On Thursday the outcome of the ECB convening were three rates left at their former levels. The key refinancing rate remained at 0.00%, the rate for deposits was left at 0.40% and the ECB credit rate was left at 0.25%. Their asset purchasing program remained at 80 billion euros per month...
Markets reversed sharply on Thursday, with the dollar ending higher and oil prices giving up big early gains, as global investors grapple with the prospect that the Federal Reserve could raise interest rates sooner than expected. A drop in U.S...
FxWirePro: CHF/JPY Faces Strong Support at 112.80, Good to Buy at Dips Major resistance – 114 Major support – 112.80 The pair has made a slightly recovered till 113.47 at the time of writing after making a low of 112.80 yesterday. It is currently trading at 113.42...
Should Long Yen Position be Abandoned? We think not. Yen has taken beating since it failed to break resistance around 108 against Dollar, after earthquake devastated southern Japan’s Kumamoto region...
All Eyes on the BoJ Next Week – TDS Strategists at TD Securities have noted the relevance of the BoJ 2-day meeting due on April 27-28. Key Quotes “What they should do versus what they will do; standing idle risks strengthening the JPY”...
USD/RUB Slumps Below 66.00 on Oil Recovery The demand for the Russian Rouble is now picking up further pace, sending USD/RUB to fresh daily lows in the 65.80 area. USD/RUB lower on oil gains Spot is giving away part of yesterday’s strong rebound to the boundaries of 67...
GBP/NZD Surges Past 2.0900 Handle The powerful rebound witnessed in the GBP/NZD pair adds further weight on Friday as the pair continues to scale new highs and has now move above 2.0900 round figure mark...
USD/JPY Though 111.00 on Yen Selling The selling pressure is now gathering traction around the Japanese currency, lifting USD/JPY to fresh highs beyond the key 111.00 barrier...
EUR/CAD Drops to 1.4250, Fresh 2016 Lows With Canadian monthly retail sales data for Feb. beating expectations and rising inflation data, the EUR/CAD pair fell sharply to 1.4250, hitting fresh 2016 lows. Better-than-expected economic data lifts loonie Report on Feb...
USD/CAD Tumbles to 1.2660 on Data The Canadian dollar has recovered the smile today, now sending USD/CAD to post fresh session lows in the 1.2660 area...
Brexit would likely pressure EUR/USD towards the bottom of its range. The 5 vol spread between cable and EUR/USD volatilities makes the latter a cheaper proxy for investors still looking for hedging solutions...
EUR/GBP Drops Further, Tests 0.7830 The increasing bearish bias in the common currency is now dragging EUR/GBP to fresh lows in the 0.7830 area. EUR/GBP in 4-week lows The European cross has come under renewed selling pressure today, quickly breaking below the 0...
Pre Requisite Reading: EUR/USD: The Rally Appears to be Over Yesterday's ECB officials' statement accounted for the majority of the volatility in the pair, and even though EURUSD jumped above April 20th high, it did not take long before the ...Read More...
Gold Sustaining Weakness Below $1250 Trading below $1250 mark, Gold extends its Thursday's reversal from $1270 level and Friday's bounce above $1250 mark is being sold into...
Hi traders, EURGBP can go anywhere, so better wait patiently in the Support and Resistance. This is my last trading plan (Swing style) this week and a week ehead for EURGBP. We can also take minor Support and Resistance of A2SR for Scalping or Daily trades (short term...
USD/JPY Jumps to 110.70 on BoJ Speculation Speculations that the Bank of Japan would announce additional stimulus next week triggered yen weakness across the board and the USD/JPY pair jumping to as high as 110.75...
Ichimoku Cloud Analysis: GBP/USD, Gold Analysis for April 22nd, 2016 GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1...
GBP/USD Firmer, Regains 1.4400 and Above The sterling has reverted the earlier drop and is now pushing GBP/USD to daily tops beyond the 1.4400 mark...
ECB's Latest Stimulus Fails to Lift Euro Area Business Expectations According to the latest PMI data released by Markit on Friday, euro area manufacturing and services sector activity remained subdued in April...
