The most important #event of the week will be a speech of the Fed's head #JanetYellen. Earlier, investors got some pretty clear signals about the likelihood of a soon rate hike from some #FOMC members. Now the market is expecting the confirmation from Yellen...
Not much changed last week for the EURUSD amid a lack of market-moving news and light holiday trade. This week doesn’t promise to be much more exciting given the Monday holiday for many banks and non-farm payroll on Friday...
EUR/USD Holds Ground Above 1.1150 Amid USD Strength The EUR bears took a breather from their recent downslide, now allowing a tepid bounce in EUR/USD from near 1.1150 levels. EUR/USD finds support near 20-DMA Currently, EUR/USD trades modestly flat at 1.1162, trying hard to sustain above 1...
USD/JPY Extends Winning-Streak for 8th Straight Session The bullish tone behind the US dollar keeps growing bigger as we step into the key week this Monday, driving USD/JPY further towards 114 handle...
CFTC Positioning: Yen Longs Maintained - ANZ Analysts at ANZ explained the positioning data for the week ending 22 March 2016. Key Quotes: "Despite the dovish FOMC statement on 16 March which sent the USD sharply lower, leveraged funds did not reduce their net long USD positions...
FXWIREPRO: Nikkei225 Faces Strong Resistance Around 17300, Good to Buy at Dips Major resistance - 17300 The index has recovered after making a low of 16711.It is currently trading around 17111.Short term trend is bullish as long as support 16500 holds...
FXWIREPRO: AUD/NZD Remains Supported Above 1.12, Good to Buy on Dips AUD/NZD is trading around 1.1240 marks. Pair made intraday high at 1.1245 and low at 1.1214 marks. Intraday bias remains bullish till the time pair holds key support at 1.1197 levels. A daily close below 1...
FXWIREPRO: Gold Breaks All the Key Supports and falls Below $1210, Intraday Bias Remains Bearish XAU/USD is currently trading around $1209 mark. It made intraday high at $1216 and low at $1208 levels. Gold opens flat at $1216 and falls after 3 -day holidays to $1208 marks...
FXWIREPRO: USD/KRW Hovers Around Key Resistance at 1172, a Break Above Targets 1193 USD/KRW is currently trading around 1171 levels. It made intraday high at 1172 and low at 1171 levels. Intraday bias remains bearish till the time pair holds key resistance at 1172 levels...
EURUSD Daily Forecast: March 28 2016 EURUSD Forecast The EURUSD had a bearish momentum last week. Price slipped above the trend line resistance but closed back below the trend line resistance created a false breakout bearish scenario as you can see on my H1 chart below...
GBPUSD Daily Forecast: March 28 2016 GBPUSD Forecast The GBPUSD had a bearish momentum last week bottomed at 1.4057. The bias is bearish in nearest term testing 1.4050. A clear break and daily close below that area could trigger further bearish pressure testing 1.3900 area...
USDJPY Daily Forecast: March 28 2016 USDJPY Forecast The USDJPY had a bullish momentum last week after a failure to make a clear break below 110.96 as you can see on my daily chart below, topped at 113.32 and hit 113.55 earlier today. The bias remains bullish in nearest term testing 114...
FXWIREPRO: USD/SGD Likely to Test Key Resistance at 1.3772, Intraday Bias Remains Bullish USD/SGD is currently trading around 1.3732 marks. It made intraday high at 1.3738 and low at 1.3705 levels. Intraday bias remains bullish for the moment. A sustained close above 1...
USDCHF Daily Forecast: March 28 2016 USDCHF Forecast The USDCHF was corrected higher last week topped at 0.9787. The bias remains bullish in nearest term testing 0.9820. Overall I remain bearish and any upside pullback should be seen as a good opportunity to sell with a tight stop loss above 0...
AUD/JPY: Near Term Upside Bias Above Pivot AUD/JPY has penetrated the 85 handle to the upside and hunting down territory through 85.20 resistance currently in this trade with only a handful at desks during the long weekend Easter break...
EUR/USD: 1.1000 on the Cards this Week? - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that as for the technical picture of the EUR/USD pair, a neutral stance has prevented itself for the near term. Key Quotes: "The price is stuck around the 61...
NZD/USD: Bullish Flag in Bearish Fundamentals NZD/USD remains within a bearish formation, sliding from recent 0.6784 highs on the 17th March and continuing a drift to the downside, having made lows of 0.6668 so far...
AUD/USD: Tracking Commodities; 0.76 Handle History? AUD/USD is currently consolidated in thin trade today with it being Easter Monday and there only being a partial show up for the trading day ahead with many holidays around the globe. AUD/USD bulls met their match of late on the 0...
AUD/USD Snapping the Uptrend - BBH The Australian dollar snapped a three-week advance and shed almost 1.3% last week. Key Quotes: "The 61.8% post-ECB and post-FOMC retracements are found near $0.7510. Like sterling, the RSI is neutral, but the MACDs have turned lower...
