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EUR/GBP: Trapped in a Range – Lloyds Bank Research Team at Lloyds Bank, suggests that the EUR/GBP move into day 7 of being trapped in a range between 0.7860 and 0.7950 and a break through support would suggest a deeper decline towards the 0.7750 key support again. Key Quotes “While over 0...
EUR/USD Unimpressed by German Data, Dips to 1.1350 Having faced strong offers near 20-DMA (1.1378), the EUR/USD pair dropped sharply in early Europe, with the bulls unimpressed by upbeat German GDP figures. EUR/USD testing 1.1350 on German data Currently, EUR/USD trades -0...
USD/JPY Could Aim for 110.00 Level, Downside Seems Limited On the last trading session of the week, the USD/JPY pair sentiment remains muted with a slight negative bias ahead of today's monthly retail sales and consumer confidence data releases from the US...
On Friday, the speech of the #BOJ head #HaruhikoKuroda set the tone for trading. He noted that negative rates have a positive impact on the economy, and it supported the yen. At the moment, #USDJPY is trading at 108.76. Find out more by checking out the Source Link...
EUR/GBP Keeps Highs Near 0.7880 on German GDP EUR/GBP is posting moderate gains at the end of the week, although a clear break above the 0.7900 handle still remains elusive...
AUD/USD Recovery Stalls ahead of 0.7300, US Data Eyed The AUD/USD pair is seen struggling to extend its recovery from ten-week lows over the past few hours, keeping the pair in a flat-lining around 0.73 handle. AUD/USD finds support well above 200-DMA at 0...
USD: News and Data Flow Could well Provide Some Fresh Legs - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the news and data flow next week could well provide the USD with some fresh legs. Key Quotes “April headline CPI for example likely to print as high as +0.4/0...
Oil Corrects Lower ahead of Rigs Count Data, OPEC Report Oil benchmarks on both sides of Atlantic corrected lower on the final trading day of this week, reversing course from fresh 2016 peaks reached in the previous session on improved demand outlook...
GBPUSD: 1.4500 -1.4515 On the Upside, 1.4310-1.4325 On the Downside BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT): EURUSD: 1.1465-1.1480 on the upside, 1.1250-1.1265 on the downside. AUDUSD: 0.7420 -0...
Where To Sell USD/JPY? - Credit Suisse USDJPY remains capped beneath resistance from the 61.8% retracement at 109.47, notes Credit Suisse Techs. "We would allow for a consolidation phase here with a break higher needed to see the recovery extend for 109...
FxWirePro: USD/SGD Breaks Key Resistance at 1.3723, Intraday Bias Remains Bullish USD/SGD is currently trading around 1.3747 marks. It made intraday high at 1.3759 and low at 1.3727 levels. Intraday bias remains bullish till the time pair holds key support at 1.3723. A sustained close above 1...
FxWirePro: Silver Refrains to Sustain Below Key Support at $16.88, Good to Buy on Dips XAG/USD is currently trading around $17.02 marks. It made intraday high at $17.07 and low at $16.86 levels. Intraday bias remains bullish till the time pair holds key support at $16.88 marks...
GBP/USD Off-Lows, Flirts with Hourly 100-SMA Having bottomed out near 1.4425 region in early Asia, the GBP/USD pair is making recovery attempts to reclaim the midpoint of 1.44 handle, as dust settles over the BOE aftermath...
US: Data Drought Finally Com Research Team at TDS, suggests that the US data drought finally comes to an end today with the release of retail sales, producer prices, business inventories and consumer sentiment...
USD/JPY: Downside Risks Significantly Reduced - Westpac Robert Rennie, Research Analyst at Westpac, suggests now that Japanese officials appear to have found a voice, it does feel as if the downside risks for USD/JPY have been significantly reduced...
EUR/USD Side-Lined Around 1.1375, German, EZ GDP Eyed The EUR/USD pair extends its overnight consolidation phase into late-Asian trades, trading absolutely lacklustre ahead of a data-heavy macro calendar due later today. EUR/USD trades around 20-DMA at 1...
AUD: Timing of Another RBA Rate Cut will Cap Rallies - Westpac Sean Callow, Research Analyst at Westpac, suggests that the timing of another RBA rate cut will hang over AUD for some months, capping rallies. Key Quotes “But market pricing of about 20-25% chance for June, 100% by Oct and a 1...
NZD/USD: Break Below Four-Month Old Ascending Channel - Westpac Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD has broken below a four-month old ascending channel such that momentum is now pointing downwards, mainly due to the US dollar’s rebound since 3 May...
GBPUSD: Going Through a Consolidation Phase – Lloyds Bank Research Team at Lloyds Bank, suggests that the GBPUSD is currently in a consolidation phase over the 1.4375/65 support region. Key Quotes “The impulsive reversal, after spiking up to 1...
