EUR/GBP Recovers Losses as Cable Sell-Off Gathers Steam EUR/GBP moved off lows to trade largely unchanged on the day 0.8040 levels as cable sell-off gathered pace pushing the pair below 1.40 handle...
GBP/USD: Bears Relentless, Cracks 1.4100 The bears continue to extend their control on the GPB/USD pair in the European session, hammering the prices below 1.41 barrier. GBP/USD drops below all major DMAs The GBP/USD pair drops -0.42% to 1.4100, hovering close to fresh session lows posted at 1...
GBP/USD Points to Further Decline – UOB According to the research team at UOB Group, the pair could face further downside in the next 1-3 weeks. Key Quotes “We have been neutral on GBP since 23 March and the recent choppy movement reinforces our view”...
USD/CAD Targets 1.34/1.35 – Westpac Strategists at Westpac have reiterated the pair could test the 1.34/1.35 band. Key Quotes “USD/CAD looks exceedingly cheap via-a-vis energy prices, the latter close to retracing about 1/2 its mid-Feb to mid-March gains while USD/CAD has barely bounced”...
EUR/CHF Offered Below 1.0971/78 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the outlook on the cross remains offered below the 1.0971/78 area...
EUR/USD Under Pressure, Testing 1.1350 The shared currency is prolonging its correction lower today, sending EUR/USD to print daily lows in the mid-1.1300s. EUR/USD focus on FOMC minutes The pair is retreating since Monday after clinching fresh 2016 peaks in the vicinity of 1...
Brent Oil Backs Off From Daily Highs, Eyes US Supply Data Brent prices rallied to a session high of $38.80 before it trimmed gains to trade around $38.55 levels...
USD/CHF Firmer, Advances Beyond 0.9600 The greenback is extending its upside momentum today, taking USD/CHF to the area of session highs in the 0.9600 neighbourhood...
Technical Analysis of Gold for April 6, 2016 Gold bulls tried to push the price higher yesterday but the price still remains inside the bearish channel and the most probable outcome remains a move towards $1,190 before a bigger bounce...
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Gold Turns Negative as Oil Rallies Gold prices turned negative as corrective rally in oil, coupled with a n upbeat China services PMI data calmed market nerves and capped safe haven demand. Eyes 50-DMA Prices appear on track to test 50-DMA support at $1219.05 levels...
Technical Analysis of USD/CHF for April 06, 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...
Technical Analysis of NZD/USD for April 06, 2016 NZD/USD is under pressure and expected to trade in a lower range. The pair remains under pressure below its key resistance at 0.6850, and is likely to challenge its nearest support at 0.6755 (April 5 low...
It seems that recent JPY strength has been driven by global risk appetite, although I admit that Abe's statement speaking out against "currency manipulation" had been the trigger to briefly push USDJPY below 110.Someinvestors hoped Japan would intervene to stop JPY from rallying further...
Technical Analysis of GBP/JPY for April 06, 2016 GBP/JPY is expected to trade in a lower range as the pair is under pressure. The pair stays below its resistance at 157.15 and has been capped by its descending 50-period moving average...
GBP/USD – Bear Grip Strengthens, Slides Further Sterling bears continue their relentless march, pushing GBP/USD to a fresh daily low of 1.4113 levels. Rejected at 23.6% Fibo A minor attempt by bulls to regain control of the pair was thwarted around 1.4165 (23.6% of 1.5230-1...
FXWIREPRO: NZD/JPY's More Bearish Scope 74.500 After Breach of Crucial Support 75.922 - Bets on Debit Put Spreads for Speculation The pair declined soon after the formation of long legged doji at 77.718 levels, fell from the highs of 78.210 to the current 75.177 levels...
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...
