All Blogs
USD GDP: What to Expect of EUR/USD The main highlight in today’s US docket will be the release of another revision of the GDP figures for the first quarter. Market consensus expects the economy to have expanded at an annualized pace of 0.9%, up from the previous 0.5% gain...
EUR/JPY Drops to 122.50, Upside Seems Capped Around 123.00 The EUR/JPY pair remained under pressure and turned lower from 20-day SMA resistance to currently trade near the mid-point of 123.00-122.00 handle. Following its decline below 123...
NZDUSD: Having the pair halted its weakness and continued to hold above its Thursday low at the 0.6691 level, there is risk of a follow through higher. Support lies at the 0.6700 level where a break will aim at the 0.6650 level. Further down, the 0.6600 level comes in as the next downside target...
GBP/USD Bullish Near-Term, 1.4770 on Sight Analysts at UOB Group see the current soft tone in GBP/USD as temporary, while a test of 1.4770 remains on the table. Key Quotes “Instead of extending towards the strong 1.4770 resistance, GBP eased off quickly to touch an overnight low of 1.4650...
Gold Weaker Ahead of US GDP The precious metal is extending its bearish note at the end of the week, navigating the area of 3-month lows around $ 1,1215 per troy ounce...
FTSE Poised for Second Successive Weekly Gain Barring a dramatic about turn later today the FTSE 100 is set to post another week of gains after breaking a series of lower closes last Friday...
Cable Gets Some Love as Buyers Lift the Quid - G7 on FX: •We affirm our existing exchange rate commitments to market determined fx rates •Will consult closely in regard to actions in fx markets •We reaffirm our commitments to keep markets open, fight all forms of protectionism •We reaffirm our fi...
Oil Dips Below $49.00 Mark On Profit-Taking After tapping $50.00/barrel mark on Thursday for the first time since Oct. 2015, WTI crude oil future failed to retain its strength above the psychological mark and the rally fizzled, dragging the commodity lower...
EUR/USD Challenges Lows Near 1.1170, US GDP Eyed The single currency is accelerating its daily decline today, sending EUR/USD to the area of 1.1170, or session lows. EUR/USD lower ahead of US GDP Spot is fading yesterday’s spike to the 1...
USD/JPY Subdued Below 50-DMA Ahead of US GDP Release The USD/JPY pair eased off from the vicinity of 110.00 handle and has now dipped back below 50-day SMA to currently trade near 109.65, few pips off day's through level of 109.55...
JPY: All or Nothing - Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that after three years of Abenomics, the development of the economy and inflation in Japan is disappointing...
USD Index: Bulls Continue To Dominate; More Upside In View After Wave 4 on the sharp rise and has reached our minimum upward projections at 95...
Gold Rejected at 1HR 50-SMA, but Holds 100-DMA Ahead of US GDP The recovery in the yellow metal from eight-week troughs faltered at hourly 50-SMA located near 1123.50, and from there the spot now reverts towards 100-DMA resistance-turned support at 1216.40...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, May 27th GBP/USD was trading in 25-pips narrow range between 1.4659 and 1.4682 handling throughout the Asian session. The pair has retreated from almost four-week highs above 1...
Triangle identified at 26-May-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 109.09 within the next 3 days. Supporting Indicators : Downward sloping Moving Average Resistance Levels : ( B ) 110...
GBP/USD Forecast: Pound Still Strong The Pound continues shedding ground this Friday, with the GBP/USD pair advancing up to 1.4688 following the London opening, from where it turned south to post a fresh 2-day low of 1.4620...
Daily Recommendations on Major USD/JPY DAILY MARKET OUTLOOK on Major USD/JPY Update Time: 27 May 2016 08:12 GMT USD/JPY - 109.75 Despite dlr's erratic rise from 109.11 (Monday) to 110.45 (Wednesday), yesterday's selloff to 109.42 in Asia signals 'choppy' trading below last Fri's 3-wk peak at 110...
FTSE Pairs Gains, USD Flat The US dollar remained soft across the board as the probability of a June rate hike slightly weakened throughout this week. The market gives a 38% chance for the Federal Reserve (Fed) to raise rates at the June meeting...
EUR/USD Points to a Test of 1.1230 – UOB In view of the research team at UOB Group, EUR/USD remains poised for a test of the 1.1230 area in the next 1-3 weeks. Key Quotes “The unexpected strong rebound in EUR appears to have to scope to extend higher but at this stage, a sustained move above 1...
