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GBP/USD Back to Square One GBP/USD has returned to the starting point after the bounce from fresh 2-week lows was capped by the 1.4480 zone. Cable hit its lowest level since Apr 22 at 1.4373 during the European session, but managed to recover ground afterwards...
EUR/USD Neutral/Bearish Near-term – Scotiabank Shaun Osborne, Chief FX Strategist at Scotiabank, has reiterated the neutral/bearish stance of the pair in the near term. Key Quotes “The EUR is trading modestly weaker against the USD and its G10 peers in quiet trading”...
USD/JPY Recovery Gains Momentum to Reclaim 108.00 Level The USD/JPY bulls extended the pair's firm bid tone, pushing the pair through 108.00 handle for the first time since late April to a 2-week high level of 108.37...
AUD/USD Seems Vulnerable to Drop Below 0.7330 Support The AUD/USD pair continues to slide further during European session and tested its immediate important support confluence near 0.7330 level. After an initial pull-back to 0...
EUR/USD Wobbling Around 1.1400 EUR/USD is now attempting to regain the 1.1400 handle after bottoming out near 1.1370 earlier in the session. EUR/USD attention to risk trends, US data The pair keeps the narrow range at the beginning of the week, meandering between 1.1370 and 1...
NZD/USD Momentarily Dips Below 0.6800 Handle The NZD/USD pair extended its decline further on Monday and has now dropped below an important support confluence near 0.6810-0.6805 to currently trade at the session low level of 0.6800 handle...
USD/CAD Firm Above 1.29 Ahead of Data The greenback retains its buoyant tone on Monday, with USD/CAD keeping the trade in the area of daily highs around 1.2930/40. USD/CAD stronger pre-data The pair is extending its recent rally from multi-month lows in the 1...
USD Longs Dropped, EUR Shorts Reduced - Rabobank Jane Foley, Senior FX Strategist at Rabobank, lists down the IMM Net Speculators’ Positioning as at 03 May 2016. Key Quotes “Despite the dovish position of the ECB, speculators have reduced their net EUR shorts for a run of seven consecutive weeks...
GBP/JPY Reclaims 156.00 Level, Might Now be Eyeing 157.00 Mark The GBP/JPY pair once again trashed bearish expectation of an accelerated downfall below 155.00 handle and has now soared back above 156.00 round figure mark. The pair attracted fresh bids from sub-155...
Can Iran freeze oil production? The country already produces about 4 million barrels a day. Does that mean now that Tehran may agree to deal? Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Pre US Open, Daily Technical Analysis Monday, May 09, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: under pressure. Pivot: 1.1445 Most Likely Scenario: short positions below 1...
EUR/GBP Intraday Sharp Reversal Now Eyeing 0.7865 Support The EUR/GBP pair once again failed to built on to its strength and reversed from 0.7925 strong resistance to currently trade near session low of 0.7875 level...
GBP/USD Could See a Test of 1.4277 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot could see its downside renewed towards the 1.4280 area...
Technical Analysis of USD/JPY for May 09, 2016 USD/JPY is expected to trade with a bullish bias. Last Friday, US stock indices settled higher despite disappointing April payrolls data. Commodities and industrial shares were the best performers. The Dow Jones Industrial Average rose 0...
Technical Analysis of USD/CHF for May 09, 2016 USD/CHF is expected to continue its further upside movement. The pair stands firmly above its key horizontal support at 0.9655 and is challenging its nearest resistance at 0.9765 at first...
AUD/USD Attempts a Bounce Amid Improved Risk Sentiment The Australian dollar trims losses against its American counterpart in the European session, lifting AUD/USD from multi-week troughs amid renewed optimism spread across the markets. AUD/USD regains 100-DMA at 0...
GBP/USD Clinches Highs Near 1.4470 After a brief adventure to lows in sub-1.4400 levels, GBP/USD has gathered further traction and is now testing daily highs in the 1.4465/70 band. GBP/USD supported by 1...
Technical Analysis of USD/CAD for May 9, 2016 General overview for 09/05/2016: The choppy wave progression to the upside does not look like an impulsive wave, but more like an end of some sort of an ending diagonal...
Technical Analysis of NZD/USD for May 09, 2016 NZD/USD is under pressure. The pair has been capped by the descending 50-period moving average and remains under pressure. At the same time, the relative strength index is around 50 and lacks upward momentum. Hence, as long as 0...
