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EUR/USD Sinks to Lows Near 1.1440 The single currency is now losing the grip vs. its American peer on Thursday, sending EUR/USD to daily lows in the mid-1.1400s...
Triangle identified at 04-May-21:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 122.27 within the next 12 hours. Resistance Levels : ( B ) 123.25Last resistance turning point of Triangle. Support Levels ( A ) 122...
GBP/JPY Continues to Flirt with 155.00 Handle Ahead of UK PMI The GBP/JPY pair continues to hover around 155.00 important level just ahead of UK services PMI, awaiting for a break-out in order to confirm its near-term direction...
EUR/JPY: Upside Capped Near 123.10, Awaits Fresh Impetus The EUR/JPY cross failed to sustain above 123 handle yet again and met fresh supply, now sliding to fresh session lows ahead of 5-DMA located at 122.58. EUR/JPY drops on broad euro strength The EUR/JPY pair now drops -0...
German Bunds Slide As Canadian Wildfire Threatens Crude Oil Output The German bunds plunged on Thursday as investors cooled on safe-haven assets amid gains in riskier assets including stocks and oil. The yield on the benchmark 10-year bonds, which moves inversely to its price rose 1bps to 0...
Technical Analysis of USD/JPY for May 05, 2013 USD/JPY is expected to trade in a higher range as the bias remains bullish. Overnight US stock indices continued to drift lower, weighed down by reignited concerns over global growth and weaker-than-expected ADP private payrolls data...
Technical Analysis of USD/CHF for May 05, 2016 USD/CHF is expected to trade with a bearish bias. The pair stands firmly above its key horizontal support at 0.9530 and is likely to post further advance to 0.9605 at first...
Technical Analysis of NZD/USD for May 05, 2016 NZD/USD is under pressure. The pair remains under pressure below its key resistance at 0.6945. Even though a technical rebound cannot be ruled out at the current stage, its extent should be very limited...
Technical Analysis of GBP/JPY for May 05, 2016 GBP/JPY is expected to trade in a lower range. The pair remains weak and is likely to challenge its nearest support at 154.40 in sight...
Technical Analysis of Silver for May 05, 2016 Technical outlook and chart setups: Silver is seen to be trading at $17.45 levels at this moment after having bounced off the fibonacci 0.618 retracement levels as depicted here. The metal might be looking to continue higher towards $18...
Technical Analysis of Gold for May 05, 2016 Technical outlook and chart setups: Gold has formed a bottom around $1,271.00/72.00 levels yesterday before turning higher again. Please note that the metal has bounced off the fibonacci 0.382 support as expected and discussed earlier...
Technical Analysis of EUR/JPY for May 05, 2016 Technical outlook and chart setups: The EUR/JPY pair seems to be pushing above 123.00 levels at this moment, looking to rise through 124.50 levels at least before reversing lower...
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Elliott Wave Analysis of EUR/NZD for May 5 - 2016 Wave summary: We now have a clear break above the red resistance line from 1.7223 confirming that wave [iii] of 3 is developing, so it should only be a question of time before the real upside acceleration is seen...
Technical Analysis of GBP/CHF for May 05, 2016 Technical outlook and chart setups: The GBP/CHF is seen to be trading at 1.3900/10 levels, unchanged from yesterday. But please note that the pair has re-tested lows at 1.3815/20 levels and bounced back...
Elliott Wave Analysis of EUR/JPY for May 5 - 2016 Wave summary: The big question remains whether or not an important bottom is in place at the 121.66 low. The rally of the 121.66 level is in no way impressive, which raises the odds of one more decline below 121.66 for a move closer to 117.99...
Daily Analysis of Major Pairs for May 5, 2016 EUR/USD: This pair went down by 150 pips at the start of this week and later got corrected lower after testing the resistance line at 1.1600...
EUR/GBP Holding Above 0.7900 Ahead of UK PMI The EUR/GBP pair is trading with some minor weakness on Thursday but is still holding above 0.7900 handle ahead of UK services PMI...
GBP/USD Clings to Gains Near 1.4500 After bottoming out in the area of 1.4490, GBP/USD has now recovered some pips and trades above the 1.4500 mark ahead of UK data. GBP/USD now looks to PMI Spot has faded the initial spike to daily tops near 1.4530 although buyers seem to have turned up around 1...
