Yen’s Rally Run Out of Steam - Rabobank Piotr Matys, EM FX Strategist at Rabobank, suggests that the Japanese shares posted strong gains with the Nikkei up 1.13% after the yen’s rally run out of steam following the longest stream of daily gains so far this year...
AUD/USD Still Expects a Pullback to 0.7480 – UOB According to analysts at UOB Group, the Aussie dollar could head towards the 0.7475/80 band in the near term. Key Quotes “We shifted to a neutral stance last Wednesday and expected the pull-back in AUD to extend lower to test the 0.7475/80 support”...
AUD/USD Firmer, Clinches Highs Near 0.7680 The better tone around the risk-associated space is bolstering the upside in AUD/USD to the vicinity of 0.7680 on Tuesday...
EUR/GBP Slumps to Lows Near 0.7980 The now stronger tone around the sterling is dragging EUR/GBP to test session lows in the 0.7985/80 band...
EUR/USD Fades a Spike to 1.1465, Back to Square One The EUR/USD pair trims gains and now slips back below the mid-point of 1.14 handle, having failed to sustain at fresh 2016 highs. EUR/USD hits fresh 2016 highs, then retreats Currently, EUR/USD trades 0.16% higher at 1...
GBP/JPY Eyeing 155.00 After UK CPI Data GBP/JPY is now eyeing 155.00 handle as a faster-than-expected rise in UK CPI strengthened the bid tone around Sterling. Trades at 3-day high At 154.90, the cross is trading at its three-day high. The bid tone improved around 154.22 (23.6% of 162.58-154...
USD/JPY: Risks Remain to the Downside – Danske Bank Arne Rasmussen, Chief Analyst at Danske Bank, sees the possibility that the pair could grind lower...
FXWIREPRO: Swedish Crown Hits Fresh Four-Week High of 9.2079 Crowns Per Euro After Better-Than-expected Inflation Data EUR/SEK is currently trading around 9.2248 levels. It made intraday high at 9.2630 and low at 9.2079 levels. Today Sweden released CPI data with positive numbers at 0.5% m/m vs 0...
EUR/JPY Could Visit 120.00 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could slip towards the 120.00 area. Key Quotes “EUR/JPY is stabilising just ahead of the 122.08 March low, we would allow for an overshoot to 120...
EUR/USD Now Targets 1.1495 – UOB Analysts at UOB Group see the pair facing strong resistance in the vicinity of the 1.15 handle. Key Quotes “There is not much to add as EUR traded quietly yesterday and closed almost unchanged for the day”...
UK CPI Beats Estimates UK Office for National Statistics data released today showed cost of living as measured by consumer price index (CPI) rose faster than expected due to sharp rise in transportation cost. CPI came-in at 0.4% m/m and 0.5% y/y, both above the estimated figure of 0.3% and 0...
EUR/GBP Drops Below 0.80 as UK CPI Beats Estimates EUR/GBP surrendered gains to print a session low of 0.7998 after the UK data showed inflation rose at a faster than expected rate in March. Trades below hourly 200-MA The cross turned lower from 0...
GBP/USD Through 1.43 on UK CPI The sterling continues its march north on Tuesday, now sending GBP/USD through the 1.4300 barrier, or daily highs...
USD/CHF Dips to Lows Near 0.9500 The selling interest around the dollar seems to have returned today, now sending USD/CHF to test session lows in the 0.9500 neighbourhood...
The meeting yesterday was very positive for the Gold, and am pleased to recall us, which reached the targets set out last week. Now the price to $ 1,250 area, reached by a great extension we keep it as a first support level. Hard to think that there is a settling around these values...
Central banks’ experiment with negative interest rates continues apace this year, with the BoJ the latest to have dipped a toe in the water and the ECB edging further towards the deep end last month...
Technical Analysis of USD/CHF for April 12, 2016 USD/CHF is expected to trade in a lower range as the key resistance is at 0.9580. The pair remains under pressure below its nearest resistance at 0.9580, which is expected to limit any upside potential...
Technical Analysis of NZD/USD for April 12, 2016 NZD/USD is expected to trade with a bullish bias above 0.6820. The pair remains strongly on the upside and is also supported by its rising 50-period moving average...
Technical Analysis of GBP/JPY for April 12, 2016 GBP/JPY is expected to trade in a higher range as the pair is bullish above 153.05. The pair stands above its support base at 153.05, which has allowed for a temporary stabilization. Meanwhile, the relative strength index lacks downward momentum...
