Gold: View of Major Top Over the Last Month Remains Gold near term outlook: In the May 26th email once again affirmed the bearish view (important top at the May 2nd high at $1304) and rolling over of the multi-month topping/channel...
WTI Reduces Losses Post-EIA, Focus on Fedspeak Prices for the barrel of West Texas Intermediate have trimmed earlier losses following the EIA report, navigating the $48.70 area after testing the $48.00 region. WTI weaker on OPEC, EIA The barrel of WTI managed to bounce off lows in the $48...
USD/CAD Bullish Above 1.3050 – Scotiabank Eric Theoret, FX Strategist at Scotiabank, sees the perspective for the pair as bullish while above 1.3050...
DXY Inter-Markets: Losing Momentum? The US Dollar Index (DXY), which tracks the greenback vs. its main competitors, has managed to regain the positive territory around 95.50 today, reverting the initial drop to multi-day lows in the 95.15/10 band...
Nonfarm Payrolls Preview: Wages Again in the Spotlight Heading into a new US Nonfarm Payroll release, the American dollar has lost the momentum triggered a couple of week ago by the FED, suggesting a rate hike is possible this June...
EUR/JPY Tumbles to Over Three-Year Low Level of 121.00 After flirting with 122.00 support for major part of the day, the EUR/JPY pair finally broke through the handle support and tumbled to 121.00 mark, its lowest level since March 2013...
USD/JPY Sell-Off Continues, Tumbles Below 109.00 Level Despite of a broader recovery for the greenback, tracked by the US Dollar Index, the USD/JPY pair maintained its undertone and extended its slide further below 109.00 handle to currently trade around the mid-point of 108.00 level...
NZD/USD Bullish Above 0.6840 – UOB In opinion of analysts at UOB Group, the outlook for the Kiwi dollar could turn to bullish on a surpass of 0.6840. Key Quotes “While the strong 0...
USD/JPY Forecast: Fresh Lows on Risk Aversion Fresh lows on risk aversion. The USD/JPY pair continued declining this Thursday, down below the 109.00 mark ahead of the US opening and after ECB's economy policy decision...
AUD/USD Rallies Could Struggle Near 0.7350 – Westpac Strategist at Westpac Sean Callow sees bullish attempts in the Aussie dollar to remain somewhat capped in the mid-0.7300s. Key Quotes “May was AUD/USD’s weakest month (-4...
US Dollar Turns Positive Near 95.50 The greenback, tracked by the US Dollar Index, has reverted the initial bearish tone and is now testing the positive territory in the 95.45/50 band. US Dollar rebounds from 95.15 After bottoming out in the 95...
EUR/USD Turns Volatile, Drops to Session Low 1.1160 as Draghi Disappoints As the ECB press conference got underway the EUR/USD pair turned volatile, initially jumped to the vicinity of session high but faded the spike and touched a fresh session low of 1.1160...
EUR/USD: Draghi Disappoints, EUR Still Mute EUR/USD Current Price: 1.1181 The dollar got a short lived boost from Mario Draghi, as the ECB's head left the economic policy unchanged, as expected, whilst made the poorest upward revision ever for inflation, lifting expectations for this 2016 to 0...
EUR/GBP Keeps Lows Near 0.7750 EUR/GBP’s price action remains depressed on Thursday following the press conference by President M.Draghi. EUR/GBP gains capped near 0...
USD/CHF Trades Weak on Brexit Fears, Decline Till 0.9660 Is Possible Swiss franc has gained significantly after Brexit fears looms. It has recovered after making a low of 0.99510 yesterday...
FxWirePro: Copper Forms Bullish Gartley Pattern, Good to Buy at Dips Harmonic Pattern- Bullish Gartley Pattern Potential Reversal Zone (PRZ) – 2.020 Copper is expected to complete its Bullish Gartley pattern at 2.020 level. The commodity has declined till 2.037 and slightly jumped from that level...
GBP/USD is at Critical Support In the wake of major economic releases today, we can see that the GBP/USD pair is very close to critical support. Maybe it is time for a retracement. Current price action suggest a possible retracement towards 1.4540-50 zone (POC). 1...
GBP/USD Surges to Fresh Session High Just to Retrace Back to 1.4450 The GBP/USD pair surged to a fresh session high of 1.4472 but retraced few pips to currently trade around 1.4450 after two US labor market indicators came-in-line with estimates...
USD/JPY Sidelined Near 109.00 Post-ADP USD/JPY remains entrenched in the red territory today, bouncing off lows near 108.80 and looking to stabilized in the 109.00 neighbourhood...
