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EUR/GBP Challenging 100-DMA Support Near 0.7800 Handle The shared currency continued with its underperformance against the British Pound on Friday, with the EUR/GBP cross now moving back to 0.7800 handle...
USD/CAD Trims Gains to 1.2720 ahead of Data The Canadian dollar is now reclaiming the ground lost to its American neighbor, dragging USD/CAD to the 1.2720 area. USD/CAD focus on data, oil The pair is alternating gains with losses on Friday although it still manages to keep the trade above the 1...
GBP/USD Losing the Grip Near 1.4440 The sterling is following the rest of its risk-associated peers on Friday, sending GBP/USD to the lower end of the bound near 1.4440...
AUD/USD Slides Further to 0.7410, 100-DMA Back On Sight The AUD/USD pair is seen extending its Thursday's reversal from 0.7500 handle and is currently trading in the vicinity of 0.7400 handle amid broad risk-off trade...
USD/JPY Holding Stable Around 107.00 Handle Following a drop to 5-week low of 106.25 and a subsequent recovery back above 107.00 handle, the USD/JPY pair on Friday is holding stable around Thursday's closing level. Having topped at 107...
FxWirePro: NZD/JPY Breaks Major Support at 76.05, Good to Sell Rallies Kiwi rallied after the RBNZ left its interest rates on hold at 2.25%, but the rally lacked follow-through. The bird failed to sustain at higher levels and now extends its corrective slide as risk-off trades intensified...
EUR/USD Weaker, Breaks Below 1.1300 The single currency is extending its bearish note at the end of the week, now prompting EUR/USD to test the 1.1300 neighbourhood...
FxWirePro: Go Long on USD/INR at 66.78 With Stop Loss at 66.50 and Target of 67.12 USD/INR is currently trading around 66.82. It made intraday high at 66.88 and low at 66.74 marks. Intraday bias remains bullish till the time pair holds key support at 66.50 marks. A sustained break below 66...
Oil Extend Slide, Drops to Low Near $50.00 After hitting nearly one-year high of $51.64, WTI crude oil futures pulled-back on Thursday and extended the profit-taking slide on Friday and is currently trading just above the $50.00 psychological mark...
Global Growth Disappointment to Continue - RBS The views of RBS economists on global economic matters have been largely vindicated by the incoming data in recent weeks. Key Quotes “Global growth is decelerating and undershooting consensus forecasts as we anticipated...
FxWirePro: Sharp Fall in Australian Bond Yields Weighs on the Aussie, AUD/USD Tests 0.74 Handle AUD/USD extends correction for the second straight day as lower Australian bond yields weigh on the Aussie. The pair hit session lows of 0...
Asian Markets Trading on a Lower Note, Gold Back Below $1,270 All the major Asian indices are trading on a lower note on Friday and on the other side, Yen fails to fall below 106 marks and trading around 107.15 marks...
Is Silver About to Stage a Sharp Rally? Silver has been relatively volatile over the past few weeks as the metal has reacted to a range of rhetoric from the Fed on interest rate hikes. However, despite the recent pullback from the high at $17...
Daily Recommendations on Major EUR/USD EUR/USD - 1.1300 Although euro's anticipated decline from Thursday's fresh 1-month peak at 1.1416 (Asia) to as low as 1.1306 in New York and then intra-day weakness below said sup in Asia confirms early upmove from May's 1...
NZD/USD Turns Negative Below 0.7100, Testing Thursday’s Low The NZD/USD pair extends its retreat from yearly tops in the Asian session this Friday, having met fresh supply over the last hour amid renewed risk-off wave. NZD/USD unable to keep 0.71 handle Currently, the NZD/USD pair drops -0...
Gold Bounces-Off $ 1265, $ 1270 Back On Sight Gold extends its winning streak for the third consecutive session this Friday and heads for second straight weekly rise as poor risk conditions persisting in Asia underpins the safe-haven. Gold: supported above hourly 20-SMA at $ 1265...
Gold and NZD in Focus The dust settled on the RBNZ move and gold rallied Thursday, leaving both poised for more. The kiwi and USD were the top performers on Thursday while the euro led. Japanese PPI is next...
Guide to Today's Important Data and Events Not many economic dockets scheduled for today and all with low to medium volatility risks associated. Upcoming – China – China may release FDI details today. Japan – Tertiary industry index for April will be released at 4:30 GMT...
FxWirePro: USD/SGD Recovers from Fresh 1-Month Low, Good to Buy on Dips USD/SGD is currently trading around 1.3544 marks. It made intraday high at 1.3552 and low at 1.3528 levels. Intraday bias remains bullish till the time pair holds key support at 1.3449 levels. A daily close below 1...
