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Asian Stocks headed for Weekly Rise, Higher Oil Underpins The Asian equities trade on a firmer note this Friday, having reversed almost half the post-Brexit slump, and now remain poised to book weekly gain as markets continue to speculate fresh stimulus measures from the global central banks to c...
Gold Builds on Overnight Gains, Spikes to $ 1330 Gold extended its three-day winning streak and spiked higher over the last hour, heading for its fifth straight weekly gains, as the greenback turned negative across the board amid risk-on market profile. Gold holds above 5-DMA support at $ 1320...
FxWirePro: AUD/NZD Falls Below 1.0450 Mark, Faces Key Support at 1.0416 AUD/NZD is trading around 1.0432 marks. Pair made intraday high at 1.0454 and low at 1.0422 marks. Short term bias remains highly neutral till the time pair holds key support at 1.0416 marks...
FxWirePro: NZD/USD Intraday Bias Higher, Good to Go Long on Dips According to an ANZ survey yesterday, New Zealand business confidence soared to a six-month high in June. The ANZ composite growth indicator that combines consumer as well as business confidence is giving a solid mandate for growth...
FxWirePro: EUR/JPY Edges Lower from Session Highs at 114.74, Intarday Bias Neutral EUR/JPY has edged lower from session highs at 114.74, but is holding above 5-DMA at 113.87. Poor Chinese data and deteriorating investors’ sentiment likely to keep demand for the Yen intact...
FxWirePro: USD/SGD Hovers Around Key Support at 1.3451 Mark, Bias Remains Neutral USD/SGD is currently trading around 1.3460 marks. It made intraday high at 1.3482 and low at 1.3443 levels. Intraday bias remains neutral till the time pair holds key support at 1.3451 levels. A daily close below 1...
FxWirePro: Silver Up by 1.6 Pct at $18.98, Marks Fresh High Since September 2014 XAG/USD is currently trading around $18.95 marks. It made intraday high at $18.98 and low at $18.68 levels. Intraday bias remains bullish till the time pair holds immediate support at $18.45 marks...
EURUSD Daily Forecast: July 01 2016 EURUSD Forecast The EURUSD attempted to push lower yesterday bottomed at 1.1024 but whipsawed to the upside and closed higher at 1.1106. The bias is neutral in nearest term. As long as stay below 1.1200 my overall technical bias remains bearish targeting 1.0700...
GBPUSD Daily Forecast: July 01 2016 GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.3205 but closed higher at 1.3307.The bias is bearish in nearest term testing 1.3120 area. Immediate resistance is seen around 1.3380...
USDJPY Daily Forecast: July 01 2016 USDJPY Forecast The USDJPY had another indecisive movement yesterday but keep making higher highs and lows since the Brexit last week. The bias remains neutral in nearest term. As long as stay below 103.55 I still prefer a bearish scenario at this phase...
USDCHF Daily Forecast: July 01 2016 USDCHF Forecast The USDCHF had a bearish momentum yesterday bottomed at 0.9727. The bias is bearish in nearest term testing 0.9670. Immediate resistance is seen around 0.9800...
This is the private survey manufacturing PMI. It's a different survey, different firms surveyed than in the official survey we got earlier. Tending to be smaller firms than those in the official survey. Caixin Manufacturing PMI 48.6 expected 49.2, prior 49...
The big risk is a bunch of politicians will win I guess. OK ... lets get on with it. Expectations are that the current government will win the election. But its not as if it'll be a landslide and the Opposition is in with a chance...
The Bank of Japan wants to hear your problems! Bloomberg report on enhanced communication activities at the bank: The BOJ has added its own surveys of investors and primary dealers since last year, on top of separate Ministry of Finance panel discussions with traders and economists...
The Bank of Japan's Tankan Survey. Its a survey of manufacturing and service companies designed to assess business conditions in Japan. The BOJ Tankan is conducted quarterly...
Japanese inflation data, National for May and Tokyo for June National CPI -0.4% y/y, expected is -0.5%, prior was -0.3% National CPI y/y excluding Fresh Food, -0.4% expected is -0.4%, prior was -0.3...
US energy secretary says agreed with Saudi energy minister that oil market still has more supply than demand (US energy secretary speaks after meeting with Saudi energy minister in Beijing) Says: Saudi energy minister sees oil market in balance towards the end of 2016 He expects oil market to be...
Australian Industry Group (AiG) Performance of Manufacturing Index for June comes in at 51.8 prior 51...
AUDUSD. With the pair remaining biased to the upside, more strength is expected. On the downside, support resides at the 0.7400 level where a breach will aim at the 0.7350 level. Below that level will set the stage for a run at the 0...
