All Blogs
Gold Attempts Recovery from FOMC-Minutes-Led Slide Gold found support once again at 1255 levels in early Asia, and from there takes on the recovery mode as the greenback moves-off seven-week tops reached a day before against its major peers after the FOMC minutes...
FxWirePro: AUD/USD Breaks 61.8% Fib, Hits Fresh 11-Week Lows on Poor Jobs Data - Short Rallies around 0.72 AUD/USD extends decline, hits fresh 11-week lows at 0.7199, in a knee-jerk reaction to weak Australian jobs report. Australia's unemployment rate held steady at 5...
FxWirePro: USD/SGD Hits Fresh Monthly High at 1.3828, a Break Above Targets 1.3851 USD/SGD is currently trading around 1.3801 marks. It made intraday high at 1.3828 and low at 1.3801 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3828 levels...
FxWirePro: USD/JPY Corrects Lower from FOMC Led Rally, 110.50-60 Stiff Resistance Zone - Go Long on Break above 110.60 FOMC minutes were the main catalyst overnight, revealed that the US interest rate hike is back on the cards this June. USD/JPY spiked all the way to hit session highs at 110...
FxWirePro: NZD/USD Breaks Major Trendline Support at 0.6740, Targets 0.6675 USD extends gains after the latest FOMC minutes revealed that the US interest rate hike is back on the cards this June...
FxWirePro: USD/KRW Hovers Around Key Resistance at 1193, a Break Above Targets 1211 USD/KRW is currently trading around 1190 levels. It made intraday high at 1191 and low at 1188 levels. Intraday bias remains neutral for the moment...
FxWirePro: ASX200 Faces Strong Resistance at 5400, Good to Sell on Rallies Major resistance - 5400 Major Support - 5300 ASX200 has broken minor support 5335 and declined till 5312. It is currently trading at 5322. Short term trend is slightly bearish as long as resistance 5400 holds...
FxWirePro: Nikkei225 Faces Strong Resistance at 17000, Good to Sell on Rallies Major resistance - 16985 (11 May High) Major support - 16530 (10 day EMA) Nikkei index has slightly retreated after making a high of 16838. It is currently trading around 16648...
FxWirePro: Aussie Gains Against Major Pairs After Employment Data AUD/NZD is trading around 1.0706 marks. Pair made intraday high at 1.0732 and low at 1.0679 marks...
Asian Markets Turn Negative, Gold falls Below $1260 After FOMC Meeting Minutes All the major Asian stock markets are trading on a lower note on Thursday on the back of global uncertainties. Yesterday Fed released meeting minutes, which surprisingly revealed a potential hike in June...
Asian Stocks Trade Mixed on Fed Minutes, Weaker Commodities The stocks on the Asian bourses fluctuate between gains and losses amid underlying mixed tone in the markets, as the Asian traders digest the latest FOMC minutes, which revealed that the US interest rate hike is back on the cards this Ju...
EURUSD Daily Forecast: May 19 2016 EURUSD Forecast As expected, the EURUSD had a bearish momentum yesterday bottomed at 1.1214...
GBPUSD Daily Forecast: May 19 2016 GBPUSD Forecast The GBPUSD had a bullish momentum yesterday topped at 1.4634. The bias is bullish in nearest term retesting the daily EMA 200 and 1.4700 region which is a good place to sell with a tight stop loss. Immediate support is seen around 1.4525...
USDJPY Daily Forecast: May 19 2016 USDJPY Forecast The USDJPY had a bullish momentum yesterday topped at 110.25. The bias is bullish in nearest term testing 110.65. Immediate support is seen around 119.50...
USDCHF Daily Forecast: May 19 2016 USDCHF Forecast As expected, the USDCHF had a bullish momentum yesterday topped at 0.9880. The bias remains bullish in nearest term testing 1.0000 area. Immediate support is seen around 0.9840...
EURUSD: With EURUSD selling off strongly on Wednesday, we envisage more weakness in the days ahead. Support lies at the 1.1150 level. Further down, support comes in at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will target the 1.1000 level...
EUR/USD: We are bearish against resistance in the 1.1360 area (near the 21-dma) and look for a move lower towards initial targets at the 1.1215 range lows. Below there would signal further downside. Our next targets are near 1.1125 and then 1.0990...
GBP/USD: Hawkish FOMC Minutes Curb Sterling's Big Bid GBP/USD has lost the 1.46 handle on the back of hawkish minutes from the FOMC meeting in April. The minutes showed that most officials saw June hike 'likely' if economy warranted...
USD/CAD Spikes to 1.3000 After FOMC Minutes USD/CAD soared to the 1.3000 area as the greenback rallied across the board after FOMC minutes showed June rate hike is “likely”. According to the minutes, most FOMC members believe a rate hike in June is likely if data showed an improving economy...
