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On Thursday, #NZDUSD and #AUDUSD fell to their 1-week lows against the U.S. dollar, despite a positive fundamental background. The U.S. dollar received significant support after several #Fed officials had mentioned the possibility of the rate hike in April...
The sequence of volatile market reactions to central bank policy easing initiated by the BOJ and furthered by ECB had an eventful third round last week, as the Fed’s unexpected dovish shift caused a sharp retrenchment in long USD positions...
The latest strong signals from BNP Paribas Momentum Model are short GBP/AUD, and long AUD/NOK. *BNP Paribas (French pronunciation: [be ɛn pe paʁibɑ]) is a French multinational bank and financial services company with global headquarters in Paris...
U.S. Dollar Advances Against Majors The U.S. dollar gathered momentum against its major rivals in early European deals on Thursday. The greenback climbed to 8-day highs of 1.1157 against the euro, 112.97 against the yen, 1.4073 versus the pound, 0.7478 against the aussie, 0...
Finland PPI Falls At Faster Rate In February Finland's producer prices decreased at a faster pace in February, figures from Statistics Finland showed Thursday. The producer price index for manufactured products fell 4.1 percent year-over-year in February, much faster than the 2...
German Consumer Confidence Set To Weaken In April German consumer confidence is set to fall in April on global risks, survey data from GfK showed Thursday. The forward-looking consumer sentiment index dropped to 9.4 from 9.5 points in March. It was forecast to remain unchanged at 9.5...
German Import Prices Decline Most Since 2009 Germany's import prices decreased at the fastest rate in more than six years during February, as lower energy prices continued to dampen inflationary pressures, preliminary data from Destatis showed Thursday. The import price index dropped 5...
DXY Seen Gathering Traction – Westpac Strategist at Westpac Richard Franulovich has assessed the likeliness of further appreciation of the greenback in the next weeks. Key Quotes “Conditions slowly becoming propitious once again for a decent multi-day USD bounce”...
GBP/USD Trades Below 1.41 Ahead of UK Data GBP/USD stays on the back foot below 1.41 handle with traders awaiting UK retail sales data release followed by US durable goods orders release in the US session...
EUR/USD forecast: Focus on US Releases – Commerzbank and UOB EUR/USD continues to grind lower during the second half of the week, testing the area of 1.1160 amidst a strong demand for the US dollar...
EUR/USD Slips Further to 1.1160 The offered tone is now picking up pace around the single currency, dragging EUR/USD to test fresh lows in the 1.1165/60 band...
EUR/AUD: Deeper Decline Towards 1.3718/1.3675 Eyed - SocGen The FX Technical Analysis Team at Societe Generale suspects a possible double top in EUR/AUD, with an initial target of 1.3718/1.3675 a possibility ahead of longer term 1.27/1.25...
GBP: Cable’s Relief Rally Looks Over - TDS According to Ned Rumpeltin, European Head of FX Strategy at TDS, GBP/USD looks set to test the year’s lows at 1.3836, with a break below exposing the 2009 base at 1.3503...
AUD/USD Weaker, Breaks Below 0.7500 The Aussie dollar is extending its bearish sentiment today, dragging AUD/USD back to sub-0.7500 levels. AUD/USD lower on USD-buying Spot is retreating for the second consecutive session so far, opening the door for a test of the 0...
GBP/USD: Downside Target Remains 1.3502 - Comerzbank Axel Rudolph, Analyst at Commerzbank, as part of his daily trade recommendation, suggests to attempt tiny shorts in GBP/USD at 1.4420, 1.4500 stop 1.4570, exit 1.4320. His downside target remains at 1.3502 2009 low...
Technical Analysis of Silver for March 24, 2016 Technical outlook and chart setups: Silver has dropped and almost hit the first estimated target at $15.00 levels as discussed yesterday. The metal is trading at $15.27 levels for now, looking to form intermediary lows at $14.90/15...
Technical Analysis of Gold for March 24, 2016 Technical outlook and chart setups: Gold has dropped lower as discussed and expected, and is trading at $1,218.00 levels at the moment. The yellow metal may produce intraday rallies but those should remain well capped below $1,230.00/35.00 levels...
Technical Analysis of EUR/JPY for March 24, 2016 General overview for 24/03/2016: After completing the corrective structure in wave (ii), the market stalled just below the intraday resistance at the level of 126.25...
Technical Analysis of USD/CAD for March 24, 2016 General overview for 24/03/2016: The market has broken above the intraday resistance at the level of 1.3167 in an impulsive fashion and is currently trading inside of the neutral zone...
