EUR/USD – Stuck in a 40-pip Range Ahead of US GDP EUR/USD has been confined largely to a 40-pip range of 1.1150-1.1190 since yesterday amid holiday thinned trade ahead of the final US Q4 GDP release...
The downward retracement in #EURUSD continued, resulting in achievement of a support level in a form of 38.2% Fibonacci retracement level. This level can be used by bulls to increase positions to buy as a fundamental picture still favors them. Find out more by checking out the Source Link...
The situation in #USDJPY is understandable and predictable. Even published on the eve weak data on durable goods orders in the United States were unable to stop the recovery of the pair. Previously, support for the dollar was provided mostly with technical factors...
We expect the BEA’s third estimate of Q4 GDP to leave top-line growth unchanged at 1.0%, though we anticipate compositional shifts in its prior estimate of real output. We look for real consumption growth to be marked up by one-tenth, to 2...
More unstable risk sentiment on the back of this week’s terrorist attacks in Brussels failed to trigger any sustainable franc upside. It still appears that the SNB’s stance with respect to direct currency intervention is keeping the currency’s safe haven appeal low...
USD/JPY has dropped by JPY 7-8 from JPY120 to JPY112-113 so far in 1Q as seasonal factors exports and cash repatriation have supported the JPY appreciation, shifting the direction of USD/JPY from the JPY depreciation, notes BTMU...
AUD/USD Testing Highs Near 0.7530 The Aussie dollar is now picking up pace vs. the greenback, sending AUD/USD to the area of daily tops near 0.7530. AUD/USD supported near 0.7500 The pair is looking to stabilize in the low-0.7500s after finding quite strong resistance in the proximity of 0...
USD/JPY Trims Gains, Drops to 113.00 USD/JPY is trimming gains amid thin volumes in Europe, but trades positive on the day around 113.00 ahead of the final US Q4 data release. Will winning streak continue...
AUD/USD: Currency Challenges Transition, RBA to Cut in H2 – Danske Bank Kristoffer Kjær Lomholt, Analyst at Danske Bank, notes that the overall Australian economic data releases have been mixed over the past month...
EUR/USD Could Face Consolidation Near Term – Danske Bank According to Christin Tuxen, Senior Analyst at Danske Bank, the pair could attempt a rangebound pattern in the short-term horizon...
Has the Dollar Bottomed? – Deutsche Bank Daniel Brehon, Research Analyst at Deutsche Bank, tries to answer the looming question that whether the dollar has bottomed for now. Key Quotes “As reality sets in that the Fed is still the only game in town the dollar struggled to base before Easter...
During early Asian trading the major #indices traded mixed, but finished the session higher. #Nikkei 225 rose by 0.65% and the Shanghai Composite Index added 0.62%. Today the majority of markets, including the U.S. one, do not work. Find out more by checking out the Source Link...
In times of crisis lend freely against good collateral, Walter Bagehot suggested back in 1873. Almost 150 years later, the influential essayist's dictum may prove to be easier said than done for the world's policymakers...
EUR/JPY Recovers Losses, Trades Above 126 The common currency has recovered losses, helping the EUR/JPY cross move back above 126.00 to trade on a flat note amid thin volumes. Offered near 23.6% Fibo An early move higher ran out of steam as prices neared 126.54 (23.6% of 141.06-122...
Asia: While it Lasts – Deutsche Bank Research Team at Deutsche Bank, suggests that whether by explicit design or (more likely) implicit coordination, central bank action over the past few weeks has managed to kill currency vol, at least before the Fed speak this week which seemed (rather strangel...
EUR/GBP Slightly Up, Clings to 0.7900 EUR/GBP is extending its consolidative theme in the upper end of the recent range around 0.7900, coming down from YTD peaks near 0.7950. EUR/GBP gains capped around 0...
EUR/USD Trims Losses, Around 1.1170 The shared currency has recovered part of the ground lost to the greenback in early trade, now taking EUR/USD to the 1.1165/70 band. EUR/USD focus on US GDP The pair is retreating for the sixth consecutive session so far after being rejected from the mid-1...
Daily Analysis of Major Pairs for March 25, 2016 EUR/USD: Altogether, this pair has been bearish so far this month. A movement below the support line at 1.1050 would easily render the recent bullish outlook invalid...
Daily Analysis of USDX for March 25, 2016 On the H1 chart, USDX has been performing a bullish consolidation above the 200 SMA price zone, with a target placed around 96.70 to the upside...
