FxWirePro: Chinese Yuan falls As China's CPI Remains Stable in April USD/CNY is currently trading around 6.5198 marks. It made intraday high at 6.5224 and low at 6.5140 levels. The CPI rose 2.3% year-on-year in April, in line with market forecasts and unchanged for the third consecutive month...
NZD/USD: Technical Picture is Bearish - Westpac Imre Speizer, Research Analyst at Westpac, suggests that the NZD/USD has been stronger than expected so far this year, thanks mainly to the US dollar’s decline. Key Quotes “We still expect it to weaken but now target an upgraded 0...
AUD/JPY Extends 3-Day Winning Streak, 80 Handle Tested AUD/JPY extends its recovery mode from three-month troughs, receiving fresh boost from the extension of the risk-on trades in Europe. AUD/JPY advances on yen weakness The AUD/JPY pair now trades +0.66% higher at 79...
As is usual for Monday, data events are few and price action is subdued. Ahead we have Factory Orders from Germany, CPI from Switzerland, and House Price Index from the UK – none of which are expected to have any notable impact. Start your week with my prepared most recent currency update below...
NOK-Longs will Have to Wait – Danske Bank Mikael Milhoj, Senior Analyst at Danske Bank, believes NOK could barely react to another ‘on-hold’ stance by the Norges Bank at its meeting later in the week...
EUR/USD Back on the Bids, Re-takes 1.1400 Fresh bids caught the EUR/USD pair ahead of 20-DMA (1.1368) over the last hour, as the US dollar wiped-out gains and turned in the red zone against its major peers amid a data-quiet European session ahead. EUR/USD bounces-off 1...
GBP/USD Attempting a Move Past 20-DMA Resistance The GBP/USD pair maintained its bid tone above 1.4400 pivot point, lifting the pair back to day's peak level of 1.4428 during early European session...
EUR/GBP Risks a Drop to 0.7654 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could re-visit the mid-0.7600s. Key Quotes “No change - EUR/GBP continues to probe the...
EUR/USD Neutral, Could Test 1.13 – UOB Analysts at UOB Group keep the neutral stance on EUR/USD, although it could slip toward the 1.1300 handle in the near term. Key Quotes “We just shifted to a neutral stance last Friday and there is no change to the view”...
Oil Trades Mixed, Cautious Before Weekly Inventory Reports Having witnessed a volatile session the day earlier, oil benchmarks on both sides of Atlantic are seen trading directionless in a tight range, as markets await the API inventory report for fresh momentum...
USD/CHF Retreats from Highs, Tests 0.9700 The greenback keeps alive its march north on Tuesday, although USD/CHF has retreated from highs and returned to the 0.9700 neighbourhood...
GBP/JPY Fast Approaching 20-DMA Near 157.00 Level Extending its smart recovery from sub-155.00 level on Monday, the GBP/JPY pair on Tuesday moved back above 10-day SMA and is now inching closer to 157.00 handle...
Loonie Vs. Wti Correlation Study It is quite well known that Canadian Dollar and Oil are closely related since oil is Canada’s major export product...
GBP/JPY Breaks Major Resistance, Jump Till 158.50 Is Possible - It is Good to Buy at Dips Major resistance- 156.71 (21 day MA) Major support - 155.85 (7 day EMA) The pair has been consolidating between 156.66 and 153.63 for the past six trading session. GBP/JPY has violated above 156...
China has published the mixed inflation data. The consumer price index was in line with expectations, and the producer price index was slightly better than expected. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
FxWirePro: Kiwi Erases Previous Gain Against Aussie, Remains Well supported Above 1.08 AUD/NZD is trading around 1.0870 marks. Pair made intraday high at 1.0872 and low at 1.0795 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0833 marks. A daily close below 1...
NZD/USD Eyeing 200-DMA to Extend Support Bears further tightened their grip on the NZD/USD pair as the pair continues to spiral down below the mid-point of 0.6800-0.6700 handle to currently trade 10-pips away from a fresh two-month low of 0.6733 touched earlier...
USD/CAD Clings to Gains Below 1.3000 The Canadian dollar is now reclaiming some ground vs. its American neighbor, dragging USD/CAD to the 1.2970 area. USD/CAD focus on oil, data After briefly surpassing the psychological handle at 1.3000 on Monday, spot has now receded to the 1...
GBP/USD Subdued Around 1.4400, Ignores Better Risk Tone The GBP/USD pair failed to sustain at higher levels and struggles around 1.44 handle, as the bears fought back control amid mixed oil prices and higher Asian equities. GBP/USD: 100-DMA at 1...
