AUD/JPY Ends a 3-Day Slide, Near 50-DMA The bid tone surrounding AUD/JPY weakened a bit ahead of European open, as the AUD bulls took a beating after the risk sentiment came under mild pressure. AUD/JPY regains 83 and beyond The AUD/JPY pair now advances 0.29% to 83...
Elliott Wave Analysis of EUR/NZD for April 6 - 2016 Wave summary: We are still looking for support near 1.6640 to protect the downside for a rally above 1.6833 confirming upside acceleration towards 1.7220 on the way higher to 1.8550. Even if minor support at 1...
Elliott Wave Analysis of EUR/JPY for April 6 - 2016 Wave summary: The decline from 128.22 does have all the earmarks of being an impulsive decline. We are currently looking for a minor consolidation before the next decline below support at 125...
Technical Analysis of EUR/USD for April 06, 2016 When the European market opens, some economic news will be released such as the Retail PMI and German Industrial Production m/m. The US will release economic data too such as Crude Oil Inventories...
As a result of the March meeting, #FOMC decided to reduce expectations regarding interest rate hikes in 2016 from 4 to 2. Today the central bank will publish the minutes of this meeting. #Traders will expect this release, hoping to find some explanations...
FXWIREPRO: EUR/NOK Remains Well Supported Below Key Resistance at 9.4997, Good to Sell on Rallies EUR/NOK is currently trading at 9.4775 levels. It made intraday high at 9.4925 and low at 9.4704 levels. Intraday bias remains bearish till the time pair holds key resistance level at 9.4997...
Technical Analysis of USD/JPY for April 06, 2016 In Asia, Japan will release the Leading Indicators and the US will release some economic data such as Crude Oil inventories. So there is a probability the USD/JPY pair will move with low to medium volatility during this day...
EUR/USD Perspective Looks Constructive – UOB The research team at UOB Group keeps the positive view of the pair in the upcoming weeks. Key Quotes “As mentioned yesterday, while short-term momentum has eased off, it is not enough to indicate that a short-term top is in place...
Daily Analysis of Major Pairs for April 6, 2016 EUR/USD: Since the EUR/USD pair tested the resistance line at 1.1400, it has been difficult for the price to go above that line. The bulls have continued battering that line of defense (an action that started last week...
EUR/USD Losing Ground as Stoxx 50 Futures Rise EUR/USD extended losses to 1.1365 levels as pan-European equity futures – Stoxx 50 index rose 0.65% following Tuesday’s meltdown. 1.14 is a tough nut to crack The spot has failed to hold gains above 1...
EUR/USD Forecast: Looking to Risk Trends – Commerzbank and Danske Bank EUR/USD remains resilient in the 1.1350/60 area following last week’s 2016 tops above the 1.1400 handle. Karen Jones, Head of FICC Technical Analysis at Commerzbank, argued the pair’s “high on Friday at 1...
USD/CAD Looking to Stabilize Around 1.3130 The Canadian dollar is recovering part of yesterday’s sell off vs. its American neighbor, now taking USD/CAD to the 1.3135/30 band. USD/CAD eyes on oil, PMI The pair is coming down from yesterday’s multi-day peaks above the 1...
FXWIREPRO: NZD/CAD Faces Strong Resistance Around 0.9020, Good to Sell on Rallies Major resistance 0.9020 Major support -0.8850 The pair has recovered till 0.89699 after making a low of 0.8877. It is currently trading around 0.89455. Short term trend is weak as long as resistance 0.9020 holds...
GBP/USD Remains on Back Foot After Tuesday’s Sell-Off GBP/USD is struggling to regain poise following Tuesday’s sell-off that saw the currency pair tumbled more than 100-pips. Trades below 23.6% Fibo Cable is having a tough time moving back above 1.4165 (23.6% of 1.5230-1.3835) levels...
FXWIREPRO: AUD/JPY Sees Strong Support at 83.07 (cloud Top), Further Weakness Only on Breaks Below Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-on-track-for-83-levels-stay-short-189331) has achieved all targets. The pair hit lows of 82...
FXWIREPRO: USD/JPY Edges Higher from Fresh Multi-Month Lows at 109.95 USD/JPY hit fresh multi-month lows at 109.94, it was seen below the 110 mark in Oct 2014, when the BoJ surprised markets with extra easing measures...
EUR/GBP Surrenders Gains, Back to 0.8030 After hitting fresh cycle highs around 0.8050 on Tuesday, EUR/GBP has retraced part of the up move and is now hovering over the 0.8030 area. EUR/GBP focus on risk trends The European cross has managed to clinch highs in the mid-0...
EUR/USD Under Pressure in Early Europe, Near 1.1370 The EUR/USD pair maintains the overnight offered tone heading into early Europe, as the greenback keeps the recovery mode intact against its major peers ahead of the FOMC minutes due later today. EUR/USD trades below 5-DMA at 1...
USD/JPY wipes-out Gains in Tandem with Nikkei, 110 Eyed? A sudden selling interest gripped the USD/JPY pair towards the late-Asian session, as the yen regained lost footing somewhat as the Japanese stocks fell back in the red...
