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Analysts at Westpac explained that their model, macro and technical signals escort them into buying USD/CAD on weakness...
The pound to Australian dollar's week-long recovery is in danger of being brought to an end as solid Australian fundamentals and a possible rebound in commodities could reinvigorate the Aussie side of the pair...
It's official: June is off the table. On Tuesday, Federal Reserve Chair Janet Yellen delivered remarks before the Economic Club of New York. The tone was decidedly dovish, with the dollar falling, Treasurys rallying, and stocks moving higher following the speech's release...
The euro was expected to remain in a rough $1.1100 to $1.1400 in the near-term, despite the event risk stemming from various key global data sets due out this week. There are mixed views about the bigger picture, with much hinging on when the Federal Reserve will raise interest rates again...
The USDJPY is down testing trend line support. That level comes in at 112.72 currently. IN the process, the sellers are moving further away from the 100 hour MA (blue line). The 38.2% and 200 hour MA will be targeted on a break...
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The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We are bearish and would prefer to use upticks around 1.1265 as an opportunity to sell at better levels...
US: Consumers Remain Frustrated by Sluggish Income Growth - Wells Fargo According to analysts from Wells Fargo, despite the increase in consumer confidence in March, the headline looks better than the underlying details as consumers remain frustrated by sluggish income growth...
USD/JPY: Bears Testing 4hr100 SMA After Yellen's Q&A's USD/JPY sold off on a broadly weak dollar on the back of a dovish outcome in Yellen's speech today and Q&A's that are taking place at the Economic Club of New York...
Dollar Weakening After Yellen Stresses Need For Caution The dollar is losing ground against all of its major rivals Tuesday afternoon. The U.S. currency began to weaken after Federal Reserve Chair Janet Yellen's highly anticipated speech to the Economic Club of New York this afternoon...
FXWIREPRO: GBP/USD Intraday Upside Momentum Strong After Fed Yellen Comments The pair has found renewed bullish momentum after Fed yellen comments, breaking strong resistance at 1.4269 and is moving upwards to test next resistance level at 1.4377. The pair is trading around 1...
Brent: Oil Market is Now Uncertain According to US Energy Department, last week oil and oil products reserves in the USA increased by 9.357 million barrels. Statistics released by API showed that oil reserves have increased by 8.7 million barrels...
Brent: The Price can Go Below the Level of 41.50 The price of crude oil Brent failed to overcome resistance level of 41.50, which was mentioned in our previous review of 23.03.2016 “the rise can be continued in case of breakdown of the levels of 41.50 and 42...
USD Tumbles in the Market on Yellen Comments The US dollar dropped sharply after the release of Janet Yellen speech, that was seen as dovish by market participants...
EUR/USD: Bulls Take Charge on an Uncertain and Dovish Fed EUR/USD has rallied to1.1263 so far ahead of Yellen's presser after a speech she is currently making at the Economic Club of New York...
Yellen: Appropriate for Fed to Proceed Cautiously with Rate Hike Janet Yellen, Chair of the Federal Reserve, said today in New York that the central bank must move with caution regarding interest rate hikes given the current outlook. She mentioned that inflation expectation may have drifted lower...
GBP/USD: Bulls Target 1.44 Handle on Dovish Yellen GBP/USD has rallied from 1.4280 to make fresh highs which are rising at time of writing towards the half way point on the 1.43 handle after Yellen's dovish tone speaking in New York today...
• EUR/CHF is trading mixed since it failed to reach 1.1000 which shows that short-term bearish pressures are still lively. Hourly support can be found at 1.0874 (23/03/2016 low) while hourly resistance is given at 1.1023 (10/03/2016 high). Expected to show continued weakness...
