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EUR/GBP has been in a strong uptrend since breaking out above the 0.7490 range highs in January. Recently, on March 24, it made a new 14-month high of 0.7945. Since then it has slid back down to its current trading level at 0.7905 in a hint that the strong uptrend is troubled...
#CAD continued to rise against #USD, despite the negative trend in #oil prices. Thus, #USDCAD has updated the five-month low. Market participants are now at a certain crossroads, it is recommended to stay out of the market until we will receive new signals. Discover more at http://bit...
Elwin de Groot, Eurozone Strategist at Rabobank, notes that the PBOC allowed the CNY to fix much stronger again today, reversing previous fixes weaker, and apparently a response to the Fed's "we won't raise if you don't devalue" message...
The dollar continued its decline against major competitors in #FOREX. We should note that in terms of technical analysis #EURUSD has achieved the five-month high. It is recommended to buy on a breakthrough of the above indicated resistance line at 1.1377...
Research Team at Deutsche Bank, notes that the Fed’s Evans yesterday mentioned that he expects the US economy to be strong enough to justify raising rates twice this year...
Reuters quoting sources familiar to the matter, the Bank of Japan (BOJ) is expected to slash its inflation outlook for the next two fiscal years at a quarterly review meeting next month...
Elwin de Groot, Eurozone Strategist at Rabobank, suggests that the UK steel industry is on the brink of collapse, it appears, due to the flood of oversupply from China. “As such, politics may well crack before the markets do...
Research Team at TDS, suggests that reflecting the mixed nature of the German (higher), French (as expected), and Spanish (weaker) inflation reports in the last 24 hours, broader euro area inflation in March came in as markets expected at -0.1% y/y...
AUD/USD: Bulls Fight Back Control, Wednesday’s High Eyed The AUD/USD pair bounced-off hourly-50 SMA support and climbed higher over the last hours on resumption of broad based USD selling. AUD/USD underpinned by USD weakness Currently, the AUD/USD pair trades 0...
Oil Trims Losses, but Fails to Lift Equities Oil prices recovered from the daily lows despite oversupply concerns, but have failed to lift equity markets from session lows. At the time of writing, Brent oil was trading largely unchanged on the day around $40/barrel. Prices hit a low of $39...
AUD/USD Could Advance Towards 0.77-0.78 – Westpac Strategist at Westpac Sean Callow believes the Aussie dollar could extend its upside momentum to the 0.77/0.78 band. Key Quotes “Specs have helped drive AUD gains but it’s not obvious why they would stop here...
Technical Analysis of USD/CAD for March 31, 2016 General overview for 31/03/2016: The main impulsive count has been invalidated after 1.2923 was violated...
Technical Analysis of AUD/CHF for March 31, 2016 After AUD/CHF found the bottom around 0.6800, the price started to move higher and broke above the descending Fib channel. It seems that the price had a false breakout above the 161...
Gold Prices React To Greenback After Rate Hike Expectations Fades Gold prices might be feeling the impact of Federal Reserve chair Janet Yellen remarks. This is because, few days ago the prices of this precious asset started declining owing to the strengthening greenback...
Analytical Review of the Currency Pair AUD/USD Technical data of the currency pair: Previous closing: 0.7671; Daily range: 0.7635-0.7673; Opening: 0.7671...
Gold lost more than 1% as a surge in assets caused by Federal Reserve Chair Janet Yellen's dovish remarks implied higher risk, prodding some investors to capitalize on previous gains...
Pound Rises As U.K. GDP Revised Up The British pound strengthened against the other major currencies in the early European session on Thursday, after data showed that the U.K. economy expanded more than previously estimated in the fourth quarter...
Eurozone Consumer Prices Fall For Second Month Eurozone consumer prices decreased for the second straight month in March, flash data from Eurostat showed Thursday. Consumer prices fell 0.1 percent in March from a year ago following a 0.2 percent drop in February...
USD/JPY Further Rangebound Expected – UOB According to the research team at UOB Group, the pair’s neutral stance remains unchanged for the time being. Key Quotes “USD/JPY spent much of Wednesday trying to claw back the losses seen in the wake of Yellen's speech...
