EUR/USD Downside Appears Limited – Westpac Strategists at Westpac see the pair could struggle to drop further in the near term. Key Quotes “Sharp reversal off a critical resistance zone hints that a high may be in place for now”...
AUD/USD: Bulls Rescued by Stabilizing Oil, Regains 0.7500 The AUD/USD pair caught fresh bid-wave near 0.7470 region and swung back higher to 0.75 handle as a pause in the oil price sell-off underpins the sentiment. AUD/USD eyes on 0.7550 Currently, the AUD/USD pair advances 0...
USD Sell-Off Over? – Danske Bank Chief Analyst at Danske Bank Allan von Mehren believes the downside in the US Dollar could be almost over. Key Quotes “The sell-off in the DXY Index accelerated early on Tuesday, only to reverse later in the day”...
FxWirePro: AUD/USD Downside Pauses Above 38.2% Fib, Further Weakness on Breaks Below AUD/USD downside stalls just shy of 38.2% Fib of Jan to April rise at 0.7450, further downside can be seen only on breaks below...
FxWirePro: Gold Struggles to Close Above $1300, Good to Sell on Rallies Potential reversal Zone - $1303 (May 2nd high) Gold has once again broken major psychological resistance $1300 and jumped till $1301.70 yesterday...
US Treasury: Another Warning for Japan – Westpac Sean Callow, Research Analyst at Westpac, suggests that in the US Treasury’s semi-annual FX report to Congress, there is no formal designation of currency manipulation but a new “Monitoring List” has been brought in, with the inaugural members Chin...
USD/CAD Retreats from Highs, Back Near 1.2720 The upside momentum in the greenback seems to be taking a breather ahead of the European open today, with USD/CAD easing some ground to the 1.2720 area...
Oil: Bears Take a Breather, Steadies Before US Jobs, EIA Report After a sharp sell-off in the previous session, oil benchmarks on both sides of Atlantic look to stabilize on Wednesday as focus now shifts towards the key US ADP data and EIA inventory report...
EUR/GBP in Red Around 0.7900, UK Data Eyed EUR/GBP is snapping a 3-day positive streak on Wednesday, currently wobbling around the 0.7900 handle after testing highs near 0.7920 on Tuesday...
USD/CHF Ends 7-Day Losing Streak, Bounces to 0.9570 The bulls were offered much-needed respite from the broad based US dollar rebound, lifting the USD/CHF pair from multi-month troughs. USD/CHF heading towards 0.9600? Currently, the USD/CHF pair trades +0.24% higher at 0...
GBP/USD Back on the Bids Near 1.4550, UK PMI Eyed The GBP/USD pair brought a pause to its yesterday’s slide, now attempting a tepid-bounce towards daily highs as the US dollar recedes gains against its major rivals. GBP/USD: UK construction PMI in focus The GBP/USD pair trades +0.06% higher at 1...
JPY: Fiscal Stimulus in Focus – Nomura Yujiro Goto, Research Analyst at Nomura, notes that the USD/JPY continues to trade weakly, while Japan has its long holiday...
FxWirePro: USD/INR Opens Higher at 66.62, India's Service PMI Data in Focus USD/INR opened at 66.62 marks vs 66.52 previous close. Intraday bias remains bearish till the time pair holds key resistance at 66.75 marks. A daily close below 66.48 will take the parity down around key supports at 66...
FxWirePro: NZD/USD Shrugs-Off Upbeat Jobs Data, Slips Below 0.69 Handle, Good to Sell Rallies NZD/USD reversed early spike on the back of upbeat NZ jobs data, and has slipped below the 0.79 handle...
EUR/USD Bears in Control, Targets 1.1450 Ahead of PMIs The selling pressure around the EUR/USD pair intensifies in a relatively quiet Asian session, with the greenback extending its rebound against its major peers amid resurgence of Fed rate hike talks...
Australia: Uncontroversial Budget with Few Risks to AAA Rating - Nomura Research Team at Nomura, suggests that the Australian budget looks likely to have little impact on macro and market prospects over the coming year or two...
FxWirePro: USD/JPY Bounces Off Strong Trendline Support, Back Above 107 Handle USD/JPY is extending recovery above 107 handle after hitting fresh 18-month lows at 105.54 on Tuesday's trade...
Asian Markets in Red As PBOC Devalued Yuan, Gold Back Below $1290 All the major Asian indices are trading on a lower note on Wednesday as PBOC set the Yuan reference rate at 6.4943 on Wednesday compared with 6.4565 a day earlier, showing a currency devaluation of around 0...
FxWirePro: Kiwi Falls on the Back of Higher Than expected Unemployment Rate AUD/NZD is trading around 1.0858 marks. Pair made intraday high at 1.0877 and low at 1.0804 marks. Today New Zealand released employment data. New Zealand’s unemployment rate rose from a revised 5...
