Daily Analysis of GBP/USD for April 15, 2016 On the H1 chart, GBP/USD has been doing a rebound above the support level of 1.4108, after it performed a decline from the April 12th highs. However, we're expecting that the Cable re-tests the support zone of the 1...
USD/CHF Initially Supported at 0.9620/45 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, occasional pullbacks in the pair should find support in the 0.9620/45 band...
SGD: MAS Surprises with a Zero Slope - Nomura Research Team at Nomura, notes that the Monetary Authority of Singapore (MAS) announced a shift to a zero rate of appreciation of the S$NEER policy band, with no change to the mid-point or slope...
AUD/USD Struggling Hard to Take-Out 2016 High The AUD/USD pair continues to trade at higher levels as sentiment remains buoyed by upbeat China macro news, although lacks momentum for further upside. AUD/USD manages to hold above 0.77 handle Currently, the AUD/USD pair rises 0.23% to 0...
GBP/USD Hovers Around 38.2% Fibo GBP/USD pair is hovering just below 1.4154 (38.2% of 1.4669-1.3835) after having recovered from the low of 1.4133 levels. Rejected at hourly 200-MA Spot made repeated failed attempts to take out hourly 200-MA throughout European and US session yesterday...
EUR/GBP Within Range After Chinese Data EUR/GBP is looking to consolidate the weekly drop from highs above the 0.8100 handle to the current area of 0.7955/50. EUR/GBP supported near 0...
FxWirePro: USD/SGD Hovers Around Key Resistance at 1.3628, Retail Sales Data Eye USD/SGD is currently trading around 1.3617 marks. It made intraday high at 1.3657 and low at 1.3611 levels. Intraday bias remains neutral till the time pair holds initial resistance at 1.3628 levels...
FxWirePro: AUD/JPY Edges Lower from Session Highs at 84.77, Further Upside AUD/JPY hit fresh nine-day highs of 84.77, and there is scope for test of 85 levels. Upside in the pair gathered significant pace after release of RBA’s Financial Stability Review (FSR...
EUR/USD Consolidating the Downside, Around 1.1260 The EUR/USD pair is seen moving back and forth in a 20-pips tight range in the Asian trades so far, keeping range near fresh two-week lows reached the day earlier. EUR/USD downside capped by 1.1250 Currently, EUR/USD trades modestly flat at 1...
NZD/USD Takes Flight Towards 0.6900, China Data Underpins The NZD/USD pair rebounded in the Asian session, bringing an end to its two consecutive sessions of declines and now approaches 0.6900 levels. NZD/USD supported at 0.6850 Currently, the NZD/USD pair jumps 0.47% to 0...
Having bottomed at the daily pivot at 0.7683 in the last hour, the AUD/USD pair is seen hovering at session tops following the Chinese economic releases. AUD/USD keeps 0.77 handle post-China data dump Currently, the AUD/USD pair rises 0.25% to fresh session highs at 0...
Gold Capped Below 5-DMA in Asia, Set for Weekly Drop Gold stalled its selling spiral in the Asian trades this Friday, although remains poised to book first weekly loss in three weeks as broad based US dollar advance continues to weigh on the metal...
ASX200 Trades Well Above 5100, Jump Till 5200 Is Possible Major resistance - 5130 ASX200 has broken major resistance 5130 and jumped till 5144 at the time of writing. It is currently trading at 5143. Short term trend is slightly bullish as long as support 5065 holds...
FxWirePro: Nikkei 225 Faces Resistance at 17000, Good to Buy at Dips Major resistance - 17000 The index has jumped till 16913 and slightly declining from that level. It is currently trading around 16840.Short term trend is slightly bullish as long as support 16275 (55 4H EMA) holds...
FxWirePro: USD/KRW Fails to Find Support Above 1153, Intraday Bias Remains Neutral USD/KRW is currently trading around 1150 levels. It made intraday high at 1154 and low at 1150 levels. Intraday bias remains neutral for the moment...
USD/JPY Making Headway Towards 110.00 The USD/JPY pair caught fresh bid tone in the Asian session this session and resumed its upward trajectory, now printing fresh weekly highs. USD/JPY finds support ahead of daily pivot at 109...
AUD/USD Prints Fresh Highs Above 0.7700 on Chinese Data Having bottomed at the daily pivot at 0.7683 in the last hour, the AUD/USD pair is seen hovering at session tops following the Chinese economic releases. AUD/USD keeps 0.77 handle post-China data dump Currently, the AUD/USD pair rises 0...
Expectations heading into Sunday's meeting of OPEC and non-OPEC members in Doha, Qatar, have served to propel oil prices higher, with West Texas Intermediate and Brent crude posting new 2016 highs this week...
Fed's Lockhart weakened the dollar a bit. He actually spoke like a Fed official who is data dependent (just like they said they would be) - citing 1Q GDP that is soft. Some of the other Fed officials say "data dependent" but then argue for higher rates or say April meeting is "live...
