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Prerequisite Reading: USDJPY: What Are We Looking for Our Short Swing! USDJPY bounced in the level we called, and what we have seen up to now has been an impulsive wave up, which will be confirmed only if a new high is made (above 109.4...
Gold Climbs to Session High of $1275 ahead of US Retail Sales Data Extending its bid tone, Gold continues to gain traction and has now moved to session peak level of $1275 just ahead of the US monthly retail sales and PPI release...
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold Analysis for May 13th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar is moving close to 1.1390. We think, today the price may fall towards 1.1333 and then test 1.1390 from below...
GBP/USD Ranges and Trade Idea GBP/ USD opened the week at 1.4422, traded 100 pips Sunday to Monday inside the 101 pip range between 1.4375 - 1.4476. Despite 100 pip move, the range held and resulted in no change to GBP/USD. Monday. GBP/USD ranged again 100 pips from 1.4376 to 1.4477...
USD/CHF Turns Flat but Holds 50-DMA, US Data Eyed for Direction The USD/CHF pair erased its early European session gains to 0.9743 and has now turned back to 50-day SMA support near 0.9700 handle. Following Thursday's sharp reversal from 0...
UK: Super Thursday Failed to Excite – Investec Research Team at Investec, notes that ‘Super Thursday’ managed to bring some momentum to the foreign exchange market yesterday, helping GBPUSD break above 1.45 and GBPEUR break the 1.27 mark but gains were very short-lived...
EUR/GBP Directionless at 0.7870, Looking for Fresh Triggers The EUR/GBP pair continues to trade flat from Thursday's closing amid a directionless trading session as traders seemed reluctant to carry forward their bets over the weekend...
Gold Demand in First Quarter Breaks All Record Demand for Gold, shot up in first quarter of 2016, to 1289.8 tons, surpassing all previous first quarter record and supply for the quarter, according to report from World Gold Council. Overall demand was 21% higher than previous year...
Technical Analysis of GBP/CHF for May 13, 2016 Technical outlook and chart setups: The GBP/CHF pair is now starting to accelerate lower, and is trading at 1.3988 levels at this moment. The pair was drifting sideways after printing 1.4074 highs yesterday...
Technical Analysis of Silver for May 13, 2016 Technical outlook and chart setups: Silver is seen to be trading at $17.10 for now, after testing $16.88 level yesterday. The wave structure indicates that the metal is likely to push lower below $16.80 from the current levels...
Technical Analysis of Gold for May 13, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,275.00 levels at this moment, looking for a certain direction for the next move. The metal needs to either break above $1,280.00 levels or below $1,256...
USD/JPY Now Eyes 109.70 – UOB The pair’s outlook now allows for a test of the 109.70 area, according to analysts at UOB Group...
EUR/USD Door Open for a Test of 1.12 – Westpac Richard Franulovich, Strategist at Westpac, sees the pair retreating to the 1.12 neighbourhood. Key Quotes “EUR should continue to ease, possibly as far as 1.1200 before it finds some stability”...
EUR/USD Depressed Near 1.1340 ahead of US Data The European currency keeps its negative note today, sending EUR/USD to the lower bound of the range in the 1.1340 area...
EUR/USD Forecast: Fresh Lows, Looking for 1.1250 The EUR/USD pair fell to 1.1328, a fresh weekly low, following the release of German data, showing that inflation remains within deflationary territory, down by 0.4% monthly basis, and -0.1% compared to a year before...
Today we can see the signs of #USDCAD recovery, despite the general upward trend of #oil. It is recommended to place the opening stop order at 1.3017 and wait for its breakthrough. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
The single currency continued to lose ground against the U.S. dollar. Bears managed to take quotes of #EURUSD below the support line, which greatly reduces the chances of growth resumption. At the same time, bulls still have a trump card. Find out more by checking out the Source Link...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, May 13th GBP/USD have returned and consolidated on bottom of 1.44 level...
All the traders that follow our signals know that we have been calling the long setup of GBPUSD from 1.413 (article here) and that we took profits at 1.460 (article here...
