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GBP/USD Advances to Highs Near 1.4450 The sterling has left the area of session lows near 1.4350 and is now lifting GBP/USD aback above the 1.4400 handle. GBP/USD bounces off 1.4350 Spot has regained over a cent since earlier lows in the mid-1.4300s, managing to retake the 1...
EUR/USD Testing Highs Near 1.1360 on EMU Data The recovery in the EUR/USD pair stalled near 1.1365 region over the last hour, and the major now consolidates in a narrow range, finding support from upbeat Eurozone datasets. EUR/USD struggling to regain 1.1370 Currently, EUR/USD trades -0...
USD/CAD Reversing Early Gains, Dips Back Below 1.2950 After falling to 50-day SMA last Friday, the USD/CAD pair attempted a bounce back to 1.2983 before retracing back to currently trade below the mid-point of 1.2900-1.3000 handle. The pair on Friday nose-dived to 1...
Trading Anything UK-Related a Difficult Proposition Right Now - Dukascopy Bank Paul Rosenberg, Market Analyst at www.economiccalendar.com, on EUR/GBP The British Pound has fallen below the 1...
NZD/USD Off Session Low but Still Weak at 0.6930 The NZD/USD pair has managed to recover from an early dip to 0.6900 handle to currently trade near 0.6930 amid thin liquidity on the back of New-Zealand bank holiday in observance of the Queen’s Birthday...
FxWirePro: USD/CNY Falls Below 6.56 Mark, Faces Major Support at 6.5510 USD/CNY is currently trading around 6.5572 marks. It made intraday high at 6.5854 and low at 6.5595 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.5723 levels. A sustained close above 6...
The main event for today will be comments from Fed Chair Yellen, who will be discussing the economic outlook and monetary policy at the World Affairs Council of Philadelphia’s luncheon. As always on Mondays kick start the week with my prepared currency update below...
FxWirePro: BTC/USD Faces Strong Resistance at $600, Good to Buy at Dips BTC/USD is trading stronger and jumped till $588 on Friday. It is currently trading around $580. The pair is facing psychological resistance around $600 and the break will take the pair till $630 (161...
FxWirePro: Swedish Krona Erases Previous Gain Against Euro, Intraday Bias Remains Bullish EUR/SEK is currently trading around 9.2617 levels. It made intraday high at 9.2683 and low at 9.2386 levels. Intraday bias remains bullish till the time pair holds key support at 9.2329 marks...
FxWirePro: NZD/JPY Holds Major Trendline Support at 73.75, Weakness Only on Break Below NZD/JPY remains capped below 50-DMA currently at 74.83. The pair is trading a narrow range on the day, Doji formation seen on the day till now. NZD/JPY holding strong trendline support at 73...
Daily Forex Fundamental Overview Fundamental Analysis Key highlights of the week ended March 4 Euro zone The Euro zone's growth and inflation prospects have weakened and policy makers should take these developments into account when deciding on monetary policy...
USD/CAD Forecast June 6-10 The Canadian dollar enjoyed another strong week, as USD/CAD dropped 120 points. The pair closed the week at 1.2927.This week’s key event is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD...
Dollar Hammered as Payrolls Disappoint Big On Friday, the US payrolls was very weak as net job creation slowed to 38 000 in May. Markets priced out the chances for a June rate hike. Bond yields, equities and the dollar nosedived. EUR/USD jumped from the mid 1.11 area to the mid-1.13 area...
EUR/USD Bullish Above 1.1250 – UOB In opinion of the research team at UOB Group, the pair’s outlook will remain on the bullish side while above 1.1250...
UK: Increasing Brexit Risk Weighing Heavily on the Pound - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the pound has weakened sharply alongside the US dollar undermined by the increasing perception of Brexit risk...
EUR/GBP Could Struggle Around 0.7905/45 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, further upside in the cross could face strong resistance in the 0.7905/45 band. Key Quotes “EUR/GBP has eroded the short term downtrend at .7791 and its 55 day ma...
AUD/USD Trims Losses, Approaches 0.7350 The Aussie dollar has managed to bounce off session lows vs. the dollar, with AUD/USD now hovering over the mid-0.7300s. AUD/USD capped around 0.7370 The pair has partially faded Friday’s strong advance to the area of 0...
USDCAD - We look to Sell at 1.3010 (stop at 1.3050) USDCAD - Continued downward momentum from 1.3144 resulted in the pair posting net daily losses yesterday. The AB=CD formation target is located at 1.2870. For the last 12 days trading has been broadly confined to the daily Ichimoku Cloud...
EUR/USD Off-Lows, Regains 1.1350 ahead of Yellen The EUR/USD pair is seen making minor-recovery attempts from weak German factory data induced drop, although keeps its corrective mode intact ahead of Eurozone datasets. EUR/USD finds support ahead of hourly 20-SMA Currently, EUR/USD trades -0...
