Oil sharply down on the highs seen Friday, with WTI shedding $2.5 from the $41.20 peak seen. This has seen USD/CAD turn higher again, and after extending the recent lows to 1.2919, we are now in the upper 1.3000’s and threatening a move through 1.3100 and onto the highs from Thursday...
USD/CHF Potential Visit to 0.9799 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a bounce towards the 0.9800 handle. Key Quotes “USD/CHF last week sold off towards the 2015-2016 uptrend at .9635”...
EUR/USD Dips Below Confluence of Fibo Support The common currency is losing grounds amid flat action in the European equities, with EUR/USD pair now trading below the confluence of Fibo level - 1.1257 (61.8% of 1.1714-1.0517) + 1.1253 (100% Fibo of 1.0517-1.1060-1.0711). Offered at 1...
GBP/USD Weaker, Wobbles Around 1.4400 The sterling is losing the grip at the beginning of the week, now sending GBP/USD to the lower end of the range around the 1.4400 handle. GBP/USD gains capped around 1.4500 After reaching fresh highs above the 1...
ECB governing council member Francois Villeroy de Galhau assured markets today the bank is ready to act with right instruments to meet the inflation target, but maintained there is a limit to how low negative rates can go...
Cristian Maggio, Head of Emerging Markets Strategy at TDS, suggests that they have taken an extra day and several deep breaths to assess the longer-term implications of last Wednesday’s FOMC...
Kristoffer Lomholt, Analyst at Danske Bank, sees NOK appreciating further in the second half of the year...
Kristoffer Lomholt, Analyst at Danske Bank, sees NOK appreciating further in the second half of the year...
More 2 way trade in the key USD rates this morning, as London markets are now in full swing. We saw GBP and the commodity currencies coming under attack first thing, but some moderation now in play with AUD/USD back above .7600 and Cable through 1.4400 again...
Russian Rouble Fails to fall Below Key Support at 67.42, Good to Buy on Dips USD/RUB is currently trading around 68.7198 levels. It made intraday high at 69.2450 and low at 67.5951 levels. Intraday bias remains bullish till the time pair holds key support at 67.2782 levels...
USDX Technical Analysis for March 21, 2016 The Dollar index remains in a bearish trend. Price is heading towards the 94-93.50 area. The price formation looks like an important top was formed. The trend resistance is very important at 98.50 and at 97.60...
AUD/USD has been charging aggressively higher since the open of London, initially dipping sub 0.7575 to grab some liquidity and trap some sellers, only to reverse the momentum for what has been, so far, a nearly half a cent run to the upside, touching its highest at 0.7625...
Gold Technical Analysis for March 21, 2016 Gold price remains in a short-term bearish trend and is making lower lows and lower highs. Price remains inside the sideways channel and as long as we remain above $1,220 there are still chances of a new high towards $1,300...
Technical Analysis of USD/CHF for March 21, 2016 USD/CHF is expected to trade in a lower range as key resistance is set at 0.9745. The pair remains weak below 0.9745, which acts as strong resistance. The relative strength index is above its neutrality area at 50, but lacks upward momentum...
Technical Analysis of NZD/USD for March 21, 2016 NZD/USD is expected to trade in a bearish bias. The pair is in consolidation now after the recent rallies. The relative strength index is mixed, calling for caution...
Technical Analysis of GBP/JPY for March 21, 2016 GBP/JPY is expected to trade in a higher range as a bias remains bullish. The pair stands firmly above its nearest support at 160, and is likely to challenge its nearest resistance at 161.85. The relative strength index lacks downward momentum...
Over recent weeks, US inflation expectations have improved markedly, with the 2-year, 5-year and 10-year breakeven rates as derived via TIPS now all trading above 1.5%Y...
Technical Analysis of USD/CAD for March 21, 2016 General overview for 21/03/2016: The last leg of the corrective cycle in wave Z brown might have been completed at the level of 1.2924, but the market is still trading inside the bearish zone...
Technical Analysis of EUR/JPY for March 21, 2016 General overview for 21/03/2016: The market is still trading inside the neutral zone and the congestion zone is getting tighter and tighter...
