GBP/USD Retests Hourly 200-SMA at 1.4265 The GBP/USD pair recovered losses and swung higher from a brief dip below 1.42 handle, now heading for a test of 1.43 handle amid improved risk-sentiment. GBP/USD bounces-off lows near 1.4200 The GBP/USD pair rises 0.08% to fresh session highs of 1...
BNP Paribas expects both of the official and the Caixin/Markit PMIs to tick higher from their respective readings of 49 and 48 on Friday. "The unwinding of a seasonal drag from the Lunar New Year and a strong recovery in the property market all argue in favour of some firming in the numbers...
GBP/JPY Nears 38.2% Fibo Resistance GBP/JPY pair regained bid tone following a minor bout of weakness in Europe and is now looking to test 162.47 (38.2% of 175.02-154.72). Trades at two-week high At 162.20, the cross is trading at its highest since March 15th...
USD Looks ‘Cheap’ – Danske Bank In opinion of Jens Pedersen, Senior Analyst at Danske Bank, the greenback could be poised for further upside...
Calculated levels today: Support (S1 / S2 / S3 = 1,1163 / 1,1147 / 1,1121), resistance (R1 / R2 / R3 = 1.1214 / 1,1230 / 1,1255). Key support levels (1st from 1.1168 to 1.1187 late in the day, the 2nd of 1.1165 to 1.1185...
Calculated level for today: Support (S1 / S2 / S3 = 1211,66 / 1208,09 / 1202,31), resistance (R1 / R2 / R3 = 1223,21 / 1226,78 / 1232,55). Key level (1st from 1219.25 to 1216.36 at the end of the day, the 2nd ox 1234.45 to 1217.35...
Gold prices failed to sustain the overnight recovery from one-month lows and slipped back into the red zone in the Asian session this Tuesday. Gold drops below $ 1220 mark Currently, gold drops -0.28% to 1219.17, retreating from session tops posted just ahead of $ 1223...
Are divergence trades dead and will this permanently depress the value of the USD? Asynchronous EM and Developed country business cycles, and sharp output/unemployment gap differences within DM, still favor USD positive policy divergence medium-term...
Case-Shiller Home Price Index, (January) - 3/29 - 9:00AM ET BofAML: We expect S&P Case Shiller home prices to increase 0.4% mom SA in January, leaving the yoy rate at 5.4%. Home price appreciation was exceptionally strong at the end of 2015, implying momentum heading into this year...
Eurozone Feb M3 Growth Remains Stable At 5% Eurozone money supply growth held steady in February and private sector credit expanded at a faster pace, the European Central Bank reported Tuesday...
USD/CNY Hovers Around 6.5100 Mark, Intraday Bias Remains Neutral USD/CNY is currently trading around 6.5097 levels. It made intraday high at 6.5153 and low at 6.5050 levels. Intraday bias remains neutral for the moment. A sustained break above 6.5195 will tests another resistance around 6.5374/6...
EUR/USD: Neutral: In a broad 1.1120/1.1375 range now. Despite the smart rebound from the low of 1.1150/55 yesterday, there are no pre-indications that EUR is about to embark on a sustained up-move. That said, a test of the strong 1...
FXWIREPRO: NZD/JPY Price Action capped Below Strong Trendline Resistance at 76.70, Good to Go Long NZD/JPY is extending gains after piercing into the daily cloud. Upside is seen capped by strong trendline resistance at 76.70, the pair has edged lower to currently trade at 76.62...
FXWIREPRO: GBP/CAD Buying Momentum Shrinks Away As Interim Bulls Test Resistance at 21DMA The pair is testing resistance near 1.8834 (21DMA). Despite the attempts of upswings the current prices have well below 21DMA...
USD/JPY Corrective Upside Likely to Test 114 – UOB The research team at UOB Group sees USD/JPY testing the 114.00 neighbourhood in the next 1-3 weeks. Key Quotes “We just shifted to a neutral stance yesterday and there is no change to the view”...
EUR/GBP Losing Upside Momentum – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the recent upside in the cross could be running out of steam...
USD/JPY Rises for 8th Straight Day Yen remains under pressure on seasonality factors, pushing the USD/JPY pair higher for 8th straight day. Supported by 23.6% Fibo A minor bout of weakness earlier today ran into support at 113.27 (23.6% of 121.69-110...
EUR/USD Selling Intensifies to 1.1170, Yellen Eyed The offered tone around the shared currency is now picking up pace, dragging EUR/USD to daily lows in the 1.1170 area...
GBP/USD Trims Losses, Retakes 1.42 Handle An early sell-off took GBP/USD pair to 1.4194 before the recovery was set in motion. The bird now trades around 1.4225 levels...
