Daily Analysis of GBP/USD for March 23, 2016 The pair is trading with a very strong intraday bearish bias, as the Cable is consolidating below the 200 SMA on the H1 chart and currently we can expect a little rebound above the support zone of 1.4200...
GBP/JPY Forms Hammer Pattern, Break Above 159.80 Confirms Further Bullishness Candlestick Pattern – Hammer Major resistance – 159.80 The pair has recovered after making a low of 158.44.It is currently trading around 159.46. Short term trend is slightly bullish as long as support 158.50 holds...
EUR/USD Bears Remain in Control as Fed Doves Turn into Hawks The dollar maintains the bullish tone, pushing the EUR/USD pair back to near 1.12 handle as markets focus on growing number of hawks at the Federal Reserve...
Fed Officials Lower Sights on r* Again – Goldman Sachs Research Team at Goldman Sachs, suggests that the equilibrium real rate—or r* (“r star”)—implied by Fed officials’ projections has fallen steadily since 2012 and is negative for the next two years, under a standard policy rule...
EUR/USD is Undergoing Broad Consolidation - SocGen Research Team at Societe Generale, suggests that after testing key levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation. Key Quotes “1.06/1.05 will decide about next leg of down cycle...
FXWIREPRO: AUD/JPY Breaks Minor Trendline Resistance at 85.40, Good to Buy Dips RBA more cautious about talking down the AUD which partly disaapointed Aussie bears...
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FXWIREPRO: EUR/GBP Trading Just Shy of the 0.79 Handle, Sees Strong Resistance at 0.7911 Pound sterling likely to remain under pressure as terrorism attacks in Brussels fuelled risk of a Brexit...
FXWIREPRO: NZD/USD Holds Above 10-Dma Support at 0.6728, Bias Lower NZD/USD was rejected at day's high by 0.6769, and has slipped lower to currently trade at 0.6737 levels. 10-DMA at 0.6728 is strong support for the pair, breaks below could see downside resume...
Gold Falls Sharply, Testing $1,231.00 Area Gold has seen a ferocious sell-off worth over $15.00 from over $1,250.00 at the beginning of Asia, all the way down to currently test $1,231.00, level where a strong short liquidation originated following the dovish FOMC last week. Gold overbought...
EUR/USD Faced With 1.12 Key Support EUR/USD has been consolidating in Asian trade, last exchanging hands just above the 1.12 handle, an area that was old resistance and that has not turned key support after the successful bullish rotation higher during March 16-17th...
USD: Hawkish Fed Comments have Limited Impact on Sceptical Market - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar failed to derive much support from the recent more hawkish Fed comments highlighting that the market is more even more sceptical now that the Fed will follow th...
EURAUD continues to tread water above trend line support that extends off the April 2015 low. I mentioned this level a few days before the ECB rate decision that took place on March 10th...
FXWIREPRO: USD/KRW Hovers Just Above Key Support Level at 1153, Intraday Bias Remains Bearish USD/KRW is currently trading around 1156 levels. It made intraday high at 1157 and low at 1155 levels. Intraday bias remains bearish till the time pair holds key resistance at 1164 levels...
FXWIREPRO: AUD/NZD Hits Key Resistance at 1.1298, Intraday Bias Remains Bullish AUD/NZD is currently trading around 1.1306 levels. Pair made intraday high at 1.1309 and low at 1.1269 marks. Intraday bias remains bullish for the moment. Pair fails to fall below key support at 1...
USD/SGD Fails to Break Key Resistance at 1.3628, Singapore CPI Data in Focus USD/SGD is currently trading around 1.3600 marks. It made intraday high at 1.3617 and low at 1.3591 levels. Intraday bias remains neutral for the moment. A break below 1.3481 will tests the next support at 1.3440/ 1...
GBP/USD: Brexit Woes for the Pound Continue - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the pound was among the worst daily performers, sharply lower after the London's opening bell as new terrorism attacks in Europe fuelled risk of a Brexit...
AUD/USD: Bulls Back in Charge, Hunting Down R1 AUD/USD has continued with the bid from 0.7631 1hr lows after the PBoC fix and post the strong recovery that was offering decent two way business throughout the overnight sessions and set up better bid Aussie in Asia. PBOC sets USD/CNY at 6.4936 vs 6...
USD/CAD: Multi-day Low in USD/CAD Cannot be Far-off - Westpac According to Westpac, a multi-day low in USD/CAD cannot be far-off given the oversold nature of the oscillators. Key Quotes "Our long USD/CAD position was stopped out at 1...
