FxWirePro: USD/CAD Key Support at 1.2733, Favoring Further Upside The USD/CAD pair retreated back from 2-week high on Thursday after oil prices rebounded towards 45$ per barrel. However, in the early US session the pair rebounded after finding support level at 1.2782 levels...
Canadian Bonds Mixed on Weak Building Permits, Rallying Crude The Canadian government bonds were trading mixed Thursday after reading weaker than expected April building permits and rallying crude oil prices...
US Stocks Open with Modest Gain Major US equity indices on Thursday opened trading on a positive note, taking cues from higher crude oil prices. In early trade, Dow Jones Industrial Average opened 0.2% higher at 17,690, while S&P 500 advance 0.2% to 2,055...
AUD/USD Struggling to Consolidate Above 0.7500 AUD/USD is staging a modest recovery on Thursday, with the Aussie among the best performers at the beginning of the New York session, helped by better-than-expected domestic data. AUD/USD has moved off lows at the 0...
"We closed our last short position at 1.2480 as initially planned in we are currently flat on this pair. We will look for an impulsive move above 1.2700 to consider a "maybe" temporarily bottom." - USDCAD: Liquidated Shorts - No Sign of Reversal Yet...
FxWirePro: Cable Oscillates in Topsy-Turvy Trend, Break Below 1.4462 to Resume Bears Business in Action We had explicitly made a mention in the below statement, now see what has happened: “Breaks resistance at 1...
The fractal down was formed and soon crossed with the price. It gave us a signal to enter the market to buy #EURUSD. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
We have fixed the result of the long position in #USDJPY. Soon we've received one more signal to buy the pair. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
FxWirePro: AUD/JPY Major Support at 79.60, Weakness Only on Breaks Below AUD/JPY has been trading a falling channel on the weekly charts. Major support is seen around 76.50 to 79.60 zone. Breaks below could see test of 77.60 level. Further weakness could see test of channel base at 75 levels...
EUR/GBP Eying 50-Day SMA to Extend Support The EUR/GBP pair extended its slide during pre-opening session in the US, hitting fresh sessions low of 0.7878...
USD/JPY Keeps Gains Aabove 107.00 on US Data The greenback is clinging to its daily gains vs. its Japanese counterpart today, with USD/JPY navigating the low-107.00s following US releases...
What is Correlating in FX? - Nomura Research Team at Nomura, suggests that after scanning 2,000 cross-market correlations, they find that nominal rate differentials have started to assert themselves...
US Jobless Claims Rose for a Second Week US initial jobless claims climbed 17,000 to 274,000 in the week ended Apr 29, the Labor Department said Thursday...
EUR/USD Stays Near Lows after US Jobless Claims EUR/USD remained steady near daily lows after data showed US jobless claims rose for the second straight week...
EUR/JPY Fall to Session Low of 122.50 After yesterday's rejection from 123.53 level, on Thursday too, the EUR/JPY pair failed to sustain its move above 123.00 handle and has now dropped to day's through level of 122.50...
USD: Positioning Itself for a Big Move - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the futures market may be suggesting that the market is pricing in only a 10% chance of a Fed rate hike in June but there other signs that many investors may have started to take the risk muc...
USD Could See a Bounce to 94.00/95.00 – Westpac Strategist Richard Franulovich at Westpac believes the rebound of the greenback could test the 94.00/95.00 area. Key Quotes “USD oversold on multiple metrics - heavy short positioning and underdone Fed hike probabilities two notable examples”...
UK PMI's Paint a Worrying Picture, Push Back BOE Rate Hike Expectations to 2017 UK service sector which is considered the main driver of the UK’s economic growth appears to be slowing down...
In our latest analysis we were expecting a pullback in EURUSD, and even though it went a bit deeper than our target, it immediately recovered with the amazing rally from 1.12 up to higher 1.15 levels. What we are experiencing up to now is a ...Read Trade Setup Here...
