NZD/USD: At New Cyclical High – ANZ Research Team at ANZ, notes that the Kiwi broke to a new cycle high overnight as USD liquidation continued. Key Quotes “The break opens the way for a test above 0.70, with the next solid resistance around 0.7160-0.72...
USD/CAD: Bears are Fefending 1.30 Handle CAD bulls are working hard amid wobbly oil prices to ensure the USD/CAD pair does not move beyond the psychological level of 1.30. Focus on Oil Dovish comments from Bank of Canada’s (BOC) Patterson could be behind the weakness int the CAD today...
USD/CHF Recedes to 0.9640, USD Recovery Losing Steam? The recovery in the USD/CHF faltered near 0.9660 region after the USD bears took over control, with the US dollar receding gains against its major peers. USD/CHF revisits daily lows Currently, the USD/CHF pair turns negative at 0...
Continued reaction to Fed Chair Yellen’s dovish speech supported a big curve steepening move Wednesday, with the front end adding solidly to the large rally posted Tuesday, as the Fed rate outlook in futures out over the next five years moved down more, while the back end reversed Tuesday’s more...
Euro Mixed Ahead Of German Retail Sales Data Destatis is slated to release German retail sales for February in the pre-European session on Thursday at 2:00 am ET. Economists forecast sales to grow 0.4 percent on a monthly basis, following a 0.7 percent rise in January...
FXWIREPRO: NZD/USD Holds Above Strong Support at 0.6880, Good to Buy Dips Broad based US dollar strength and downbeat NZ business confidence data adds to bearish pressure on the bird. ANZ NZ business confidence 3.2% in March vs 7.1% in February. NZ own activity outlook for March 29.4% vs 25...
U.S. Dollar Advances Against Most Majors The U.S. dollar strengthened against most major currencies in the Asian session on Thursday. The U.S. dollar rose to a 2-day high of 1.4328 against the pound, from yesterday's closing value of 1.4377...
AUD/JPY Heavy, On its Way to Hourly 100-SMA? The AUD/JPY cross is relentlessly offered this Thursday so far, with the bears bringing a halt to five straight sessions of gains against a backdrop of broad USD rebound. AUD/JPY back below 86 handle Currently, the AUD/JPY pair drops -0.44% to 85...
GBP/JPY – Challenging Bids Around 161.00 GBP/JPY is testing bids around 161.00 as weakness in European equity futures is keeping JPY on a front foot ahead of BOE governor Carney’s speech...
EUR/USD Unmoved by German Data, Stoxx 50 Futures Open Lower Contract in German retail sales failed to move EUR/USD pair, which trades on a weaker note around 1.1315 levels amid weak action in the European equity futures...
AUD/USD Upside Appears Capped Above 0.77 – UOB According to the research team at UOB Group, the pair’s upside could striggle around 0.7740. Key Quotes “While the break above the month’s high of 0...
USD Losing Momentum? – Danske Bank Jens Pedersen, Senior Analyst at Danske Bank, has assessed the recent performance of the greenback. Key Quotes “USD bulls are losing confidence as Fed Chair Yellen’s latest comments seem to undermine previous hawkish comments from other board members”...
Yesterday, the ADP report for March showed jobs rose 200k - a touch higher than expectations (195k) and confirming that the labour market remains robust.Revisions to February were minor at -9k, taking this measure of jobs growth in the month to 205k...
Crude Oil Prices Update: WTI & Brent Decline Sharply, Why? Crude Oil prices WTI and Brent fell sharply during the Asian session. Investors failed to prevent losses in crude oil price...
Pre European Open, Daily Technical Analysis Thursday, March 31, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: rebound. Pivot: 1.1300 Most Likely Scenario: long positions above 1...
Thursday’s a busy day for economic news, including a new estimate of Eurozone GDP growth via the Euro-Coin Indicator. Later, we’ll see the flash data for consumer inflation in Europe for March and the weekly numbers for US jobless claims...
We argue that the EUR is underpricing the potential economic disruption related to Brexit and shorting EUR/USD is a cheaper way than shorting GBP/USD to hedge for such a possibility...
Dollar Heads for Biggest Quarterly Loss in Five Years on Yellen Lilian Karunungan and Chikako Mog Commodity currencies gain on signs U.S...
