Daily Analysis of USDX for May 02, 2016 We could be in front of a possible double bottom pattern on the H1 chart, where the USDX is finding strong support around the 93.72 level...
EUR/JPY Halts 2-Day Sell-off, Regains 122 Handle The EUR/JPY battering seen last week appears to stall this Monday, with the JPY bulls having taken a backseat ahead of the key US NFP release. EUR/JPY moves-off 3-year low The EUR/JPY pair now gains 0.12% to 122...
Daily Analysis of GBP/USD for May 02, 2016 GBP/USD has been dealing with the strong resistance around the 1.4633 level, in which a breakout could produce another rally to reach new lows, possibly toward the 1.4722 level, which is a key level for sellers, who are highly active...
EURUSD: Looks To Strengthen Further With Caution EURUSD: With EURUSD closing higher the past week, further recovery is envisaged. However, it faces its key over head resistance located at 1.1464 level. Support lies at the 1.1400 level. Further down, support comes in at the 1...
EUR/USD Advances Further, Closer to 1.15 The single currency is extending its upside momentum at the beginning of the week, taking EUR/USD to the 1.1480 area. EUR/USD focus on Draghi, PMIs After hitting fresh 2016 highs just above 1...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risks associated. Data released so far – Australia – TD securities inflation grew 1.5% y/y in April, slower than 1.7% registered in March...
CHOOSE THE CONSTANCY DO NOT RUSH TO GAIN BECOUSE IT MEANS LOSING ALL YOUR MONEY!!! As many traders for a long time I tried a trading signal that would allow me to have a steady profit...
GBP/USD Supported at 1.4600 Amid Holiday-Thinned Trades The GBP/USD pair found renewed bids just ahead of 1.46 handle and now takes on the recovery towards daily highs amid a lack of fresh fundamental drivers as the UK markets remain closed today in observance of May Day...
AUD: NAB Business Survey Point to a Very Favourable Business Environment - NAB Research Team at NAB, notes that the NAB Business Survey continues to point to a very favourable business environment for Australian firms, despite giving up some of the strong gains witnessed in last month’s survey...
FxWirePro: USD/INR Breaks Key Support at 66.32, Good to Sell on Rallies USD/INR is currently trading at 66.32 marks. It made intraday high at 66.41 and low at 66.32 levels. Intraday bias remains bearish for the moment. A daily close below 66.32 will take the parity down around key supports at 66...
FxWirePro: USD/JPY Recovers Slightly from Fresh 18-Month Lows at 106.13, Good to Sell Rallies JPY bulls took a breather from their recent upsurge, USD/JPY is attempting a slight recovery from fresh 18-month lows at 106.13...
CAD: Canadian Dollar Flying High – BBH Research Team at BBH, suggests that the rising oil prices, a stand pat Fed with diminished chances of a Canadian rate cut, and a Bank of Canada that has not objected to the strength of the Canadian dollar has seen the Loonie's gains extended...
Leveraged Funds Increased AUD Net Longs - Westpac Research Team at Westpac, notes that the CFTC’s Commitment of Traders report showed that speculators were very much positioned the wrong way on the eve of Australia’s stunning inflation data...
Easing of Brexit Fears Helping in Sterling’s Surge - BBH Research Team at BBH, suggests that the broad dollar weakness and some apparently easing of Brexit fears helped lift sterling to two-month highs near $1.4665...
Gold: Remains On The Offensive Short Term GOLD: The commodity continues to face price offensive leaving risk higher in the days ahead. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level...
Gold Sits at 15-month Tops Amid Broad Based USD Weakness The gold prices keep range near fifteen-month tops, having found solid support from negative Asian equities induced risk-off trades. Gold: $ 1300 – a whisker away Currently, gold trades modestly flat at 1292...
JPY: Little to Prevent Additional Strength - BBH Research Team at BBH, notes that the BOJ surprised and disappointed many investors by not easing policy despite cutting its growth and inflation forecast...
FxWirePro: AUD/USD Struggles at 0.76 Handle, Weak Business Confidence Weighs Poor NAB business confidence data weighs on the Aussie, AUD/USD hit session lows at 0.7592...
Nikkei Crashes Above 3 Pct, Gold Remains supported Around Fresh 15-month High at $1290 All the major Asian markets are trading in red on the start of a new week. On the top, Nikkei crashes above 3 pct while Gold remains supported around fresh 15 –month high at $1290 marks...
