All Blogs
EUR/USD Trims Gains, EUR/GBP Weakness Weighs Drop in EUR/GBP cross post strong UK CPI release has pushed EUR/USD pair back to 1.1418 (23.6% of 1.0463-1.1714). Fades spike to 1.1460 Once again the spike to 1.1460 levels was met with fresh offers...
Further Gains in EUR/USD Would be a Blow to the ECB - Rabobank Piotr Matys, EM FX Strategist at Rabobank, suggests that after fairly volatile March, EUR/USD has been trading in a relatively narrow range so far this month...
EUR/GBP Failure Expected at 0.8162/0.8200 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the upside in the cross could struggle in the 0.8162/0.8200 band...
US Oil Breaks Major Resistance $40.80, Targets $41.87/$42.73 Major resistance - $40.80 (trend line joining $50.91 and $41.87) Major support - $39 (7 day EMA) US Oil has broken major resistance $40.80 and jumped till $40.89. It is currently trading around 40.75...
EUR/USD Forms Diamond Pattern, Sell Below 1.13800 for Further Weakness Pattern Formed- Diamond pattern Major resistance -1.1450 Major support - 1.1370 The pair is trading in narrow range between 1.1370 and 1.14454 for the past two trading session. It is currently trading around 1.14227...
GBP/USD Extends CPI-Driven Rally Towards 1.4350 The bid tone surrounding the GBP keeps growing bigger as we progress towards the mid-European trades, now pushing GBP/USD towards the mid-point of 1.43 handle. GBP/USD sees a 60-pips rally post-UK CPI The GBP/USD pair advances 0...
Japan Continues to Highlight Unease Over One Sided Yen Moves - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has weakened modestly in the Asian trading session undermined in part by further verbal intervention from Japanese officials and an improvement in global investor risk sen...
Yen’s Rally Run Out of Steam - Rabobank Piotr Matys, EM FX Strategist at Rabobank, suggests that the Japanese shares posted strong gains with the Nikkei up 1.13% after the yen’s rally run out of steam following the longest stream of daily gains so far this year...
AUD/USD Still Expects a Pullback to 0.7480 – UOB According to analysts at UOB Group, the Aussie dollar could head towards the 0.7475/80 band in the near term. Key Quotes “We shifted to a neutral stance last Wednesday and expected the pull-back in AUD to extend lower to test the 0.7475/80 support”...
UK: Domestic Political Developments Increase Brexit Risk - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the Pound weakness remains relentless early this year ahead of the EU referendum...
IMF and US Data at The Centre Stage - Rabobank Piotr Matys, EM FX Strategist at Rabobank, suggests that the International Monetary Fund will publish its latest World Economic Outlook. Christine Lagarde has already hinted that the IMF may revise lower its economic forecasts...
AUD/USD Firmer, Clinches Highs Near 0.7680 The better tone around the risk-associated space is bolstering the upside in AUD/USD to the vicinity of 0.7680 on Tuesday...
UK Inflation Beats Expectations - ING James Smith,Economist at ING, suggests that the core inflation (at 1.5%) is creeping closer to target, which alongside an expected boost from higher import prices this year, will put pressure on the BoE to hike rates should the UK vote to remain in the EU...
Gold Regains Poise, Hits Fresh 4-Week Highs Above $ 1260 Gold bulls regained control over the last hours and drove the prices to the highest levels since mid-March, as the US dollar ran through fresh offers and fell to fresh multi-month lows against its major rivals...
Our Daily wave count suggests that British Pound has entered into a corrective wave 4, which up to now is developing to be a zigzag. The most important level to watch here is 1.400 which should not be broken in case GBP/USD is to reach a higher point as suggested by our current and past analysis...
Reversal candles in H1 chart, suggesting that EUR/USD may retrace as in previous days when we have seen such strong reversal signs. It is being traded in overbought level and has consolidated these last days with few new highs which have been sold immediately... Read More...
EUR/GBP Slumps to Lows Near 0.7980 The now stronger tone around the sterling is dragging EUR/GBP to test session lows in the 0.7985/80 band...
EUR/USD Fades a Spike to 1.1465, Back to Square One The EUR/USD pair trims gains and now slips back below the mid-point of 1.14 handle, having failed to sustain at fresh 2016 highs. EUR/USD hits fresh 2016 highs, then retreats Currently, EUR/USD trades 0.16% higher at 1...
