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EUR/USD Unmotivated Near 1.1260, Focus on US CPI The shared currency is posting moderate losses vs. the dollar on Thursday, with EUR/USD hovering over the 1.1260 area...
Gold Analysis for April 14, 2016 Since our previous analysis, gold has been moving downwards. The price tested the level of $1,228.99 in a high volume. According to the daily time frame, I found that head and shoulders pattern (topping formation) is forming...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, April 14th EUR/USD continues to lose ground following the general recovery of the dollar, renewing this month lows at 1.1254 spot. The dollar index now trading at multi-day highs...
AUD: Stronger Employment Report Offsets Credit Rating Warning - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the Australian dollar continues to derive support so far this year primarily from the easing of economic growth concerns in China and dampened Fed rate hike expectations...
BOE Monetary Policy Preview: What to Expect of GBP/USD? Bank of England (BOE) is widely expected to keep rates unchanged and the minutes are likely to show the interest rate vote count stayed unchanged at 9-0. GBP/USD pair made a failed attempt to take out 1.4354 (61.8% of 1.4669-1...
SGD: Singapore Surprise with Policy Easing - Investec Research Team at Investec, suggests that the big story overnight in currency markets was the unexpected loosening of policy by the Monetary Authority of Singapore (MAS), weakening regional Asian currencies in the process as the Singaporean Dol...
AUD/USD Firmer, Looks to Regain 0.7700 The Aussie dollar is gathering further traction today, now lifting AUD/USD to test fresh highs in the 0.7700 neighbourhood...
FxWirePro: BTC/USD Consolidates in Narrow Range, Good to Buy at Dips Major Resistance - $428 BTC/USD has slightly retreated till $420.57 at the time of writing after making a high of $426.67. It is currently trading around $422. Short term trend is slightly bullish as long as support $400 holds...
Technical Analysis of USD/CHF for April 14, 2016 USD/CHF is expected to prevail its upside movement. The pair remains in a bullish trend, supported by its ascending 20-period and 50-period moving averages. The nearest support at 0.9610 should limit any downward attempts...
Technical Analysis of NZD/USD for April 14, 2016 Downside movements are expected to prevail in NZD/USD. The pair clearly reversed down, and is now capped by its falling 20-period and 50-period moving averages on an intraday basis...
Technical Analysis of GBP/JPY for April 14, 2016 GBP/JPY is under pressure and expected to trade in lower range. The pair ran down to 155.75 overnight before posting a rebound. Currently, the rebound is losing momentum while the pair remains capped by the descending 50-period moving average...
Technical Analysis of USDX for April 14, 2016 The Dollar index is reversing upwards as we expected. Bulls were warned that a reversal was coming. Price broke above the downward sloping wedge and now it is turning upwards in an impulsive pattern...
Technical Analysis of Gold for April 14, 2016 Gold price is moving exactly as we predicted. Price reversed lower and pushed below short-term support towards our short-term target of $1,230 as we pointed out yesterday. Gold could see a bounce today. I expect price to continue lower towards $1,190...
The RBA’s attempt to talk down the currency has done little damage to the AUD. In fact, it spiked higher on the day of the RBA meeting, where the statement mentioned that “an appreciating exchange rate could complicate the adjustment underway in the economy...
USD/CAD Downside Below 1.25 Unlikely – Westpac According to Strategist at Westpac Richard Franulovich, further losses south of 1.25 appear unlikely. Key Quotes “USD/CAD momentum remains lower especially given the break of 1.2850, a critical technical threshold that should unlock further losses...
GBP/USD Trims losses, Tests Hourly 200-SMA Ahead of BOE The offered tone around the GBP appears to lose steam in the European morning, now allowing the recovery in GBP/USD towards 1.42 handle, as focus now remains on the BOE policy decision...
AUD/USD Bullish Above 0.7725/50 – UOB In view of the research team at UOB Group, the Aussie dollar could accelerate its gains above the 0.7725/50 band. Key Quotes “AUD touched a low of 0...
EUR/GBP Remains Under Pressure – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the cross well supported in the 0.7881/0.7827 area. Key Quotes “EUR/GBP remains under pressure following its recent reversal from target. It has sold off to nearby support at...
EUR/JPY Stays Below 123 Despite Upward Revision of Eurozone Inflation Upward revision of Eurozone HICP inflation has failed to strengthen the bid tone around EUR, leaving the EUR/JPY cross below 123.00 handle. Supported by 122.72 Cross fell to a low of 122.72 before recovering to just above 123...
