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FxWirePro: Dax Faces Strong Resistance 10200, Good to Sell on Rallies Major resistance- 10200 (200 day MA) Major support -9750 DAX has made a high of 10110 (May 10th 2016) and declining from that level. It is currently trading around 9816. Short term trend is low as long as resistance 10200 holds...
USD/JPY, EUR/SEK, 1H Chart: Channel Up EUR/SEK 1H Chart: Channel Up Comment: EUR/SEK formed the channel soon after a test of 9.16—a major demand area that was established a year ago and repeatedly confirmed thereafter...
Daily Forex Fundamental Overview Fundamental Analysis USD “Some of that is just a reversal of the huge fundamental decline in oil and gasoline that we’ve seen, and the other part is the service side of the economy...
EUR/GBP Seems Vulnerable to Slide Below 0.7800 Extending its break-down momentum on Wednesday, the EUR/GBP pair is dipped lower to 0.7813 ahead of the UK jobs report and the final print of EU CPI. On Tuesday, the pair attempted a sharp recovery from 0.7800 handle and move back above 0...
FxWirePro: South African Rand Falls Against US Dollar ahead of CPI Data Pair is currently trading at 15.72 marks. It made intraday high at 15.75 and low at 15.52 levels. Intraday bias remains bullish till the time pair holds key support level at 15.37 levels. A daily close above key resistance 15...
Fed Officials Warn Over Markets Dovish Hike Expectations Several FOMC members have come out and warned against too dovish expectations by market participants over rate hike...
FxWirePro: EUR/GBP Rangebound ahead of EZ Inflation Data, Momentum Studies Bearish EUR/GBP trades a tight range on the day, with day's highs at 0.7831 and lows at 0.7813...
AUD/JPY: Bears Relentless, Heads Towards 79 Handle The AUD/JPY cross remain heavily offered in the European trades, now attempting a tepid-bounce towards the mid-point of 79 handle. AUD/JPY testing support near 80.20 The AUD/JPY pair now drops -0.64% to 79...
NZD/USD Slides Further Below 0.6800 Handle The NZD/USD pair's attempted recovery for second straight day on Tuesday got sold into and the pair on Wednesday extended its slide further below 0.6800 handle...
EUR/USD Risks a Test of 1.12 – Westpac Strategists at Westpac see the pair slipping towards the 1.1200 handle. Key Quotes “ EUR vulnerable to a yield driven decline toward 1...
EUR/USD Pullbacks Limited Around 1.1215 – UOB In view of analysts at UOB Group, pullbacks in EUR/USD seem to be limited to the 1.1215 level in the next weeks. Key Quotes “There is not much to add as EUR spent another day going nowhere”...
USD/CHF Moves to 0.9830-35 Important Juncture Extending its bid tone for fourth straight trading session, the USD/CHF pair has now risen beyond 0.9800 handle to 0.9830, its highest level since mid-March. The pair extended its near-term recovery trend from a multi-month low level of 0...
USD/JPY Bounces-Off 109 in Early Europe, Fed Minutes Eyed The USD/JPY pair bounced-off a dip to 109 handle and almost regained lost ground as the US dollar continues to hover near two-week tops amid recovering risk appetite. USD/JPY retesting daily highs...
USD/CHF Potential Test of 0.9990/1.00 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could test the 0.9990/1.0000 band if it clears the 0.9830 area. Key Quotes “USD/CHF is poised to encounter the 200 day moving average at...
FOMC Minutes at the Centre Stage Today – Danske Bank Research Team at Danske Bank, suggests that the release of the minutes from the April FOMC meeting is likely to get the most attention today as the calendar is thin...
FxWirePro: Gold Trades Lower on revived Rate Hike Expectations, Good to Sell on Rallies Gold has slightly retreated after making high of $1282 on revived rate hopes expectations...
Australian Bonds Mixed on Soft Economic Data, Firm Crude The Australian government bonds traded mixed on Wednesday after data showed weaker than expected first quarter wage price index. Also, firmer crude oil prices restricted investors from safe-haven buying...
FxWirePro: AUD/CAD Holds Major Support at 0.9418, Good to Go Short on Breaks Below AUD/CAD trades with a downward bias. Momentum studies on dailies are bearish. The pair is currently holding above strong trendline support at 0.9418, weakness to resume on breaks below...
During Asian trading Japan has published the #GDP data, which proved to be much better than expected. But it didn't support the yen. Positions of #USD are strong ahead of the #Fed meeting minutes release. Find out more by checking out the Source Link...
