await more information before finally opting t...
Gold Retreats Further to $1270 ahead of US CPI Data After retreating from session high of $1288 on Monday, Gold turned back from $1280-81 area on Tuesday and dropped to $1269 despite of weakness in the greenback. Weakening US Dollar is looked upon for increasing appetite for the precious metal...
AUD/JPY Meets Fresh Supply Near 80.50 The bulls face exhaustion post-European open, sending AUD/JPY lower towards 80 handle, as a pause in the oil-price rally weighs down on the investors’ sentiment. AUD/JPY testing support near 80.20 The AUD/JPY pair now advances 0.94% to 80...
AUD/USD Deflates from Highs, Near 0.7320 After climbing as high as 0.7360 in early trade, AUD/USD has now slipped back to the 0.7320 area...
USD/CHF Turns Positive Just Below 0.9800 It seems the greenback has recovered the smile during the European morning, now lifting USD/CHF to the vicinity of 0.9790. USD/CHF focus on US CPI The pair is trading in fresh multi-week tops near the 0...
USD/JPY: Bulls on a Roll, Regains 109.50 and Beyond The bid tone around the USD/JPY pair keeps growing bigger, driving the rate to the highest levels since April-end above 109.50 levels. USD/JPY: 50-DMA at 109...
EUR/USD Fails Near Monday’s High, Recedes to 1.1320 The EUR/USD pair is seen paring gains and now slips back below 5-DMA, as the demand for the US currency is slowly picking-up pace heading into the US CPI report...
U.S. Presidential Election Series: Why Trump can Win the Presidency Dumbfounding many political pundits and proving many more wrong, Donald Trump has emerged as presumptive Republican nominee for the race to the White House...
FxWirePro: GBP/USD Trades Weak on Softer CPI, Good to Sell on Rallies Major Resistance – 1.4550 Major support- 1.4445 (55 day 4H EMA) Cable has retreated from high of 1.45239 after softer CPI data. It is currently trading around 1.4470 level. UK CPI came at 0.3% y/y compared to forecast of 0...
US Mortgage Rates Decline Despite Rising Home Sales; Mortgage Applications Up The United States mortgage rates have gone down in the past despite rising demand for home loans. Mortgage rates are at a historic low of 2.69 pct for a 15-year fixed rate loan, the lowest since the WWII...
GOLD, Weekly Forecast, May 16 - 20: Break Down of 1269 will Open Target on 1240 Main scenario: The pair is trading along an sideways trend between support 1269 and resistance 1294...
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, XAU/USD Analysis for May 17th, 2016 EUR USD, “Euro vs US Dollar” Eurodollar has broken the channel of the third descending structure and right now is consolidating. We think, today the price may fall towards 1.1300...
GBP/USD, Weekly Forecast, May 16 - 20: Rebounding from Resistance 1.4525 to Support 1.4345 Main scenario: Market is rebounding from the resistance 1.4525 with target on support level 1.4345. Alternative scenario: An downtrend will start as soon, as the pair drops below support level 1...
EUR/USD, Weekly Forecast, May 16 - 20: Rebounding from Main Support 1.1355 with Possible Target on 1.1615 Main scenario: The pair is trading along an downtrend with target on 1.1215, that may be expected to continue, while pair is trading below resistance level 1.1370...
