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EUR/GBP Could Drop to 0.75 in 3-Month – Rabobank Senior FX Strategist at Rabobank Jane Foley sees the possibility that the European cross could test 0.75 in 3-month view...
US Nonfarm Payrolls: A Step Down in Net Hiring - Nomura Research Team at Nomura, expects the Bureau of Labor Statistics (BLS) to report that US nonfarm payrolls increased by a net 175k jobs in April (Consensus: 200k), suggesting a step down in net hiring from 215k in March...
US NFP Preview: 9 Major Banks Expectations from the April Release We are closing in on the April’s release of US Non-Farm Payrolls data. The following are the expectations as forecasted by the economists and researchers of 9 major banks...
CAD Jobs Report: What to Expect of USD/CAD? Canadian labour market will publish its monthly report early in the NA session today, with consensus expecting the Employment Change to have increased by just 1K during April, while the jobless rate is seen ticking higher to 7.2% from March’s 7.1...
US Non-Farm Payrolls Preview: What to Expect of EUR/USD? The USD selling has gained further traction as we progress towards the US jobs release, with the EUR/USD pair staging a minor-rebound above 1.14 handle...
Technical Analysis of US Oil for May 06, 2016 After breaking the descending channel the US oil continued rising and met the resistance at 46.00 which is the 23.6% Fibonacci applied to the channel breakout point. This level was rejected twice...
In our latest update on ES-Mini, Will that Support Zone Hold?, we discussed the current complex structure that the market has created. It has traded in a downward channel around 2040-2070 levels...
EUR/GBP Turns Negative but Holds 50-Day SMA Support The EUR/GBP pair attracted fresh offers from 0.7900 neighborhood and swung back into negative territory to currently trade flat at Thursday's closing level of 0.7874. After yesterday's fall from 0.7927 level to 0...
EUR/USD Pushes Higher, Near 1.1430 ahead of NFP The single currency keeps its buoyant tone at the end of the week, lifting EUR/USD to session tops near 1.1430. EUR/USD stronger ahead of Payrolls The pair is rebounding from weekly lows in the 1...
Technical Analysis of USD/JPY for May 06, 2013 USD/JPY is expected to trade in a higher range as pair is moving upwards. Overnight, the U.S. stock indices were little changed as investors remained on the sidelines awaiting the April jobs report to be released tonight...
Technical Analysis of USD/CHF for May 06, 2016 USD/CHF is expected to trade in a higher range as target 0.9735 is in sight. The pair remains on the upside and is expected to post further rebound. The 20-period and 50-period moving averages are playing support roles...
Technical Analysis of NZD/USD for May 06, 2016 NZD/USD is expected to trade in a lower range as the pair is under pressure. The pair remains under pressure below its horizontal resistance at 0.6920. Both the 20-period and 50-period moving averages are playing resistance roles as well...
USD/CAD Meanders Near Lows Ahead of Employment Data Having met fresh supply at 1.2900 levels in early Europe, the USD/CAD pair is seen consolidating a sudden downwards spike near 1.2840 region. USD/CAD slips nearly 50-pips Currently, the USD/CAD pair drops -0.08% to 1...
GBP/USD Regains 1.4500 and Beyond ahead of NFP The GBP/USD pair finally stormed its way through 1.45 handle and now heads for a test of 5-DMA at 1.4541 as the US dollar drops further against its competitors over the last hour. GBP/USD finds fresh bids near 1.4475 region The GBP/USD pair trades 0...
GBP/USD: 1.44 Still on the Cards – UOB The research team at UOB Group still believes GBP/USD could re-test the 1.4400 area in the near-term. Key Quotes “There is no change to our view wherein we expect the current pull-back in GBP to extend lower towards 1.4400”...
Summary : Target Level : 1.4454 Target Period : 5 hours Analysis : Triangle has broken through the support line at 06-May-04:00 2016 GMT. Possible bearish price movement forecast for the next 5 hours towards 1.445...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, May 06th EUR/USD trades in the flat since yesterday, within a range of 20 points near 1.14 mark, as traders are awaiting for main event of this week NFP...
FxWirePro: CHF/JPY Faces Strong Resitance at 112.65, Good to Sell on Rallies Major support – 110.50 The pair has broken major support 110.50 and declined till 110.40. It is currently trading around 110.52. Short term trend is bearish as long as resistance 112.65 (21 day MA) holds...
#Oil decline slowed down the upward trend of #USDCAD. Currently, the pair is traded within a narrow range in anticipation of the important statistics on the labor market. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
