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AUD/USD Recovers Sharply to Move Back Above 0.7800 Handle As oil prices stabilized AUD/USD recovered sharply from early morning lows of 0.7767 and moved back above 0.7800 mark, erasing all of its early morning losses and trade with some marginal gains...
USD/JPY Now Looks to Consolidate Around 109.00 The Japanese currency is giving away part of the recent gains vs. the greenback, with USD/JPY currently gyrating around the 109.00 handle...
In our yesterday's post we stated that USD/JPY might have bottomed and that higher targets should be reached during this possible 3rd wave. Overnight USD/JPY retraced 38.2% of the rally and after ... Read More...
USD/CHF Drops to Lows Ahead of 0.9600 on Swiss Data The Swiss franc wiped-out losses and jumped back on the bids against its American counterpart in the European session, driving USD/CHF in the red just shy of 0.96 mark. USD/CHF recedes from 0.9620 Currently, the USD/CHF pair trades -0...
USD/CAD Recovery Fizzles as Oil Recovers Amid rising oil prices and weak US housing data, commodity-linked currencies rose sharply against the US Dollar on Tuesday with USD/CAD pair dropping to 1.2630, its lowest level since July 2015. 1...
GBP/JPY Hits Fresh Session Highs, Re-Takes 157 The cross in the GBP/JPY bounces-off daily lows and tries to recover lost ground somewhat following the release of weak UK labour market report. GBP/JPY eyes 157 The GBP/JPY pair now drops 0.23% to 156.87, hitting fresh session highs...
As a result of another dash of #GPBUSD in the upward direction, on the eve the cable has reached the resistance line. It should be noted that on the daily chart we observe the formation of "inverted head and shoulders." Find out more by checking out the Source Link...
#Quotes of #Gold continue to drift within a fairly narrow trading range. The trend is upward, so the priority in the future work will be buying from the support line. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Falling Wedge has broken through the resistance line at 19-Apr-23:00 2016 GMT. Possible bullish price movement forecast for the next 12 hours towards 1.453. Supporting Indicators : Upward sloping Moving Average Resistance Levels : ( B ) 1.447Last resistance turning point of Falling Wedge...
I think the market is turning its direction stocks will go down while Gold and Silver will go up. Why? Silver breakout the neck line of an inverted Head and Shoulder on weekly chart synchronized with the break out of a falling wedge on the monthly chart...
The six month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months into the future, fell from –1.07% in February to –1.53% in March...
Technical Analysis of GBP/JPY for April 20, 2016 GBP/JPY is expected to trade in an uptrend as the bias remains bullish. The pair remains on the upside and is supported by its rising 50-period moving average. Meanwhile, the relative strength index stays above 50...
Technical Analysis of Silver for April 20, 2016 Technical outlook and chart setups: Silver reverses from intraday highs at $17.20 levels today. The metal is seen to be trading at $16.92 levels after printing lows at $16.82 levels...
Oil: Supply Disruptions in Kuwait and Nigeria – SocGen Research Team at Societe Generale, suggests that the quick recovery in oil prices on Monday appears to have been caused by two new short-term bullish supply disruptions and the first new disruption is in Kuwait...
BOJ vs ECB: Higher Hopes for BoJ Movements will Support EURJPY - BNPP Research Team at BNP Paribas, suggests that the divergent performance of the EUR and JPY likely reflects stretched long positioning in the latter and possibly greater anticipation that next week’s BOJ meeting will bring new eas...
Oil: Real Takeaway from Doha – SocGen Research Team at Societe Generale, suggests that the key takeaway from the events of last weekend in Doha is not neutral fundamentals or possibly bearish market psychology...
UK Jobs Preview: What to Expect of GBP/USD? The GBP/USD pair found support at 1.4350 levels and now attempts a minor-recovery towards 1.44 handle on stalled oil price sell-off, while the latest Brexit polls showing increased support in favour of ‘remain’, also aided the recovery in the cable...
Gold Hovers Around $1250 Supported by a weaker US Dollar, Gold on Tuesday rallied nearly 1.5% taking it to a one week high level before settling above $1250...
Oil: Implications of Failure of the Freeze Talks for the Markets - SocGen Research Team at Societe Generale, lists down the possible implications of the failure of the freeze talks for the oil markets...
GBP: Looming Brexit Risk on Exchange Rates - Commerzbank Ulrich Leuchtmann, Research Analyst at Commerzbank, suggests that the Brexit event risk is looming and many speculative market participants might find it difficult to directly bet on or against the Brexit but many might find additional oppo...
