Add Long EUR/USD on Weakness, Sell GBP/USD - Westpac Research Team at Westpac, suggests that the GBP/USD remains high on their sell list for another week. Key Quotes “We sell GBP/USD at 1.4450, stop 1.4610. Doubt GBP has the vigour to punch much above 1...
Long NZD/USD and Short USD/CAD – Westpac Research Team at Westpac, suggests to buy NZD/USD on weakness and to sell USD/CAD on strength. Key Quotes “With all three signals greenlighting an NZD long our signals are even more emphatically bullish NZD this week vs last week...
EURUSD Daily Forecast: April 21 2016 EURUSD Forecast The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.1290. The bias is bearish in nearest term testing 1.1250 located around the H4 EMA 200 as you can see on my H4 chart below...
GBPUSD Daily Forecast: April 21 2016 GBPUSD Forecast The GBPUSD failed to continue its bullish momentum yesterday and hit 1.4320 earlier today. The bias is neutral in nearest term probably with a little bearish bias after another rejection to move above 1.4400 – 1...
USDJPY Daily Forecast: April 21 2016 USDJPY Forecast The USDJPY had a bullish momentum yesterday and hit 109.89 earlier today. The bias remains bullish in nearest term testing 110.00 – 110.96 area. Immediate support is seen around 109.50/20 area...
Negative rates, currency wars, even helicopter money for god’s sake. HELICOPTER MONEY! If that’s not a central bank running past their limits, then I don’t know what is. Scary...
AUD/USD Struggles with 0.7800, Risk-on Back in Vogue? Having found solid support near 0.7785/90 band, the AUD/USD pair attempts to extend gains beyond 0.78 handle, following in-line with expectations Australian business confidence numbers...
Euro zone finance ministers are ready to hold an extraordinary meeting next week if negotiations on the review of the Greek reform program are concluded, a senior EU official said on Wednesday, commenting that talks remained difficult...
USDCHF Daily Forecast: April 21 2016 USDCHF Forecast The USDCHF had a bullish momentum yesterday and now struggling around 0.9715 key resistance as you can see on my daily chart below...
Key Events Ahead - Westpac Analysts at Westpac noted the key events coming up. Key Quotes: "Most forecasters see Bank Indonesia keeping rates at 6.75% though there are a few calling for a 25bp cut. The Asian calendar is otherwise quiet. UK Mar retail sales (ex-autos & fuel) is seen at -0...
EUR/USD: Fresh Bids Emerge Near 1.1290, ECB in Focus The shared currency recovers losses and returns to the positive territory versus the American dollar in the mid-Asian trades, with EUR/USD now striving hard extend gains above 1.1300. EUR/USD eyes on 5-DMA at 1...
Gold Catches Fresh Bid in Asia, Re-Takes $ 1250 Gold reversed previous decline and swung back into the bids in the mid-Asian session, despite risk-on trades picking-up pace amid higher Asian equities. Gold regains hourly 200-SMA Currently, gold trades +0.37% at 1250...
FxWirePro: AUD/USD Trades Rangebound in the Asian Session, Momentum Higher The latest NAB confidence gauge showed both a resilient non-mining recovery and an outlook that has continued to improve, although the confidence figures matched estimates...
FxWirePro: Gold Refrains to Fall Below Key Support at $1242, Intraday Bias Remains Bullish XAU/USD is currently trading around $1248 mark. It made intraday high at $1251 and low at $1242 levels. Intraday bias remains bullish till the time pair holds immediate support at $1242 marks...
Reuters Survey: Japan Companies Not in Favour of Further Negative Rates The latest Japanese Corporate Survey conducted by Reuters raises doubts over BOJ’s negative interest rates policy...
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...
