USD/JPY Bounces-off 111, Tests 5-DMA Before FOMC The US dollar managed to recover losses versus its Japanese counterpart in the European session, now pushing USD/JPY to fresh daily highs on 111 handle...
Technical Analysis USDX for April 27, 2016 The weak Durable Goods orders announced yesterday put some pressure on the Dollar index which initially broke below short-term support but as I said in a previous analysis, at the current levels the Dollar is oversold, and the downside is limited...
Technical Analysis of Gold for April 27, 2016 Gold is still trading inside the triangle pattern and it seems that it is going to test the upper boundary once again very soon. I continue to remain neutral or slightly bearish as long as we are below the resistance of $1,260-70...
Technical Analysis of USD/CAD for April 27, 2015 General overview for 27/04/2016: The count has been a little modified to incorporate the latest developments and it looks like the market is trying to complete a triple zig-zag pattern in the big wave Z brown...
Daily Analysis of Major Pairs for April 27, 2016 EUR/USD: The EUR/USD is still slightly higher in the context of a downtrend...
Gold Regains Poise, Set to Test $ 1250 Ahead of FOMC? The bullion ran through fresh bids during the European session, now pushing further towards $ 1250 mark as we head closer towards the Fed interest rate decision. Gold: Short-covering ahead of Fed Currently, gold trades 0.30% higher at 1246...
EUR/USD: Shift from bearish to neutral: Likely in 1.1200/1.1400 range. The break of 1.1330 (high of 1.1338) suggests that the bearish phase that started about 2 weeks ago has ended (target at 1.1145 was not met...
Pound Likely to Extend Gains Post GDP Pound has just snapped back, finding support around 1.4 area and now up more than 500 pips from there, despite all the fears surrounding a British exit from European Union, after June referendum on 23rd...
Elliott Wave Analysis of EUR/NZD for April 27 - 2016 Wave summary: We are still waiting for a break above important resistance at 1.6490 to confirm that an important bottom has been seen at 1.6062. A break above the 1.6490 resistance will call for much more upside towards 1...
GBP/USD Recovers Losses, but Stays Below 1.46 on UK GDP The British pound recovers losses and regains bids versus its American counterpart in the European morning, with GBP/USD re-attempting a break above 1.46 handle. GBP/USD bounces-off 1...
EUR/GBP Trims Early Gains After UK GDP Release Just ahead of the UK GDP print for the first quarter of 2016, the EUR/GBP pair gained momentum but failed to build on to the early strength and has now dropped below 0.7775 level to currently trade near 0.7765...
Elliott Wave Analysis of EUR/JPY for April 27 - 2016 Wave summary: We continue to look for more upside pressure towards 127.77 in red wave iii. In the long term, much higher highs are expected as the large correction from 149.55 most likely ended with the test of 121...
Technical Analysis of EUR/USD for April 27, 2016 When the European market opens, some economic news will be released such as the German 30-y Bond Auction, Private Loans y/y, M3 Money Supply y/y, GfK German Consumer Climate, and German Import Prices m/m...
Technical Analysis of USD/JPY for April 27, 2016 In Asia, Japan will release the All Industries Activity m/m and the US will release some economic data such as the Federal Funds Rate, FOMC Statement, Crude Oil Inventories, Pending Home Sales m/m, Goods Trade Balance...
GBP/AUD Awaits UK GDP Release to Build on Today’s Momentum The GBP/AUD surged nearly 400-pips on Wednesday, breaking past 1.9000 psychological mark and testing 1.9200 mark before retracing a bit to currently trade near 1.9110 just ahead of the UK GDP release...
EUR/USD Jumps to Test Tuesday’s High Near 1.1335 A sudden bout of buying interest gripped the EUR/USD pair post-European open, with the bulls driving the prices way beyond 1.13 handle. EUR/USD advances ahead of Fed verdict Currently, EUR/USD trades +0.24% higher at 1...
Daily Analysis of USDX for April 27, 2016 USDX has been doing strong declines from the April 22th highs, and now we're seeing a strong rebound above the support level of 94.26...
Daily Analysis of GBP/USD for April 27, 2016 The H1 chart structure is still bullish, but be cautious when doing intraday trading on the Cable, as it scopes to do another rally toward the 1.4714 level. However, a pullback is expected to reach the support zone of 1...
FOMC: All Eyes on the US Central Bank Today – Danske Bank Research Team at Danske Bank, suggests that the key event today is the FOMC meeting, which is set to conclude with merely a statement (no press conference or projections). Key Quotes “We expect the Fed to maintain the target range at 0...
