Here’s the market outlook for this week:: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bearish This pair was bearish last week...
USD/CAD: Weakness Has Further to Go - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the weakness in USD/CAD has further to go, a potentially higher March CPI this week thanks to stronger energy prices may well be a catalyst...
Guide to Today's Important Data and Events Few economic dockets scheduled for today and all with low to medium risks associated. Data Released so far – Japan – Corporate service prices up 0.2% y/y in February. Upcoming –...
FxWirePro: Indian Rupee Hits Fresh 2-Week Low Against US Dollar, Good to Buy on Dips USD/INR is currently trading at 66.70 marks. It made intraday high at 66.71 and low at 66.65 levels. Intraday bias remains bullish till the time pair holds key support at 66.47 marks. A daily close below 66...
FxWirePro: NZD/USD Holds Minor Support at 0.6835, Good to Short Breaks Below NZD/USD has broken strong trendline support at 0.6835 on Friday's trade and is currently trading at 0.6858. The pair is extending declines after upside was capped by channel top at 0...
FxWirePro: USD/JPY subdued on Profit Taking, Finds Strong Support at 111.04 USD/JPY remains subdued in early Asian session as markets resort to profit taking at highs. The major broke above strong resistance at 109.90 and took out 110.40 to hit highs of 111.88...
Asian Markets Start the New Week on a Lower Note, Gold Above $1230 All the major Asian indices are trading on a lower note on Monday. This week will be important as three central banks will announce monetary policy statements named RBNZ, Federal Reserve and Bank of Japan...
EUR/USD Keeps Range Near 1.1250, German IFO Eyed The shared currency rebounds versus its American counterpart in a quiet Asian session, with EUR/USD consolidating near daily tops as focus now shifts towards the German data due later today. EUR/USD finds bids near daily S1 at 1...
Silver More Favoured than Gold, Crude Longs Lifted - TDS Research Team at TDS, lists down the CFTC commitment of traders report for the week ending April 22nd, 2016...
USD/JPY Maintains its Forecast at 130 in 12 Months – Goldman Sachs Livesquawk reporting comments from Goldman Sachs on Japan’s plans on further policy measures and also on the yen outlook: Japan may show more credible commitment to inflate economy by taking permanent fiscal expansion steps togeth...
Asian Stocks in the Red, Central Banks Action in Focus The Asian stocks kicked-off the week this Monday on a weaker footing, as markets remain unnerved ahead of FOMC, RBNZ and BOJ monetary policy decision due later this week...
AUD/USD Off-Lows, Re-takes 0.7700 Amid Thin Markets The AUD/USD pair trims losses and re-attempts 0.77 handle in the Asian session this Monday, extending weakness for the fourth straight session. AUD/USD bounces-off 0.7690 Currently, the AUD/USD pair now drops -0.14% to 0...
NZD/USD: Subdued Awaiting RBNZ/FOMC NZD/USD had been a one way street this month until the support of the ascending channel was broken at the end of last week ahead of both the RBNZ and FOMC this week. NZD/USD had otherwise been well supported as it targets 0...
Preview of the Week Ahead in the U.S. - Nomura Analysts at Nomura explained that an eventful week that will feature the April FOMC meeting, GDP and the employment cost index for Q1, PCE prices, housing data, and consumer and business sentiment. Key Quotes: Monday New home sales...
AUD/USD: Bulls Remains Dominant in 1000 Pip Rally - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the AUD/USD pair posted a fresh 10-month high last week of 0.7834 on Thursday, but turned sharply lower into the weekend and closed at 0.7711...
FxWirePro: ASX200 Faces Strong Resistance at 5300, Good to Sell on Rallies Major resistance - 5300 ASX200 has made a high of 5291 on Friday and slightly declined from that level. It is currently trading at 5252. Short term trend is slightly bullish as long as support 5200 holds...
FxWirePro: AUD/NZD Almost Flat As Both the Countries Having Public Holiday in Observance of Anzac Day AUD/NZD is trading around 1.1239 marks. Pair made intraday high at 1.1247and low at 1.1218 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.1150 marks...
FxWirePro: Nikkei Faces Strong Resistance at 18150, Good to Sell on Rallies Major resistance - 18150 (200 day MA) The index has retreated after making a high of 1770. It is currently trading around 17445.Short term trend is slightly bearish as long as resistance 18150 holds...
FxWirePro: Singapore Dollar Falls ahead of CPI Data, Intraday Bias Remains Bullish USD/SGD is currently trading around 1.3546 marks. It made intraday high at 1.3559 and low at 1.3538 levels. Intraday bias remains bullish till the time pair holds initial support at 1.3489 levels...
