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Oil Drops to $48.00, Eyeing Weekly Inventory Data and FOMC Minutes After rising to a seven-month high on Tuesday, WTI crude oil futures fell to $48.00/barrel mark on Wednesday ahead of the looming official EIA's crude oil inventories data. On Tuesday, the black gold rose to $48...
EUR/USD Drops Further Post-EMU Data The shared currency is now accelerating its downside, sending EUR/USD to the 1.1260 area...
FxWirePro: BTC/USD Struggles to Close Above $470, Good to Sell on Rallies Major resistance -$470 (Apr 26th 2016) BTC/USD has slightly recovered from the low of $451 yesterday. It is currently trading around $453.79...
Analysis : Channel Up identified at 17-May-16:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 108.45 within the next 2 days. Supporting Indicators : RSI above 60 Resistance Levels...
GBP/USD Forecast: Unmotivated by Mixed UK Data The American dollar traded generally higher across the board at the beginning of this Wednesday an ahead of the FOMC Minutes, although the GBP/USD pair held within a tight range ahead of the release of UK employment data, which resulted overall mixed...
Bears in #EURUSD show serious intentions to break the support line. It is recommended to stay out of the market prior to the #Fed meeting minutes. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
#USDCAD has left borders of the consolidation pattern "symmetrical triangle", which indicates the future direction of the movement. There are two trading tactics to choose – more or less conservative. Find out more by checking out the Source Link...
Sell the Rallies in USD/CAD – Westpac Strategists at Westpac have recommended selling the pair on upticks to the 1.3000 mark. Key Quotes “Oil price gains leaving CAD in its wake, the former suggesting USD/CAD is more fairly valued nearer 1.25 whereas USD/CAD if anything is threatening 1.30...
ECB’s Villeroy: If Required by Brexit, ECB Ready to Act If Call On Additional comments crossing the wires from ECB governing council member Villeroy: Monetary policy to boost inflation by 0...
Rallies in EUR/USD to Find Resistance at 1.1465/95 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerbank, sees bullish attempts in EUR/USD facing the initial resistance in the 1.1465/95 region. Key Quotes “Rallies are expected to remain muted (initial resistance at 1...
EUR/GBP Muted Reaction to UK Jobs Data, awaits EU CPI Print The EUR/GBP pair broke through 0.7800 handle after the release of UK employment figures that portrayed better-than-expected picture of the UK labor market...
GBP/USD Points to Rangebound Between 1.4300 and 1.4550 – UOB The research team at UOB Group expects GBP/USD to trade in a 1.4300-1.4550 range in the next 1-3 weeks. Key Quotes “GBP touched a high of 1.4524 but eased off quickly...
GBP/USD Ignores UK Data, Drops to 1.4420 A brief knee-jerk following UK releases saw GBP/USD reaching 1.4450/55, although the up move proved to be short-lived. GBP/USD offered despite upbeat results After dipping to the area of 1.4420, spot has managed to regain 1...
Brexit: Is Hope a Strategy? – Greenwich Associates Research Team at Greenwich Associates, suggests that as the world moves closer to the U.K referendum on continued EU membership on June 23, what once seemed a remote possibility now seems increasingly likely—or at least possible...
Iron Ore, Steel Price Jumped Thanks to China Iron ore and Steel had their best rally in years, till April, where iron ore prices rose more than 70%, from their December bottom and Steel price rose from Yuan 1580 per ton in December, last year to Yuan 2870 per ton in April...
Technical Analysis of Silver for May 18, 2016 Technical outlook and chart setups: Silver is seen to be trading at $17.03 levels. It can produce intraday rallies but remain in control of bears till prices remain below $18.00 levels. The metal dropped lower towards $16...
Technical Analysis of Gold for May 18, 2016 Technical outlook and chart setups: Gold is seen to be setting up for a continued drop towards $1,237.00 and lower levels. The yellow metal is trading at $1,272.00 levels at the moment, and might test $1,282...
Elliott Wave Analysis of EUR/NZD for May 18 - 2016 Wave summary: With a low at 1.6538, we are now looking for a break above the minor resistance line near 1.6675 to confirm that the correction from 1.6931 is over and a new impulsive rally towards 1.7254 is developing...
Elliott Wave Analysis of EUR/JPY for May 18 - 2016 Wave summary: With a low at 122.93 or exactly the 78.6% correction of red wave [i], we expect red wave [ii] will be in place for the next impulsive rally above minor resistance at 123.55 and, more importantly, above resistance at 124...
