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EUR/GBP Stable Around 100-DMA, UK Manufacturing Data Eyed Following an intra-day sharp slide of over 100-pips and a subsequent recovery to half-way mark on Tuesday, the EUR/GBP cross seems to have found equilibrium on Wednesday and is currently trading around 100-day SMA near 0.7800 region...
Buy NZD on Dips to 0.6720 - Westpac Research Team at Westpac, suggests buying NZD on dips to 0.6720, stop at 0.6650 on bullish macro and model signals. Key Quotes “The US dollar is under renewed selling pressure, pushing NZD/USD higher towards 0.7050...
Iron Ore Riding an Unsustainable Wave - NAB Gerard Burg, Senior Economist at NAB, suggests that after trending lower across 2015, iron ore prices staged a short-term volatile rally in early 2016 – returning close to US$70 a tonne in late April...
GBP/USD: Upside Capped by 1.4560, Awaits UK Data The bears are seen guarding 1.4560 fencing, as the GBP/USD pair fails every attempt to extend the upside beyond the last, despite improving risk sentiment. GBP/USD trades above 20-DMA at 1.4540 Currently, GBP/USD now trades +0.06% higher at 1...
FxWirePro: AUD/USD Upside Capped Below Daily Cloud, Some Consolidation Likely Before Next Move AUD/USD trades modestly flat on the day, likely to consolidate gains of the previous session. The pair spiked to hit fresh five-week highs of 0...
EURUSD Daily Forecast: June 08 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.1470. Immediate support remains around 1.1285...
GBPUSD Daily Forecast: June 08 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday topped at 1.4659 but closed lower at 1.4542. The bias is neutral in nearest term and price is still trapped between 1.4700 – 1...
USDJPY Daily Forecast: June 08 2016 USDJPY Forecast The USDJPY was indecisive yesterday. Price slipped above 107.70 resistance area but whipsawed to the downside and hit 106.72 earlier today. The bias is bearish in nearest term testing 106.00 – 105...
USDCHF Daily Forecast: June 08 2016 USDCHF Forecast The USDCHF continued its bearish momentum yesterday bottomed at 0.9644. The bias remains bearish in nearest term testing 0.9570. Immediate resistance is seen around 0.9670...
Buy AUD on Dips into 0.7305 - Westpac Research Team at Westpac, suggests buying AUD on dips into 0.7305, stop 0.7215, as two of their three signal inputs are turning constructive on the AUD. Key Quotes “The RBA’s steady hand this week was no surprise but the lack of an overt easing bias was...
CHF: Swiss Reserves are Not What They Seem - BBH Research Team at BBH, suggests that the news that Switzerland's reserve rose to a new record high of CHF602.1 bln in May from CHF587.9 bln in April spurred talk that the SNB has been intervening covertly...
Long EUR/USD at 1.1358 - Westpac Research Team at Westpac, suggests that to go long in a EUR/USD at 1.1358 while maintaining a stop of 1.1240. Key Quotes “Softer US retail sales could weigh on the USD while the FOMC is likely at best neutral if not negative for the USD too...
FxWirePro: Go Long on XAU/USD Only Above $1,248 With Stop Loss at $1,238 and Target of $1,268 XAU/USD is currently trading around $1247 marks. It made intraday high at $1242 and low at $1249 marks. Intraday bias remains bullish till the time pair holds key support at $1232 marks...
Asian Markets in Red, Gold Hovers Around Key Resistance at $1248 All the major Asian indices are trading on a lower note on Wednesday but on the other side, Gold gains in early hours and trading around key resistance at $1248 marks...
NZD/USD Turns Positive on China Trade, Nears 0.7000 Having bottomed out at 0.6946 levels in early Asia, the NZD/USD pair takes on the recovery towards 0.70 handle, running though fresh bids on the release of Chinese trade data...
AUD/USD: Bulls Rescued by Upbeat China Imports, Regains 0.7450 The AUD/USD pair caught a fresh bid tone and trimmed losses to retest five-week highs, following the release of positive Chinese imports and exports data. AUD/USD rises above 50-DMA at 0...
China Trade Surplus for May Narrower-Than-Expected China trade balance (USD) for the month of May came in at 49,98B vs 55.70B expected and 45.56B last, with exports (YoY) (in USD terms) stood at -4.1% vs -4% epected and -1.80% last, while imports (YoY) were -0.4% vs. -6.80% exp and -10.90% last...
GOLD: The commodity continues to face upside pressure though closing marginally higher on Tuesday. It was seen heading higher during early trading on Wednesday. On the downside, support comes in at the 1,230.00 level where a break will turn attention to the 1,220.00 level...
Earlier than the introduction of automated buying and selling robots merchants around the world had sought modern and technological ways to make trading a lot easier and environment friendly with out experiencing loss of money since a lot of money is concerned within the trading scene...
