FxWirePro: USD/SGD Hovers Around Key Resistance at 1.3628, Retail Sales Data Eye USD/SGD is currently trading around 1.3617 marks. It made intraday high at 1.3657 and low at 1.3611 levels. Intraday bias remains neutral till the time pair holds initial resistance at 1.3628 levels...
FxWirePro: AUD/JPY Edges Lower from Session Highs at 84.77, Further Upside AUD/JPY hit fresh nine-day highs of 84.77, and there is scope for test of 85 levels. Upside in the pair gathered significant pace after release of RBA’s Financial Stability Review (FSR...
EUR/USD Consolidating the Downside, Around 1.1260 The EUR/USD pair is seen moving back and forth in a 20-pips tight range in the Asian trades so far, keeping range near fresh two-week lows reached the day earlier. EUR/USD downside capped by 1.1250 Currently, EUR/USD trades modestly flat at 1...
NZD/USD Takes Flight Towards 0.6900, China Data Underpins The NZD/USD pair rebounded in the Asian session, bringing an end to its two consecutive sessions of declines and now approaches 0.6900 levels. NZD/USD supported at 0.6850 Currently, the NZD/USD pair jumps 0.47% to 0...
Having bottomed at the daily pivot at 0.7683 in the last hour, the AUD/USD pair is seen hovering at session tops following the Chinese economic releases. AUD/USD keeps 0.77 handle post-China data dump Currently, the AUD/USD pair rises 0.25% to fresh session highs at 0...
Gold Capped Below 5-DMA in Asia, Set for Weekly Drop Gold stalled its selling spiral in the Asian trades this Friday, although remains poised to book first weekly loss in three weeks as broad based US dollar advance continues to weigh on the metal...
ASX200 Trades Well Above 5100, Jump Till 5200 Is Possible Major resistance - 5130 ASX200 has broken major resistance 5130 and jumped till 5144 at the time of writing. It is currently trading at 5143. Short term trend is slightly bullish as long as support 5065 holds...
FxWirePro: Nikkei 225 Faces Resistance at 17000, Good to Buy at Dips Major resistance - 17000 The index has jumped till 16913 and slightly declining from that level. It is currently trading around 16840.Short term trend is slightly bullish as long as support 16275 (55 4H EMA) holds...
FxWirePro: USD/KRW Fails to Find Support Above 1153, Intraday Bias Remains Neutral USD/KRW is currently trading around 1150 levels. It made intraday high at 1154 and low at 1150 levels. Intraday bias remains neutral for the moment...
USD/JPY Making Headway Towards 110.00 The USD/JPY pair caught fresh bid tone in the Asian session this session and resumed its upward trajectory, now printing fresh weekly highs. USD/JPY finds support ahead of daily pivot at 109...
AUD/USD Prints Fresh Highs Above 0.7700 on Chinese Data Having bottomed at the daily pivot at 0.7683 in the last hour, the AUD/USD pair is seen hovering at session tops following the Chinese economic releases. AUD/USD keeps 0.77 handle post-China data dump Currently, the AUD/USD pair rises 0...
Expectations heading into Sunday's meeting of OPEC and non-OPEC members in Doha, Qatar, have served to propel oil prices higher, with West Texas Intermediate and Brent crude posting new 2016 highs this week...
Fed's Lockhart weakened the dollar a bit. He actually spoke like a Fed official who is data dependent (just like they said they would be) - citing 1Q GDP that is soft. Some of the other Fed officials say "data dependent" but then argue for higher rates or say April meeting is "live...
Analysts from Lloyds Bank, favor a stabilization in theGBP/USD pair over the near term and they expect it to rise toward fair value around 1.47 by end-2016. “We forecast GBP/USD to move back towards fair value, around 1.47, by end-2016” “Having briefly fallen below 1...
Since the Fed divergence story began, the USD has become positively correlated to risk. However, we think the USD could start behaving like a ‘safe haven’ again due to the recent dovish turn in FOMC rhetoric...
The only thing worse for longs than a rising wedge is an upward sloping flag. Don’t get me wrong. Ascending and descending channels form all the time in trending markets...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: The break below 1.1310, the 21-dma, encourages our bearish view towards initial targets near 1.1210 and then the 1...
The euro’s attempt to break higher against the US dollar following the more dovish policy signal form the Fed has failed in the near-term, notes BTMU. "As a result EUR/USD continues to remain range bound...
There are three reasons why the recent JPY uptrend may be turning: FX valuation, BoJ QE3 and FX flows. Here, we focus on the first two factors while FX flows will be discussed in a subsequent report. The latest JPY rally partly reflected excessive undervaluation fears...
