Daily Analysis of USDX for May 31, 2016 USDX pulled back at the start of the week, looking to correct the recent upside moves, and now we could expect another decline toward the 200 SMA price zone, which is very close to the support level of 95.22...
Daily Analysis of GBP/USD for May 31, 2016 As we expected, GBP/USD is doing a rebound above the 200 SMA on the H1 chart, in an effort to resume the bullish bias toward new highs on a short-term basis. The next resistance is still placed at the 1...
Daily Technical & Trading Outlook - EUR/USD DAILY EUR/USD TECHNICAL OUTLOOK Last Update At 31 May 2016 00:34GMT Trend Daily Chart Down...
USD/JPY Flat at 111.15, Eyeing US Economic Data for Fresh Triggers The USD/JPY pair found fresh buyers at Asian session through level of 110.80, boosting the pair to 111.35 before retracing back to currently trade near 111.20, nearly unchanged from Monday's closing level...
USD/JPY and EUR/JPY Inched Higher Following the Delay of Sales Tax Hike Until October 2019 Market Movers The financial markets are closely scrutinising US economic releases to assess the strength of the US economy after being caught on the wrong foot with regard to the next Fed hike...
EUR/USD Drops to Lows Near 1.1120, EMU CPI Eyed The shared currency is losing the grip early in Europe today, sending EUR/USD to test daily lows in the 1.1130 area. EUR/USD attention to German, EMU data Spot is giving away part of yesterday’s gains, keeping the trade in the low-1...
GBP/USD Bullish, 1.5085 on the Cards? – Commerzbank Technicals are suggesting the probability of a visit to the 1.5080 area, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “GBP/USD is once again approaching 1...
FxWirePro: Aussie Gains Against Major Peers on Robust Housing, Private Sector Credit AUD/NZD is trading around 1.0760 marks. Pair made intraday high at 1.0764 and low at 1.0697 marks. Today Australia released building approval data with positive numbers at 3.0% m/m vs 2.9% m/m previous release...
FxWirePro: ASX200 Struggles to Close Above 5400, Good to Buy at Dips Major resistance - 5400 Major intraday Support - 5350 ASX200 has slightly retreated after making a high of 5411. It is currently trading at 5387. Short term trend is slightly bullish as long as support 5350 holds...
NZD/USD Tracks Aussie Higher Amid Improved Risk Sentiment The bid tone around the NZD/USD keeps growing bigger during the mid-Asian trades, mainly driven by improved risk conditions and renewed buying in its OZ neighbour AUD. NZD/USD heads towards 100-DMA at 0...
USDCHF Daily Forecast: May 31 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias is neutral in nearest term but overall price is still in a bullish phase targeting 1.0000 region. Immediate support is seen around 0.9885...
Intra-Day Market Moving News and Views (USD/JPY) 31 May 2016 01:23GMT USD/JPY - ...... Although the greenback rose to session high at 111.45 in early European morning, price retreated to 111.03 and continued to trade in a narrow range in holiday-thinned conditions as UK and US markets were closed...
Nikkei225 Trades Well Above 17000, Jump Till 17500 Is Possible Major resistance - 17170 (trend line joining 19990 and 17745 ) Major support - 16650 (55 day EMA) Nikkei index is trading well above psychological resistance 17000 and closed at 17057 yesterday. It is currently trading around 17142...
FxWirePro: USD/SGD Fails to Sustain Above Key Resistance at 1.3823, Good to Sell on Rallies USD/SGD is currently trading around 1.3785 marks. It made intraday high at 1.3816 and low at 1.3783 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3823 levels...
Gold Inches Closer Towards Key Resistance, US Data in Focus Gold staged a solid comeback from three-month lows in the previous session and now builds onto the recovery towards 100-DMA & 5-DMA confluence located around 1217.50 region...
EURUSD Looks a Good Sell Back Towards 1.1160 With the long weekend the markets have had extra time for a short squeeze back towards resistance at 1.1160. Now there’s been change in sentiment whatsoever so I think this last part of the rally is simply a short squeeze...
USD/JPY Regains 111 Handle as Nikkei, Treasury Yields Extend Higher A renewed bout of buying interest gripped the USD/JPY pair in the last hour, now pushing the major back towards daily highs above 111 handle. USD/JPY: On its way to Monday’s high...
FxWirePro: South Korean Won Falls on the Back of Lower Than expected Industrial Production Data USD/KRW is currently trading around 1191 levels. It made intraday high at 1191 and low at 1187 levels. Intraday bias remains bullish till the time pair holds key support at 1177 marks...
GBP/JPY Spikes On Brexit Poll, Macro Level 163.00 Taken Out GBP/JPY has seen some huge buying flows ever since the open of trading in Tokyo, last trading at 163.30 after a topside resolution through 163...
