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...
NZD: RBNZ on Edge - ING Research Team at ING, favours a stable rates from the RBNZ, but it looks as though it will only be a temporary pause...
JPY: Deciphering the Pre-BoJ Data Deluge - ING James Smith, Economist at ING, suggests that the raft of data due just hours before the BoJ releases its April decision is likely to paint a fairly bleak picture, with consumption and inflation both losing steam...
Fed to Retain Cautious Stance to Further Tightening - MUFG Lee Hardman, Currency Analyst at MUFG, expects the Fed to retain a cautious stance towards further monetary tightening at tonight’s FOMC meeting...
FxWirePro: FTSE100 Faces Strong Resistance at 200 Day HMA, Good to Sell on Rallies Major Intraday resistance- 6305 (200 day MA) Major intraday support -6240 (trend line joining 6260 and 6248) FTSE100 has made a low of 6248 yesterday and slightly recovered till 6298 from that level...
FxWirePro: Indian Rupee Fails to Break Key Resistance at 66.96, Back Around 66.50 USD/INR is currently trading at 66.53 marks. It made intraday high at 66.59 and low at 66.48 levels. Intraday bias remains neutral for the moment. A daily close below 66...
GBP/JPY Reclaims 162.00 Mark Ahead of UK GDP Release Recovering from early dip below 162.00 mark, the GBP/JPY pair has spiked over 60-pips to currently trade near 162.50 level ahead of UK GDP release for the first quarter of 2016...
AUD: Record Low Core Inflation Increases Pressure on RBA to Ease – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the Australian dollar has declined sharply in the Asian trading session falling by over 1...
GBP/USD Breaks Through 1.46 Ahead of UK GDP GBP/USD has seen aggressive buying flows in early London, sending the exchange rate from 1.4550 low in Asia, to now break the 1.46 area and set new highs at 1.4620 ahead of the UK GDP Q1 preliminary report, due at 8.30 GMT...
EUR/AUD Surges to 1.4870 on Weak Australian CPI The EUR/AUD on Wednesday surged to 1.4870 level on the back of a surprise drop in Australian CPI print for March quarter. According to the data release today, Australian headline inflation fell by 0...
AUD to Outperform GBP Until Brexit Vote - Westpac Sean Callow, Research Analyst at Westpac, suggests that despite recent gains, rallies in the pound are unlikely to be sustained as markets continue to place a significant risk premium on sterling due to political division and business uncertainty...
EUR/USD Holding 1.1300 Mark, FOMC Key Event Risk Although retraced from higher level on Tuesday, the EUR/USD pair continues to hold above 1.1300 handle and is now attempting a retest of 1.1315 resistance level. The 1.1315 level resistance marks 23.6% Fibonacci retracement level of 1.0830-1...
AUD/USD Extends CPI-Led Sell-Off, Attacks 0.7600 The bearish pressure around the AUD gained further traction heading into Europe open, knocking-off AUD/USD to fresh weekly lows ahead of 0.76 barrier. AUD/USD erodes more than 150 pips Currently, the AUD/USD pair sinks -1...
USD/JPY Trading in a Narrow Range, FOMC and BoJ Eyed On Tuesday, the USD/JPY pair managed to recover during the US trading session just to drift back towards 111.00 handle during Asian session on Wednesday...
In anticipation of today's #Fed meeting results there are no clearly optimistic or pessimistic expectations in the market. Let's look at a few possible scenarios. If the #FOMC accompanying statement remains unchanged, it may harm the dollar. Find out more by checking out the Source Link...
Asian Markets Mix ahead of FOMC, Gold Remains Supported Above Key Resistance at $1242 Major Asian indices are trading on a mix note on Wednesday as later today US will release interest rate decision...
NZD/USD Tracks Aussie Lower Post-CPI Debacle The selling interest around the NZD picked-up pace after its OZ neighbour, the Aussie collapsed following the release of awful CPI report. NZD/USD stalled a 2-day recovery Currently, the NZD/USD pair trades 0.30% lower at 0...
Gold Reverses a Spike to $ 1247, FOMC in Focus The bulls took a breather from its overnight rally in mid-Asia, sending gold slightly lower from fresh three-day highs, despite a broadly subdued greenback. FOMC statement in focus Currently, gold trades modestly flat at 1243...
