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GBP/USD Forecast: Close to Its Weekly Low The GBP/USD pair retreats from a high set at 1.4447 achieved after the release of the latest Markit Services PMI for May, up to 53.5 from a previous 52.3, as despite beating also expectations of 52.5, the reading is close to multi-year lows...
USD/CAD Prop-Up to Trade Flat at 1.3100 ahead of US Jobs Report The USD/CAD pair was well supported around 10-day SMA near 1.3075 and propped to 1.3100 handle but still remained in a narrow band as traders await for fresh impetus from US monthly jobs report...
USD/CHF Hits Fresh Highs as USD Demand Returns Ahead of NFP The bid tone around the US dollar keeps growing bigger, driving USD/CHF further into the positive territory above 0.99 handle. USD/CHF near 10-DMA at 0.9919 Currently, the USD/CHF pair trades 0.15% higher near fresh session highs of 0...
USD/JPY Extends the Bounce Near 109.00 After dropping to lows near 108.50, USD/JPY has managed to gather traction and advance to the boundaries of the 109.00 handle. USD/JPY focus on US data Spot is gaining smalls so far, on its way to test the 109...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, June 3rd USD/CAD is trading flat this morning hovering between 1.3090 and 1.310 levels...
EUR/USD Drops to Session Low After EU Retail Sales, Now Eyeing NFP Data The EUR/USD pair failed to capitalize on its initial minor up-tick and turned negative after monthly retail sales number fell short of consensus estimates...
Oil Flat-Lined After OPEC Meeting, US Rigs Data Eyed Having witnessed a volatile session a day before, oil benchmarks on both sides of Atlantic trade modestly flat as dust settles over the OPEC meeting aftermath...
EUR/JPY Could Test 120.00 in The Medium Term – Rabobank Jane Foley, Senior FX Strategist at Rabobank, slipped the chance that the cross could retreat towards the 120.00 area in the next months...
EUR/USD Forecast: US Jobs Data Awaited The EUR/USD pair is confined to a 20 pips range ever since the day started, and not far from the base of this week's range, ahead of the release of the US Nonfarm Payroll report. The pair failed to regain the 1...
Aussie, Kiwi & Nikkei Fight Back Introduction After poorer retail sales than expected weighed on AUD this week, the currency has risen versus the greenback over the NY and APAC trading sessions...
Stocks Rise, Sending S&P 500 and Nasdaq Indexes to Their Highest 2016 Closes - Fed's Evans: Reasonable case can be made for deferring rate hikes until core inflation reaches the Fed's 2% goal. - Fed's Evans: Sees two rate hikes by the end of 2016...
EURUSD Maintains Neutral Bias Below 1.12 EURUSD maintains a neutral bias in the short term as it continues to trade sideways in a range of 1.1100 and 1.1220. Downside risk exists as the daily RSI remains below 50 in bearish territory...
USD/JPY Well Supported at 108.30/107.65 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, argued the pair should find strong support in the 108.30/107.65 band...
GBP/USD Drops and Pops on UK PMI, NFP Eyed The GBP/USD pair stalled its upbeat momentum and fell back towards 1.44 handle, before recovering ground towards 1.4430, where it hovered pre-UK PMI release. GBP/USD: Holds above 1...
AUD/USD Off Highs, Back Near 0.7250 The Aussie dollar is trading on a firm note today, lifting AUD/USD to the area of session tops near 0.7270. AUD/USD stronger ahead of Payrolls The pair has reverted yesterday’s pullback to the 0...
FxWirePro: FTSE100 Faces Resistance at 61.8% Extension, Good to Sell on Rallies Major resistance- 6290 (61.8% retracement of 6048 and 6433) The index has retraced till 6291 on Tuesday (31st May 2016) and started to decline from that level. It is currently trading at 6243...
Daily Forex Fundamental Overview Fundamental Analysis EUR "Economic recovery in the euro area continues to be dampened by subdued growth prospects and a sluggish pace of implementation of structural reforms Additional stimulus is expected from the monetary policy measures still to be implemented...
EUR/CAD 1H Chart: Channel Up Comment: We are short-term bullish on EUR/CAD, but the potential gains are limited. The currency pair is poised for a rally from the 200-hour SMA and the rising trend-line at 1.4580, but the rate is not seen as rising higher than a major resistance area circa 1.47...
EUR/USD Keeps Range Near 1.1150 Post-PMIs, Awaits NFP The EUR/USD pair is consolidating the previous slide around the mid-point of 1...
