There were sharp fluctuations of #USDCAD near the important support level - the 61.8% retracement of the upward movement in May 2015 - January 2016. A considerable help to buyers is provided with #oil #prices decline. Find out more by checking out the Source Link...
#Gold continues to trade within the downward channel. To date, there is the downward momentum, which was caused with both technical and fundamental factors. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
EUR/GBP Flirts With 0.80 Handle on UK PMI The bearish pressure on the EUR/GBP cross gathered pace following the release of UK construction sector activity report, which pushed the GBP back on the bids. EUR/GBP off multi-month highs Currently, the EUR/GBP pair trades -0.06% lower at 0...
ECB’s Praet – Risks That Inflation May Become Persistent European Central Bank’s (ECB) Praet, while speaking in Rome, said the central bank’s measures are controversial and there is risk that low inflation may become persistent...
AUD/USD Finds Support Near 0.7600 The Aussie dollar is losing the grip at the beginning of the week, sending AUD/USD to the lower end of the range near 0.7600 the figure. AUD/USD upside capped near 0.7723 The pair is challenging the key support at the 0...
USD/JPY Hits Fresh Highs Near 111.70 Amid Higher Equities The USD/JPY pair finally broke the consolidation box post-European open and climbed back higher on the back a recovery in the oil as well as European stock markets. USD/JPY breaks through 111...
EUR/GBP Attempting Break Below 0.80 ahead of UK Data Sterling is gaining lose ground ahead of UK data release despite losses in equities, courtesy of which the EUR/GBP cross is attempting a break below 0.80 handle...
EUR/USD Wavers Above 5-DMA ahead of EMU Data The EUR/USD pair ran through fresh offers once again near 1.1400 levels and dropped sharply towards daily lows, before recovering some ground and now regains 5-DMA at 1.1375. EUR/USD awaits EMU data Currently, EUR/USD trades -0.11% lower at 1...
In the years following the Great Recession - the global downturn emanating from the US subprime mortgage collapse in 2007 - competing narratives trying to explain the crisis have emerged from professional and layman circles alike...
Technical Analysis of USDX for April 4, 2016 The Dollar index has been moving sideways for the last two sessions and has not produced any change on the bearish trend. Our weekly target of 93 is still open as long as price is below 96.40...
EUR/USD Bullish Above 1.1400 – UOB According to the research team at UOB Group, EUR/USD needs to close above 1.14 to allow further gains. Key Quotes “We are holding on to the view that only a daily close above 1...
Technical Analysis of Gold for April 4, 2016 Gold price remains inside the bearish channel and it is heading towards the 38% Fibonacci retracement of the rise from $1,045. So $1,190-$1,200 is our short-term target area...
Technical Analysis of EUR/JPY for April 4, 2016 General overview for 04/04/2016: The impulsive wave progression to the upside has been completed and now the market is in the corrective cycle...
AUD: Flat Monthly Inflation Gauge - TDS Research Team at TDS, suggests that the Australia’s March Monthly Inflation Gauge was flat for headline and core. Key Quotes “We expect Q1 CPI of +0.3%/qtr via flat tradable and +0.5%/qtr for non-tradable. For core we expect +0.53%/qtr for 1.93%/yr...
GBP/USD: Offered Near 1.4225, Attacks 1.4200 The GBP bulls once again lost control as we progress towards the European open, now pushing GBP/USD back towards 1.42 handle. GBP/USD drops from stiff resistance near 1.4225 region The GBP/USD pair trades -0.12% lower at 1.4209, heading for a test of 1...
All the Asian markets are trading on a positive note on Monday after US released positive NFP results but on the other hand, unemployment rate rose to 5.0% vs 4.9% previous release. Gold remains well supported below $1222 and trading around $1217 marks...
USD/CAD Catches Fresh Bid, Hits Fresh Highs Above 1.3050 USD/CAD’s recovery gathered pace over the last hour, taking the prices beyond the mid-point of 1.30 handle as the USD bulls fight back control somewhat amid tumbling oil prices. USD/CAD holds above 1...
PBoC for the first time disclosed its short foreign-currency positions in forwards and futures. As of end-February, it held USD28.9bn of such positions with commercial lenders and USD2.4bn worth of total long positions...
Bank of Japan's quarterly Tankan report released on Friday showed the headline index for big manufacturers' sentiment in March stood at plus 6, down from up 12 seen three months ago as compared with the median estimate of +8 in a Reuters poll of economists...
