USD/JPY Bulls Losing Their Edge? USD/JPY was slightly offered in a positive start, following a positive close on Wall Street. USD/JPY has been as high as 109.88 from intraday lows of 108...
FxWirePro: ASX200 Trades Well Above 5200, Good to Buy at Dips Major resistance - 5220 (55 W EMA) ASX200 has broken major resistance 5220 and jumped till 5290 at the time of writing. It is currently trading at 5275. Short term trend is slightly bullish as long as support 5200 holds...
NZD/USD: Lost the Top Spot, Targets 20 DMA at 0.6868 NZD/USD has found some stability below the 0.70 handle after intraday downside play from 0.7053 highs scored yesterday. NZD/USD was oscillating at 0.6980 ahead of Tokyo while the day ahead is absent of data for New Zealand...
FxWirePro: Nikkei Forms Inverse H&s Pattern, Good to Buy at Dips Pattern Formed-Inverse Head and shoulder Major resistance - 17300 The index has broken neckline around 16800 and jumped till 17250 at the time of writing .It is currently trading around 17237...
FxWirePro: USD/SGD Breaks Key Resistance at 1.3423, Good to Buy on Dips USD/SGD is currently trading around 1.3454 marks. It made intraday high at 1.3479 and low at 1.3434 levels. Intraday bias remains bullish till the time pair holds initial support at 1.3423 levels. A daily close below 1...
Among the more interesting questions in the FX market these days is: Why the failure to reach a deal in Doha had no significant impact on the global markets? The answer to this question is central for the near-term outlook of the G10 commodity currencies...
Remember at the start of the day the EURUSD was in a 38 pip trading range. That range has now been extended to an above average of 94 pips (the average is 82 pips) - and it might not be over. Looking at the daily chart, the EURUSD has a head and shoulders look to it...
Last weekends Elliott Wave weekly update spoke about the ongoing contracting wedge formation in cable, I had been expecting a further rise to the 14400 handle to complete three movements in wave ‘e’ of the triangle...
Sterling may lose one-quarter of its value if the U.K. votes to leave the European Union in its upcoming referendum, the head of a top London hedge fund told CNBC...
Analysts at UOB Group explained that there has been more news coming out from China that point to the difficulties facing Chinese corporates...
EUR/USD extended its recovery up through the “neckline” to the recent top and the 38.2% retracement of the recent fall at 1.1322/27 before stalling around this zone, notes Credit Suisse. "Support moves to 1.1315, then 1.1296, with a break below 1.1274/71 needed to retest 1.1234 low...
FxWirePro: Gold Tests Key 1256 Level, Scope for Further Upside Gold retreated slightly on Wednesday as dollar firmed after better than expected US housing data supported dollar and investors remained cautious ahead of the Eurozone interest rate decision followed by ECB press conference...
FxWirePro: USD/JPY Rebounds, Critical Resistance at Lies Ahead The USD/JPY pair slipped towards 108.74 levels initially in the European session, however the pair rebounded back strongly gaining back all losses suffered earlier after the release of positive US housing data...
Low inflation and subdued dairy prices will keep the New Zealand dollar in check over the course of the coming year. The pound sterling remains in a protracted downturn against the New Zealand dollar with the pair about to give up all the gains made in 2015...
Heading into Thursday's European Central Bank decision, the euro holds around $1.1300, at levels deemed not "too hot" or "too cold," but in the middle of the April range...
EUR/USD Drops to Test 1.1300 The euro dropped further against the US dollar and fell to 1.1300 hitting a new daily low. So far EUR/USD has been able to remain above 1.1300 but continues to hold a bearish intraday tone...
USD/CHF Reverses and Climbs Toward 0.9700, at 4-Week Highs The Swiss franc dropped sharply across the board during the American session and boosted the USD/CHF pair that rose from 6-day lows to 3-week highs. Yesterday the pair declined to 0.9584 and then rose modestly...
In order to get the timing right to participate in USD weakening requires a closer look at the US Treasury market. Rising bond yields within a non-US QE and international capital inflow environment may indicate a better US economy, seeing its savings declining and its capital demand increasing...
