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Oil: Supply Disruptions in Kuwait and Nigeria – SocGen Research Team at Societe Generale, suggests that the quick recovery in oil prices on Monday appears to have been caused by two new short-term bullish supply disruptions and the first new disruption is in Kuwait...
BOJ vs ECB: Higher Hopes for BoJ Movements will Support EURJPY - BNPP Research Team at BNP Paribas, suggests that the divergent performance of the EUR and JPY likely reflects stretched long positioning in the latter and possibly greater anticipation that next week’s BOJ meeting will bring new eas...
Oil: Real Takeaway from Doha – SocGen Research Team at Societe Generale, suggests that the key takeaway from the events of last weekend in Doha is not neutral fundamentals or possibly bearish market psychology...
UK Jobs Preview: What to Expect of GBP/USD? The GBP/USD pair found support at 1.4350 levels and now attempts a minor-recovery towards 1.44 handle on stalled oil price sell-off, while the latest Brexit polls showing increased support in favour of ‘remain’, also aided the recovery in the cable...
Gold Hovers Around $1250 Supported by a weaker US Dollar, Gold on Tuesday rallied nearly 1.5% taking it to a one week high level before settling above $1250...
Oil: Implications of Failure of the Freeze Talks for the Markets - SocGen Research Team at Societe Generale, lists down the possible implications of the failure of the freeze talks for the oil markets...
GBP: Looming Brexit Risk on Exchange Rates - Commerzbank Ulrich Leuchtmann, Research Analyst at Commerzbank, suggests that the Brexit event risk is looming and many speculative market participants might find it difficult to directly bet on or against the Brexit but many might find additional oppo...
FxWirePro: Gold Forms Head and Shoulder Pattern, Good to Sell on Rallies Pattern Formed- Head and Shoulder Pattern Neck line - $1217 The commodity has recovered after making a low of $1223.It is currently trading around $1247. Yellow metal jumped till $1257...
Technical Analysis of Gold for April 20, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,246.00/47.00 levels for now, after having hit $1,256.00 levels yesterday. The metal has reversed from the fibonacci 0.786 retracement level of the drop from $1,262.00 through $1,207...
Elliott Wave Analysis of EUR/NZD for April 20 - 2016 Wave summary: We have seen a new low at 1.6062 which has been followed by a clear loss of momentum, but to confirm that a new low is in place a break above 1.6499 will be needed. As long as resistance at 1...
Elliott Wave Analysis of EUR/JPY for April 20 - 2016 Wave summary: The rally of the 121.69 low has been stronger than expected and displayed impulsive characters indicating that a bottom could be in place. If this is the case, then the coming decline from the 124...
Daily Analysis of USDX for April 20, 2016 The short-term outlook is calling for more weakness, as the USDX is approaching a key bottom around the 93.79 level, but the price zone at 94.08 is blocking the bears' advance...
Daily Analysis of GBP/USD for April 20, 2016 GBP/USD has been trading into a very bullish tone above the support zone of 1.4318, after the Cable made a huge rebound from the 1.4278 level and now it's expected to test the 1.4495 level, only if the GBP/USD does a rally toward the 1.4495 level...
AUD/USD Bullish, Targets 0.7850 – UOB Analysts at UOB Group have shifted their outlook on the pair to bullish, expecting a test of the mid-0.7800s. Key Quotes “AUD exceeded the target indicated at 0.7800 yesterday to touch a high of 0.7827...
Technical Analysis of EUR/USD for April 20, 2016 When the European market opens, some economic news will be released such as the German 10-y Bond Auction, German PPI m/m. The US will release economic data too such as Crude Oil Inventories and Existing Home Sales...
Concerns regarding #Brexit, knocks the British pound down over and over again. Although on the eve #GPBUSD was rising. Today the pound can receive another portion of shaky confidence from the labor market data. Find out more by checking out the Source Link...
Technical Analysis of USD/JPY for April 20, 2016 In Asia, Japan will release the Trade Balance and the US will release some economic data such as Crude Oil Inventories and Existing Home Sales. So there is a probability the USD/JPY will move with low to medium volatility during this day...
UK Labour Market and US Existing Home Sales in Focus Today – Danske Bank Research Team at Danske Bank, suggests that in the US, existing homes sales for March are due and they look for the recovery of the US housing market to continue...
EUR/USD: Patience is a Virtue - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that as EUR/USD skips towards 1.14, the fact that it’s doing so despite huge outflows of long-term capital and wholesale abandon of European bonds by foreigners, doesn’t really help...
