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EUR/JPY Finds Support Near 123 Handle, EZ Data Eyed The EUR/JPY cross keeps losses in early Europe, although stages a minor-bounce from near 123 handle as the yen’s relative weakness aids the recovery. EUR/JPY bounces-off a dip below 123 handle The EUR/JPY pair now drops -0.23% to 123...
Hello Friends, Let’s see today’s trading idea: ( You can open position instantly or can place pending): 1. EURUSD : Sell EurUsd Last day Idea running (Sell) 2. EURAUD : EurAud sell 1.5495 sl 1.5560 tp 1.5370 3. Gold : Gold buy 1274 sl 1265 tp 1286...
USDCHF: Targets Further Bullishness On Bull Pressure USDCHF: Having the pair strengthened further on Tuesday, further move higher is expected in the days ahead. On the downside, support lies at the 0.9750 level. A turn below here will open the door for more weakness towards the 0...
Oil Prices More Sustainable, Metals Price Increase Limited - Nomura Research Team at Nomura, notes that the commodity prices declined sharply since their peak in mid-June 2014 but, since the beginning of 2016, have recovered almost 30%, based on the GSCI index...
EUR/USD Hits Fresh 3-Week Lows Near 1.1280, EZ CPI in Focus The EUR/USD pair is gradually extending its downbeat momentum seen earlier in the Asian session, and now tests session lows as risk-off returns to markets amid broad based US dollar strength. EUR/USD eyeing a test of 100-DMA at 1...
UK Inflation Forecast: May 2016 - RBS Ross Walker, Senior UK Economist at RBS, suggests that the UK headline CPI is forecasted to remain at 0.3% in May, reflecting a stable Core CPI rate and a neutral food & energy contribution with modest upside risks...
GBP/USD Testing 1HR 200-SMA to the Downside, UK Jobs Eyed The GBP/USD pair extended its retreat from above 1.45 handle and now inches lower towards 1.4300 levels as a broadly higher greenback weighs on the major amid mixed Asian session. GBP/USD flirting with key support near 1...
USD Bias Constructive - Westpac Research Team at Westpac, are sticking with a constructive USD bias, even though it is struggling to develop much forward traction. Key Quotes “Fed officials, even doves like Rosengren and Kaplan, are signaling that June is live and 2-3 rate hikes "make sense...
JPY: GDP Surprised to the Upside - Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that today we have seen Q1 Japanese GDP, which has somehow surprised to the upside, rising 1.7% q-o-q annualized vs. expectations of 0.3...
USD/CAD Climbs Further to Test 1.2950 on Stronger USD Broad based US dollar rebound remains the underlying key theme in the Asian trades this Wednesday, pushing USD/CAD further into the positive territory towards the mid-point of 1.29 handle. USD/CAD supported at NY close just ahead of 1...
Mexico: Banxico Intervention Risk Rising – TDS Sacha Tihanyi, Senior EM Strategist at TD Securities, suggests that the MXN trading conditions, relative to a set of indicators, suggest that the peso is in the midst of becoming “unhinged” again, in much the same way that led Banxico to unexpectedly...
FxWirePro: USD/JPY Rebounds from Session Lows at 108.72, Retakes the 109 Handle USD/JPY rebounds from session lows in response to better-than-expected Japanese GDP data for the first quarter of 2016. Data released earlier today showed that Japan's preliminary real Q1 2016 GDP came at 0...
Nikkei Trades Higher While Chinese Markets Drop, Gold Depreciates in Early Asia All the major Asian indices are trading on a mix note on Wednesday morning. Today New Zealand released PPI data with negative numbers while Japan released GDP data with positive numbers...
FxWirePro: ASX200 Faces Strong Resistance at 5400, Good to Buy at Dips Major resistance - 5400 Major Support - 5325 (10 day EMA) ASX200 has broken major resistance 5380 and jumped till 5401. It is currently trading at 5385. Short term trend is slightly bullish as long as support 5325 holds...
FxWirePro: Nikkei225 Faces Minor Support at 16450, Good to Buy at Dips Major resistance - 16985 (11 May High) Major support - 16470 (10 day EMA) Nikkei index has slightly retreated after making a high of 16790. It is currently trading around 16759...
FxWirePro: USD/KRW Hovers Around Key Resistance at 1180, a Break Above Targets 1193 USD/KRW is currently trading around 1179 levels. It made intraday high at 1177 and low at 1180 levels. Intraday bias remains neutral till the time pair holds key resistance at 1180 marks...
FxWirePro: Japanese Yen Gains in Early Asia on the Back of Higher Than Expected GDP Data USD/JPY is currently trading around 108.88 marks. It made intraday high at 109.23 and low at 108.72 levels. Japanese economy grew 0.4% in the March quarter vs. contraction of 0...
USD/JPY: Buyers in Control Above 109, Tuesday’s High Eyed? The bullish pressure behind the USD/JPY pair accentuated over the last hours as a renewed bout of risk-on wave gripped the markets, sending Japanese stocks sharply higher...
EURUSD Daily Forecast: May 18 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday. The bias remains bearish in nearest term testing 1.1200 region. Immediate resistance remains around 1.1350...
