Gold Attempting a Recovery to 100-DMA Ahead of US Data After dipping below $1200 level on Monday, Gold is attempting a recovery back towards 100-day SMA as traders seem to reduce their bearish bets ahead of the US economic releases...
USD/JPY Targets 111.90 – UOB The research team at UOB Group expects the pair to extend the upside towards the 111.90 region. Key Quotes “The target indicated at 111.30 was exceeded as USD surged to a high of 111.43...
CNH Weakness Especially Against JPY and USD - ANZ Irene Cheung, Research Analyst at ANZ, suggests that since March, CNH has depreciated notably against the JPY, as they expected. Key Quotes “We continue to expect a trend weakness in the CNH against the JPY...
CAD GDP: What to Expect of USD/CAD Canadian GDP figures are due later in the NA session, with prior surveys expecting the economy to have expanded at an annualized pace of 2.9% during the first quarter, a tad higher than the initial estimates by the BoC in the April’s MPR...
Dear Traders, Welcome back to a holiday-shortened trading week which is fully loaded with important risk events and economic data...
GBP/USD Forecast: Increasing Downward Potential The Pound surged up to 1.4724 at the beginning of the day, but plummeted to 1.4567, a fresh 5-day low with the London opening, a new telephone poll from ORB, shows that the "leave" vote surged up to the 46%, just 5% below the 51% of "remain" option...
USD/CHF Struggling Near 0.9900 Ahead of US Economic Data After rising to over 2-1/2 month high of 0.9956 on Monday, the USD/CHF pair has witnessed a steady decline and has now dropped back to 0.9900 handle ahead of some important US economic releases...
EUR/USD Surge Past 1.1150 Level, Focus Shifts to US Releases The EUR/USD pair reversed from session low level of 1.1122 and turned positive to currently trade above the mid-point of 1.1100-1.1200 handle as investors turn focus to US economic data...
GBP/USD Still Waiting for a Breakout of 1.4770 – UOB In view of analysts at UOB Group, the pair is expected to re-test the area of recent highs around 1.4770 in the next 1-3 weeks. Key Quotes “While the initial dip in GBP held above 1.4550 as expected, the rebound from the 1...
FxWirePro: EUR/USD Faces Strong Resistance at 1.1180, Good to Sell on Rallies Major intraday Resistance- 1.1155 (21 day 4 HMA and also trend line joining 1.12168 and 1.1200) Major support – 1.1100 (200 day MA) Euro has jumped till 1.11548 today and declined from that level...
FTSE Set to End May Near Its Highs Despite the FTSE 100 trading slightly lower so far today, it's been a good end to the month for the UK blue chip index which has shrugged off some early weakness and is currently marginally higher for May...
Gold Inter-Market: Closely Follows US Equities and USD/JPY Price Behaviour The bounce-back in the gold prices seen so far this week from just below $ 1200 threshold can be mainly attributed to the fall in the US equities amid increasing risk-off trades, as reflected by rising VIX...
USD/JPY Remains Bid Above 109.70 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside remains well and sound while above the 109.70 level. Key Quotes “USD/JPY has remained above the 55 day ma and is immediately bid above 109...
Daily Recommendations on Major -USD/JPY DAILY MARKET OUTLOOK on Major USD/JPY Update Time: 31 May 2016 09:07 GMT USD/JPY - 111.02 Although price has eased after yesterday's rally to a fresh 1-month peak at 111...
Gold Finds Support at 1200 Ipek Ozkardeskaya The US dollar has been firming since Friday as Federal Reserve (Fed) Chair Janet Yellen hinted at the possibility of a rate increase in the ‘coming months' at her speech last Friday...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, May 31st EUR/USD is losing its positions, down from 1.1150 level on the back of weak German retail sales. Today Eurozone will publish Consumer prices that expectedly will show 0.1% dip on a yearly basis...
EUR/USD Forecast: Consolidating at Lows ahead of US Data After a long weekend, volatility picked up in Asia, although the EUR/USD pair remains quietly consolidating within its latest range, a handful of pips above the 1.1100 figure...
USD/JPY Swings Back Above 111 on Sales-Tax News-Led Uncertainty Fresh selling seen in the Japanese currency over the last hour, lifted USD/JPY back on the bids above 111 handle, while markets now await the US economic data for further incentives. USD/JPY finds support above daily pivot at 110...
EUR/USD Depressed Near 1.1130 on CPI The shared currency keeps the negative territory on Tuesday, taking EUR/USD to the 1.1130/20 band...
