AUD/USD Rallies Could Struggle Near 0.7350 – Westpac Strategist at Westpac Sean Callow sees bullish attempts in the Aussie dollar to remain somewhat capped in the mid-0.7300s. Key Quotes “May was AUD/USD’s weakest month (-4...
US Dollar Turns Positive Near 95.50 The greenback, tracked by the US Dollar Index, has reverted the initial bearish tone and is now testing the positive territory in the 95.45/50 band. US Dollar rebounds from 95.15 After bottoming out in the 95...
EUR/USD Turns Volatile, Drops to Session Low 1.1160 as Draghi Disappoints As the ECB press conference got underway the EUR/USD pair turned volatile, initially jumped to the vicinity of session high but faded the spike and touched a fresh session low of 1.1160...
EUR/USD: Draghi Disappoints, EUR Still Mute EUR/USD Current Price: 1.1181 The dollar got a short lived boost from Mario Draghi, as the ECB's head left the economic policy unchanged, as expected, whilst made the poorest upward revision ever for inflation, lifting expectations for this 2016 to 0...
EUR/GBP Keeps Lows Near 0.7750 EUR/GBP’s price action remains depressed on Thursday following the press conference by President M.Draghi. EUR/GBP gains capped near 0...
USD/CHF Trades Weak on Brexit Fears, Decline Till 0.9660 Is Possible Swiss franc has gained significantly after Brexit fears looms. It has recovered after making a low of 0.99510 yesterday...
FxWirePro: Copper Forms Bullish Gartley Pattern, Good to Buy at Dips Harmonic Pattern- Bullish Gartley Pattern Potential Reversal Zone (PRZ) – 2.020 Copper is expected to complete its Bullish Gartley pattern at 2.020 level. The commodity has declined till 2.037 and slightly jumped from that level...
GBP/USD is at Critical Support In the wake of major economic releases today, we can see that the GBP/USD pair is very close to critical support. Maybe it is time for a retracement. Current price action suggest a possible retracement towards 1.4540-50 zone (POC). 1...
GBP/USD Surges to Fresh Session High Just to Retrace Back to 1.4450 The GBP/USD pair surged to a fresh session high of 1.4472 but retraced few pips to currently trade around 1.4450 after two US labor market indicators came-in-line with estimates...
USD/JPY Sidelined Near 109.00 Post-ADP USD/JPY remains entrenched in the red territory today, bouncing off lows near 108.80 and looking to stabilized in the 109.00 neighbourhood...
EUR/USD: Trading the US Non-Farm Payrolls US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar...
AUD/USD On the Verge of Breaking Below 0.7200 After ADP Report Extending its reversal from the very important 200-day SMA, the AUD/USD pair has now dropped to session low after the release of ADP report on the US private sector employment...
USD/CAD Sell the Upticks to 1.32-1.33 – Westpac In view of Richard Franulovich, Strategist at Westpac, bullish attempts in the pair to the 1.32-1.33 area could be regarded as selling opportunities. Key Quotes “USD/CAD admittedly looks like it’s building a solid beach-head above 1...
EUR/USD Focus on Draghi, Supported at 1.10/1.11 – Westpac According to Strategist Richard Franulovich at Westpac, the pair could find a base in the 1.10/1.11 area, while the immediate risk remains Draghi’s presser today. Key Quotes “EUR likely to fi nd a base into 1.10-1...
EUR/GBP Drops to Session Low of 0.7740 After ECB Stands Pat The EUR/GBP pair dropped below 0.7750 level but held steady, trading with marginal loss at 0.7740 after the ECB left its main interest rate unchanged at 0.0...
EUR/USD Tests 1.1180 on Steady ECB The shared currency lost some pips following the ECB rate decision today, with EUR/USD orbiting around the 1.1190/80 band...
AUDUSD. The pair was seen reversing its Wednesday losses during Thursday trading session today. This development has left AUDUSD targeting further downside pressure. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level...
Three Decade Old Trend Line Threatens Dollar's Advance The bulls planning to push Dollar higher in the wake of higher possibility that U.S. Federal Reserve will hike rates once more this summer and once again by the end of the year, should take a look at the Dollar chart over longer horizon...
GBP/USD Door Open for a Test of 1.4330 – UOB The research team at UOB Group have suggested GBP/USD could re-test the area of 1.4330 in the next 1-3 weeks. Key Quotes “The anticipated GBP weakness exceeded our expectation by taking out the major 1.4400 support (low of 1.4385)”...
