GBP/USD: Offered Near 1.4225, Attacks 1.4200 The GBP bulls once again lost control as we progress towards the European open, now pushing GBP/USD back towards 1.42 handle. GBP/USD drops from stiff resistance near 1.4225 region The GBP/USD pair trades -0.12% lower at 1.4209, heading for a test of 1...
All the Asian markets are trading on a positive note on Monday after US released positive NFP results but on the other hand, unemployment rate rose to 5.0% vs 4.9% previous release. Gold remains well supported below $1222 and trading around $1217 marks...
USD/CAD Catches Fresh Bid, Hits Fresh Highs Above 1.3050 USD/CAD’s recovery gathered pace over the last hour, taking the prices beyond the mid-point of 1.30 handle as the USD bulls fight back control somewhat amid tumbling oil prices. USD/CAD holds above 1...
PBoC for the first time disclosed its short foreign-currency positions in forwards and futures. As of end-February, it held USD28.9bn of such positions with commercial lenders and USD2.4bn worth of total long positions...
Bank of Japan's quarterly Tankan report released on Friday showed the headline index for big manufacturers' sentiment in March stood at plus 6, down from up 12 seen three months ago as compared with the median estimate of +8 in a Reuters poll of economists...
Technical Analysis of USD/CAD for April 4, 2016 General overview for 04/04/2016: A new local high has been made at the level of 1.3146, but the bulls weren't strong enough to clearly break out above the neutral zone. Currently, the market trades inside of the neutral zone between the levels of 1...
Technical Analysis of NZD/USD for April 04, 2016 USD/CHF is expected to trade in a lower range as key resistance is at 0.9625. After the failure to break above the nearest resistance at 0.9625, the pair is now under pressure, and is expected to challenge its next support level at 0.9555...
Technical Analysis of GBP/JPY for April 04, 2016 GBP/JPY is expected to trade in a lower range as the pair is under pressure. The pair is turning down following a double top pattern, and is expected to post further decline...
Elliott Wave Analysis of EUR/NZD for April 4 - 2016 Wave summary: We have seen the expected break above minor resistance at 1.6508 indicating that a low was seen at 1.6223. Now we only need a break above resistance at 1.6725 to confirm that wave [iii] of iii is developing...
Elliott Wave Analysis of EUR/JPY for April 4 - 2016 Wave summary: The corrective rally in wave iv seems to have ended prematurely at 128.22. The break below minor support at 126.94 does suggest this is indeed the case and that the final decline in wave v lower to 117.38 is now developing...
Technical Analysis of EUR/USD for April 04, 2016 When the European market opens, some economic news will be released such as the PPI m/m, Unemployment Rate, Sentix Investor Confidence, Spanish Unemployment Change...
Technical Analysis of USD/JPY for April 04, 2016 In Asia, Japan will release the Monetary Base y/y and the US will release some economic data such as the Labor Market Conditions Index m/m and Factory Orders m/m...
Daily Analysis of Major Pairs for April 4, 2016 EUR/USD: This pair moved upwards by roughly 300 pips last week, but the bulls met a strong opposition around the resistance line at 1.1400...
Gold Re-Tests 50-DMA, Greece is Back in News Gold found support at 50-DMA of $1215 levels in Asia as treasury yields in the US fell, tracking weakness in the Asian equities...
USD/JPY Softer, Testing Lows Near 111.30 The Japanese yen is extending its gains vs. the greenback on Monday, dragging USD/JPY to test session lows in the 111.30 area...
What important events await us this week? The #Fed rate increase does not leave the agenda. The market will wait for FOMC members comments, Yellen's speech and minutes of the Fed March meeting. Find out more by checking out the Source Link...
Solid report that had some mixed results in the details but overall was in line with expectations...
EUR/USD Testing Lows Near 1.1385 in Early Europe The EUR/USD pair failed to resist above 1.14 barrier in early Asia, and from there extends its bearish bias heading towards the European session amid as dust settles over the US jobs data. EUR/USD supported above 5-DMA at 1...
RBA to Remain on Hold as Downside Risks Ease - ANZ Research Team at ANZ, had revised their rate profile and now expect the RBA to remain on hold at 2% this year and next...
