AUD/USD: Revisits Daily Lows, China Data-Led Rally Fizzles The AUD/USD pair resumed its corrective slide in early Europe on the back of profit-taking, following a brief spike to fresh five-week peaks post-China trade data release. AUD/USD back below 50-DMA at 0...
EUR/USD Stuck in a Narrow Trading Range Below 1.1400 Handle The EUR/USD pair remained stuck in a narrow band around the mid-point of 1.1300-1.1400 handle as market participants continue to evaluate the possibilities of a Fed rate-hike in July...
NZD/AUD: Promising for a Move into the 0.92s this Week - Westpac Imre Speizer, Senior Market Strategist at Westpac, suggests last week’s NZD/AUD reversal from 0.9500 to 0.9310 is promising for a move into the 0.92s this week...
FxWirePro: EUR/JPY Edges Higher from Session Lows at 121.33, Intraday Bias Lower, Good to Sell Rallies EUR/JPY failed to sustain the recovery and slipped lower from session highs at 121.96 as the JPY bulls fought back control. Data released earlier today showed Japanese Q1 GDP revised to 0...
EURCHF - We look to Sell at 1.0990 (stop at 1.1010) EURCHF - Broken out of the channel formation to the downside. The formation has a measured move target of 1.0915. Daily/Weekly Ichimoku Cloud support is seen at 1.0956. The 161.8% Fibonacci extension is located at 1.0958 from 1.1128 to 1.1023...
Intra-day Market Moving News and Views (GBP/USD) GBP/USD - ....... The British pound went through a roller-coaster session yesterday as despite initial spike up to 1.4664 (fat finger), price swiftly dropped to 1.4493 at European open. Later, cable staged a recovery to 1...
USD/JPY Recovers from Session Low, Still in Red at 107.00 The USD/JPY pair attracted some buying interest near session low levels on slight improvement in the risk appetite, lifting the pair back above 107.00 handle...
AUD/USD Points to Further Gains – UOB The research team at UOB Group believes the Aussie dollar could extend its march north after breaking above the 0.7400 handle. Key Quotes “As highlighted in recent updates, 0...
USD/CHF Drops to Fresh 5-Week Lows ahead of Swiss CPI The USD/CHF pair shaved-off gains and now mires near fresh multi-week lows as a broadly lower greenback exerts downward pressure heading into the Swiss CPI report to be released post-European open. USD/CHF eyes 0...
NZD/USD Will Decline This Year, Targeting 0.65 by Q3 - Westpac Imre Speizer, Senior Market Strategist at Westpac, notes that the US dollar is under renewed selling pressure, pushing NZD/ USD higher towards 0.7050...
USD/CAD Tumbles to 1.2730, Monthly Lows The Canadian dollar is extending its rally vs. its American peer today, sending USD/CAD to fresh monthly lows in the 1.2730 area...
Oil Hits Fresh 8-Month Highs on Shrinking Supplies, Nigeria Woes Oil benchmarks on both sides of Atlantic extend its winning streak into a third day today, with the bulls relentless amid US drawdown and Nigerian political tensions...
NZD/USD Challenges 0.7000 Handle as RBNZ Looms After an initial dip below 0.6950, the NZD/USD pair resumed its upside momentum and rose to 0.7000 handle ahead of the RBNZ monetary policy meeting on Thursday. On Tuesday, the pair erased Monday's losses and posted a considerable gain...
EUR/USD Flirts with Highs Near 1.1380 The greenback continues to lose ground this week, now sending EUR/USD to the upper end of the range around 1.1375/80. EUR/USD closer to 1...
EUR/JPY Recovery Stalls Just Below 122 Handle The EUR/JPY cross failed to sustain the recovery and fell back in the red as the JPY bulls fought back control across the board amid mixed sentiment prevalent in the markets. EUR/JPY eases-off highs The EUR/JPY pair drops -0.20% to 121...
EUR/GBP Stable Around 100-DMA, UK Manufacturing Data Eyed Following an intra-day sharp slide of over 100-pips and a subsequent recovery to half-way mark on Tuesday, the EUR/GBP cross seems to have found equilibrium on Wednesday and is currently trading around 100-day SMA near 0.7800 region...
Buy NZD on Dips to 0.6720 - Westpac Research Team at Westpac, suggests buying NZD on dips to 0.6720, stop at 0.6650 on bullish macro and model signals. Key Quotes “The US dollar is under renewed selling pressure, pushing NZD/USD higher towards 0.7050...
Iron Ore Riding an Unsustainable Wave - NAB Gerard Burg, Senior Economist at NAB, suggests that after trending lower across 2015, iron ore prices staged a short-term volatile rally in early 2016 – returning close to US$70 a tonne in late April...
GBP/USD: Upside Capped by 1.4560, Awaits UK Data The bears are seen guarding 1.4560 fencing, as the GBP/USD pair fails every attempt to extend the upside beyond the last, despite improving risk sentiment. GBP/USD trades above 20-DMA at 1.4540 Currently, GBP/USD now trades +0.06% higher at 1...
