All Blogs
USD/CAD Drops to Lows Near 1.2950 The greenback is extending its downbeat momentum today, now dragging USD/CAD to test daily lows near 1.2950. USD/CAD focus on US, CAD data The pair keeps the bearish note this week, trading at shouting distance from yesterday’s multi-month lows in the 1...
USD/JPY: Bears Guarding 112.50 Barrier? Having bottomed near 112.15 region, the USD/JPY pair tries hard to turn into positive territory, but in vain, as the yen keeps ground on the back of renewed weakness in the European indices...
FXWIREPRO: "Diagonal Credit Call Spreads" in XAU/USD to Serve Both Hedging and Speculating Objectives The dovish comments contrasted with recent hawkish remarks by some Fed officials who indicated that the bank could act as soon as next month to raise interest rates...
Euro Rises Against Most Majors Before Eurozone Consumer Price Inflation Data At 5.00 am ET Thursday, Eurostat releases flash consumer prices for March. Eurozone prices are forecast to ease 0.1 percent on a yearly basis after decreasing 0.2 percent in February...
U.K. Q4 GDP Growth Exceeds Estimate The U.K. economy expanded more than previously estimated in the fourth quarter, a detailed report from the Office for National Statistics showed Thursday. Gross domestic product climbed 0...
EUR/USD Hits New Session Highs Near 1.1370 on CPI Fresh bids emerged for the EUR/USD pair at 1.1350 levels following the release of Euro zone flash CPI estimate, resending the prices towards 1.14 handle. EUR/USD: 1.1400 still on sight? Currently, EUR/USD trades 0.20% higher at 1...
According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, there are signals that the pair’s downside could be nearly over. “USD/CHF has eroded the 2015-2016 uptrend at .9653/35, the .9661 February low and the 78.6% retracement but 2 things worry me about this break lower”...
ames Smith, Economist at ING, notes that the UK fourth quarter GDP was revised up to 0.6% QoQ, but the focus now is on the economic impact of the Brexit vote over the coming quarters. “The final estimate of UK fourth quarter GDP surprised on the upside, with an upgrade to 0.6% QoQ from 0...
Technical Analysis of EUR/JPY for March 31, 2016 Technical outlook and chart setups: The EUR/JPY pair is trading higher at 127.55 levels. As depicted on the daily chart view, the Fibonacci 0.618 resistance is seen at 128.30 levels going forward...
In view of the research team at UOB Group, GBP/USDfaces upside risks in the next 1-3 weeks. “Despite moving above 1.4400, the rally was short-lived as GBP dropped quickly from a high of 1.4457 to close near the day’s low”...
In opinion of Richard Franulovich, Strategist at Westpac, CAD could see its gains limited in the next weeks. “USD/CAD seems set to test the key 1.2830 support level in coming days as Fed Chair Yellen’s dovish leaning speech continues to reverberate”...
USD Continues to Suffer - Investec Research Team at Investec, suggests that yesterday currency markets enjoyed a 'risk on' feel as the US Dollar continued to suffer in the aftermath of Fed Chair Janet Yellen's cautious rhetoric on Tuesday...
Headlines crossed the wires from China's State Administration Of Foreign Exchange (SAFE) - PBOC’s foreign exchange regulatory agency: Current account surplus to continue in 2016 Capital and financial account to see deficit Cross border capital flow risks under control China’s forex reserves still...
Analysis : Channel Up identified at 31-Mar-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 125.37 within the next 3 days. Resistance Levels : ( B ) 127.84Last resistance turning point of Channel Up. Support Levels...
EUR/GBP Hovers Over 0.7900 on EMU Data EUR/GBP keeps the 0.7900 area in the wake of the release of flash inflation figures in the euro area. EUR/GBP bid after data releases The European cross keeps its daily gains near the 0...
Technical Analysis of GBP/CHF for March 31, 2016 Technical outlook and chart setups: The GBP/CHF pair is showing mixed signals for now and it is trading lower at 1.3830 levels. Please note that the pair has stalled and reversed from the Fibonacci 0.618 resistance of the drop between 1.4050 and 1...
We argue that the EUR is underpricing the potential economic disruption related to Brexit and shorting EUR/USD is a cheaper way than shorting GBP/USD to hedge for such a possibility...
The Dollar was moderately lower against the other major currencies on Tuesday, despite the release of upbeat US consumer confidence data as investors remained cautious ahead of a speech by Federal Reserve Chair Janet Yellen...
The US economy seems to have peaked around the end of 2014/early 2015. Tightening in financial and monetary conditions appears to have been the driver...
