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USD/JPY Finds Fresh Bids Near 113.50, Yellen in Focus Having peaked ahead of 113.80 levels in the last hour, the USD/JPY pair dropped sharply below the mid-point of 113 handle, before finding fresh bids at the last...
The euro to dollar exchange rate found buying interest at the start of the week at the 20 day moving average at 1.1154...
The Pound has been making a quiet recovery over the past week, with the UK currency tracking marginally higher against the Buck over that time frame. Thus far re-emergent GBP strength is still corrective in nature - i.e gains are not necessarily sustainable. Unless key resistance at 1...
The solid support seen in the GBP to EUR conversion rate of late has some analysts suggesting a budding rebound could advance beyond 1.30. Market otherwise appears content to pivot 1.2750 or so for now as previous declines are digested “With monthly indicators near a floor, only a break below 1...
Yesterday was a very successful day for buyers – #GPBUSD has shown a daily growth by almost 120 points. Restoring of quotes with almost no fundamental reasons took place amid low liquidity as the markets were closed due to the Easter Monday. Find out more by checking out the Source Link...
#USDCAD #quotes are close to the resistance line of the current medium-term downtrend. Here can be decided whether the bears will find the strength for a new attack. It is recommended to be out of the market until the pair crosses the support or the resistance level...
JPY: PM Abe Dampens Speculation of Sales Tax Postponement - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the PM Abe spoke in the Diet today and was clear that the government was not considering postponing the planned sales tax increase from 8% to 10% scheduled for April 2017, arg...
Fed Chair Yellen’s Speech in the Limelight Today – Deutsche Bank Research Team at Deutsche Bank, suggests that we are due to hear from Fed Chair Yellen, speaking at the Economic Club of New York (scheduled for 4.20pm GMT...
How many times in your trading career have you scraped a trading strategy? Frustration in trading often peaks when a strategy comes upon a series of losses that leads many to completely start over...
Calculated data levels: Support (S1 / S2 / S3 = 113,21.09 / 112,88), resistance (R1 / R2 / R3 = 113,63 / 75/96). Key support levels (1st from 113.03 to 113.35 at the end of the day, the 2nd of 112.80 to 113.16...
AUD/USD Faces Consolidation Near-Term – UOB In opinion of the research team at UOB Group, the Aussie dollar could face further consolidation in the next 1-3 weeks. Key Quotes “In recent updates, we were of the view that the pull-back from the high of 0...
How many times in your trading career have you scraped a trading strategy? Frustration in trading often peaks when a strategy comes upon a series of losses that leads many to completely start over...
Policy announcements from the ECB and the Fed in the last few weeks go some way to support the theory that G20 Central Bank governors came to a tacit agreement at their February Shanghai gathering that policy pronouncements in recent months had not been conducive to financial stability and instea...
US Really Ready for Hike as Markets Confused and Yellen Speaks Today – Investec Research Team at Investec, notes that over the Easter Bank Holiday weekend, the US Dollar stumbled after what had been several sessions of strength on increasing rate hike optimism...
EUR/USD Turns Positive Near 1.1200 A bout of selling pressure around the greenback is allowing EUR/USD to regain the positive territory and the 1.1200 handle. EUR/USD advances as USD retreats Spot has managed to bounce off session lows near 1.1170 and regain the 1...
Trading resumes after the Easter holiday. The multi-week trend is bullish since mid-February and the March 10 low of 6006 is the trend defining low, being the most recent swing low after that of February 24. Please see the chart below...
Pound Rises As European Equities Rebound After Long Weekend The British pound strengthened against the other major currencies in the European session on Tuesday, as investors return to trading following a long holiday weekend and await remarks from Fed Chair Janet Yellen on the U.S...
AUD/USD: GLOBAL DRIVERS… Easter was marked by a general firming in the USD, driven by Q4 GDP and further hawkish remarks by Fed speakers. However, last night’s personal consumption report saw some of this USD strength unwind. The AUD will continue to trade with global sentiment and commodities...
A marked pickup in U.S. household sentiment may drag on EUR/USD as it puts increased pressure on the FOMC to further normalize monetary poli...Continue Reading...
Calculated level for today: Support (S1 / S2 / S3 = 1,4155 / 16 / 1.4054) and resistance (R1 / R2 / R3 = 1,4279 / 1,4318 / 1,4380). Key support levels (1st from 1.4138 to 1.4209 late in the day, the 2nd of 1.4119 to 1.4195...
