Intermarket Analysis: USD/CAD on the Defensive as Oil Rallies USD/CAD extended losses into a fourth consecutive day on Wednesday, striking a 5-week low sub-1.2700 with sharp oil advance as the main driver behind the move...
Gold Inter-Market: Yellow Metal Set to Extend the Ongoing Bullish Momentum After a brief pause and a minor pull back on Tuesday, Gold resumed its disappointing US NFP led rally and touched a 3-week high level of $1260...
EUR/USD Gathers Further Traction Near 1.1400 The buying interest around the shared currency is now picking up pace, pushing EUR/USD to test post-Payrolls peaks near 1.1400 the figure...
EUR/USD Rises to Session High, Still Stuck in Range Below 1.1400 As the US Dollar, measured by the US Dollar index, continues to lose ground on Wednesday, the EUR/USD pair rose to a session high level of 1.1388 before retracing few pips to currently trade at 1.1380...
CAD/JPY Trade Idea Major resistance – 84.25 (trend line joining 84.43 and 84.31) Major support – 83.60 (90 H EMA) CAD/JPY has jumped till 84.21 after making a low of 83.74 at the time of writing. It is currently trading around 84.09. On the higher side any break above trendline resistance 84...
USD/CAD Weaker, Breaches Below 1.2700 USD/CAD has intensified its downside against a backdrop of a generalized bearish sentiment surrounding the greenback. USD/CAD focus on oil Spot has retreated to 5-week lows as the selling pressure around USD remains unabated...
US Dollar Keeps Falling, Closer to 93.50 The selling pressure remains intact around the greenback when tracked by the US Dollar Index, currently grinding lower to the 93.60 area...
GBP/USD Spikes to The Vicinity of 1.4600 Handle The GBP/USD pair bulls initially seemed unimpressed with surprisingly strong manufacturing data before the pair regained its bullish momentum and spiked to a fresh session high level of 1.4595, a whisker away from 1.4600 handle...
EUR/GBP Erases Recovery Gains to 0.7840, Trading Flat Around 0.7800 The EUR/GBP cross erased all of its Wednesday's up-move and turned flat as renewed GBP buying interest emerged after surprisingly strong manufacturing and industrial production data...
NZD/USD Still Bullish, RBNZ on Focus – UOB Analysts at UOB Group have reiterated the bullish perspective for the Kiwi dollar ahead of the RBNZ decision due tomorrow. Key Quotes “Against our expectation, NZD continues to march higher despite overbought conditions...
USD/CHF Breaks Major Support 0.9628, Targets 0.9540 Major support – 0.96280 (61.8% retracement of 0.94294 and 0.99508) Major resistance -0.9660 (Support turned into resistance) USD/CHF has broken major support 0.96280 and slightly declined from that level. It is currently trading around 0.96299...
AUD/USD Sell the Rallies to 0.7480 – Westpac Strategists at Westpac have reiterated the ‘sell-on-rallies’ outlook on the Aussie dollar. Key Quotes “The RBA’s steady hand this week was no surprise but the lack of an overt easing bias was”...
Yen Demand at The Moment is as a Form of ‘Brexit’ Insurance - SocGen Kit Juckes, Research Analyst at Societe Generale, notes that Japan’s Q1 GDP was revised up to show a 1.9% annualised growth rate in Q1. Key Quotes “The same series is flat on a y/y basis so I’m not getting over-excited...
GBP/USD Negative Bias Confirmed Below 1.4285 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair needs to close below 1.4285 to confirm the negative bias. Key Quotes “GBP/USD has bounced from support but remains below initial resistance at 1.4665...
USD/JPY Struggling to Build On to Its Recovery Beyond 107.00 After arresting Asian session fall to session low level of 106.72, the USD/JPY pair now seems to have stabilized and is trading in a tight range around 107.00 handle...
WTI Through $51.00, Fresh 2016 Tops The barrel of West Texas Intermediate is extending its rally today, currently surpassing the key $51.00 mark...
USD/CHF Slips for Fourth Straight Day, Might Hold 0.9600 Level Disappointing May jobs report continue to weigh on the US Dollar with the USD/CHF pair dropping to monthly low level of 0.9624 despite of weaker-than-expected Swiss CPI print...
FxWirePro: DAX30 Faces Strong Resistance at 10500, Good to Sell on Rallies Major resistance – 10450-10500 (161.8% retracement of 10285 and 10038 and Apr 21st high) Major support – 10000 (90 day EMA) DAX has jumped till 10317 yesterday after making a low of 10038 on 3rd Jun 2016...
Chinese Imports Jump Lifting AUD and NZD Market Drivers June 8, 2016 Chinese exports rise boosting commdollars UK MP/IP beats Nikkei 0.93% Dax -0.46...