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Yesterday, we updated our analysis and forecast on USDCAD and stated that the major move down is not complete: "In this 4h chart, currently we have a clear a-b-c structure from the lows and prices have re-set all their oversold levels...
FxWirePro: US Oil Faces Strong Resistance at $40.40, Good to Sell on Rallies Major Resistance - $40.40 (200 day MA) The commodity has recovered after making a low of $37.56. It is currently trading around $39.83. Short term trend is weak as long as resistance $40.40 holds...
FxWirePro: EUR/JPY Holds Upside ahead of Crucial German ZEW Data, Bias Higher EUR/JPY bounced off from fresh 3-year lows at 121.71 on Monday and is holding gains above the 123 handle. Markets await the crucial Germany ZEW Economic Sentiment data due ahead in the European session...
FxWirePro: NZD/CAD Faces Strong Support at 0.8850, Good to Buy at Dips Major Resistance- 0.902 Major support – 0.8850 The pair has recovered after making a low of 0.88698. It is currently trading around 0.89404...
FxWirePro: EUR/SEK Fails to Break Key Support at 9.1501, Intraday Bias Remains Bullish EUR/SEK is currently trading around 9.1831 levels. It made intraday high at 9.1832 and low at 9.1625 levels. Intraday bias remains bullish for the moment. A daily close below 9...
IMF Meetings Takeaways – Deutsche Bank Research Team at Deutsche Bank, lists down the key takeaways from the most recent IMF meeting. Key Quotes “Slowing growth momentum, particularly in China, EU, Japan, and the US, is seen as fait accompli...
Market Movers for the Day – Danske Bank Research Team at Danske Bank, suggests that in the euro area, we get data for the German economic sentiment indicator ZEW expectations, which we expect to remain at the current low level as indicated by the Sentix investor confidence...
EUR/USD In Highs Near 1.1340, ZEW Eyed The greenback continues to trade on the defensive during the first half of the week, now sending EUR/USD to print daily highs in the 1.1340 area...
NZD/USD Takes-Out 0.7000, Highest Since June 2015 The bid tone surrounding the NZD picked-up pace in the last hour, with the NZD/USD pair finally piercing through 0.70 barrier amid fresh buying in the black gold. NZD/USD sees a 30-pips rally Currently, the NZD/USD pair trades 0.79% higher at 0...
AUD/USD Firmer Eyes 0.7800, Fresh Yearly Tops The Aussie dollar is following the rest of its risk-associated peers on Tuesday, now pushing AUD/USD to the boundaries of the 0.7800 handle. AUD/USD boosted by risk appetite Spot is trading in levels last seen in June 2015 around 0...
EUR/JPY Keeps Gains Around 123.50 Ahead of ZEW The cross in the EUR/JPY holds the upside in the European morning, extending its recovery from three-year lows, amid broad yen weakness and strong close on the Japanese Nikkei. EUR/JPY looks to test 124 now The EUR/JPY pair now rises 0.32% to 123...
Dynamics of #oil traditionally has a strong influence on commodity #currencies, such as #AUD and #CAD. Given the sharp drop in crude oil on Monday, the Canadian dollar was to fall much lower, but the #currency completed yesterday's trading even higher...
Asian Stocks Rebound, Track Wall Street, Oil Higher The Asian stock markets staged a solid comeback this Tuesday, after having witnessed heavy sell-off the day earlier, as bulls were rescued by the strong Wall Street close and rebound in oil prices...
USD/JPY Recovery Stalled Near 109.20, Bulls Exhausted? The USD/JPY pair is seen consolidating its robust recovery from near seventeen-month lows over the past few hours, with the rate hovering around 109 barrier...
NZD/USD: Consolidates Near Fresh 2016 Highs, GDT Eyed The NZD/USD pair is seen making another attempt to take-out 0.70 barrier, with the bulls committed amid a broadly lower greenback and risk-on rally in the equities. NZD/USD at 10-month tops Currently, the NZD/USD pair trades 0.56% higher at 0...
AUD/JPY: Bulls Committing for a Test of the 85 Handle AUD/JPY has followed suit of its counterparts, with USD/JPY pushed on to the 109 handle and the Aussie making a strong performance with iron ore rallying 3% overnight and oil claiming back grounds in the $40.00's bbls...
RBA Minutes Preview - What to Expect in AUD/USD? AUD/USD has been some tremendous two-way business at the start of this week. The pair has reached a nine-month high of 0.7758 in a rally from intra-day lows of 0.7642 and is perched better bid ahead of the RBA minutes...
AUD/NZD Drops Further to Test Hourly 200-SMA The New Zealand dollar manages to keep the upper edge over its OZ counterpart in the Asian trades this Tuesday, as the Aussie finds fresh sellers following the release of dovish minutes of RBA’s April 5th policy meeting...
Analysts at UOB noted , that other than the ECB policy decision this Thursday (21 Apr), we will have the Reserve Bank of Australia’s (RBA) April meeting minutes (19 Apr), the ECB bank lending survey (19 Apr) and the ECB survey of professional forecasters (22 Apr...
