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...
FxWirePro: AUD/USD Upside Capped Below Daily Cloud, Some Consolidation Likely Before Next Move AUD/USD trades modestly flat on the day, likely to consolidate gains of the previous session. The pair spiked to hit fresh five-week highs of 0...
EURUSD Daily Forecast: June 08 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.1470. Immediate support remains around 1.1285...
GBPUSD Daily Forecast: June 08 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday topped at 1.4659 but closed lower at 1.4542. The bias is neutral in nearest term and price is still trapped between 1.4700 – 1...
USDJPY Daily Forecast: June 08 2016 USDJPY Forecast The USDJPY was indecisive yesterday. Price slipped above 107.70 resistance area but whipsawed to the downside and hit 106.72 earlier today. The bias is bearish in nearest term testing 106.00 – 105...
USDCHF Daily Forecast: June 08 2016 USDCHF Forecast The USDCHF continued its bearish momentum yesterday bottomed at 0.9644. The bias remains bearish in nearest term testing 0.9570. Immediate resistance is seen around 0.9670...
Buy AUD on Dips into 0.7305 - Westpac Research Team at Westpac, suggests buying AUD on dips into 0.7305, stop 0.7215, as two of their three signal inputs are turning constructive on the AUD. Key Quotes “The RBA’s steady hand this week was no surprise but the lack of an overt easing bias was...
