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FXWIREPRO: AUD/USD Edges Higher on Upbeat China Services PMI Data, Good to Buy Dips AUD/USD rebounds from session lows at 0.7510 following the release of the Chinese services PMI report. Data showed that China services sector activity expanded from 51.2 in Feb to 52...
Currency market strategists are predicting greater weakness in the U.S. dollar over the next few months, as the Federal Reserve seems to have closed the door on interest rate hikes through the spring and left the greenback alone with a destructive bedfellow: rising inflation...
Asian Markets Trading on a Mix Note, Gold Hovers Around $1230 All the major Asian markets are trading on a mix note on Wednesday after two Central banks declared their interest rate decision on Tuesday. RBA decided to keep the cash rate on hold at a record-low 2...
FXWIREPRO: ASX200 Faces Strong Support at 4850, Good to Buy at Dips Major resistance - 4960 (Support turned into resistance) Major support 4850 ASX200 has recovered after making a low of 4890 level. It is currently trading at 4954...
FXWIREPRO: Gold Back Below $1230, Good to Buy on Dips XAU/USD is currently trading around $1228 mark. It made intraday high at $1230 and low at $1228 levels. Intraday bias remains bullish till the time pair holds key support at $1222 marks...
FXWIREPRO: Nikkei225 Faces Strong Support Around 15500, Good to Buy at Dips Major Support - 15500 The index has made a low of 15533 and started to recover from that level. It is currently trading around 15812.Intra day trend is slighty bullish as long as support 15500 holds...
The publication of the Panama Papers sent shock waves around the world. The reports by the International Consortium of Investigative Journalists, which CNNMoney hasn't been able to independently verify, allege that top officials around the world hid wealth through secret offshore companies...
FXWIREPRO: Japanese Yen Erases Previous Gain Against US Dollar,Intraday Bias Remains Neutral USD/JPY is currently trading around 110.48 marks. It made intraday high at 110.56 and low at 110.23 levels. Intraday bias remains neutral for the moment. Pair slips below 110...
FXWIREPRO: AUD/NZD Remains Supported Above 1.1062, Good to Buy on Dips AUD/NZD is trading around 1.1097 marks. Pair made intraday high at 1.1099 and low at 1.1075 marks...
•US Dollar Technical Strategy: Short On Hold of 200-DMA As Resistance •US Dollar Sees Largest 2-Day Drop since Topping in March 2015 •US Dollar Below 1-year 3-Standard Deviation Channel Dollar Bulls, or what’s left of them, have found themselves at a definitive level...
Australia: Going with the Flow - ING James Knightley, Senior Economist at ING, notes that the Reserve Bank of Australia (RBA) left policy unchanged, but suggested they continue to have room to act should inflation soften, citing currency strength as a key issue...
AUD: Set to Remain in 0.74 to 0.78 Range for Near-Term - Westpac Research Team at Westpac, notes that the RBA acknowledged the higher currency, but put forward 'some increase in commodity prices' and 'monetary policy developments elsewhere in the world' as driving factors...
Asian Sstocks See Relief Rally on Oil Rebound The sentiment on the Asian stocks rebounded this Wednesday, after a bearish start to the week, as the oil price rebound offered some reprieve to the energy sector stocks, while a weaker yen aimed reduced demand for safe-haven also boosted the Japanese...
Former BOJ Official: Little Possibility of Intervention to Curb Strong Yen In an interview via Bloomberg on Wednesday, Tohru Sasaki, head of Japan markets research at JPMorgan and a former official at the BOJ, said that the BOJ intervention is less likely to restrict the recent yen’s appreciation...
CAD: Hot on the Commodity Bloc – Deutsche Bank Robin Winkler, Strategist at Deutsche Bank, suggests that valuation differentials across the dollar bloc are at all-time highs and the Antipodes are 15% too expensive on PPP while CAD is 5% too cheap...
NZD/USD Back on the Bids above 0.68, Risk-on Underpins The NZD bulls caught a fresh bid tone over the last hour, allowing NZD/USD to regain 0.68 barrier as the oil price rebound lifts overall market sentiment. NZD/USD re-attempts hourly 200-SMA at 0.6817 Currently, the NZD/USD pair trades 0...
Gold Fails Near 20-DMA Resistance, Fed Minutes in Focus Gold prices reverse a part of yesterday’s solid rebound and now waver around $ 1230 barrier, on improved risk sentiment as Asian equities rebound along with the oil prices...
EURUSD Daily Forecast: April 06 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. As long as stay above 1.1335 price is still in a bullish phase testing 1.1500 which remains a good place to sell with a tight stop loss...
GBPUSD Daily Forecast: April 06 2016 GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.4121. The bias is bearish in nearest term testing 1.4050 area. Immediate resistance is seen around 1.4200/25...
