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FxWirePro: Sugar Trades Weak After Brazil Record Cane Crush, Good to Sell on Rallies Major resistance - $16.10 Major support - $15...
Gold Catches 'Risk-Off' Bid Post BoJ Gold has caught a strong bid following the decision by the Bank of Japan to leave its monetary policy unchanged, resultING in markets going into 'risk'off' mode, with Asian shares tumbling, including the Nikkei 225, down more than 3...
Daily Analysis of Major Pairs for April 28, 2016 EUR/USD: The perpetual rally on the EUR/USD has become a threat to the recent bearish outlook on the market. The EMA 11 has almost crossed the EMA 56 to the upside; plus the Williams' % Range period 20 is now in the overbought area...
Oil Eases-Off 2016 Peaks as Stockpiles Hit Record Highs Oil benchmarks on both sides of Atlantic retreated after a two-day rally to fresh yearly tops as a bigger than expected rise in the US inventories continue to dampen the sentiment around the black gold...
USD/JPY Falling Llike a Knife on BOJ’s Kuroda, 108 Eyed The bearish pressure on the USD/JPY pair intensifies ahead of Europe open, as the BOJ Governor Kuroda’s press conference gets underway...
The #FOMC statement did not deliver any surprises. In general, its tone suggests that the rate hike in June is possible, but everything will depend on statistics. The Fed noted the improvement in the labor market and mentioned the low inflation. Find out more by checking out the Source Link...
EUR/USD Heading Towards 1.1400 Mark The EUR/USD pair move to the high point of the day, 1.1350 level, benefited by USD’s sharp weakness against the Japanese currency...
FxWirePro: Gold Turns Higher During Asian Hours, Good to Buy on Dips XAU/USD is currently trading around $1248 mark. It made intraday high at $1256 and low at $1237 levels. Intraday bias remains bullish till the time pair holds immediate support at $1239 marks...
GBP/JPY Tumbles, Eyeing 158.00 Mark The GBP/JPY pair witnessed a sharp reversal from 162.50-60 strong resistance, dragging the pair back below 160.00 psychological mark to currently trade below 158.50 level...
RBNZ Smashes the Doves – TDS Research Team at TDS, notes that the RBNZ decision implies 2% OCR floor still in place while there are more headaches for long AUDNZD holders. Key Quotes “The RBNZ left the cash rate at 2...
RBNZ OCR Review: Softly, Softly – Westpac Anne Boniface, Senior Economist at Westpac, notes that as expected, the RBNZ left the OCR unchanged at 2.25% at today’s OCR Review...
RORO is back: Risk On – Risk Off Resurfaces - HSBC Research Team at HSBC, suggests that the risk on – risk off (RORO) is back. Key Quotes “In the years since the 2008 financial crisis, markets have been dominated by global forces, with local differences playing a secondary role...
FxWirePro: Silver Faces Strong Resistance at $17.75, Good to Buy at Dips Major resistance- $17.75 (May 15th 2015) Silver has made a high of $17.67 and slightly declined from that level .it is currently trading around $17.23. Short term trend is bullish as long as support $16...
Australian Bonds Rally on Weak Exports Figure, RBA Easing Expectations The Australian bonds rallied on Thursday for two consecutive days after reading weaker-than-expected first quarter exports figure, which boosted investor’s expectation for further policy easing from Reserve bank of Australia...
FxWirePro: NZD/USD Breaks Above 50% Fib at 0.6930, Targets 0.6960 RBNZ kept rates on hold at a record low of 2.25%, as widely expected, and talked down the NZD levels, while adding that the policy is likely to remain accommodative...
GBP/USD Catches Fresh Bid, Takes-out Hourly 50-SMA The British pound caught a fresh bid-wave in early Europe, now pushing GBP/USD to print fresh session tops above hourly 50-SMA located at 1.4563. GBP/USD supported above 5-DMA The GBP/USD pair rises 0.18% to fresh session highs at 1...
Daily Analysis of USDX for April 28, 2016 On the H1 chart, there was a lot of volatility in the USDX during yesterday's session, as the Index tried to break above the resistance zone of 94.70, but that was unsuccessful. Currently, a bottom can be found at the 94...
Daily Analysis of GBP/USD for April 28, 2016 GBP/USD has been doing a decline from the highs reached during the April 26th session. Currently, we're seeing that a strong support was found around the 1...
AUD/USD Stages Minor Recovery, Moves Back Above 0.7600 The AUD/USD pair has managed to recover during early Asian trade on broader USD weakness and has now moved back above 0.7600 mark...
