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FXWIREPRO: NZD/JPY Breaks Strong Trendline Resistance at 74.10, Targets 75 NZD/JPY has broken above strong trendline resistance at 74.10 and is currently trading around 74.50 levels. The pair is extending upside for the 3rd consecutive session after hitting fresh 8-month lows at 72...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risk associated. Data released so far – Australia – National Australia Bank’s business confidence improved to 6 from 3, while business conditions improved to 12 compared to 8. Upcoming –...
FXWIREPRO: AUD/JPY Trend Analysis - Encourage Intraday Bulls, Short Term Speculators and Long Term Bears to Prolong Please be noted that we were bearish bias and accordingly we suggested shorts in this pair. Refer below link for further readings on our earlier post on this pair: http://www...
FXWIREPRO: USD/ZAR Remains supported Just Above 14.64, a Break Below Targets 14.26 USD/ZAR Pair is currently trading at 14.70 marks. It made intraday high at 14.75 and low at 14.68 levels. Intraday bias remains neutral till the time pair holds key support level at 14.64 levels...
Technical Analysis of EUR/USD for April 12, 2016 When the European market opens, some economic news will be released such as the German WPI m/m, German Final CPI m/m. The US will release economic data too such as the Federal Budget Balance, Import Prices m/m, NFIB Small Business Index...
Technical Analysis of USD/JPY for April 12, 2016 In Asia, Japan will release the Prelim Machine Tool Orders y/y, Bank Lending y/y and the US will release some economic data such as the Federal Budget Balance, Import Prices m/m, NFIB Small Business Index...
ECB’s Villeroy: Low Interest Rates are Consistent with Mandate Speaking on Radio Classique, ECB governing council member and Bank of France governor Villeroy said that Europe needs a finance minister in place, besides commenting on the inflation outlook...
EUR/GBP Flirting with 0.8000, UK Data Eyed EUR/GBP is looking to stabilize in the 0.8000 area following yesterday’s sharp pullback from the 0.8100 neighbourhood...
Australian Business Confidence Surges – Deutsche Bank David Plank, Macro strategist at Deutsche Bank, notes that in Australia the NAB business survey reported a rise in confidence and conditions. Key Quotes “Business conditions rose to 12, the highest level since the global financial crisis...
EUR/JPY Extends Recovery Above 123.50 as Yen Retreats The European currency reverses a part of yesterday’s losses against its Japanese counterpart in early Europe, driving EUR/JPY above 123.50 levels. EUR/JPY rises above 5-DMA at 123.31 The EUR/JPY pair advances 0...
Daily Analysis of Major Pairs for April 12, 2016 EUR/USD: There is still a sideways movement here. This pair also had a flat movement last week, for the price was unable to close above the resistance line at 1.1450 in spite of forays into it (the resistance line at 1...
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GBP/USD Attempting Gains Ahead of UK CPI Release GBP/USD is attempting gains, trading slightly higher on the day around 1.4244 ahead of the data in the UK which could show cost of living ticked higher in March. Offered at 1.4286 The currency pair ran out of steam at a high of 1...
EUR/USD Wobbles Near 1.1400 Ahead of German CPI The single currency is trading almost unchanged vs. the greenback today, with EUR/USD hovering over the 1.1400 handle ahead of German data...
FXWIREPRO: AUD/JPY Bounces Off Strong Trendline Support at 80.75, Good to Buy Dips AUD/JPY has taken strong trendline support at 80.75 and has edged higher to currently trade at 82.62...
FXWIREPRO: USD/SGD Refrains to fall Below Key Support at 1.3423, Good to Buy on Dips USD/SGD is currently trading around 1.3454 marks. It made intraday high at 1.3458 and low at 1.3430 levels. Intraday bias remains bullish till the time pair holds initial support at 1.3423 levels...
AUD/USD Climbs Further to Test 0.7550, Fresh Six-Day Highs AUD/USD the keeps positive Aus data-backed gains heading into early Europe, although failed near the mid-point of 0.75 handle on the back of lower gold and oil prices. AUD/USD finds good support ahead of 0...
UK March Headline Inflation Expected at 0.2% y/y - TDS Research Team at TDS, suggests that there were sharp cuts to many gas providers’ prices in March, but it’s not clear if the ONS will pick them up in March’s or April’s CPI release...
What COFER Data Imply for Chinese Reserves? - Nomura Research Team at Nomura, suggests that the inclusion of Chinese reserves data into COFER makes it difficult to follow what FX reserve managers are doing, while increasing expectations on the allocation of the Chinese reserves portfolio...
