NZD/USD: Scope for a Decline to 0.65 in 3 Months - Rabobank According to analysts from Rabobank, the current environment in New Zealand could lead to a signal that the Reserve Bank of New Zealand (RBNZ) could cut rates again opening the doors for a decline in the NZD/USD pair to 0...
FxWirePro: USD/CAD Loses Momentum But Outlook Is Bullish The USD/CAD pair retreated back slightly on Tuesday as oil prices rebounded towards 44$ per barrel as attention turned to when production will be brought back in line in Canada’s oil sands region...
USD/RUB Has Been Sidelined From a technical perspective the outlook for USD/RUB is probably no worse than neutral...
AUD/USD Recovers After 5-Day Decline AUD/USD is rising on Tuesday, at a modest pace and still hold below Monday’s highs. The pair rose during the Asian session and peaked on European hours at 0.7372. Afterward, it pulled back to 0...
GBP/USD Challenges Highs Near 1.4460 The sterling is now retesting the area of daily highs vs. the greenback, sending GBP/USD to the 1.4450/60 band...
FxWirePro: AUD/USD Fails to Break Resistance at 0.7373, Bearish in the Short Term The AUD/USD inched higher in the European session despite disappointing Chinese inflation figures,but found renewed bearish momentum after failing to break resistance level at 0.7373...
USD/NOK Stages Crushing Decline The 1-hour USD/NOK MACD series is sitting at extreme lows. Recent plummeting USD/NOK price action has been highlighted by an above-average distance between MACD and its signal line...
EUR/USD Turns Intraday Positive EUR/USD has managed to erase intraday losses at the beginning of the New York session, after finding support at the 20-day SMA. EUR/USD hit a fresh 2-week low of 1...
USD/CAD Drops to Session Low as Oil Recovery Gains Momentum The Canadian Dollar gained traction during early NY trading session, dragging the USD/CAD pair to session low of 1.2920, as crude oil prices recovery to move back above $44.00/barrel mark...
USD/CAD Bullish Short-Term – Scotiabank FX Strategist at Scotiabank Eric Theoret has reiterated the bullish outlook for the pair is the near term. Key Quotes “Trend signals are shifting, providing confirmation to the bullish momentum indicators”...
NZD/USD Drops to Two-Month Low, Eyeing RBNZ Report for Further Direction The NZD/USD pair dropped to a fresh two-month low level of 0.6716 before retracing few pips to currently trade at 0.6727 level...
U.S. Government Bonds Flat in Quiet Trade The U.S. government bonds were trading nearly flat on Tuesday amid subdued trade with investors seeking riskier assets. The yield on the benchmark 10-year Treasury note which moves inversely to its price stood flat at 1...
Gold Upside Seems Capped Near $1270 Gold seems to consolidate below $1270 level after registering a steep fall on Monday and is currently trading near 2-week low...
US Dollar Keeps Highs Near 94.30 The greenback, tracked by the US Dollar Index, is extending its upside momentum today and is now hovering over highs around 94.30...
GBP/USD Holds Onto Daily Gains GBP/USD is trading firmer on Tuesday, supported by positive sentiment across financial markets and better-than-expected UK trade readings. GBP/USD climbed to a daily peak of 1.4465 but found resistance and retreated. However, the pullback was contained by the 1...
EUR/GBP Drops Back to 0.7870 Confluence Support The EUR/GBP pair remains intact within a broad trading range but is now heading towards session low level of 0.7870, the lower end of the range. The pair has been oscillating within a broad trading range with 50-day SMA (near 0...
GBP/USD Bulls are Losing Their Breath The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar...
NZD/USD Outlook Shifted to Bearish – UOB The perspective for the Kiwi dollar has now shifted to the bearish side from neutral, suggested the research team at UOB Group. Key Quotes “The ease of which the strong support at 0...
