Daily Analysis of GBP/USD for June 03, 2016 The pair is still finding support around the 1.4408 level, which remained solid after BoE Governor Carney's speech during yesterday's session, and eventually it could do a rebound toward the 1.4464 level...
GBP/NZD Breaks Major Trend Line Support, Targets 2.000 Major Support: 2.110 (trend line joining 2.0400 and 2.1107) GBP/NZD breaks below trend line resistance today morning and declined till 2.1072. It is currently trading around 2.11036. Minor trend reversal only above 2.1300 level...
USD/CHF Holding Stable Above 0.9900 Level Ahead of NFP The USD/CHF pair seems to consolidate above 0.9900 handle following a smart recovery from a two-week low level of 0.9858 touched on Thursday...
EUR/USD Seen Testing 1.10 If Fed Delivers – Rabobank FX Senior Strategist at Rabobank Jane Foley believes the pair could grind lower to the 1.10 handle in case the Fed hikes rates this summer. Key Quotes “The minutes of the Fed’s April FOMC referred to three conditions for a rate hike in June...
03 June 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 08:30 Services PMI GBP High 52.3 52.5 Neutral 12:30 Average Hourly Earnings m/m USD High 0.3% 0...
Gold Flat at $1211 Amid Cautious Trade, Focus on NFP Gold is seen trading flat on Friday around $1211 level, supported by a minor downtick in the greenback as we head towards the key NFP release that would determine the Fed's near-term monetary policy stance...
GBP/USD: Weaker, Attacks 1.4400 ahead of UK PMI The GBP/USD pair keeps the offered tone intact in the early European trades, with the bulls guarding 1.4400 barrier, amid cautious tone prevalent in the markets as we move towards the UK services PMI release...
EUR/GBP Around 0.7740 ahead of UK EMU Data After hitting the area of 0.7780 on Thursday, EUR/GBP has now retreated to the 0.7740 region ahead of today’s UK, EMU docket...
USDCHF - We look to Buy at 0.9903 (stop at 0.9873) USDCHF - Posted mild net daily gains but all trading confined to the previous days range, an indecisive Inside Day. Price action is forming a bullish flag which has a bias to break to the upside...
NZD/USD Resumes Up-Move, Retesting 50-DMA at 0.6840 Following a brief pause on Thursday, the NZD/USD pair is extending its up-move on Friday to currently trade close to immediate resistance at 50-day SMA near 0.6840 region. The pair on Thursday dipped back below 0...
FxWirePro: AUD/CAD Finds Stiff Resistance in 0.9495-0.95 Area, Break Above Required for Further Upside Aussie moving in tandem with the minor rebound seen in commodity prices. Momentum studies are neutral, AUD/CAD trades a narrow range, holds above 21-DMA (currently at 0.9487...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today, focus is on NFP report. Data released so far – New Zealand – ANZ commodity prices rose 1% in May. Japan – Labour cash earnings rose 0.3% y/y in April...
EUR/USD Extends Correction above 1.1150, NFP in Focus The EUR/USD pair extends its recovering mode into early Europe, reversing a part of ECB-led slide witnessed yesterday, while the main risk event for today remains the US employment data due later in the NY session...
EUR/JPY Close to Over Three-Year Low Level of 121.00 The EUR/JPY cross seems to digest its Thursday's sharp fall and is now trending lower for fourth consecutive day to currently trade just shy of over three-year low level of 121.00 touched yesterday...
EURUSD Daily Forecast: June 03 2016 EURUSD Forecast The EURUSD failed to continue its bullish momentum yesterday and closed back below the daily EMA 200 as you can see on my daily chart below...
GBPUSD Daily Forecast: June 03 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday topped at 1.4472 but whipsawed to the downside and closed lower at 1.4420. The bias remains bearish in nearest term testing 1.4350...
USDJPY Daily Forecast: June 03 2016 USDJPY Forecast The USDJPY continued its bearish momentum yesterday bottomed at 108.52. The bias remains bearish in nearest term testing 108.00 – 107.70. Immediate resistance is seen around 109.15...
FxWirePro: USD/JPY Edges Higher from 3-Week Low of 108.50,rejected Above 109 Handle, Caution ahead of NFP Renewed bout of risk-aversion in the markets after the Chinese services PMI deteriorated in May, reinforced China slowdown fears and supported Yen buying...
FxWirePro: USD/SGD Hovers Around 1.3750 Mark, Good to Buy on Dips USD/SGD is currently trading around 1.3752 marks. It made intraday high at 1.3763 and low at 1.3741 levels. Intraday bias remains bullish till the time pair holds key support at 1.3721 levels. A daily close below 1...
