EUR/JPY Bounces-off 4-Week Lows, Retests 123.50 The cross in EUR/JPY halted its massive downslide and is seen recouping a small portion of the decline heading into the mid-European trades. EUR/JPY finds support ahead of March 9 lows at 123.00 The EUR/JPY pair slumps -1.33% to 123...
EUR/USD Wobbling Around 1.1400 The shared currency has returned to the negative territory today, dragging EUR/USD to the area below 1.1400 the figure. EUR/USD gains capped near 1.1460 Spot could not sustain the earlier upside towards fresh 2016 peaks in the 1...
FXWIREPRO Short Term Outlook: Euro Likely to Reach 1.16 Against Dollar All those, who would like to long Euro but still struggling to find a suitable entry, well today seems to be the day for you. Today Euro cleared above recent high and touched new six month high against Dollar around 1...
AUD/USD Dumped Heavily as Risk-off Returns, Near 0.7550 AUD/USD shaved-off gains and plummeted sharply in the European session, as risk-aversion returned to markets as the oil prices as well as the European equities turned into the red zone. AUD/USD fails near daily R1 at 0...
Global Macro Overview for 07/04/2016 (USD/JPY) Bank of Japan Governor Haruhiko Kuroda reiterated the central bank's readiness to take additional monetary easing steps if needed to reach its 2% inflation goal...
Global Macro Overview for 07/04/2016 (EUR/USD) The Fed Meeting Minutes signaled that according to the policy makers, the April rate hike is unlikely. This confirmed the market growing anticipation and that the US central bank will act cautiously until the global economy regains steam...
USD/CHF Surrenders Gains, Near 0.9550 Sudden buying interest in the greenback has lifted USD/CHF to test highs in the vicinity of 0.9580, albeit losing vigour soon afterwards...
Analytical Review of the Currency Pair USD/CAD Technical data of the currency pair: Previous closing: 1.3092; Daily range: 1.3024-1.3100; Opening: 1.3092; 52- week range: 1.1916-1.4692; Annual revenue: +4.55%; Change in % for the previous day: -0.45...
USD/JPY Now Approaching 108.00 Handle JPY’s rally continues without break, with USD/JPY pair now eyeing 108.00 levels. The sell-off is weighing over majors via weakness in JPY crosses...
FXWIREPRO: Gold's Diagonal Credit Call Spreads in Sync With Hedging Objectives This is what was advised exactly a week ago, 1 leg of strategy has derived as desired. Please refer below link for further readings: http://www.econotimes...
Technical Analysis of EUR/JPY for April 7, 2016 General overview for 07/04/2016: Today, we will take a look at the longer time frame Elliott wave count to determine the context of the current situation and possible target levels for swing traders...
Technical Analysis of USD/CAD for April 7, 2016 General overview for 07/04/2016: The main long-term and the main short-term counts has been updated due to another possible wave progression on the higher time frames. In the monthly time frame we can see the market sell-off from the 1...
FXWIREPRO: Gold Slides "now in Sloping Channel, Then Rising Wedge" - Likely to Drifts Between 1200-1250 With Selling Momentum Technical Inference: Now sloping channel, then rising wedge: Broken below rising wedge base on daily chart at around 1240 levels, as a result, bearish swings now slipping...
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. There is not much to add as EUR tested the 1.1330 support before rebounding quickly. The undertone is positive but momentum is patchy at best and it is unclear at this stage whether EUR strength could surmount the major 1.1495 resistance (1...
EUR/GBP Better Bid on Weaker GBP, Re-takes 0.8100 The cross in the EUR/GBP witnessed a volatile European session so far, as the staunch remarks from ECB Chief Draghi did little to help the shared currency against sterling. EUR/GBP retreats from 1-1/2 year tops Currently, the EUR/GBP pair trades 0...
USD/JPY Focus is Now on 106.63 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, has noted the relevance of the 106.63 level in light of the ongoing weakness in the pair...
Gold Strengthens From 5-DMA Support Gold found support at 5-DMA level of $1224.57 and strengthened to a high of $1231.72 levels amid volatility in the FX markets and rise in European equities...
GBP/USD Vulnerable, Still Neutral – UOB In view of the research team at UOB Group, the pair’s outlook remains neutral in the near term, although downside risks have been increasing. Key Quotes “The break below the major 1.4050 support was short-lived as GBP rebounded strongly from a low of 1.4006...
