EUR/JPY: Upside Remains Capped by 124.90 The bulls are seen struggling to keep the bids as progress towards the European open, with EUR/JPY failing yet again to take out the strong resistance at 124.90. EUR/JPY flat-lined below 123.70 The EUR/JPY pair trades modestly flat at 124...
NZD/USD Recovers Losses, but RBNZ Rate Cut Caps Gains The selling interest in the NZD ran out of team, helping the NZD/USD pair recover losses, but the gains are hard to come on account of RBNZ’s dovish stance. Trades above 200-DMA The spot recovered from the Asian session low of 0...
EUR/USD Waits for Draghi Around 1.0970 EUR/USD has quickly faded yesterday’s bullish attempt to the 1.1040 region, returning to the comfort zone around 1.0970 ahead of the ECB event. EUR/USD looks to Draghi for direction It’s all about the ECB today...
NZ Dollar Extends Slide On Surprise RBNZ Rate Cut The New Zealand dollar weakened against the other major currencies in the Asian session on Thursday after the Reserve Bank of New Zealand lowered its Official Cash Rate to a fresh record low and signaled further easing...
GBP/USD Comatose Around 1.42, Investors Await ECB Rate Decision The GBP/USD pair is trading in the sideways manner around 1.42 handle as investors prefer to be on the sidelines ahead of ECB rate decision due later today. Will he or Won’t he...
FXWIREPRO: New Zealand Dollar Breaks All Key Resistances Against Aussie After Surprise Rate Cut by Rbnz Pair is currently trading at 1.1277 levels. It made intraday high at 1.1282 and low at 1.1224 levels. Intraday bias remains bullish for the moment...
FXWIREPRO: Buy USD/JPY Breakout Above 113.80, Target 114.25 Markets likely calmed by higher than expected Chinese CPI figures, risk-on back. USD/JPY rallied to hit session highs at 113.80, but upside likely struggling at strong trendline resistance (113.80...
EUR/USD: Bears Back in Charge Below 1.1000, ECB in Focus The EUR/USD’s recovery beyond 1.10 handle once again fizzled in early trades, and the prices reverted in the negative territory below the last. EUR/USD languishes near lows Currently, EUR/USD drops -0.20% to 1...
AUD/USD Bulls Relieved on China Data AUD/USD is little changed on the release of the Chinese CPI and PPI data and the bulls can relax. Chinese producer price index y/y for Feb came in line with expectations of -4.9% vs -5.3% prior. The consumer price index mom for Feb beat expectations of 1...
USD/JPY Recovery Stalls Near 113.70 Post-China CPI A fresh spurt of buying interest gripped the USD/JPY pair over the last hour, after markets were relieved somewhat after the Chinese CPI figures unexpectedly rose in Feb...
USD/JPY: Go Long on Dips to 112.00 – Westpac Occasional dips towards the 112.00 area in USD/JPY are considered as buying opportunities, according to strategists at Westpac. Key Quotes “USD/JPY has not been able to break back above 114...
EUR/JPY Off Lows as JPY Selling Underway in NY session The offered tone around JPY gathered traction in the NY session, helping the EUR/JPY cross trim losses to trade around 123.50 levels...
EUR/USD Drops Further, Visits 1.0950 The shared currency keeps losing altitude on Wednesday, now sending EUR/USD to fresh daily troughs in the mid-1.0900s. EUR/USD cautious ahead of ECB Spot is prolonging its daily pullback from overnight tops near 1...
GBP/USD Fails to Sustain Intraday Gains, Falls Back Below 1.4200 GBP/USD advanced to daily highs during the European session following a string of mostly upbeat UK data. GBP/USD climbed to a peak of 1.4240, but failed to sustain gains and retreated to the 1...
AUD/USD in Fresh Highs Near 0.7500 The bullish momentum around the Aussie dollar remains unabated so far, now lifting AUD/USD to the boundaries of 0.7500 the figure. AUD/USD in multi-month peaks The pair continues its march north today, visiting levels last traded in July 2015 around the 0...
Yen Falls Against Majors The Japanese yen erased its early gains against its major rivals and declined in European deals on Wednesday. The yen eased to 76.31 against the kiwi, 84.41 against the aussie, 160.29 against the pound and 112.67 against the franc, from its early 6-day high of 75...
EUR/GBP: Bearish Mood Intact After Upbeat UK Data The EUR/GBP pair is looking to extend losses after the data in the UK showed manufacturing output improved higher than estimates in January. Eyes 0.77 handle The cross appears on track to test psychological support level of 0.77...
GBP/USD Advances Above 1.4200 Post-UK Data The sterling has now recovered the smile after mixed UK releases, lifting GBP/USD to test session highs near 1.4240. GBP/USD keeps 1.4200 on data Spot is now extending its bounce off session lows in the 1...
GBP/JPY Retakes 160.00 Handle Ahead of UK Data The buying interest in Sterling spiked ahead of the UK data release, pushing the GBP/JPY pair back above 160.00 levels. Trades positive on the day The cross now trades moderately positive on the day near 160.20 levels...
