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EURGBP Sets Up To Build On Recovery EURGBP- Having reversed most of its one-day corrective losses to close higher on Wednesday, further move higher is envisaged. Resistance resides at the 0.7900 level where a violation if seen will turn risk towards the 0.7950 level. On further upside, the 0...
GBP/USD Struggles to Hold 1.45 Handle, Awaits UK Trade Data Having surrendered 1.45 handle in early Asia, the GBP/USD pair continues to trade around a flat-line near the last, unable to find a clear direction amid widespread risk-aversion...
USD/JPY Bounces-Off 106.50 as Nikkei Recovers Losses The USD/JPY pair moved-off lows, although remains heavily offered as the extended slide in the Nikkei continues to boost the demand for the yen. USD/JPY reverts to 107...
NZD/USD Extends RBNZ-Led Rally, Hits Fresh 1-Year High Near 0.7150 The NZD/USD pair found fresh bids near 0.7120 region and regained poise, now trading within a striking distance of yearly highs, as markets absorb the latest RBNZ OCR decision as well as Wheeler’s comments. NZD/USD eyes on 0...
The Two Middle Eastern Pegs: Stability Offered is Welcome - BBH Research Team at BBH, suggests that with yesterday’s gains, the price of Brent has nearly doubled from its lows in January. Key Quotes “Of course, the price of oil is still less than half of levels that prevailed two years ago...
AUD/JPY Fails to Resist Above 80 Yet Again, Risk-Off Weighs A renewed risk-aversion wave gripped the markets this Thursday, knocking-off AUD/JPY sharply lower from above 80 mark on increased bids for the safe-haven yen. AUD/JPY making lower tops on daily charts The AUD/JPY pair now drops -0...
Gold Retreats in Asia, but Stays Above $ 1260 Gold is seen correcting slightly lower towards 1260 levels, after having reached fresh three-week highs just before NY close as summer Fed rate hike expectations recede. Gold: 1260 mark tested Currently, gold now trades -0.20% lower at 1262...
FxWirePro: USD/SGD Hits Fresh Monthly Low at 1.3449, Good to Sell on Rallies USD/SGD is currently trading around 1.3475 marks. It made intraday high at 1.3496 and low at 1.3449 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3537 levels. A daily close below 1...
FxWirePro: Yen Continues to Add Strength Against US Dollar, Intraday Bias Remains Bearish USD/JPY is currently trading around 106.60 marks. It made intraday high at 107.08 and low at 106.51 levels. Intraday bias remains bearish till the time pair holds key resistance at 107.38 marks...
FxWirePro: ASX200 Struggle to Close Above 5400, Good to Buy at Dips Major resistance - 5430 (27th May 2016 high) Major Support - 5270 ASX200 has started to decline after making a high of 5387 yesterday. It is currently trading at 5355...
EURUSD Daily Forecast: June 09 2016 EURUSD Forecast The EURUSD had a moderate bullish momentum yesterday topped at 1.1410. The bias remains bullish in nearest term testing 1...
GBPUSD Daily Forecast: June 09 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.4430 region but key support remains around 1.4350. Immediate resistance is seen around 1...
USDJPY Daily Forecast: June 09 2016 USDJPY Forecast The USDJPY was indecisive yesterday but overall still able to maintain its bearish bias so far. The bias remains bearish in nearest term testing 106.00 – 105.50 area which remains a good place to buy with a tight stop loss...
USDCHF Daily Forecast: June 09 2016 USDCHF Forecast As expected, the USDCHF continued its bearish momentum yesterday bottomed at 0.9581. The bias remains bearish in nearest term especially if price able to make a clear break below 0.9570 testing 0.9470 region...
EURGBP- Having reversed most of its one-day corrective losses to close higher on Wednesday, further move higher is envisaged. Resistance resides at the 0.7900 level where a violation if seen will turn risk towards the 0.7950 level. On further upside, the 0...
Little RBA Cheer for Aussie Dollar Bears - UBS The Reserve Bank of Australia's (RBA) decision to leave the cash rate on hold at 1.75% earlier this week was expected. According to the UBS team, not so was the neutral rates bias delivered in the post-meeting media release...
Oil Reaches Fresh 10-Month Highs Amid Output Disruptions Oil prices rose to fresh 10-month highs on Wednesday, as a drawdown in US stockpiles and output disruptions in Nigeria helped to ease supply glut concerns. West Texas Intermediate crude oil for July rose 1.7% and settled at $51...
Oil Pulls Back After Fresh Highs Despite Inventory Drawdown Oil futures reached fresh 10-month highs and immediately turned lower despite data showed US crude oil inventories declined more than expected last week. US Department of Energy reported US crude oil inventories fell by 3...
