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Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, April 5th NZD/USD trades -0.69% lower at fresh session holding just on 0.6800 with its lowest position at 0.6785...
Strategists at TD Securities expect the ECB minutes to show strong consensus behind the March meeting. Key Quotes “The ECB minutes should reveal the strength of consensus behind March's big easing move”...
Channel Down identified at 04-Apr-16:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.746 within the next 3 days. Resistance Levels : ( B ) 0.7464Last resistance turning point of Channel Down...
GBP/USD Still in Consolidative Range – UOB The research team at UOB Group expects the pair to extend its rangebound pattern in the next weeks. Key Quotes “Instead of extending its recent weakness, GBP rebounded strongly from a low of 1.4192...
Researchers at BBH have noted the relevance of the 64.34/62.34 band in USD/RUB. Key Quotes “USD/RUB has retraced nearly three quarter of the October-January rise”. “Break below the November 20 low near 64.34 and then the November 3 low near 62.34 would set up a test of the October 16 low near 60...
EUR/JPY Upside Expected to Fail at 129.35 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, occasional up moves in the cross could struggle around 129.30...
Quotes of #USDJPY has broken the support level 112.00, which soon led to testing the lower boundary of the trading range. The bears have a lot of work to do before the last line of defense of the bulls will finally fall. Find out more by checking out the Source Link...
The upward movement of #EURUSD slowed down, which was caused with fundamental and technical factors. #Quotes have reached the important resistance level – the area of highs in October 2015. Find out more by checking out the Source Link...
Charts are showing volatility may be on the horizon for the precious metal, but the question is in which direction...
GBP/JPY Trims Losses and Regains 157 on UK PMI The bulls were rescued by the rebound in the UK’s services sector activity report, allowing a minor recovery in the pound against the European currency. GBP/JPY bounces-off five-month lows The GBP/JPY pair trades -0.91% lower at 157...
Technical Analysis of EUR/CAD for April 05, 2016 The EUR/CAD pair managed to find a hard bottom near the 1.4500 level after which a sharp move up followed. The spike up resulted in the breakout of the descending channel, where price broke above the 23...
Technical Analysis of CAD/CHF for April 05, 2016 CAD/CHF was range trading for the past month and only few days ago pair managed to get below the 0.7330 support level. This could signal that a downtrend is about to emerge...
The sterling is accelerating its downside today, dragging GBP/USD to the boundaries of the 1.4200 key support. GBP/USD lower on USD, PMI The pair has given away yesterday’s strong advance to the 1...
FXWIREPRO: Swedish Krona Falls After Lower Than expected Industrial Production Data EUR/SEK is currently trading around 9.2607 levels. It made intraday high at 9.2671 and low at 9.2450 levels. Today Sweden released industrial production data with negative numbers at 0.1% m/m vs 0...
The Swedish krona is losing ground today vs. the single currency, pushing EUR/SEK to the area of session tops near 9.2700...
FXWIREPRO: NZD/USD Breaks Below 0.68 Handle, Sell Rallies, Target 66.80 NZD/USD bears tighten grip below 0.68 handle, pair hit fresh weekly lows at 0.6770. New Zealand Institute of Economic Research (NZIER) Survey of Business Opinion was released earlier today...
EUR/USD Breaks Major Support 1.13700, Targets 1.1280/1.1200 Major support - 1.13700 Major intraday resistance - 1.14050 The pair has retreated after making a high of 1.1405 yesterday. It is currently trading around 1.13640. Intraday trend is still weak as long as resistance 1.1405 holds...
Technical Analysis of GBP/CHF for April 05, 2016 Technical outlook and chart setups: The GBP/CHF pair had stalled at 1.3710/20 levels yesterday before dropping lower. The pair is seen to be trading at 1.3650/60 levels at the moment, and a push above 1.3720 levels would be encouraging for bulls...
Elliott Wave Analysis of EUR/JPY for April 5 - 2016 Wave summary: EUR/JPY is accelerating nicely lower as wave v is starting to unfold in practice. Short term, we expect minor resistance near 126.43 will protect the upside for decline to below support at 124.64 confirming a return to the 122...
