BoE Interest Rate Expectations – Lloyds Bank Gajan Mahadevan, Research Analyst at Lloyds Bank, suggests that the changes in UK rate expectations have been a key factor in the decline in GBP/USD...

Australian Dollar Drops Against Most Majors The Australian dollar weakened against most major currencies in the Asian session on Wednesday. The Australian dollar fell to a 6-day low of 0.7439 against the U.S. dollar, from yesterday's closing value of 0.7456...

EUR/JPY Rejected off 126.00 Resistance EUR/JPY saw heavy demand in early Tokyo, sending the pair straight into the 126.00 resistance level - prior triple bottom -, from where offers have managed to cap further upside, allowing a mild correction lower towards 125.80, current price...

Pivot Points-Daily Last Updated: Mar 16, 5:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09934 1.1047 1.10773 1.11006 1.11309 1.11542 1.12078 USD/JPY 110.26 111.772 112.435 113.284 113.947 114.796 116.308 GBP/USD 1.38628 1.40299 1.40892 1.4197 1.42563 1.43641 1.45312 USD/CHF 0.97767 0.98235 0...

The Bank of Japan, last night decided to leave their current stimulus plan unchanged, in addition to the current benchmark rate at -0.10%. The members votes 8-1 to keep the current stimulus package at ¥80 trillion. The members also voted 7-2 to keep the benchmark rate unchanged...

Brent Oil Slides, Eyes 100-DMA Support Oil benchmarks are being offered, with Brent now trading well below hourly 200-MA and appears on track to test 100-DMA support at $38.40 levels. Brent down 2% Futures currently trade 2% lower on the day around $38.75/barrel...

AUD/USD Slumps to Lows Near 0.7460 The Aussie dollar is now depreciating further, dragging AUD/USD to visit fresh lows in the 0.7460 area...

EUR/USD Above 1.11 as Stoxx 50 Futures Drop The bid tone around EUR strengthened on signs of risk-off in equities, pushing the EUR/USD above 1.11 handle and to a session high of 1.1118 levels. Weak stocks support EUR At the time of writing, Stoxx 50 futures were down 0...

GBP/USD Trades Below 50-DMA British Pound extended its depreciating trend in Asia, taking the GBP/USD pair well below its 50-DMA located at 1.4303 levels. Eyes 50% Fibo The pair is now trading within a striking distance from 1.4252 (50% of 1.4668-1.3835...

EUR/USD Wobbles Around 1.1100, US Data Eyed The single currency is alternating gains with losses vs. the greenback on Tuesday, taking EUR/USD to the area around 1.1100 the figure. EUR/USD supported near 1...

AUD: Focus on the Labour Market, RBA Minutes & FOMC – NAB Research Team at NAB, suggests that the recent RBA communications have focused on whether the Australian labour market can continue its improvement and whether early-year financial market volatility impacts on the outlook for global or...

NZD/USD Drops Towards 200-DMA as Commodities Tumble The NZD/USD pair witnessed heavy sell-off over the last couple of hours as risk-sentiment deteriorated amid global sell-off. NZD/USD deflates from 0.6685 Currently, the NZD/USD pair trades -0.28% at 0.6656, having posted fresh session lows at 0...

Weaker Greenback Leaves Door Open for the Fed - Scotiabank Derek Holt, Research Analyst at Scotiabank, suggests that there are thought to be two main impediments to the Fed hiking in the near-term including the higher odds of a hike this week than markets are pricing...

Euro After Draghi – Deutsche Bank George Saravelos, Strategist at Deutsche Bank, lists down their conclusions from last week’s ECB decisions on EUR/USD. Key Quotes “First, the near-term case for further EUR/USD downside has weakened...

Asian Stocks Drop on BOJ’s Status-quo, Commodities Sell-off The stocks on the Asian indices were hit by a renewed selling wave after the BOJ kept rates on-hold and hinted at no further easing at its monetary policy decision announced earlier on the day...

Gradual EUR/USD Depreciation More Likely - Nomura Yujiro Goto, Research Analyst at Nomura, suggests that over the next three months or so, EUR trading will likely depend on three factors: i) efficacy of the ECB policy package, ii) external environment, especially Fed policy and risk sentiment, an...

BoJ Retains Interest Rate, Stimulus Unchanged The Bank of Japan refrained from raising its monetary stimulus and kept its negative interest rate unchanged on Tuesday...

NZ Dollar Slides Against Most Majors The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday. The NZ dollar fell to a 5-day low of 0.6644 against the U.S. dollar, from yesterday's closing value of 0.6673...

Australian Dollar Falls Against Majors The Australian dollar weakened against the other major currencies in the Asian session on Tuesday. The Australian dollar fell to 4-day lows of 0.7479 against the U.S. dollar, 85.04 against the yen and 1...

Gold Sits Near 2-Week Lows Around $ 1230, Fed in focus Gold futures on Comex extend the sell-off for the third consecutive day this Tuesday, and hovers near the lowest levels since March 2, as all eyes remain on the upcoming central banks’’ events globally...