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FXWIREPRO: NZD/USD Holds Above Strong Support at 0.6880, Good to Buy Dips Broad based US dollar strength and downbeat NZ business confidence data adds to bearish pressure on the bird. ANZ NZ business confidence 3.2% in March vs 7.1% in February. NZ own activity outlook for March 29.4% vs 25...
U.S. Dollar Advances Against Most Majors The U.S. dollar strengthened against most major currencies in the Asian session on Thursday. The U.S. dollar rose to a 2-day high of 1.4328 against the pound, from yesterday's closing value of 1.4377...
AUD/JPY Heavy, On its Way to Hourly 100-SMA? The AUD/JPY cross is relentlessly offered this Thursday so far, with the bears bringing a halt to five straight sessions of gains against a backdrop of broad USD rebound. AUD/JPY back below 86 handle Currently, the AUD/JPY pair drops -0.44% to 85...
GBP/JPY – Challenging Bids Around 161.00 GBP/JPY is testing bids around 161.00 as weakness in European equity futures is keeping JPY on a front foot ahead of BOE governor Carney’s speech...
EUR/USD Unmoved by German Data, Stoxx 50 Futures Open Lower Contract in German retail sales failed to move EUR/USD pair, which trades on a weaker note around 1.1315 levels amid weak action in the European equity futures...
•A look at AUDNZD trends shows how stop losses are useful in FX trading •A bullish rally followed the prolonged 2011 to 2015 bear market for the AUDNZD •A classic AUDNZD symmetrical triangle pattern was finally completed on March 2 •The long term upside potential of AUDNZD is considerable Having...
AUD/USD Upside Appears Capped Above 0.77 – UOB According to the research team at UOB Group, the pair’s upside could striggle around 0.7740. Key Quotes “While the break above the month’s high of 0...
Oil Drops to 2-Week Lows on Rising US Crude Reserves Oil benchmarks on both sides of Atlantic prolongs its downward trajectory for the seventh straight session this Thursday, hitting fresh two-week lows on omnipresent supply glut concerns...
USD Losing Momentum? – Danske Bank Jens Pedersen, Senior Analyst at Danske Bank, has assessed the recent performance of the greenback. Key Quotes “USD bulls are losing confidence as Fed Chair Yellen’s latest comments seem to undermine previous hawkish comments from other board members”...
Crude Oil Prices Update: WTI & Brent Decline Sharply, Why? Crude Oil prices WTI and Brent fell sharply during the Asian session. Investors failed to prevent losses in crude oil price...
Pre European Open, Daily Technical Analysis Thursday, March 31, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: rebound. Pivot: 1.1300 Most Likely Scenario: long positions above 1...
Thursday’s a busy day for economic news, including a new estimate of Eurozone GDP growth via the Euro-Coin Indicator. Later, we’ll see the flash data for consumer inflation in Europe for March and the weekly numbers for US jobless claims...
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...
Dollar Heads for Biggest Quarterly Loss in Five Years on Yellen Lilian Karunungan and Chikako Mog Commodity currencies gain on signs U.S...
On Thursday, #AUD is declining against the U.S. dollar amid mixed statistics on Australia. At the time of writing, #AUDUSD is trading at 0.7653, shedding 0.23%. The negative impact on the pair had the HIA new home sales data. Find out more by checking out the Source Link...
CAD: Setting Up for Real GDP (January) – TDS Research Team at TDS, suggests that strong activity-level data will lend support to what should be a stellar month for the Canadian economy. Key Quotes “Real industry-level GDP is forecast to grow at an above-consensus 0...
USD/JPY: Further Downside Expects Below 111.97 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair could re-test 110.67 in case it breaks below 111.97. Key Quotes “USD/JPY’s correction higher has failed at the top of a 6 week channel at 113...
EUR/JPY Testing Lows Around 127.00 The overnight decline in EUR/JPY seems to have met buyers in the 127.00 neighbourhood, pushing the cross back to 127.10/55...
