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EUR/GBP Unmotivated Below 0.7900 EUR/GBP is looking to digest yesterday’s drop, currently navigating the 0.7890/80 band ahead of the opening bell in Euroland. EUR/GBP focus on NFP The cross continues to trade below the 0.7900 handle, trimming part of the weekly advance to tops near 0...
GBP/USD Rejected Near 1.4500, Recedes to 1.4475 Having bottomed near 1.4470 region in the last US session, the GBP/USD pair takes on the recovery towards 1.45 handle, only to face rejection just below the last and now trades back in the red zone. GBP/USD capped below 1...
USD/JPY Crosses V EUR, GBP, AUD, NZD, CHF, CAD, MXN The commonality in USD/JPY V its cross pairs among the majors and MXN is all correlate solidly to USD/JPY at upper 95% except CAD/JPY at 71% and 84% V AUD/JPY. Yet 84% is solid enough and as good to highlight it belongs to USD/JPY...
Emerging Markets: It’s a Break in, Not a Reversal of Bull Momentum - TDS Cristian Maggio, Head of Emerging Markets Strategy at TD Securities, suggests that since the start of the week, EM currencies have felt some negative pressure as the dollar gained strength...
FxWirePro: BTC/USD Faces Strong Support at $435, Good to Buy at Dips Major resistance -$457 (61.8% retracement of $469.87 and $435) BTC/USD has recovered after making a low of $438.It is currently trading around $447.44...
FxWirePro: NZD/USD Tests Strong Trendline Support at 0.6848, Focus on US NFP Report Weak demand seen for riskier/ higher yielding assets amid persisting risk-off profile, spurred by falling oil prices as well as global equities...
FxWirePro: ASX200 Recovers After Making a Low of 5194, Good to Buy at Dips Major resistance - 5300 Major Support - 5135 (200 day MA)| ASX200 pares early losses today morning after making a low of 5194. It is currently trading at 5252...
New Zealand Bonds Trade Flat Amid Quiet Trade The New Zealand bonds traded nearly flat on Friday amid subdued trade with investors seeking riskier assets. The yield on the benchmark 10-year bonds which moves inversely to its price stood unchanged at 2...
Japanese Markets Open for the First Time Since Monday, Gold Flat ahead of NFP Job Data All the major Asian indices are trading on a lower note on Friday ahead of US NFP job results. Japanese markets also open lower after long vacation. On the other side, Japanese Yen steady above 107...
EUR/USD Around 1.1400, a Typical Range-Play Ahead of NFP? As we step into the NFP Friday, traders shift to the side-lines amid increased nervousness, keeping EUR/USD absolutely flat-lined around 1.14 handle. EUR/USD stalls a 3-day slide Currently, EUR/USD trades almost unchanged at 1...
AUD/USD Cracks 0.74 on Dovish RBA SoMP, 100-DMA Eyed The AUD battering continues as we progress towards the late-Asian trades, with markets still assessing the RBA’s quarterly Statement of Monetary Policy (SoMP), which underscored concerns over softer inflation outlook...
Fed Speakers: June is a Live Meeting - Westpac Sean Callow, Research Analyst at Westpac, notes that yesterday there was lots of commentary from Federal Reserve members...
Guide to Today's Important Data and Events Few economic dockets scheduled for today, focus is on NFP report from U.S. Upcoming – China – China may announce Forex reserve today. UK – Halifax house prices report may get announced today...
FxWirePro: Nikkei225 Faces Strong Support at 15800, Good to Sell on Rallies Major intraday resistance - 16300 Major support - 15800 Nikkei index slightly retreated after making a high of 16260 at the time of writing.It is currently trading around 16022...
Australian Bonds Rally ahead of U.S. Employment Data The Australian government bonds rallied Friday for four consecutive days as investors were cautious ahead of U.S. employment data. Also, tumbling crude oil prices drove investors towards safe-haven assets...
US: NFP Expected to Rise by 200K in Apr - Westpac Sean Callow, Research Analyst at Westpac, suggests that the consensus for US Apr non-farm payrolls is 200k, after 215k in Mar and 245k in Feb...
FxWirePro: AUD/USD Breaks Below 0.7450 (38.2% Fib), Bears Tightening Their Grip Post RBA SoMP Release AUD/USD drops from 0.7470 region to break below 38.2% Fib of Jan to April rise at 0.7450...
FxWirePro: Aussie falls After RBA's Monetary Policy Statement AUD/NZD is trading around 1.0796 marks. Pair made intraday high at 1.0858 and low at 1.0781 marks. Today RBA released monetary policy statements...
Looking at a Weaker USD, Higher EUR/USD - BTMU Analysts at Bank of Tokyo Mitsubishi explained that a weak start to the calendar year for the US economy, the third in a row, prompted heightened recession concerns which reinforced US dollar weakness as well in the near-term...
