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A fairly quiet session overall, but notable for some USD claw-backs after last week’s FOMC induced sell off. Sharp gains were seen in Cable at the time, but since tipping 1.4500, the pair has been looking pretty heavy, and after the IDS resignation over the weekend, sellers have been out in force...
XAU/USD: Near Resistance Level of 1258.00 On the weekly chart the pair XAU/USD has rebounded from strong resistance level of 1258.00 (ЕМА200) and is going down to support level of 1238.00 (ЕМА144). The indicators OsMA and Stochastic are reversing towards the short positions...
Pessimism over the divergence trade is compounded by worries that the February G20 meeting may have seen a behind-the-scenes agreement for the ECB and BoJ to desist from policies that could push the Dollar stronger...
XAU/USD: will the Price of Gold Reaches the Level of 1300 USD per Ounce? Despite the decline in the price of gold in the last three days, market participants believe the gold will resume growth and by the end of this year the price can reach the level of 1300 USD per ounce...
Analysts at BNP Paribas explained French growth should accelerate very mildly. "French growth should accelerate very mildly.to an average annual rate of 1.2% in 2016 and 1.3% in 2017 (after 1...
FXWIREPRO: EUR/USD Gains Some Upside Momentum But Outlook Strongly Bearish EUR has made short squeeze against US dollar by hitting high at 1.1263 after negative Existing Home Sales. However, the gains should be limited around 1.1280 as the resistance level at 1...
Brexit Uncertainties Unlikely to Cause Sharp Sell-Off in Cee Assets While Emerging Markets in 3Q15 recorded the strongest portfolio capital outflows since 2008, CEE managed to avoid heavy sell-offs...
EUR/USD: Stochastic is Leaving Overbought Zone Following the US Fed decision on 16 March, the pair EUR/USD has grown over 200 points, exceeding Fibonacci retracement of 23.6% to the last wave of decline with the highs of 2014 crossing the level of 1.1285, over 60 points...
Amid the post-FOMC sell-off in USD, the 111-114 range in USDJPY was finally broken to the downside before settling back above 111, notes Barclays Capital...
EUR/USD: in the Zone of Local Extremums It seems that participants of the financial markets have been puzzled by the decisions of the US Fed and some other central banks...
AUD/USD is tucked in below the 0.76 handle after a descent that left the Aussie under scrutiny at the start of this week. Time to get of the recovery train? The week ahead has little on the cards (Key events in U.S...
U.S. Existing Home Sales Pull Back Much More Than Expected In February After reaching their highest annual rate in six months in January, existing home sales in the U.S...
WTI Survives Above $41.00 Crude oil prices have managed to leave behind the initial offered tone, recovering the area of highs above the $41.00 mark...
FXWIREPRO: USD/CAD Regains Upward Movement After Oil Rebound Fades The USD/CAD surged higher on Monday, as oil prices declined towards 41.16 $ per barrel...
The past few weeks has been a considerably strong week for the EURUSD due to the the weakening US Dollar. The pairing managed to push to the 1.134 mark which sits on a declining resistance line...
UniCredit provide four reasons why they believe the USD will struggle in 2016. But others remind us why they are forecasting a notably stronger dollar over coming months...
Very little momentum in the market today, though we have seen some potential signs in the market that the USD could recover a little near term. USD/JPY and EUR/USD are moving in a tight (negative) correlation, and though no aggressive direction of note here...
The range-bound EUR/USD continues to have a bias towards further upside as euro proves more resilient than expected. The EUR/USD exchange rate continues trading in a sideways range which has highs at roughly 1.15 and lows at 1.05...
