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NZD/USD extends its bearish momentum into a third-day today, with the renewed bout of selling interest triggered by negative sentiment on the Asian markets and China slowdown worries. NZD/USD heavy, heading towards Tuesday’s low Currently, the NZD/USD pair trades -0...
The bid tone around the EUR keeps growing bigger heading into mid-Asian trades, with EUR/USD storming through 1.09 barrier and printing fresh three-day highs. EUR/USD on its way to daily R1 at 1.0921 Currently, the EUR/USD pair rises 0.20% to fresh three-day highs of 1...
USD/JPY met fresh supply just ahead of hourly 200-SMA at 123.02 and dropped sharply to fresh session lows near 122.80 region as risk-off moods persist, despite better than expected Chinese CPI data. USD/JPY eyes Tuesday’s low Currently, the USD/JPY pair trades -0...
EURUSD: Having taken back its Monday losses to close higher on Tuesday, EURUSD looks to resume short term uptrend triggered from the 1.0521 level. While the 1.0829/1.0796 zone continues to hold as support, the pair should build up on the mentioned short term uptrend...
EUR GBP, “Euro vs Great Britain Pound” we can see at the H1 chart, the current correction towards the retracement of 50% may yet continue. It’s highly likely that on Tuesday the pair may reach a new local low. Later, the market may continue its ascending movement to reach upside targets...
EUR GBP, “Euro vs Great Britain Pound” Europound is also being corrected. The closest target is the group of fibo-levels at 0.7295. Possibly, the market may resume moving towards its upside targets very soon...
we can see at the H1 chart, the current correction may continue towards the retracement of 50%. However, if the price rebounds from this retracement upwards, it may resume its ascending movement towards upside targets...
EUR USD, “Euro vs US Dollar” In case of Eurodollar, the local correction continues. Later, the pair may resume growing with the closest target at the group of fibo-levels near the retracement of 50%. If this level is broken, the market may continue its growth towards the retracement of 61.8...
As noted earlier, the uptick in price pressures was mainly driven by the health care, personal activities and transportation sector...
The Australian dollar reversed a part of previous losses and edged higher against its Japanese counterpart this session, driving AUD/JPY to fresh session highs just a hair-line short of 89 handle. AUD/JPY rises from 88.50 levels Currently, the AUD/JPY pair rises 0.21% to 88...
USD JPY, “US Dollar vs. Japanese Yen” At the H4 chart of USD JPY, Evening Star pattern indicates a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback...
The H1 chart of EUR USD shows a sideways correction. The downside Window provides support. Three Line Break chart indicates a bullish direction; Doji pattern and Heiken Ashi candlesticks confirm that the descending correction continues...
EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, bearish Three Methods pattern indicates a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction...
Analysts at Rabobank offered the key events taking place ahead...
- China's trade data in CPI and PPI was expected with the former edging up to 1.4% y/y while the latter was expected to see deflation deepen further to -6.0% y/y. The data arrived 0.1% higher for CPI and 0.1% lower for PPI. Analysts at Rabobank explained the spread is enormously problematic...
The consumer prices in the world’s second largest economy, China, ticked higher in Nov, coming in at 1.5% y/y against 1.3% booked in Oct. Markets had predicted an increase of 1.4% for Nov...
Analysts at Westpac got together and drew up and lost of key points for the key flow indicators for Australia and New Zealand. Key Quotes: "Japanese demand for A$ assets held up well in October as AUD/JPY stabilised around 85...
China sets Yuan central parity at 6.4140 vs 6.4078 Tuesday On Wednesday, the Chinese central bank, PBOC, sets USD/CNY reference rate at 6.4140 versus 6.4078 previous close, the highest levels since August 27...
The US oil keeps its recovery mode from almost seven-year lows on Wednesday and holds above $ 38 as markets remain wary ahead of fresh weekly supply reports from the EIA due later today. WTI: Bears take a breather from the recent rout Currently, WTI trades modestly flat at 38...
Analysts at ANZ explained the recent conditions surrounding AUD/USD. Key Quotes: "The AUD/USD came under pressure overnight as commodity prices tumbled. Oil made fresh cyclical lows, dragging down the commodity complex...
