USD/JPY Risks Point to the Upside – Westpac Strategist at Westpac Robert Rennie sees the pair could edge higher in the near term. Key Quotes “Last week we argued for USD/JPY in a 108/109.50 range, though we highlighted “risks around FOMC minutes and US CPI to the topside”...
EUR/USD Breaks Below 1.12, Session Lows The greenback is extending its rally today, now forcing EUR/USD to break below the critical support at 1.1200. EUR/USD focus on US releases Spot is printing fresh 7-week lows in sub-1...
US Dollar Index Trade Idea Major resistance- 95.20 (Apr 14th 2016) Major support – 94.10 (21 day MA) US Dollar index has surged overnight on the modestly hawkish FOMC minutes increased hopes of rate hike in June...
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, XAU/USD Analysis for May 19th, 2016 EURUSD, “Euro vs US Dollar” We think, today the price may reach a new low. Later, in our opinion, the market may form another consolidation to start a new correction...
GBP/USD Bullish Again, Targets 1.4770 – UOB Following the sharp appreciation of GBP/USD, analysts at UOB Group have shifted their stance to bearish. Key Quotes “The unexpected clear and strong break above 1.4550 has shifted the 2-week neutral outlook to bullish again”...
USD/CAD Knocks 1.3100 Handle, Now Eyeing to Test 1.3150 Building on to its recovery momentum above 1.3000 psychological mark, the USD/CAD pair tapped 1.3100 handle on Thursday for the first time since April 8...
Sharp Recovery Lifts USD/CHF Back Close to 0.9900 Level In the last one hour, the USD/CHF pair witnessed a sharp recovery from session's low and has now moved within striking distance of 0.9900 level...
EUR/JPY: Sell-Off Extends Towards 123 ahead of ECB Minutes The EUR/JPY cross is currently experiencing some fresh selling, as the downward pressure intensifies on both the EUR/USD pair as well as on USD/JPY. EUR/JPY eyes 123 The EUR/JPY pair now drops -0.36% to fresh daily lows of 123...
Add short AUD/USD - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the CFTC data, in terms of outright positioning, show (falling) net shorts in GBP, EUR and MXN, promising the hope of resilience, and longs in JPY, CAD, AUD and NZD, which makes that set look more vulnerabl...
USD/JPY Dips Lelow 110.00 Level The USD/JPY pair failed to built on to its early Asian session up-move to 110.38 and has now dropped back below 110.00 handle to currently trade near session low at 109.90...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, May 19th EUR/USD fell sharply since this Wednesday. Now pair is trading near its three-week lows after massive sell-off on the back of surprisingly hawkish FOMC meeting minutes...
On EURUSD timeframe H4, MACD (12,26,9) is showing strong downtrend...
GBPUSD Strong Upside Intact Fears of Brexit have diminished at least for the time being as latest polls suggest that pro EU option leads by 10 % (55 % vs 45...
EUR/USD Now Eyes 1.1140/45 – UOB The research team at UOB Group expects EUR/USD to grind lower to the 1.1140 area. Key Quotes “The 1.1215 target that first highlighted earlier this week was exceeded with a low of 1.1200/05”...
GBP/USD Off Highs, Back Near 1.4640 After climbing as high as the vicinity of 1.4660 in early trade, GBP/USD has now surrendered some gains and is now hovering over the 1.4630/40 band...
GBP/USD Forecast: Bullish on Self-Strength The Pound keeps rallying this Thursday, underpinned by surprisingly better-than-expected retail sales data. According to official readings, Retail Sales surged by 1.3% last April, against expectations of a 0.5% advance. Yearly basis, it surged to 4...
EUR/USD Forecast: 1.1120 Now Possible The EUR/USD pair extended its decline down to 1.1203 this Thursday, surpassing April´s low of 1.1215, and trading barely above this levels in the European morning...
European Stocks Dive on Hawkish Fed Minutes, Oil Sell-Off The European stock markets extend their downward spiral for the second straight session this Thursday, as risk-off market profile persists amid extended sell-off in the oil prices and surprisingly hawkish minutes of the FOMC April meeting...
AUD/USD Remains Vulnerable – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could accelerate the downside to 0.6828. Key Quotes “AUD/USD has eroded the 200 day ma at .7260, this is negative. The intraday Elliott wave are more negative”...
