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AUD/USD Finds a Bid Towards 20 DMA in Bears Territory AUD/USD was dragged up by the kiwi this week after traders backed the bird when the RBNZ left rates on hold and did not signal a certainty for the timings of a next hike, giving the green- light to attack the shorts...
NZD/USD: Too High, Expecting One More Cut - UOB Analysts at UOB Group noted that the RBNZ announced the outcome of its latest policy review. Key Quotes: "As was widely expected, follow a surprise rate cut at the March review the Bank decided to keep its OCR at 2...
Ichimoku Cloud Analysis: GBP/USD, Gold Analysis for April 28th, 2016 GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1) so far...
GBP/USD: Supported on USD Weakness - Scotiabank Analysts at Scotiabank noted that GB/USDP is quiet. Key Quotes: "Consolidating at the upper end of its recent range, a relative underperformer in an environment of broadbased USD weakness...
US GDP: Loss of Momentum in US Economy - ING James Knightley, analyst at ING Bank explained that the US 1Q16 GDP increased at an annualised 0.5% rate versus the 0.7% consensus expectation. Key Quotes: "The main weakness was non-residential fixed investment, which fell 5.9%, thereby subtracting 0...
NZD/USD Holds the Top Spot After Yen NZD/USD holds the top spot after the Yen on the back of markets not getting the indication from the RBNZ that June is definitely on the cards...
USD/JPY posted sharp gains last week, surging 370 points. The pair closed at 111.76, its highest weekly gain since late March. There are six events on the calendar this week. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY...
Gold Extends Gains to Fresh 1-Week Highs Gold advanced sharply on Thursday, and extended gains during the American session to print fresh 1-week highs above $1,260 an ounce...
Channel Up identified at 27-Apr-16:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.432 within the next 3 days. Resistance Levels : ( B ) 1.4642Last resistance turning point of Channel Up. Support Levels ( A ) 1...
Analytical Review for the stocks of Coca-Cola The Coca-Cola Company, #KO [NYSE] Consumer goods, Drinks, Free of alcohol drinks, USA Financial performance of the company: Index – DJIA, S&P 500...
USD/JPY: BoJ Set the Stage for Further Yen Strength - MUFG Analysts from The Bank of Tokyo-Mitsubishi UFJ, see that the Bank of Japan (BoJ) provided a green light for further yen strength, but the US dollar could gain some support ahead of the US employment report...
FxWirePro: EUR/USD Runs Out of Steam But Maintains Bullish Outlook The EUR/USD pair declined up to 1.1323 in the early US session but the bears quickly faded as the data showed US GDP weakened in the first quarter. The economy expanded only by 0.5 percent missing estimate of 0...
EUR/USD Completes Round-Trip, Erases Daily Gains EUR/USD completed a round-trip and erased completely intraday gains, after reaching a 1-week high of 1.1367 during the European session...
GBP/JPY Finds Support at 157.00, Still Down More 400 Pips GBP/JPY is falling sharply on Thursday's on the back of a stronger yen. During the last hours, the pound managed to move off session lows but is still headed toward a decline of more than 500 pips. GBP/JPY collapse finds support at 157...
EUR/USD: Neutral Outlook, Risks Becoming More Balanced - MUFG Analysts from The Bank of Tokyo-Mitsubishi UFJ, a cautious Federal Reserve may encourage one last leg lower for the US dollar but risks becoming more balanced in the EUR/USD pair. They expect it to trade neutral between 1.1200 - 1...
USD/CHF Attempting a Move Above 0.9700 Mark The USD/CHF pair has been trending lower and is currently trading off day's through but still below 0.9700 round figure mark...
Brent: The Price Goes Up Despite the Forecast. Fundamental Analysis Although yesterday the US Department of Energy presented the data showing that oil reserves in the USA rose by 1.999 barrels in the week of 16-22 April (a week before that oil reserves rose by 2...
Brent: In the Upward Channel. Technical Analysis Review and dynamics: On the daily chart the price of crude oil Brent continues to grow in the ascending channel with the upper limit at the level of 48.40. Currently the price has reached new annual highs at the level of 47.30...
Analytical Review of the Currency Pair AUD/USD Technical data of the currency pair: Previous closing: 0.7600; Daily range: 0.7574-0.7658; Opening: 0.7600...
