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AUD/USD Fades the Spike, Back Below 0.7600 The Aussie dollar is now losing the grip, prompting AUD/USD to return to the area of session lows in the 0.7565/60 band...
Technical Analysis of NZD/USD for April 05, 2016 NZD/USD is expected to trade with a bearish bias. From a chartist view, the pair remains on the downside, capped by its declining 20-period and 50-period moving averages. The relatively strong index is mixed with bearish, calling for a new pullback...
Technical Analysis of GBP/JPY for April 05, 2016 GBP/JPY is expected to trade in a lower range as pair is under pressure. The pair has been capped by its descending 50-period moving average and remains under pressure...
Technical Analysis of Silver for April 05, 2016 Technical outlook and chart setups: Silver is seen to be trading at $15.10 levels at this moment, looking to reverse lower towards $14.50 levels at least before turning bullish again...
Technical Analysis of Gold for April 5, 2016 Gold price held above recent low yesterday at $1,207 but remains inside the bearish channel. A new higher high towards $1,300-$1,320 is not ruled out yet as a break above $1,250 will increase the chance of this happening...
Technical Analysis of EUR/USD for April 05, 2016 When the European market opens, the following economic news will be released: Retail Sales, m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, German Factory Orders, m/m...
Technical Analysis of USD/JPY for April 05, 2016 In Asia, Japan will release data on the 10-year Bond Auction, Average Cash Earnings, y/y. The US will unveil some economic data such as IBD/TIPP Economic Optimism, JOLTS Job Openings, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance...
EUR/JPY Drops to Lowest Since March 24th JPY bulls are on the rampage amid risk-off in the equities, courtesy of which the EUR/JPY cross has dropped to 125.70; lowest since March 24th. Offered below 50-DMA The offered tone gathered pace after the cross breached 50-DMA level of 126.72 in Asia...
Market Movers for The Day – Danske Bank Research Team at Danske Bank, suggests that in the US, the most important release today is the ISM non-manufacturing index for March...
Fed’s Evans: Markets Pricing of Rate Hikes More Pessimistic Than Fed More comments hitting the wires from Chicago Fed President Evans, as he speaks in Hong Kong: Needs to be proactive and aggressive to get up to FED inflation targets Financial markets pricing of U.S...
Release of a Slew of Services PMIs Today - Rabobank Stefan Koopman, Market Economist at Rabobank, suggests that this morning will see the release of a slew of services PMIs. Key Quotes “At 9:15 CET, Spain will do the kick-off, then followed by Italy, France (final) and Germany (final...
FXWIREPRO: NZ IRS Yields Indicate RBNZ to Go Below Existing OCR NZD continues to trade well – in trade-weighted terms, it is at a 6m high. RBNZ has been puzzling in recent monetary policies...
CAD: Trade Deficit Expected to Widen - TDS David Tulk, Head of Global Macro Strategy at TDS, suggests that the Canada's trade deficit is expected to widen in February to $1.0 billion as a pullback in exports is expected to outpace a weaker month for imports. Key Quotes “A forecasted 1...
CPI is Expected to Rise Modestly in 2016 – China’s NDRC China’s National Development and Reform Commission (NDRC) noted in its latest report that the Chinese price pressures are likely to rise this year, China Securities Journal reports...
FXWIREPRO: AUD/CAD Extends Range Trade, Capped Below Strong Trendline Resistance at 1.0002 AUD/CAD was rejected by strong trendline resistance at 1.0008. The pair is currently trading around 0.9957 levels after hitting session highs at 0.9976...
Gold Ignores Fed Rate Hike Talk, Stays on Front Foot Risk-off in Asia and the resulting safe haven demand overshadowed hawkish talk from Fed officials and kept Gold well bid heading into Europe...
USD/JPY Slumps to Fresh 2016 Lows at 110.60 The USD/JPY pair keeps falling in the early European trades, and now breaches the yearly lows reached at 110.65 last month...
Japanese Long-Term Bonds fall on Strong Labour Cash Earnings Report The Japanese long-term bonds slumped on Tuesday after strong labor cash earnings report, which reduces the probability of further BOJ easing in the near term...
FXWIREPRO: AUD/USD Fades RBA Induced Spike, Slips Below 0.76 Handle AUD/USD saw a 40-pips knee-jerk spike on RBA’s status-quo, hitting session highs at 0.7630. But bears quickly drag the pair lower. The major below 0.76 handle again, currently trading at 0.7589...
