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EUR/USD: Bearish: Downside potential likely limited to 1.1145. There is no change to our bearish view but as highlighted previously, downward momentum is not very strong and the downside potential is likely limited to 1.1145. Stop-loss remains unchanged at 1.1395 but 1...
FxWirePro: Silver Eyes $20 Area In past three weeks, Silver has shrugged off its underperformance against other commodities including that of gold and in that time it is up more than 12%, looking to gain further...
GBP Crosses are Driving the Currency – Lloyds Bank Research Team at Lloyds Bank, suggests that the GBP crosses are driving the currency, which has seen GBP/USD push back through the 1.42/1.4250 pivot region. Key Quotes “While upper range resistance lies at 1.44/1...
JPY: Resilience of Oil Price Reinforces Improving Risk Sentiment - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has weakened modestly in the Asian trading session while commodity related and emerging market currencies continue to outperform...
European Bonds Slump on Tracking Firm Oil Prices The European bond prices declined on Tuesday as a rally in oil prices boosted European equity market sentiments. The benchmark German 10-year bonds yield, which is inversely proportional to bond price rose 4.17 pct to 0...
USD/CAD Drops to Fresh 2016 Lows, 1.27 Eyed? The Canadian dollar continues to gather pace today, now relegating USD/CAD to print fresh YTD lows near 1.2720. USD/CAD lower on oil, USD Further recovery in crude oil prices is now sending the barrel of West Texas Intermediate to challenge the $42...
CAD/JPY Faces Strong Resistance at 85.75, Break Above Targets 86.35/87.45 Major resistance – 85.75 Major support -84.60 (55 day 4H EMA) The pair has made a high of 85.56 in the morning and slightly declined from that level. It is currently trading around 85.46...
Oil Prices have Additional Room for Rebound, Brent Crude Likely to Average Usd46/bbl in Q4 2016 The drop in oil price after the Doha talks failed to come to an agreement regarding freezing oil output was for a short period of time...
FxWirePro: EUR/GBP 5-Month's Uptrend Seems Restrained at 61.8% Fibos, Break-Out Below Channel Base Signals More Bearish Technical Glimpse and Trade Tips: EOD technical charts have shown down-streak has now continued from yesterday’s close at 0.7920 to the current 0...
USD/JPY: Bulls Unstoppable, Climbs Further to Test 109.50 The ongoing upbeat momentum in the USD/JPY pair gained further traction in the last hour as the rebound in oil prices gather pace and triggered a renewed risk-on wave across the markets...
EUR/USD Bearish Stance Losing Momentum? – UOB The research team at UOB Group sees the bearish picture unchanged around EUR/USD, albeit losses could be limited around 1.1140...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, April 19th GBP/USD extends its recovery from below 1.41 handle for the third straight session, with the recent rise in the pound largely attributed to the Brexit poll results...
Covering the boldest of bullish and bearish forecasts on Oil so far, only one company’s forecasts have been right on target. The Doha failed oil negotiations clearly was the big market moving event this week...
SEK Expected to Appreciate Further – Danske Bank Stefan Mellin, Senior Analyst at Danske Bank, sees the Swedish krona gathering further traction in the medium term. Key Quotes “EUR/SEK is close to our 1-3M target at 9...
USD/JPY Finds Support at 108.80, Revisits Daily Highs The retreat in the USD/JPY pair met fresh offers near 108.80 region, and the major swung back the familiar range above 109 levels amid rallying European stocks. USD/JPY supported well above hourly 200-SMA at 108...
EUR/USD Key Support Lies at 1.1234 – Commerzbank Axel Rudolph, Senior Technical Analyst at Commerzbank, believes spot could test the 1.1140 area once 1.1234 has been cleared. Key Quotes “EUR/USD recently charted a minor new high of 1.1465 which was not confirmed by the daily RSI”...
EUR/USD Trims Gains ahead of ZEW After hitting daily peaks near 1.1350, EUR/USD has now embarked in a correction lower towards the 1.1320 area. EUR/USD attention to ZEW, US data The pair could not sustain the earlier bull run to the mid-1...
Technical Analysis of USD/CAD for April 19, 2016 General overview for 19/04/2016: The wave (b) top seems to be in place as the new low in this pair was made. Nevertheless, there is still one more lower low anticipated in this market before any meaningful correction to the upside would take place...
