AUD/JPY Under Pressure, Risk-off Weighs Charles St-Arnaud, Research Analyst at Nomura, suggests that a recovery in the manufacturing sector and in most sectors has pushed the Canadian growth higher. Key Quotes “Monthly GDP increased by 0...
FXWIREPRO: AUD/USD Breaks Strong Trendline Support, Good to Go Short AUD/USD was dragged down by risk-aversion in early Asian session, the pair slipped from day's highs at 0.77 to hit lows of 0.7647...
Australian Dollar Falls Against Most Majors The Australian dollar weakened against most major currencies in the Asian session on Friday. The Australian dollar fell to 85.78 against the yen, from yesterday's closing value of 86.17. Against the euro and the U.S. dollar, the aussie dropped to 1...
EURUSD Daily Forecast: April 01 2016 EURUSD Forecast The EURUSD continued its bullish momentum yesterday topped at 1.1411. The bias remains bullish in nearest term testing 1.1450 – 1.1500 region which remains a good place to sell. Immediate support is seen around 1.1365...
I sat down this morning thinking that I’d write some sort of April fools joke type piece saying that the Fed had raised rates in an ad-hoc meeting in a New York City bunker overnight, but I quickly decided against it to avoid being sued… April Fools Day or not, today is also NFP Friday...
Two of the world’s largest money managers are divided about where the dollar goes from here after the greenback’s worst quarter in more than five years. The BlackRock Investment Institute says there’s room for the U.S...
GBPUSD Daily Forecast: April 01 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday. Price attempted to push higher, slipped above 1.4400 but again, failed to stay consistently above 1.4400. The bias remains bearish in nearest term testing 1.4280 – 1.4200 region...
USDJPY Daily Forecast: April 01 2016 USDJPY Forecast The USDJPY had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 111.50 region. Immediate resistance remains around 112.80...
USDCHF Daily Forecast: April 01 2016 USDCHF Forecast The USDCHF attempted to push lower yesterday bottomed at 0.9571 but closed a little bit higher at 0.9614. The bias is bearish in nearest term especially if price able to make a clear break below 0.9570 testing 0.9500 or lower...
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The following are the latest technical setups for USD/JPY, GBP/USD, USD/CHF, EUR/CHF, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. USD/JPY: Yesterday’s low close endorses the prior key reversal day and our bearish view...
In respect of todays key data from China, analysts at TD Securities explained that the market does expect a bounce in the official manufacturing PMI to (a still contractionary) 49.4 for March. "Finally, we’ll also get the Caixin read for March which is expected to bounce to 48...
Valeria Bednarik, chief analyst at FXStreet explained that the EUR/JPY pair extended its rally beyond the 128.00 level and holds above the critical level ahead of Friday's Asian opening, with increasing EUR demand taking the pair to its highest in 7 weeks...
The Canadian economy expanded in January by 0.6 percent doubling economists expectations. This is the strongest monthly GDP figure since the price of oil was above $100 in July 2013...
Analysts at TD Securities reminds us of the big data ahead, besides tomorrow's nonfarm payrolls that is, we have China’s March PMIs coming up tonight...
According to the institute of statistics, Argentinean GDP grew at a rate of 0.8% during the fourth quarter and 2.1% in 2015. Analysts from Wells Fargo warned that results are very preliminary, subject to revisions and expect the economy to improve during 2016. “With a preliminary reading of 0...
In respect of a Brexit, analysts at Bank of Tokyo Mitsubishi explained that, indeed, the advance of the pound is very much a US dollar story...
The New Zealand dollar continues to be 'leader of the FX pack', as it matches the February lows versus sterling and pushes higher against other counterparts, especially the dollar. The GBP/NZD pair has continued falling in line with the longer-term down-trend, as expected...
