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USD/JPY has broken below 110, and our technical analysts believe a test of 106 could be in the cards in the near term. It is certainly too early to return to selling the JPY, and it is even more doubtful that a weakening of the currency would be led by BoJ action...
FxWirePro: NZD/JPY Recovers Most of Previous Week's Losses, Stays capped Below Daily Cloud NZD/JPY extends gains on the day, erasing most of Thursday's losses. Renewed risk-on wave in the markets on positive data supporting the higher-yielding currencies...
NZD/USD Jumps 1% on Profit-Taking, Upbeat China Data The NZD/USD pair extends its recovery mode into the European session, with the bulls unstoppable taking the prices beyond 0.69 handle. NZD/USD: Thursday’s slide reversed Currently, the NZD/USD pair jumps 1.10% to fresh two-day highs of 0...
G20: No Currency Accord to Weaken the US Dollar - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that the gathering of finance ministers and central bankers in Washington over the weekend will take place...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, April 15th EUR/USD trades modestly flat in a 20-pips consolidating near its two-week lows reached at 1.1234 on Thursday...
USD/JPY Drops to Lows Near 109.00 The greenback is now losing the grip vs. the Japanese currency, dragging USD/JPY to test lows in the 109.00 area...
USD/JPY Shifted to Neutral Near Term – UOB The research team at UOB Group sees USD/JPY trading in a consolidative pattern in the next 1-3 weeks. Key Quotes “The break above 109.60 earlier indicates that the bearish phase that started in the middle of last week has ended”...
EUR/GBP Drops Further to 0.7940, GBP Regains Momentum The cross in the EUR/GBP reversed a spike and dropped sharply to daily lows as the pound picked-up significant strength against its European counterpart, despite weak domestic data. EUR/GBP offered once again near 0...
EUR/USD: 1.1144 Still on the Cards – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair could re-test the 1.1140 area. Key Quotes “EUR/USD recently charted a minor new high of 1.1465 which was not confirmed by the daily RSI earlier this week”...
EURUSD has been quite predictable this week, and both short and long positions have worked well. However, now it is stuck in consolidation mode, which may either be hesitation before a rally or consolidation before a new low is hit. There has been a clear 3 wave move starting from ... Read More...
GBP/USD Clinches Highs Near 1.4190 The sterling is following the rest of the risk-associated assets on Friday, taking GBP/USD to the area of daily tops near 1.4190. GBP/USD focus on risk, US releases Spot seems to have found some support in the 1...
FxWirePro: AUD/CAD Finds Strong Resistance at 0.9915 Levels, Break Above Could See Further Upside Aussie bulls buoyed by RBA's upbeat Financial Stability Review and renewed risk-on sentiment triggered by positive China data...
Major #currency pairs #EURUSD and #USDJPY remain virtually steady. #Investors are looking forward to see the release of today's statistics in the USA, after yesterday's mixed data. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
FxWirePro: AUD/CAD Intraday Trend Bullish Bias But Struggling to Break 21DMA After testing supports at 0.9788 levels that is at channel resistance, you could see the price bounces. But for now, AUD’s strength is tested again at 21DMA like yesterday...
Oil in Global Economy Series: Fossil Fuelled Fund Not to Invest in Fossil Fuel Coal In our post named “Future of oil can be seen in Present of Coal” available at http://www.econotimes...
GBP/JPY Rebounds from Hourly 100-MA Sell-off in GBP/JPY stalled around hourly 100-MA level of 154.60, helping it move back above hourly 50-MA level of 154.93. Back above 155.00 The cross jumped above 155.00 levels as GBP/USD finally managed to chew through hourly 200-MA resistance of 1.4166...
Technical Analysis of USDX for April 15, 2016 The Dollar index made a pause in its upward breakout above the downward sloping wedge. The price has reached important short-term resistance levels and a small pullback to re-test the breakout area is justified...
Technical Analysis of Gold for April 15, 2016 Gold is still trading above the $1,190-$1,200 support but bulls also do not show enough strength signs for a move towards $1,300. As long as it trades above $1,190, the price still has some hopes of reaching a new high...
EUR/USD Directionless Around 1.1260, US Data Eyed The single currency is alternating gains with losses at the end of the week, taking EUR/USD to the comfort zone in the mid-1.1200s...
