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Can OPEC Surprise? – BBH Research Team at BBH, suggests that the OPEC ministers meet in Vienna today but the expectations could hardly be lower. Key Quotes “Attempts to agree on an output freeze were stymied by the Saudi's insistence that is rival Iran participates as well...
AUD/USD Fails to Hold Above 200-DMA, Dips to Wednesday’s Low The AUD/USD pair failed to resist above 200-DMA at 0.7266 and fell sharply lower over the last hour, as markets sold-off higher-yielding currencies amid escalating risk-off conditions. AUD/USD drops below 20-DMA at 0...
April Data: Australian Retail Sales Below Expectations, Trade Deficit Reduced Australia Retail Sales for April came at +0.2% m/m vs +0.3% exp, while Australia April trade balance saw the deficit shrink to 1.579mln vs 2100mln exp. Key points - retail sales The trend estimate rose 0...
Gold Regains 5-DMA in Asia, ECB in Focus Gold trades moderately higher in the Asian trades, underpinned by risk-off markets and a broadly lower US dollar, as we head towards the ECB policy decision on the interest rates. Gold eyes 100-DMA Currently, gold now trades +0.11% higher at 1214...
Nikkei 225: Selling Intensifies as Yen Sinks, Rest of Asia Lower The Japanese stocks dive deeper into the red, extending losses from opening trades, as demand for the yen remains on the rise amid intensifying risk-off sentiment, after the sales-tax hike delay news re-ignited concerns over the Jap...
AUD/JPY on Free--Fall, 'Risk-Off' Rules AUD/JPY extended its sell-off on Thursday, last paid at 78.70/80 session lows, as the Japanese Yen continues to appreciate further, benefited by the risk averse sentiment in the market place, with the Nikkei 225 falling over 2% by lunch break...
EUR/USD Storms Through 1.1200 ahead of ECB The EUR/USD pace consolidated the overnight rally and now pierces through the 1.1200 barrier amid fresh selling seen in the greenback against its major peers. EUR/USD takes-out 100-DMA at 1.1207 Currently, EUR/USD trades 0...
USD/JPY Bounces-Off a Dip Below 109.00 on BOJ’s Sato The USD/JPY pair witnessed some aggressive selling last minutes, after the yen regained poise on the back of optimistic remarks on the Japanese economic outlook from the BOJ board member Sato. USD/JPY breaches 50-DMA support at 109...
BOJ's Sato: Believes it's Unnecessary to Persist in Hitting 2 Pct Inflation Target at All Costs Bank of Japan policy board member Takehiro Sato is crossing the wires, speaking at a meeting with business leaders, noting that believes it's unnecessary to persist in hitting 2 pct inflation target at...
EURUSD Daily Forecast: June 02 2016 EURUSD Forecast The EURUSD had a bullish momentum yesterday and hit 1.1197 earlier today...
GBPUSD Daily Forecast: June 02 2016 GBPUSD Forecast The GBPUSD continued its bearish momentum yesterday bottomed at 1.4385. The bias remains bearish in nearest term testing 1.4350. A clear break and daily close below that area could trigger further bearish scenario testing 1.4000 area...
USDJPY Daily Forecast: June 02 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday bottomed at 109.05. The bias is bearish in nearest term especially if price able to make a clear break below 109.10 targeting 107.70 this week. Immediate resistance is seen around 110.00 area...
USDCHF Daily Forecast: June 02 2016 USDCHF Forecast The USDCHF had a bearish momentum yesterday bottomed at 0.9861. The bias is bearish in nearest term testing 0.9795 area. Immediate resistance is seen around 0.9920...
GOLD: The commodity continues to threaten further upside on correction. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level...
Chart:https://bi0l.blogspot.com/2016/06/eurusd-d1-monthly-analysis-2016-05_1.html Weather (Monthly): Calculated monthly level: Support (S1 MN / S2 / S3 = 1.1083 / 1.0961 / 1.0763), resistance (R1 MN / R2 / R3 = 1.1480 / 1.1602 / 1.1801). Key level (1st from 1.1143 to 1...
Chart: https://bi0l.blogspot.com/2016/06/eurusd-d1-monthly-analysis-2016-05.html Analysis (2016-05-Monthly): Last month the couple began 1.1461 (Open) breakdown of 1.1472 (S1 MN) and reaching 1.1616 (High) to the achievement of the expected goals purchases (R2 MN...
The nominal yield spread between the US and Japan is set to widen further with the Fed likely to raise rates for the second time in either June or July, thus providing support for USD/JPY. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
In today’s capital markets, matters can change very quickly...
Brent: The Month Started with the Declining Price. Technical Analysis as of 01.06.2016 Overview and dynamics Since the opening of today's trading day, the oil price has been declining. In Asia, Brent crude oil fell by nearly $0.5, and during the European session the decrease continued...
