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FxWirePro: ASX200 Faces Strong Support at 5020, Good to Buy at Dips Major support - 5078 ASX200 has broken major resistance 5078 and jumped till 5099. It is currently trading at 5095. Short term trend is slightly bullish as long as support 45020 holds...
FxWirePro: Nikkei 225 Faces Strong Resistance at 17300, Good to Buy at Dips Short term trend reversal level - 17300 The index has broken major resistance 16650 and jumped till 16808 at the time of writing . It is currently trading around 16740...
FxWirePro: Go Long on AUD/NZD Above 1.1123 With Stop Loss at 1.1060 and Target at 1.1357 AUD/NZD is trading around 1.1145 marks. Pair made intraday high at 1.1151 and low at 1.1052 marks. Aussie gains sharply after better than expected Australia’s employment data...
FXWIREPRO: South Korean Won Falls by 1 Pct Against US Dollar, Good to Buy on Dips USD/KRW is currently trading around 1155 levels. It made intraday high at 1156 and low at 1144 levels. Intraday bias remains bullish for the moment...
NZD/USD: Bears Relentless on RBNZ Rate Cut Leak News The NZD/USD pair extended weakness into a second day this Thursday as the bears retained control amid negative RBNZ news and lower oil prices. NZD/USD: hourly 200-SMA at 0.6840 tested Currently, the NZD/USD pair slumps 0.85% to 0...
AUD/JPY: Aus Jobs Upbeat but 84.00 Tough Nut to Crack AUD/JPY has printed an hourly bearish order book sweep, also know as engulfing candle, following a counter-intuitive reaction to better-than-expected Australian employment figures, with the exchange rate last exchanging hands circa 83...
AUD/NZD Firmer, Takes-Out 1.1150 on Strong Aus Jobs The AUD/NZD cross ran through fresh buyers in the last hour, jumping nearly 80-pips in a bid to regain 1.11 barrier and beyond, after the Australian jobs data outpaced estimates. AUD/NZD climbs on NZD weakness The AUD/NZD pair now advances +0...
AUD/USD Pops and Drops on Upbeat Aus Jobs Data The AUD/USD pair reverses a 25-pips knee-jerk spike seen following the release of the Australian jobs data, which bettered estimates. AUD/USD fails near daily highs Currently, the AUD/USD pair drops -0.13% to 0.7642, quickly fading a spike to 0...
We just got great news about wage growth in America. The Federal Reserve's latest Beige Book report out Wednesday indicated that in 11 of the Fed's 12 regional districts, signs of wage growth were everywhere...
Valeria Bednarik, chief analyst at FXStreet explained that the EUR/JPY pair turned back south this Wednesday, as the common currency under-performed against all of its major rivals, although with the JPY also weak, the pair remained within its recent range...
• AUDJPY Rebound off key support at risk- on the lookout for short-triggers • Resistance / Bearish invalidation at 84...
The Producer Price Index for final demand fell 0.1 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices decreased 0.2 percent in February and advanced 0.1 percent in January. On an unadjusted basis, the final demand index moved down 0...
According to analysts from Wells Fargo, today’s report on inventories from February continues to show an adjustment that should continue as the Inventory-to-sales ratio remains elevated. They expect inventories to be a drag on GDP growth during the first half of 2016...
According to analysts from Danske Bank, trade numbers from March show positive numbers that would contribute to the Chinese recovery but are not as strong as it looks. “Exports rose stronger than expected in March by 18.7% y/y (consensus 14...
Analysts from Lloyds Bank, expect a rate hike from the Federal Reserve in June, that would send NZD/USDtoward 0.64. “Since its 0.6350 low in mid-January, NZD has experienced a gradual appreciation against the USD...
The market has started testing the central banks Markets have stopped focusing on what central banks are doing and are positioning for what they believe central banks may or may not do...
Forex trading is the hardest job in the world, losses will occur along the way and they are part of the game. We had a difficult start in this month. We started bad and we had to bring those pips back without having any distructions. Please BE patient, Rome was not built in a day...
As expected the BOC held its target for the overnight rate unchanged at 0.50% at today’s meeting. After a slow start to 2016, the US economy is expected to regain momentum and global growth is expected to strengthen too according to the Bank...
UBS targets EUR/CHF at 1.15 by the end of the year. * UBS AG is a Swiss global financial services company, incorporated in the Canton of Zurich,[2] and co-headquartered in Zurich and Basel...
