EUR/NZD Analysis for April 12, 2016 Recently, EUR/NZD has been moving downwards. As I had expected, the price tested the level of 1.6544 in a high volume. EUR/NZD has broken the upward channel. So, only watch for selling opportunities on the rallies...
CAD/CHF Faces Strong Resistance at 0.7410, Break Above Targets 0.7450/0.7515 Major resistance – 0.7410 (trend line joining 0.75168 and 0.7457) Minor support – 0.7370 CAD/CHF is facing strong resistance around 0.7410 and any break above confirms minor trend reversal .The pair has made a high of 0...
RUB More Vulnerable to Further Tightening of US Fed Policy in 2016 Since February, the USD/RUB pair has moved 13% lower and has closely tracked the move higher in crude oil...
USD/CAD Depressed Below 1.2900, Focus on Fedspeak The Canadian dollar remains on a firm footing today, now dragging USD/CAD to the 1.2870 area. USD/CAD lower on oil, USD selling The barrel of West Texas Intermediate has advanced to fresh highs above the critical $40...
EUR/USD Constructive Above 1.1340 – Rabobank Strategists at Rabobank keep the constructive outlook for the pair while above the 1.1340 pivot. Key Quotes “After fairly volatile March, EUR/USD has been trading in a relatively narrow range so far this month”...
EUR/USD Trims Gains, EUR/GBP Weakness Weighs Drop in EUR/GBP cross post strong UK CPI release has pushed EUR/USD pair back to 1.1418 (23.6% of 1.0463-1.1714). Fades spike to 1.1460 Once again the spike to 1.1460 levels was met with fresh offers...
Further Gains in EUR/USD Would be a Blow to the ECB - Rabobank Piotr Matys, EM FX Strategist at Rabobank, suggests that after fairly volatile March, EUR/USD has been trading in a relatively narrow range so far this month...
EUR/GBP Failure Expected at 0.8162/0.8200 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the upside in the cross could struggle in the 0.8162/0.8200 band...
US Oil Breaks Major Resistance $40.80, Targets $41.87/$42.73 Major resistance - $40.80 (trend line joining $50.91 and $41.87) Major support - $39 (7 day EMA) US Oil has broken major resistance $40.80 and jumped till $40.89. It is currently trading around 40.75...
EUR/USD Forms Diamond Pattern, Sell Below 1.13800 for Further Weakness Pattern Formed- Diamond pattern Major resistance -1.1450 Major support - 1.1370 The pair is trading in narrow range between 1.1370 and 1.14454 for the past two trading session. It is currently trading around 1.14227...
GBP/USD Extends CPI-Driven Rally Towards 1.4350 The bid tone surrounding the GBP keeps growing bigger as we progress towards the mid-European trades, now pushing GBP/USD towards the mid-point of 1.43 handle. GBP/USD sees a 60-pips rally post-UK CPI The GBP/USD pair advances 0...
Yen’s Rally Run Out of Steam - Rabobank Piotr Matys, EM FX Strategist at Rabobank, suggests that the Japanese shares posted strong gains with the Nikkei up 1.13% after the yen’s rally run out of steam following the longest stream of daily gains so far this year...
AUD/USD Still Expects a Pullback to 0.7480 – UOB According to analysts at UOB Group, the Aussie dollar could head towards the 0.7475/80 band in the near term. Key Quotes “We shifted to a neutral stance last Wednesday and expected the pull-back in AUD to extend lower to test the 0.7475/80 support”...
AUD/USD Firmer, Clinches Highs Near 0.7680 The better tone around the risk-associated space is bolstering the upside in AUD/USD to the vicinity of 0.7680 on Tuesday...
EUR/GBP Slumps to Lows Near 0.7980 The now stronger tone around the sterling is dragging EUR/GBP to test session lows in the 0.7985/80 band...
EUR/USD Fades a Spike to 1.1465, Back to Square One The EUR/USD pair trims gains and now slips back below the mid-point of 1.14 handle, having failed to sustain at fresh 2016 highs. EUR/USD hits fresh 2016 highs, then retreats Currently, EUR/USD trades 0.16% higher at 1...
GBP/JPY Eyeing 155.00 After UK CPI Data GBP/JPY is now eyeing 155.00 handle as a faster-than-expected rise in UK CPI strengthened the bid tone around Sterling. Trades at 3-day high At 154.90, the cross is trading at its three-day high. The bid tone improved around 154.22 (23.6% of 162.58-154...
USD/JPY: Risks Remain to the Downside – Danske Bank Arne Rasmussen, Chief Analyst at Danske Bank, sees the possibility that the pair could grind lower...
FXWIREPRO: Swedish Crown Hits Fresh Four-Week High of 9.2079 Crowns Per Euro After Better-Than-expected Inflation Data EUR/SEK is currently trading around 9.2248 levels. It made intraday high at 9.2630 and low at 9.2079 levels. Today Sweden released CPI data with positive numbers at 0.5% m/m vs 0...
