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Qatari Energy Minister: OPEC Meeting was Positive Because Oil Prices on the Rise Qatari energy minister Al-Sada crossed the wires via Reuters last minutes, making his comments on Thursday’s OPEC meeting...
Technical Analysis of USD/JPY for June 03, 2016 USD/JPY is expected to trade in a bearish bias. Overnight, US stock indices recorded another stronger session while volumes remained muted. The Dow Jones Industrial Average rose 0.3% to 17838, the S&P 500 advanced 0...
Technical Analysis of USD/CHF for June 03, 2016 USD/CHF is likely to trade with a bullish outlook. The pair bounced off its major horizontal support at 0.9865 and is expected to post further advance...
Technical Analysis of NZD/USD for June 03, 2016 It is expected that NZD/USD extends its upside movement as the bias remains bullish. The pair remains positive on an intraday basis. A strong support base at 0.6770 (since June 1) has formed and allowed for a temporary stabilization...
Technical Analysis of GBP/JPY for June 03, 2016 GBP/JPY is expected to trade with a bearish bias. The pair remains on the downside and is looking for a lower bottom. The relative strength index has been capped by a negative trend line since May 30 and lacks upward momentum. As long as 158...
Technical Analysis of AUD/NZD for June 03, 2016 1.0590 is a major fibonacci projection level and also a graphical support level seeing how the price has bounced off it twice forming an impending double/triple bottom formation...
Technical Analysis of AUD/USD for June 03, 2016 The price has made a triple bottom bullish exit along with an exit on its bearish channel triggering a rise up to 0.7300...
Daily Analysis of USDX for June 03, 2016 The index recovered from Wednesday's losses and is now looking to do a consolidation back above the 200 SMA. It could break the resistance zone of 95.68. If a breakout happens above it, then we can expect another rally to possibly reach the 96...
Daily Analysis of GBP/USD for June 03, 2016 The pair is still finding support around the 1.4408 level, which remained solid after BoE Governor Carney's speech during yesterday's session, and eventually it could do a rebound toward the 1.4464 level...
GBP/NZD Breaks Major Trend Line Support, Targets 2.000 Major Support: 2.110 (trend line joining 2.0400 and 2.1107) GBP/NZD breaks below trend line resistance today morning and declined till 2.1072. It is currently trading around 2.11036. Minor trend reversal only above 2.1300 level...
USD/CHF Holding Stable Above 0.9900 Level Ahead of NFP The USD/CHF pair seems to consolidate above 0.9900 handle following a smart recovery from a two-week low level of 0.9858 touched on Thursday...
EUR/USD Seen Testing 1.10 If Fed Delivers – Rabobank FX Senior Strategist at Rabobank Jane Foley believes the pair could grind lower to the 1.10 handle in case the Fed hikes rates this summer. Key Quotes “The minutes of the Fed’s April FOMC referred to three conditions for a rate hike in June...
03 June 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 08:30 Services PMI GBP High 52.3 52.5 Neutral 12:30 Average Hourly Earnings m/m USD High 0.3% 0...
Pivot Points DAILY Last Updated: Jun 3, 9:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.10212 1.10959 1.11224 1.11706 1.11971 1.12453 1.132 USD/JPY 106.857 107.92 108.388 108.983 109.451 110.046 111.109 GBP/USD 1.42891 1.436 1.43899 1.44309 1.44608 1.45018 1.45727 USD/CHF 0.97843 0.98363 0...
Gold Flat at $1211 Amid Cautious Trade, Focus on NFP Gold is seen trading flat on Friday around $1211 level, supported by a minor downtick in the greenback as we head towards the key NFP release that would determine the Fed's near-term monetary policy stance...
Pivot PointsHourly Last Updated: Jun 3, 9:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11365 1.11443 1.11477 1.11521 1.11555 1.11599 1.11677 USD/JPY 108.348 108.5 108.578 108.652 108.73 108.804 108.956 GBP/USD 1.43972 1.44029 1.44055 1.44086 1.44112 1.44143 1.442 USD/CHF 0.98891 0.9896 0...
GBP/USD: Weaker, Attacks 1.4400 ahead of UK PMI The GBP/USD pair keeps the offered tone intact in the early European trades, with the bulls guarding 1.4400 barrier, amid cautious tone prevalent in the markets as we move towards the UK services PMI release...
EUR/GBP Around 0.7740 ahead of UK EMU Data After hitting the area of 0.7780 on Thursday, EUR/GBP has now retreated to the 0.7740 region ahead of today’s UK, EMU docket...
USDCHF - We look to Buy at 0.9903 (stop at 0.9873) USDCHF - Posted mild net daily gains but all trading confined to the previous days range, an indecisive Inside Day. Price action is forming a bullish flag which has a bias to break to the upside...
