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The sterling is accelerating its downside today, dragging GBP/USD to the boundaries of the 1.4200 key support. GBP/USD lower on USD, PMI The pair has given away yesterday’s strong advance to the 1...
FXWIREPRO: Swedish Krona Falls After Lower Than expected Industrial Production Data EUR/SEK is currently trading around 9.2607 levels. It made intraday high at 9.2671 and low at 9.2450 levels. Today Sweden released industrial production data with negative numbers at 0.1% m/m vs 0...
The Swedish krona is losing ground today vs. the single currency, pushing EUR/SEK to the area of session tops near 9.2700...
FXWIREPRO: NZD/USD Breaks Below 0.68 Handle, Sell Rallies, Target 66.80 NZD/USD bears tighten grip below 0.68 handle, pair hit fresh weekly lows at 0.6770. New Zealand Institute of Economic Research (NZIER) Survey of Business Opinion was released earlier today...
EUR/USD Breaks Major Support 1.13700, Targets 1.1280/1.1200 Major support - 1.13700 Major intraday resistance - 1.14050 The pair has retreated after making a high of 1.1405 yesterday. It is currently trading around 1.13640. Intraday trend is still weak as long as resistance 1.1405 holds...
Technical Analysis of GBP/CHF for April 05, 2016 Technical outlook and chart setups: The GBP/CHF pair had stalled at 1.3710/20 levels yesterday before dropping lower. The pair is seen to be trading at 1.3650/60 levels at the moment, and a push above 1.3720 levels would be encouraging for bulls...
Elliott Wave Analysis of EUR/JPY for April 5 - 2016 Wave summary: EUR/JPY is accelerating nicely lower as wave v is starting to unfold in practice. Short term, we expect minor resistance near 126.43 will protect the upside for decline to below support at 124.64 confirming a return to the 122...
Elliott Wave Analysis of EUR/NZD for April 5 - 2016 Wave summary: It finally looks as this cross is beginning to accelerate. In the short term, we expect that minor support at 1.6682 will be able to protect the downside for a continuation higher to minor resistance at 1...
Technical Analysis of USDX for April 5, 2016 The Dollar index did not make any substantial move yesterday and continues to trade around the support of 94.50. The trend remains bearish in the short and medium term. Bears however should be very cautious and protect their positions with tight stops...
The cross in the EUR/GBP continues to trade in the upper band of 0.79 handle, unable to take-out 0.80 barrier as the downbeat German factory data along with the EMU services PMI reports keep a check on the upside...
Technical Analysis of USD/CAD for April 5, 2016 General overview for 04/04/2016: The intraday support at the level of 1.3007 worked very well, but after the bounce bulls weren't strong enough to clearly break out above the neutral zone...
Technical Analysis of EUR/JPY for April 5, 2016 General overview for 05/04/2016: Both of the projected target levels for wave c were violated. Currently the market is trading below this levels, testing the 78% Fibo support at the level of 125.50...
Technical Analysis of USD/CHF for April 05, 2016 USD/CHF is expected to trade in a lower range as the key resistance is set at 0.9625. The pair remains under pressure below its resistance at 0.9625 since March 31, and is more likely to test the next support at 0.9555 in the coming trading hours...
Oil in Global Economy Series: Saudi Arabia Bleeds Reserve Amid Lower Oil Saudi Arabia’s pains are visibly on the rise as the economy facing threats of downgrades, if it fails to check on its ballooning fiscal deficit, which is projected to be 15-16% of GDP this year...
GBP/USD Breaks Major Support 1.4250, Decline Till 1.4100 Is Possible Major resistance – 1.43200 (4H Kijun-Sen line) Major Support - 1.4250 The cable has made a high of 1.43215 and declined from that level. It is currently trading around 1.4328. The pair has broken major support and 1...
European Stocks Drop, Dax down More Than 2% Bears are making their presence felt today across European bourses as slide in oil prices and Fed rate hike talk rattled bulls. At the time of writing, Stoxx 50 index was down 1.8%. Germany’s DAX was down 2.23%, followed by a 1...
USD/JPY has recently shown virtually little reaction to favorable factors such as BoJ easing or strong US indicators such as payrolls...
According to the research team at UOB Group, the EUR’s upside momentum could have lost some traction. “EUR is holding on to its recent gains and at this stage, it is still unclear if it can move higher in a sustained manner in the days ahead”. “A close above 1...
Stefan Koopman, Market Economist at Rabobank, notes that in a speech in Rome that mainly focused on the risks and costs of too-low inflation, ECB chief economist Peter Praet tried to inject another dose of dovishness into markets...
