All Blogs
FxWirePro: Time to Invite Shorts in Bearish Hedging Strategies for EUR/JPY Long Term Risks Glimpse on Technicals: The pair has been bouncing from last 3-4 days after testing supports at 121.680...
Canada's Weak Trade in March Suggests Q1 GDP Growth Likely to be Weaker Than Anticipated Canada’s trade deficit broadened from downwardly revised $2.5 billion in February to $3.4 billion in March. Exports in March fell 4.8%, surpassing the decline in imports of 2.4%. Export volumes declined 2...
FxWirePro: EUR/GBP Holds Above the 0.79 Handle, Focus on UK Services PMI Data EUR/GBP trades a narrow range on the day (15 pips), day's highs at 0.7925 and lows at 0.7910. Upside on Wednesday capped at 0.7947 (Mar 23rd highs), pair holds above the 0.79 handle. 0...
AUD/USD Takes-Out 0.7500, Solid Aus Data Underpins The bid tone around the AUD keeps growing bigger as we head into early European trades, driving the AUD/USD relief rally above 0.75 handle. AUD/USD eyes Wednesday’s high Currently, the AUD/USD pair rises 0.64% to 0...
#JPY has handed back, allowing #USD to rebound slightly from the reached lows. #Investors are waiting for clearer signals regarding what to expect from the U.S. economy, the Fed and the dollar. Find out more by checking out the Source Link...
USD/JPY Ranging Around 107.00 Level The USD/JPY pair on Wednesday moved within a narrow trading range, circling around 107.00 handle, amid thin liquidity on the back of a bank holiday in Japan and EU. The pair on Wednesday retreated from high of 107...
Hello Friends, I am sharing with you a stable trading idea with you. If you follow this idea, there is a good chance to make profit. Before follow this trading idea, please follow the below instruction which I am following personally. 1...
EUR/GBP Retreats to 0.7910 Ahead of UK PMI The bid tone around the sterling is prompting EUR/GBP to recede from yesterday’s tops in the mid-0.7900s and test the 0.7910/00 band...
3 Reasons to be Bearish Euro – Nomura Bilal Hafeez, Research Analyst at Nomura, suggests that recently, the euro saw an intra-day high of 1.1616 – while not quite as high as the 1.1714 high seen in August last year when equity markets plunged, it has nevertheless challenged our bearish euro view...
CAD: March Trade Deficit Widest on Record – Deutsche Bank Brett Ryan, Research Analyst at Deutsche Bank, notes that on a balance of payments basis, Canada’s March international trade deficit (-C$3.4 billion vs. –C$2.5 billion) was the widest on record. Key Quotes “Exports declined by -4...
UK: Downside Risks to the PMI Services Release - TDS Research Team at TDS, suggests that we’ve seen somewhat less evidence of the EU Referendum weighing on services components of the UK economy so far, but this week’s other PMI releases suggest that uncertainty is finally biting into activity...
USD/CAD: Loonie Rebounds Alongside Oil, 1.2800 Eyed The Canadian dollar halted its 2-day decline and rebounded higher versus the American dollar in the Asian session, sending USD/CAD sharply lower from twelve-day peaks shy of 1.29 handle. USD/CAD heading towards daily pivot at 1...
FxWirePro: Go Long on XAU/USD Above $1282 With Stop Loss at $1275 and Target of $1303 XAU/USD is currently trading around $1280 mark. It made intraday high at $1283 and low at $1277 levels. Intraday bias remains bullish till the time pair holds immediate support at $1270 marks...
Guide to Today's Important Data and Events Not many economic dockets scheduled for today and all with low to medium risks associated. Data released so far – Australia – HIA new home sales rose by 8.9% in March. Trade balance improves but still in deficit at -$2.16 billion...
Yen Longs Heavily Extended, AUD Longs Pared – Deutsche Bank Nicholas Weng, Strategist at Deutsche Bank, lists down the CORAX Positioning Data from 03-May-2016. Key Quotes “Yen longs heavily extended after BoJ inaction, AUD longs pared...
FxWirePro: USD/JPY Trades a Narrow Range, Holds Gains Above the 107 Handle USD/JPY has been trading a thin range in the Asian session, with day's highs at 107.20 and lows at 106.88. The pair has been recovering from fresh 18-month lows at 105.54 (3rd May), but upside lacks momentum...
FxWirePro: EUR/JPY Takes Support at Channel Base, Wait for Break Above Resistance at 123.1134 The pair has been bouncing from last 3-4 days after testing supports at 121.680. Upswings favoured by momentum that signalled by leading oscillators, but longs accepted only above resistance at 123...
GBP/USD Corrects Higher Above 1.4500 Ahead of UK PMI The bears appear to face exhaustion after the recent extensive declines, allowing GBP/USD to stage a minor corrective rally above 1.45 handle, as focus now remains on the UK services PMI...
Banxico Preview: No Reason Now – Rabobank Christian Lawrence, Senior Market Strategist at Rabobank, suggests that when Banxico moved between meetings, price action was in a very different place to where it is now...
