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The USD is stuck at the bottom of the so-called ‘dollar smile’, which links its path to the performance of the US and global economy as well as the risk sentiment of investors. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
ANALYSTICS TECHNICAL XAUUSD 09-05-2016 Scenario Recommendation Buy Limit Entry Point 1268.96 Take Profit 1311.63...
Technical Reviews for Gold and Silver (May 2016) Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bullish Gold was quite choppy during the first three weeks of April - characterized by short-term upswings and downswings, all in the context of an uptrend...
US Stocks end Higher, but Post Second Weekly Loss in a Row US stocks reversed early losses and managed to close the day with gains, although main Wall Street indexes posted the second weekly loss in a row. The Dow Jones gained 79.92 points, or 0.45%, to close at 17,740.63. The S&P 500 rose 6...
Oil Posts Daily Gain but Finishes the Week Lower Oil prices settled higher on Friday, although off session highs, supported by a decline in US oil rig count while wildfires in Canada continue to raise supply concerns. West Texas Intermediate crude for June delivery reached a high of $45...
Exclusive Currencies Forecast Poll EUR/USD up next week, before fading towards 1.1100: bullish sentiment towards the EUR menaced by a possible US rate hike. GBP/USD capped below 1.4500 ahead of Brexit referendum: the pair is seen up and down around 1.43/1...
USD/JPY Rises above NFP Levels The Japanese weakened in the market during the last hours of the week amid a strong bounce in Wall Street. The Dow Jones is now up by 70 points after being down by almost a hundred points. USD/JPY rose sharply and is now above 106...
FxWirePro: EUR/USD Strongly Bearish Despite Upside Attempts The EUR/USD pair declined towards lower levels in the US session, as the pair found selling interest around 1.1444 levels after the release of mixed US employment data. Any upside is expected to be limited as the resistance level at 1...
EUR/USD: We are bearish towards initial targets in the 1.1360 area. A move below 1.1360 would signal lower towards 1.1300. The 1.1215 range lows are expected to provide buying interest. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
US Dollar Volatile, Tests Highs Near 93.80 The greenback, gauged by the US Dollar Index, has briefly tested lows near 93.20 following US Payrolls and quickly jumped to daily highs near 93.80...
USD/CAD Erases Early Gains After Disappointing NFP Data The USD/CAD pair reversed its early gains to 1.2900 handle and dipped back into negative territory on disappoint US NFP print and drop in Canadian unemployment rate...
USD/JPY Extends Losses After US Nonfarm Payrolls USD/JPY fell sharply and posted fresh daily lows as the dollar weakened following the release of disappointing US nonfarm payrolls report...
EURUSD Our Yesterday's signal got hit and we took the trade out due to EURUSD failing to hold the important level of 1.1425. However the pullback was healthy given that it held above 100% extension of A with C wave. Overnight and this ..Read More...
Does the Fed Want Inflation to Overshoot? – Goldman Sachs Jan Hatzius, Research Analyst at Goldman Sachs, suggests that many investors believe that the Fed has significantly changed its attitude to an inflation overshoot above 2...
EUR/USD Climbs Further Post-Payrolls EUR/USD is extending its upside bias today, now posting fresh tops well above the 1.1400 handle...
NFP: US Economy Adds 160,000 Jobs in April, Below Expectations US economy added 160,000 new jobs in April, the US Labor Department reported Friday. It came in below expectations of 200,000 and it was the weakest gain since September. The unemployment rate however held steady last month at 5...
JPY Remains Bid in the Short-Term – Rabobank The Japanese safe haven could remain well supported in the near-term, suggested Jane Foley, Senior FX Strategist at Rabobank...
AUD/USD Still Bearish Near-Term – UOB Analysts at UOB Group have reiterated the bearish perspective for the Aussie dollar in the next weeks. Key Quotes “The 0.7410 target first indicated two days ago was met as AUD dropped sharply after RBA revised its inflation forecast lower”...
Oil Trading Below $44.00 ahead of US Jobs Data WTI crude oil edged lower on Friday as focus shifts back to fear of oversupply, shrugging-off worries of supply disruptions in Canada and Libya. Currently, oil is trading with a cut of 1.5% at $43.65 and over 5% from $46.04 high touched on Thursday...
RBA Signals Potential for More Easing - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the RBA today released its quarterly monetary policy statement and perhaps after easing its monetary policy stance this week, we should not be surprised to see some notable downgrades to inflatio...
