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GBP/USD: The Price is Unlikely to Go Above the Level of 1.4625. Technical Analysis of 29/04/2016. Review and dynamics The pair GBP/USD has been growing for the third consecutive week. Earlier, the pair went up in the channel on the daily chart consolidating above support level of 1...
GBP/USD: Consumer Confidence in the UK Fell in April. Fundamental Analysis of 29.04.2016. According to the data presented by research company GfK today, consumer confidence index in the UK fell to the negative value of -3. This is the lowest level since the end of 2014...
US Stocks Futures Point to a Yet Another Weak Start Tracking weakness across Asian and European stock markets, major US stock indices futures are pointing to a lower opening on Friday...
USD/CAD Struggling to Recover, Holds 1.2500 Handle The USD/CAD pair's attempted recovery from 1.2500 mark fizzled out near 1.2530 level after the release of monthly Canadian GDP data. Just ahead of the release the pair recovered from day's through but failed to extend the recovery beyond 1.2530...
EUR/USD Extends Gains After US Data, Nears Monthly Highs EUR/USD regained the 1.1400 level and climbed to fresh highs at the beginning of the New York session as the greenback took another hit from tame US inflation data...
AUD/USD Turns Flat, 0.7600 Eyed The AUD/USD pair erased most of its day's gain and is currently trading at 0.7627, nearly unchanged from yesterday's close of 0.7625. Following Wednesday's release of weak Australian CPI number that showed inflation dropping below 0...
USD/CHF Falling for the Fifth Day in a Row The Swiss franc extended gains versus the US dollar on Friday. Since the beginning of the week USD/CHF lost 150 pips and recently bottomed at 0.9606, the lowest level in a week. The pair today accelerate to the downside after breaking below 0.9650...
GBP/USD Retraces but Moves Back Above 1.4600 Handle The GBP/USD pair surrendered all of its gains to drop back below 1.4600 handle before recovering back into positive territory to trade with marginal gains near 1.4615 level...
GBP/JPY Extends Decline to 156.00 The decline that started on Thursday after the Bank of Japan decided to leave monetary policy unchanged in the GBP/JPY pair continued on Friday. The pair dropped further and bottomed at 156.06, the lowest since April 19. So far, the area around 156...
EUR/JPY Just Managing to Hold 122.00 Level Extending its sharp slid on Thursday, the EUR/JPY pair dropped back below 122.00 on Friday before witnessing a minor bounce off day's through to currently trade just above 122.00 mark. The 122...
Yen Gaining Strength – BBH Research Team at BBH, suggests that part of the yen's strength reflects the weakness of the US dollar but another part of it looks independent of US developments...
NZD/USD Could be Eyeing to Reclaim 0.7000 The NZD/USD pair continues to inch higher and has now moved above yesterday's high to trade near 0.6988, within striking distance of reclaiming 0.7000 handle...
EUR/GBP Breaks Through 0.7800 Strong Resistance The EUR/GBP rose to session high of 0.7809 before retracing slightly back to the very important 0.7800 handle. The current EUR strength is backed by better-than-expected EU GDP data that provided the required boost to lift the pair above 0.7800 mark...
USD/CAD Drops to Fresh 10-Month Lows USD/CAD broke below 1.2510 (yesterday’s low) and fell to 1.2498 hitting the lowest level since July 1. Price remains near the lows, testing the 1.2500 area and holding a bearish tone...
Prerequisite Reading: GBPUSD: Time to Take Profits The levels we have been calling out these weeks in GBPUSD have played out very well, and we can confidently state that GBPUSD wins the first place as the "best behaving pair of the month". The third wave seems to be completed as expected in the 1...
XAU/USD: The Price of Gold has been Growing for the Fifth Day. Fundamental analysis of 29.04.2016. The price of gold has grown by almost 20% since the beginning of this year. The events of this week caused the rise in price of the precious metals...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, April 29th USD/CAD remains under the bearish pressure today after weak USD GDP print and rising of the crude oil prices. Pair still expanding its multi-month lows near 1.25, for five consecutive weeks of losses...
USD/JPY Hits 18-Month Low of 107.00 The USD/JPY pair extended its slide further during European session and has now dropped to 107.00 level, hitting an 18-month low level...
USDJPY Trades Below 107 By Brenda Kelly US GDP fell short of expectations yesterday and ultimately puts into question the recent optimism emanating from the Federal Reserve. The US dollar softened across the board as the first quarter growth was revised sharply lower to 0.5% q/q annualised from 1...
