GBP/CAD Resumes Decline, Hits Fresh 1-Month Lows The GBP/CAD cross shed around 130 pips on Wednesday, resuming its decline as crude oil prices rallied to fresh 10-month highs...
EUR/USD: Upside Seen Limited - UBS UBS analyst team still think the Fed will hike rates this year, which should shift US yields higher and support the USD, however they warn against opening positions ahead of the June 14-15 meeting. Key Quotes “Today we closed our short EUR vs...
EUR/USD Consolidating Gains Hovers Around 1.1400 EUR/USD rose to 1.1410, hitting the highest level since May 12 at 1.1410 after the beginning of the American session. Afterward it pulled back modestly and it has been moving in a range during the last hours between 1.1385 and 1.1410...
Gold Advances to 3-Week Highs Gold advanced to fresh 3-week high on Wednesday, as fading hopes of a Fed rate hike continued to weigh on the dollar. The yellow metal reached its highest since mid May at $1,264.32 an ounce, to finally settle above the $1,260.00 mark. Gold has recovered up to the 61...
FxWirePro: USD/CAD Pauses Decline, Downside Risk Remains The USD/CAD pair continued its decline on Wednesday, as the Canadian dollar gained strength as the prices of oil gained further ground. A weaker U.S. dollar added to gains for the loonie...
EUR/USD: Modest Advance Keeps the Risk Towards the Upside EUR/USD Current Price: 1.1402 The American dollar ends the day marginally lower against most of its major rivals, with the EUR/USD pair extending its rally up to 1.1410...
EUR/JPY: Bearish Towards 120.20/40 Price Zone - FXStreet Valeria Bednarik, chief analyst at FXStreet noted that the EUR/JPY pair fell down to 121.32, but trimmed all of its daily losses ahead of the US close, to end the day pretty much flat below the 122.00 figure...
USD/JPY Intermarket: Still Down Despite Risk Appetite USD/JPY moved off session lows during the last hours but is still about to end the day in negative territory near 107.00. Risk appetite failed to weaken the yen in the market...
USD/JPY: Increasing Sensitivity to Broader Market Sentiment - Scotiabank Analysts at Scotiabank USD/JPY has faded the bulk of its rally from Monday’s one month low...
EUR/USD: Successive topping candles warn of a move back within range. We look for a low close to make us more bearish and confirm downside traction towards initial targets near 1.1250, the 21-dma. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
Swiss National Bank foreign exchange reserves data for May rose to CHF 602.1bn from 587.9bn. Around CHF 9bn of the increase can be explained by valuation effects (the CHF depreciated approximately 1.5% versus its foreign currency weighted basket in May...
Intermarket Analysis: USD/CAD on the Defensive as Oil Rallies USD/CAD extended losses into a fourth consecutive day on Wednesday, striking a 5-week low sub-1.2700 with sharp oil advance as the main driver behind the move...
Gold Inter-Market: Yellow Metal Set to Extend the Ongoing Bullish Momentum After a brief pause and a minor pull back on Tuesday, Gold resumed its disappointing US NFP led rally and touched a 3-week high level of $1260...
EUR/USD Gathers Further Traction Near 1.1400 The buying interest around the shared currency is now picking up pace, pushing EUR/USD to test post-Payrolls peaks near 1.1400 the figure...
EUR/USD Rises to Session High, Still Stuck in Range Below 1.1400 As the US Dollar, measured by the US Dollar index, continues to lose ground on Wednesday, the EUR/USD pair rose to a session high level of 1.1388 before retracing few pips to currently trade at 1.1380...
CAD/JPY Trade Idea Major resistance – 84.25 (trend line joining 84.43 and 84.31) Major support – 83.60 (90 H EMA) CAD/JPY has jumped till 84.21 after making a low of 83.74 at the time of writing. It is currently trading around 84.09. On the higher side any break above trendline resistance 84...
USD/CAD Weaker, Breaches Below 1.2700 USD/CAD has intensified its downside against a backdrop of a generalized bearish sentiment surrounding the greenback. USD/CAD focus on oil Spot has retreated to 5-week lows as the selling pressure around USD remains unabated...
US Dollar Keeps Falling, Closer to 93.50 The selling pressure remains intact around the greenback when tracked by the US Dollar Index, currently grinding lower to the 93.60 area...
GBP/USD Spikes to The Vicinity of 1.4600 Handle The GBP/USD pair bulls initially seemed unimpressed with surprisingly strong manufacturing data before the pair regained its bullish momentum and spiked to a fresh session high level of 1.4595, a whisker away from 1.4600 handle...
