Last week's US employment data were taken by the market as modestly disappointing. In this context, it is curious to see the USD stronger against most currencies since then. In our view, the single biggest driver is the sudden surge in fears of a renewed bout of risk aversion stemming from China...
EUR/JPY Hits Fresh 10-Day Highs at 124.50 The EUR/JPY cross stormed its way through 124 handle and now accelerates to the upside beyond the last as the yen sees a free-fall amid persistent risk-on market profile. EUR/JPY takes out-Tuesday’s high The EUR/JPY pair now advances +0.46% to 124...
USD/CAD Holds Resistance Turned Support Near 1.2825 EIA's weekly inventory data released on Wednesday drove oil prices higher and in-turn dragged the USD/CAD pair further below 1.2900 handle to 1.2830. The pair extended its slide after the US crude inventories shrunk by 3...
FxWirePro: Reiteration on AUD/USD's Major Trend Continuation After Rejection of Resistance at 23.6% Fibos and at 0.7651 Didn’t we alert you for the shorts..? Please follow below weblink: https://www.tradingview...
Why Dollar Is Well Bid Despite Disappointing Non-Farm? After Friday’s worse than expected non-farm payroll report, after initial jolt, Dollar has snapped back and still remains quite well bid against number of currencies...
FxWirePro: Indian Rupee Strengthens Against US Dollar, Good to Sell on Rallies USD/INR is currently trading around 66.57. It made intraday high at 66.62 and low at 66.54 marks. Intraday bias remains bearish till the time pair holds key resistance at 66.72 marks. A daily close below 66...
USD/JPY Minor Weakness Only Below 108, Good to Go Long Major support – 108 (7 day EMA) Major resistance – 108.81 (21 day MA) USD/JPY has taken support near 7 day EMA and slightly recovered from that level. It is currently trading around 108.75. Minor weakness can be seen only below 108 level...
On Thursday, the British currency will attract traders' attention, as today it is so-called #SuperThursday. Forecasts' revisions, Carney's comments, the inflation report... everything can affect GPB. Find out more by checking out the Source Link...
Gold: Offered at 10-DMA, Drops to Test $ 1270 The yellow metal failed to sustain two back-to-back sessions of gains and fell sharply in the Asian hours, having met fresh supply almost at 10-DMA. Gold finds support at $1270 Currently, gold trades -0.37% lower at 1272...
EUR/USD Consolidates in a Directionless Trading Session As risk-aversion strikes back, the EUR/USD pair is moving in a narrow trading band, consolidating Wednesday's gains ahead of the BoE's Super Thursday...
US: Moderate Growth Expected Through to 2018 - NAB Tony Kelly, Senior Economist at NAB, suggests that the U.S. economy had a weak start to 2016, but they forecast it to rebound, with moderate growth expected through to 2018...
USD/JPY Tracks Nikkei Higher, 109 – a Whisker Away The extension of gains on the Japanese stocks further fuelled the risk-on sentiment and boosted the bids for USD/JPY, now pushing the rate closer towards 109 handle...
FxWirePro: USD/MXN Bullish Engulfing Appears Despite Shooting Star and Gravestone on Monthly - Don't Be Deceived With On daily charts of USD/MXN, shooting star candle occurred at 17.8410 followed by a bullish engulfing pattern candle also occurred at 17.8379 levels...
Guide to Today's Important Data and Events Not many economic dockets scheduled for today and some with high risks associated. Data released so far – Australia – Consumer inflation expectations for May declined to 3.2% from 3.6% prior. Upcoming –...
EUR/GBP Tests Wednesday’s High Above 0.79, BOE Eyed The cross in the EUR/GBP trades in a flat-lining above 0.79 handle, now catches fresh bids in an effort to take-out Wednesday’s high at 0.7920 as the pound runs through fresh offers in early Europe...
GBP/USD Treads Water Around 1.4450, BOE in Spotlight The bulls tried hard to regain control almost through the Asian session, but in vain, as the GBP/USD pair continues to consolidate the downside on 1...
CHF: Unresponsive to Positive Inflation Surprise - Nomura Research Team at Nomura, suggests that a few positive Swiss economic data releases such as April CPI inflation are unlikely to change the CHF weakening trend. Key Quotes “April Swiss CPI released on Monday recovered to -0.4% y-o-y from -0...
FxWirePro: AXS200 Faces Strong Support at 5300, Good to Buy at Dips Major Support - 5300 ASX200 pares losses made yesterday and slightly jumped till 5367 at the time of writing. It is currently trading at 5346. Short term trend is slightly bullish as long as support 5300 holds...
FxWirePro: Aussie Falls As Inflation Expectation Dips to Fresh 8-Month Low AUD/NZD is trading around 1.0756 marks. Pair made intraday high at 1.0819 and low at 1.0747 marks. MI inflation expectation falls to fresh 8 month low to 3.2% m/m vs 3.6% previous release...
