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Asian Markets in Red, Gold Hovers Around Key Resistance at $1218 All the major Asian indices are trading on a negative note on Wednesday. On the other side, Gold gains in early Asian hours but fails to sustain above key resistance at $1218 marks and hovers around $1215 levels...
APAC Currency Corner – Brexit fallout During the past twelve months, investors have built a towering wall of worry around themselves as they brood about everything from a global economic slowdown to collapsing oil prices. Now we have a possible Brexit on the horizon...
AUD/USD Deflates to 200-DMA, Aus GDP-Led Rally Short-Lived The AUD/USD pair reversed almost a quarter of the Australian GDP-induced sharp rally as we head towards late-Asia, with poor risk tone on weak Chinese PMI readings extending bearish pressure on the major...
Sell NZD/USD on Strength, Buy USD/CHF on Dips - Westpac Research Team at Westpac, suggests to sell NZD on strength at 0.6840, stop at 0.6910. Key Quotes “The US dollar continues to strengthen - up 4.2% since 3 May - pushing NZD/USD lower...
Short GBP/USD at 1.4480 - Westpac Research Team at Westpac, opens a short GBP/USD here at 1.4480 with a stop at 1.4640. Key Quotes “Polls validating last week's observation that, "GBP arguably getting ahead of itself in pricing out Brexit risks...
Gold Rejected at 100-DMA, Drops to Test 5-DMA Gold brought an end to its two-day relief rally from multi-month troughs and now corrects slightly lower in response to the ongoing strength in the US treasury yields. Gold: Upside favoured amid risk-off...
ASX200 Breaks Major Support 5340, Decline Till 5250/5235 Is Possible Major resistance - 5430 Major intraday Support - 5340 (21 day MA) ASX200 has broken major support at 5340 and declined till 5303. It is currently trading at 5308...
Australian Stocks Drive Asia Lower, Ignore Upbeat Aus GDP The Asian stock markets snapped previous gains and fell into the negative territory, as renewed weakness in the oil and copper prices weighed heavily on the resource and energy stocks...
USD/JPY Back on the Bids, Re-Takes Daily Pivot The bears are seen fighting hard over the last hour to win over control amid poor PMI reports from the Asian economies, while persisting risk-off moods also keeps the downside exposed in USD/JPY. USD/JPY sold-off at daily pivot (110...
FxWirePro: Aussie Gains Against Major Peers on Robust GDP Data AUD/NZD is trading around 1.0719 marks. Pair made intraday high at 1.0731 and low at 1.0646 marks. Today Australia released GDP data with positive numbers at 1.1% q/q vs 0.7% q/q (Revised from 0.6%) previous release...
FxWirePro: Nikkei225 Faces Strong Resistance at 17250, Good to Buy at Dips Major resistance - 17256 (100 W EMA ) Major support - 16635 (21 W MA) Nikkei index has made a high of 17250 and slightly retreated from that level. It is currently trading around 17125...
FxWirePro: South Korean Won Falls on the Back of Lower Than expected CPI Data USD/KRW is currently trading around 1190 levels. Overnight South Korea released CPI data with negative numbers. South Korea’s May CPI growth Y/Y decreases to 0.8 % (forecast 0.90 %) vs previous 1.0...
EURUSD Daily Forecast: June 01 2016 EURUSD Forecast The EURUSD attempted to push higher yesterday topped at 1.1173 but whipsawed to the downside and closed lower at 1.1130 and hit 1.1117 earlier today. The bias is bearish in nearest term testing the lower line of the bullish channel and 1...
GBPUSD Daily Forecast: June 01 2016 GBPUSD Forecast The GBPUSD had a bearish momentum yesterday after another failure to make a clear break above 1.4700 key resistance as you can see on my daily chart below, bottomed at 1.4464. The bias is bearish in nearest term testing 1.4350...
USDJPY Daily Forecast: June 01 2016 USDJPY Forecast The USDJPY failed to continue its bullish momentum yesterday and slipped below 110.65 key support as you can see on my H1 chart below...
USDCHF Daily Forecast: June 01 2016 USDCHF Forecast The USDCHF attempted to push lower yesterday bottomed at 0.9886 but whipsawed to the upside and hit 0.9946 earlier today. The bias is bullish in nearest term testing 1.0000. Immediate support is seen around 0.9925...
USDCHF: Having the pair continued to maintain its medium term upside bias, trend resumption is envisaged. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level...
EUR/USD: A likely close today below 1.1215 would confirm a key monthly reversal and encourage our bearish view. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en/?affid=0fd9105 We are looking for a move below initial downside targets near 1...
USD/CAD: Likely to Trade in New Range Between 1.30/1.35 - TDS Analysts from TDS expect the USD/CAD pair to continue to move to the upside, with an immediate target at 1.33 followed by 1.35 during the second semester...
