EUR/JPY Prints Session Low Below 125.00 The EUR/JPY pair hit a low of 124.67 in Europe after the news of a terror attack in Brussels triggered a sell-off in EUR/USD and USD/JPY pair. Hovers above 125.00 The cross now trades around 125...
Morten Helt, Senior Analyst at Danske Bank, sees the cross slipping towards 0.7300 in a year’s view. “Given the high uncertainty surrounding the EU referendum, we see risks skewed to the upside for EUR/GBP ahead of 23 June”...
EUR/USD Now Focused on 1.1200 – UOB The research team at UOB Group has now turned its attention to a potential break below the 1.1200 key support. Key Quotes “While the price action after last Thursday’s peak of 1...
#EURUSD continued its downward retracement. At this moment the pair reached the support line of the current short-term uptrend, where the bulls may take retaliatory action. We will consider purchases from the #trend line if the corresponding signals are received from the #indicators...
Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair’s rebound could find resistance around 114.16. “USD/JPY’s daily RSI has not confirmed the new low at 110.67”...
USDX Technical Analysis for March 22, 2016 The Dollar index remains in a bearish trend since early Decemeber of 2015. Price is making lower lows and lower highs. The short-term trend remains bearish while the longer-term trend is still neutral as price is trapped inside a trading range...
Gold Technical Analysis for March 22, 2016 Gold price has broken above the short-term bearish channel. Price remains in a sideways channel and could now be starting the final move higher towards $1,300...
Analytical Review of the Currency Pair USD/JPY Technical data of the currency pair: Previous closing: 111.95; Daily range: 111.68-112.20; Opening: 111.95...
Financial markets are starting to take it seriously, and with good reason. Polls show a tightening race ahead of the referendum on June 23rd, while internet searches for “Brexit” are running slightly higher than the peak seen for “Grexit”, when Greece’s status was in jeopardy...
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. U.S...
Canada’s highly-anticipated federal budget will be unveiled on Tuesday. The BoC has placed much emphasis on fiscal policy as a necessary tool, and is counting on a combination of infrastructure spending and tax cuts, as promised by PM Trudeau, to provide a moderate boost to growth...
Atlanta Fed head #DennisLockhart surprised market participants with his comments. He said that, in his opinion, the next #Fed rate hike will take place in April. Lockhart is confident that the U.S. central bank will not deviate from the path of monetary tightening...
Technical Analysis of USD/CAD for March 22, 2016 General overview for 22/03/2016: The market had tested the weekly pivot at the level of 1.3098, but the price is still trading inside the bearish zone. The last leg of the corrective cycle in wave Z brown might have been completed at the level of 1...
The eurozone’s balance of payments (BoP) data for January is consistent with the view that eurozone investor appetite to chase higher returns in foreign debt markets will moderate in periods of risk-off, leaving the EUR supported by its large current account surplus...
Daily Analysis of Major Pairs for March 22, 2016 EUR/USD: The bullish outlook on this pair is still valid. The market could continue going upwards but there is a possibility that the bears might come in and push the price downwards. The EUR could be seen weakening versus some majors this week...
Gold Jumps 0.50% as Asian Equities Drop Gold is up 0.50% around $1250/Oz levels amid moderate losses in the European equities after though Fed officials talked up rate hike bets...
AUD/USD Regains 0.7600 and Beyond The buying interest around the Aussie dollar remains buoyant today, with AUD/USD retaking the key 0.7600 resistance and advancing to daily highs...
EUR/USD: Bullish: Above 1.1375 would open up the way for 1.1495. While the price action after last Thursday’s peak of 1.1340/45 is viewed as a short-term consolidation phase, the recent build-up in upward momentum has fizzled out quickly. Unless EUR can reclaim 1...
EUR/GBP Above 0.7800 Ahead of UK CPI EUR/GBP is trading almost unchanged today, managing to keep the trade above the key 0.7800 barrier...
