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USD/CAD Catches Fresh Bid, Hits Fresh Highs Above 1.3050 USD/CAD’s recovery gathered pace over the last hour, taking the prices beyond the mid-point of 1.30 handle as the USD bulls fight back control somewhat amid tumbling oil prices. USD/CAD holds above 1...
Technical Analysis of USD/CAD for April 4, 2016 General overview for 04/04/2016: A new local high has been made at the level of 1.3146, but the bulls weren't strong enough to clearly break out above the neutral zone. Currently, the market trades inside of the neutral zone between the levels of 1...
There is no trade call for the session. The London session is relatively quiet, however we will see Employment figures from Spain and Construction PMI from the UK. Currency Update USD: Employment figures for March were solid with 215,000 jobs added, a rise of 0...
Technical Analysis of NZD/USD for April 04, 2016 USD/CHF is expected to trade in a lower range as key resistance is at 0.9625. After the failure to break above the nearest resistance at 0.9625, the pair is now under pressure, and is expected to challenge its next support level at 0.9555...
Technical Analysis of GBP/JPY for April 04, 2016 GBP/JPY is expected to trade in a lower range as the pair is under pressure. The pair is turning down following a double top pattern, and is expected to post further decline...
Elliott Wave Analysis of EUR/NZD for April 4 - 2016 Wave summary: We have seen the expected break above minor resistance at 1.6508 indicating that a low was seen at 1.6223. Now we only need a break above resistance at 1.6725 to confirm that wave [iii] of iii is developing...
Elliott Wave Analysis of EUR/JPY for April 4 - 2016 Wave summary: The corrective rally in wave iv seems to have ended prematurely at 128.22. The break below minor support at 126.94 does suggest this is indeed the case and that the final decline in wave v lower to 117.38 is now developing...
Technical Analysis of EUR/USD for April 04, 2016 When the European market opens, some economic news will be released such as the PPI m/m, Unemployment Rate, Sentix Investor Confidence, Spanish Unemployment Change...
Technical Analysis of USD/JPY for April 04, 2016 In Asia, Japan will release the Monetary Base y/y and the US will release some economic data such as the Labor Market Conditions Index m/m and Factory Orders m/m...
Daily Analysis of Major Pairs for April 4, 2016 EUR/USD: This pair moved upwards by roughly 300 pips last week, but the bulls met a strong opposition around the resistance line at 1.1400...
Gold Re-Tests 50-DMA, Greece is Back in News Gold found support at 50-DMA of $1215 levels in Asia as treasury yields in the US fell, tracking weakness in the Asian equities...
USD/JPY Softer, Testing Lows Near 111.30 The Japanese yen is extending its gains vs. the greenback on Monday, dragging USD/JPY to test session lows in the 111.30 area...
What important events await us this week? The #Fed rate increase does not leave the agenda. The market will wait for FOMC members comments, Yellen's speech and minutes of the Fed March meeting. Find out more by checking out the Source Link...
EUR/USD Testing Lows Near 1.1385 in Early Europe The EUR/USD pair failed to resist above 1.14 barrier in early Asia, and from there extends its bearish bias heading towards the European session amid as dust settles over the US jobs data. EUR/USD supported above 5-DMA at 1...
RBA to Remain on Hold as Downside Risks Ease - ANZ Research Team at ANZ, had revised their rate profile and now expect the RBA to remain on hold at 2% this year and next...
GBP/USD – Rejected at 10-DMA, Eyes UK Data GBP/USD’s attempt at recovering Friday’s loss ran out of steam near 5-DMA of 1.4241 in Asia and the spot is now trading around 1.4225 levels; largely unchanged on the day...
RBA Likely to Highlight its Reluctance to Cut - TDS Research Team at TDS, suggests that tomorrow we have RBA meet...
New Zealand’s PM Key: Yellen Doesn’t See an Enormous Amount of Pressure to Raise Rates in a Hurry Speaking at a press conference, New Zealand PM John Key commented on the Fed interest rates stance...
Asian Shares Firm After Solid U.S. Jobs Data, Dollar Soft Asian share prices held firm on Monday after solid U.S. payroll data underpinned investor risk sentiment while dovish comments from Federal Reserve Chair Janet Yellen the previous week kept the U.S. dollar in check...
