All Blogs
Gold: Looks For Directional Bias GOLD: Though vulnerable to the downside on correction, the commodity is now looking for directional bias on the daily chart. On the downside, support comes in at the 1,260.00 level where a break will turn attention to the 1,250.00 level...
GBPJPY: Risk Remains Lower Medium Term GBPJPY: The cross continues to face downside pressure as we enter a new week. On the downside, support comes in at the 155.00 level where a violation will aim at the 154.00 level. A break below here will target the 153.00 level followed by the 152.00 level...
EURUSD – A Look at the Big Picture for Euro Key Highlights Euro looks like trading inside a monster ascending channel formed on the daily chart vs the US Dollar...
Fed: What is Needed to Secure Another Rate Hike? - ING James Smith, Economist at ING, suggests that the key to the next FOMC rate hike now lies with a pick-up in US activity data. Key Quotes “Three conditions needed to secure another rate hike from the Fed...
EUR/USD: Offered Near 50-DMA, but Keeps 1.1300 The overnight recovery in EUR/USD failed once again near 1.1320 region in early dealings, sending the major back near 1.13 handle, where it spent last few hours consolidating...
China: Construction Activity Continued Ramp up in April - NAB Gerard Burg, Senior Economist at ING, suggests that Chinese construction activity continued ramp up in April, but he is concerned about the sustainability of growth...
US Retail Sales Bounces Back but More is Required for a Rate Hike - ING James Knightley, Research Analyst at ING, notes that the US retail sales for April were up 1.3%MoM, above the 0.8% consensus while the “control group” which strips out some of the most volatile components reported growth of 0...
Asian Markets Start a New Week on the Positive Note, Gold Finds Support Above $1270 All the major Asian indices are trading on a positive note on Monday. Gold remains well supported above $1270 marks and hovers around key resistance at $1277...
USD/JPY: Bulls Testing 109 Handle as Risk Sentiment Recovers The offered tone around the JPY gathered pace in the mid-Asian session, now pushing USD/JPY further into the positive territory just a thread-line short of 109 handle...
FxWirePro: ASX200 Faces Strong Support at 5300, Good to Buy at Dips Major resistance - 5380 Major Support - 5307 (10 day EMA) ASX200 pares early losses made today and slightly jumped till 5372 at the time of writing. It is currently trading at 5368...
FxWirePro: Nikkei225 Faces Strong Support at 16300, Good to Buy at Dips Major resistance - 16985 (100 day EMA) Major support - 16425 (10 day EMA) Nikkei index has declined yesterday after making a high of 16805 at the time of writing.It is currently trading around 16459...
FxWirePro: USD/SGD Almost Flat in Early Asia, Upside Limited USD/SGD is currently trading around 1.3718 marks. It made intraday high at 1.3740 and low at 1.3715 levels. Intraday bias remains neutral till the time pair holds key support at 1.3723. A sustained close above 1...
Guide to Today's Important Data and Events Few economic dockets scheduled for today and all with low to high risks associated. Upcoming – Japan – Preliminary reading on Machine tools orders will be released at 6:00 GMT. Prior -21.2% y/y. Germany – Bundesbank will release its monthly report...
EURUSD Daily Forecast: May 16 2016 EURUSD Forecast The EURUSD had a bearish momentum last week bottomed at 1.1282. Price reached the nearest target of the shooting star bearish scenario...
GBPUSD Daily Forecast: May 16 2016 GBPUSD Forecast The GBPUSD was indecisive last week but overall still able to maintain its bearish bias since the false break above the daily EMA 200 as you can see on my daily chart below. The bias is bearish in nearest term testing 1.4270/50 region...
USDJPY Daily Forecast: May 16 2016 USDJPY Forecast The USDJPY had a bullish momentum last week topped at 109.55 but closed lower at 108.61. The bias is bullish in nearest term retesting 109.55. A clear break and daily close above that area could trigger further bullish pressure testing 110...
USDCHF Daily Forecast: May 16 2016 USDCHF Forecast The USDCHF was indecisive last week. The bias is neutral in nearest term probably with a little bullish bias testing 0.9795 key resistance. A clear break and daily close above that area could trigger further bullish pressure testing 1...
Nikkei Leads Recovery in Asia From Monthly Lows The stocks on the Asian bourses set-off the week on the weaker note, tracking a softer close on the Wall Street last Friday and weekend’s poor Chinese dataflow, which weighed down on the risk sentiment...
FxWirePro: South Korean Won Hovers Around Key Resistance at 1178, Intraday Bias Remains Neutral USD/KRW is currently trading around 1178 levels. Today South Korea released trade balance data with flat numbers at 8.80B m/m...
