USD/CAD Ends 4-Day Losing Streak, Rebounds Above 1.2700 The US dollar staged a solid comeback versus its Canadian counterpart in the European session, driving USD/CAD sharply higher above 1.27 handle. USD/CAD recovers from 0.2670 region Currently, the USD/CAD pair trades +0...
EUR/JPY: Sell-Off Extends, Attacks 121 Handle The bearish pressure behind the EUR/JPY cross accentuated post-European open, mainly driven by aggressive yen buying across the board amid risk-aversion. EUR/JPY gives-up 60-pips in the last hour The EUR/JPY pair slumps -0.67% to 121...
USD/JPY Slammed to a 5-Week Low of 106.30 The US Dollar weakness against its Japanese counterpart seems to have gained momentum, with the USD/JPY pair now dropping to its lowest level in 5-weeks...
GBP/USD Neutral Bias Persists – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s bias remains tilted to the neutral side for the time being. Key Quotes “GBP/USD is in the middle of its range but remains below initial resistance at 1.4665...
Technical Snapshot in EMEA FX Space – BBH Analysts at BBH gave a technical picture of the EMEA (Europe, the Middle East, and Africa) space. Key Quotes “EUR/HUF has retraced three quarters of the May rise...
GBP/USD Fades a Spike to 1.4527, Prints Fresh Session Low As the European session got underway, the GBP/USD pair witnessed a sudden up-surge to 1.4527 before fading back to currently trade back around 1.4500 handle. The pair on Wednesday witnessed a sudden reversal, erasing all of its gains to 1...
EUR/USD Bullish, Looks to 1.1450 – UOB The research team at UOB Group sees EUR/USD targeting the 1.1450 area in the near term. Key Quotes “As mentioned yesterday, while short-term momentum does not appear to be very strong, the strong rally that started late last week appears incomplete”...
Gold Pauses After Hitting Three-Week High Level Gold is seen retracing a bit from a 3-week high level of $1266 touched during Asian trading session on Thursday and is currently trading with only a marginal cut, at $1261...
USD/CHF Downside Pressure Remains Below 0.9800 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot remains under downside pressure although the down move is deemed as corrective. Key Quotes “USD/CHF remains under pressure following the erosion of the 61...
AUD/USD Poised for a Test of 0.7545 – UOB In view of the research team at UOB Group, the Aussie dollar could attempt a test of the mid-0.7500s vs. the greenback in the next 1-3 weeks. Key Quotes “AUD just moved clearly above the strong 0...
NZD/USD Rallying Hard After RBNZ Maintained Staus-Quo The NZD/USD pair surged to 0.7147, its highest level since June 2015, after the RBNZ decided to hold its key benchmark rates unchanged at 2.25...
EUR/USD Could Test 1.1465/95 Before a Leg Lower – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside could struggle around the 1.1465/95 band, triggering a potential correction lower. Key Quotes “EUR/USD has reached initial resistance at 1.1415/20, the 61...
EUR/USD Wobbles Around 1.1400, Draghi Eyed The single currency has retreated from the area of session highs near 1.1420 vs. the greenback, now taking EUR/USD to the 1.1400 region...
Indicators Signaling AUD/NZD is Oversold While intraday moving averages point at a continued AUD/NZD depreciation, the latest momentum readings raise the odds of a minor throwback...
FxWirePro: EUR/AUD Holds 100-DMA Support, Further Weakness Only on Break Below EUR/AUD has taken 100-DMA support at 1.5190 and edged higher to currently trade around 1.5260 levels. Aussie weakness seen after poor Chinese CPI and PPI data earlier today. China CPI data for May came in at +2...
FxWirePro: Silver Hits Fresh 3-Week High at $17.20, Stay Bullish XAG/USD is currently trading around $17.17 marks. It made intraday high at $17.20 and low at $16.98 levels. Intraday bias remains bullish till the time pair holds key support at $16.98 marks. A daily close below $16...
FxWirePro: Gold Trades Higher on Weak Dollar, Good to Buy at Dips Major Support - $1242 (21 day EMA) Gold has broken major resistance $1256 (trend line joining $1303 and $1288) and jumped till $1266 at the time of writing. It is currently trading around $1261.8...
USD/SEK 4 Hour RSI Allowing a Rally USD/SEK could find itself on the verge of a near term move to the upside. A potential bullish swing failure in the RSI(14) during the last couple days tilted the risk to the upside for the this currency pair...
EUR/GBP Back to Test 0.7850 Ahead of Draghi? Fresh bids in the cable coupled with a retreat in the EUR/USD pair, dragged the EUR/GBP cross from 0.7870 region to revisit daily lows struck at 0.7851 in early Asia. EUR/GBP hovers around 5-DMA Currently, the EUR/GBP pair trades almost unchanged at 0...
