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FxWirePro: USD/CAD Faces Minor Resistance at 1.3000, Good to Sell on Rallies Minor resistance – 1.3000 Major trend reversal level- 1.3060 The pair has opened up at 1.29850 compared to previous close of 1.28110. It has jumped till 1.29896 at the time of writing. It is currently trading around 1...
Every now and again we get asked, 'What has changed so dramatically to warrant such a significant shift in gold sentiment over a relatively short amount of time...
Pre US Open, Daily Technical Analysis Monday, April 18, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: bullish bias above 1.1270. Pivot: 1.1270 Most Likely Scenario: long positions above 1...
The 105 level in USD/JPY could well become the ‘line in the sand’ for the BoJ that may spur the bank back into action. To see that, we take a more detailed look at the longer-term path of USD/JPY and PPP...
EUR/USD: Bearish: Downside potential likely limited to 1.1145. There is no change to our bearish view but as highlighted previously, downward momentum is not very strong and the downside potential is likely limited to 1.1145. Stop-loss remains unchanged at 1.1395 but 1...
Gold Hovers Around 50-DMA Gold has recovered from its daily lows and now trades just above 50-DMA level of $1234.60 levels. Weak equities supports gold The metal finally found takers as weakness in energy and mining shares pushed European stocks lower. Prices thus recovered from the low of $1229...
Pivot Points Hourly Last Updated: Apr 18, 1:01 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12789 1.12922 1.12987 1.13055 1.1312 1.13188 1.13321 USD/JPY 108.073 108.235 108.301 108.397 108.463 108.559 108.721 GBP/USD 1.41567 1.41726 1.41809 1.41885 1.41968 1.42044 1.42203 USD/CHF 0.96321 0...
AUD/USD Struggles to Extend Recovery Above 0.7700 The AUD/USD’s recovery finds stiff hurdle ahead of 0.77 handle, with more than half of the bearish opening gap filled in amid stabilizing oil prices and a broadly weaker US dollar. AUD/USD continues to recover from 0...
UNEMPLOYMENT CLAIMS WAS THE SOLE POSITIVE IN A WEEK FILLED WITH DISAPPOINTING US DATA U.S. retail sales disappointed with a 0.3 percent contraction when a slight expansion of 0.1 percent was expected. Removing volatile auto sales did not improve over estimates as core retail sales came in at 0...
EUR/USD Keeps the Bearish Outlook – UOB Analysts at UOB Group keep their bearish stance on the pair for the next 1-3 weeks. Key Quotes “There is no change to our bearish view but as highlighted previously, downward momentum is not very strong and the downside potential is likely limited to 1...
Technical Analysis of USD/CAD for April 18, 2016 General overview for 18/04/2016: The wave (b) extended higher during the weekend, but it looks like it was capped around the 50%Fibo at the level of 1.2985...
Oil Futures Gap Down as Doha Oil Freeze Meeting Fails on Accord Talking Points WTI Crude Oil Futures gapped more than 3...
USD/JPY On its Way to 107.60? – Commerzbank In opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair seems to be poised to retest the area of 107.60. Key Quotes “USD/JPY is slipping back towards its April low at 107.63. Below 107.63 lies major support – namely 106.63/38...
GBP/JPY Turns Positive, Aims for 154+ Levels GBP/JPY cross turned positive on the day and is now looking to take out offers around 154.00 levels as bid tone around Yen lost steam. Supported by 152.51 Prices turned higher from the low of 152...
USD/CAD Filled the Gap, Back Below 1.2900 The Canadian dollar has gathered further traction today, now dragging USD/CAD back below the 1.2900 key support. USD/CAD fades the spike to 1...
EUR/JPY Stages Solid Comeback From 3-Year Lows The cross in the EUR/JPY caught fresh bid-wave post-European open, with the bulls on their way to fill in the bearish opening gap amid easing risk-off market profile. EUR/JPY recovers almost 1 big figure drop The EUR/JPY pair now loses 0.11% to 122...
GBP/USD: Bulls Conquer 1.4200 Amid Oil Price Recovery The offered tone around the GBP appears to weaken in the European morning, now allowing the recovery in GBP/USD to 1.42 handle, as markets continue to track the oil price action for fresh hints on the major...
The main events of the rest of the week in #Forex are the following: the #ECB monetary policy meeting and the publication of the PMI data in the euro zone. The USA is to publish the data on the real estate market. Find out more by checking out the Source Link...
FxWirePro: FTSE100 Recovers After Gap down Opening, Good to Sell on Rallies Major resistance -6375 The index has showed a gap down opening in the morning till 6260 and slightly filling up the gap. It is currently trading around 6309. Short term trend is still weak as long as resistance 6375 holds...
