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FxWirePro: AUD/USD Gains Some Upside Momentum But Still Bearish AUD/USD declined on Thursday after soft inflation data weighted on Australian dollar on expectation of a cut in rates by Reserve Bank of Australia...
GBP/USD Trims Most Daily Gains GBP/USD was rejected once again from the 1.4620 zone and fell back below the 1.46 mark, trimming most of its intraday gains. GBP/USD pulled back to a session low of 1...
USD/JPY Moves Off Daily Lows, Back Above 108.50 The yen lost momentum during the last hours as stocks in the US recover ground and following US GDP data. USD/JPY dropped to test daily lows but bounced to the upside, breaking above 108.45/50 (European session highs). The pair recently reached 108...
AUD/USD Retraces but Holds its Neck Above 0.7600 Level The AUD/USD pair retraced from 0.7657 and following the release of US GDP data dipped below 0.7600 handle to currently trade near 0.7610 level. Wednesday's weak Australian CPI number led to sharp fall in the AUD/USD pair, taking if below 0...
USD/CAD Unable to Clear 1.2600 Immediate Hurdle The USD/CAD pair has managed to register a minor recovery from day's through of 1.2528 but seems to face difficulty in moving back above 1.2600 handle...
Gold Trading $1250 on Weak US Dollar Weaker US Dollar helped Gold to gain momentum on Thursday, taking the yellow metal above the closely watched $1250 level...
EUR/USD Edges Lower After US GDP, Jobless Claims EUR/USD edged slightly lower but remained in positive ground for the day following a string of disappointing US data. US GDP slowed to 0.5% in the first quarter according to the advance estimate, missing expectations of 0.7% grow...
“If the UK votes to remain in the EU, any further relief rally in sterling could prove short-lived.” - Oliver Jones Assistant Economist at Capital Economics...
The last two weeks have seen an apparent widening in poll results in favour of a Remain win, with polls more often showing a 10-point lead than not...
'Bremain' odds are unlikely to advance much further argue TD Securities who warn this could be as good as it gets for the pound and interest rate yields. The yield on UK sovereign debt has rallied sharply as investors demand less return for holding UK assets ahead of the EU referendum...
NZD Rallying as RBNZ Left Policy on Hold - BBH Research Team at BBH, notes that after the Japanese yen, the New Zealand dollar is the strongest of the majors and is up about 1.6%, having been up closer to 2% earlier as the RBNZ left policy on hold...
Pound sterling is failing to extend its April rally against the euro despite some better-than-forecast UK GDP Numbers which confirm the UK economy continues to outperform its rivals. The British pound appears to be stalling around current levels (1.2850-1...
The euro to dollar exchange rate is forecast to retain current levels as the US Federal Reserve fails to pull the trigger to a US dollar recovery...
EUR/JPY Tumbles Below 123.00 Level The EUR/JPY pair tumbled from early morning highs of 126.47 all the way to 122.54 and has failed to register any meaningful recovery even after such steep fall...
The US Federal Reserve managed to fly under the radar in April. The April FOMC statement was broadly in line with expectations...
EUR/USD Clings to 1.1350 After German Inflation Data EUR/USD continues to trade near recent highs around 1.1350, following the release of German inflation numbers. German consumer price index fell 0.2% in April but rose 0.1% YoY, matching expectations...
FxWirePro: AUD/CAD Breaks Below 200-Dma at 0.9692, Good to Sell Rallies AUD/CAD slump post dismal Australia's CPI data on Wednesday saw the pair break below strong 200-DMA support at 0.9692. Bearish bias in the pair has risen and momentum studies heavily tilted to the downside...
USD/CHF Breaks Major Trend Line Support, Decline Till 0.9630/0.9575 Is Possible Major resistance- 0.9760 Major support - 0.9680 (trend line joining 0.9493 and 0.9584) The pair has broken major support 0.9680 and declined till 0.96610 at the time of writing. It is currently trading around 0.96579...
Oil is Favored Higher While Above 42.51 Short term Elliottwave structure suggests that rally from 35.23 on 4/5 remains alive as a triple three where wave W ended at 42.42 on 4/13, wave X ended at 37.61 on 4/18, wave Y ended at 44.49 on 4/21, and 2nd wave X pullback is proposed complete at 42...
