ECB May Mind Stronger Euro Less As Global Economy Slows European Central Bank (ECB) chief Mario Draghi, first verbally started attacking Euro, back in 2014, when Euro was going strong, Euro Zone economy was weak and inflation was low, by suggesting despite Euro not being a direct policy tool but...
EUR/USD Treading Water Around 1.1350, Fed Minutes Eyed The bears take a breather from their downward momentum, allowing the EUR/USD pair to consolidate the heavy losses, as market inch closer towards the FOMC minutes due later in the US session...
EUR/JPY Finds Support Near 125.00 The softer tone in the euro plus increasing demand for the Japanese currency is dragging EUR/JPY to the 125.20 area on Wednesday...
FXWIREPRO: USD/INR Bounces Above 7DMA, But Finds Resistance at 21DMA - INR Hedging Ideas for Fx Risks Technical glimpse: The breakdown in USD/INR continues with a renewed trending bias. The break out above of the resistance 66...
US Oil Breaks Major Trendline Resistance, Jump Till $38.55/$39.30 Is Possible Major resistance - $36.40 (trend line joining $39.82 and $39.01) Major support - $36 (55 day EMA) US Oil has broken major resistance $36.40 and jumped till $37.05 at the time of writing...
USD/CAD: Loonie Fails to Benefit From Oil Price Rebound The Canadian dollar continues to get hammered by its US counterpart for the fifth straight session, driving USD/CAD closer towards 1.32 barrier. USD/CAD trades well beyond 20-DMA at 1.3115 Currently, the USD/CAD pair gains 0.27% to 1...
GBP/JPY Drops to Six-Week Low GBP/JPY pair clocked a six-week low of 155.50 on Brexit fears and BOJ’s hesitation to intervene despite Yen’s winning streak. Trades below 50% Fibo The cross remains below 156.36 (50% of 2011 low-2015 high...
Technical Analysis of USD/CAD for April 6, 2016 General overview for 04/04/2016: Another higher high has been made in this market as bulls are making their way towards the important technical resistance at the level of 1.3292...
Technical Analysis of EUR/JPY for April 6, 2016 General overview for 06/04/2016: The most appropriate way to count the current wave progression is a triple zig-zag correction as the wave 2...
USD/JPY Finds Support Near 110.25, Re-Takes 110.50 The USD/JPY pair continues to move back and forth in a 25-pips narrow range so far this Wednesday, as JPY bulls continue the fight for control heading towards the FOMC minutes release...
Technical Analysis of USDX for April 6, 2016 The Dollar index continued its sideways movement with no clear direction. The trend remains bearish. Dollar bears should better wait for a bounce before selling right away. Dollar bulls should be patient as the short-term trend remains bearish...
AUD/USD Trims Gains, Returns to 0.7550 The Aussie dollar has faded its initial spike to session highs near 0.7570 vs. the greenback, with AUD/USD now re-testing the 0.7550/45 band...
FXWIREPRO: EUR/SEK Hovers Around 9.25, Good to Sell on Rallies EUR/SEK is currently trading around 9.2502 levels. It made intraday high at 9.2560 and low at 9.2371 levels. Pair fails to break key resistance at 9.2718 and supported below 9.2500 marks. Intraday bias remains bearish for the moment...
FXWIREPRO: Gold Forms Bearish Bat Pattern, Good to Sell on Rallies Harmonic Pattern Formed – Bearish Bat Pattern Potential Reversal Zone (PRZ) - $1240 The yellow metal has recovered till $1236.60 after making a low of $1214.84...
EUR/GBP Recovers Losses as Cable Sell-Off Gathers Steam EUR/GBP moved off lows to trade largely unchanged on the day 0.8040 levels as cable sell-off gathered pace pushing the pair below 1.40 handle...
GBP/USD: Bears Relentless, Cracks 1.4100 The bears continue to extend their control on the GPB/USD pair in the European session, hammering the prices below 1.41 barrier. GBP/USD drops below all major DMAs The GBP/USD pair drops -0.42% to 1.4100, hovering close to fresh session lows posted at 1...
GBP/USD Points to Further Decline – UOB According to the research team at UOB Group, the pair could face further downside in the next 1-3 weeks. Key Quotes “We have been neutral on GBP since 23 March and the recent choppy movement reinforces our view”...
USD/CAD Targets 1.34/1.35 – Westpac Strategists at Westpac have reiterated the pair could test the 1.34/1.35 band. Key Quotes “USD/CAD looks exceedingly cheap via-a-vis energy prices, the latter close to retracing about 1/2 its mid-Feb to mid-March gains while USD/CAD has barely bounced”...
EUR/CHF Offered Below 1.0971/78 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the outlook on the cross remains offered below the 1.0971/78 area...
