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Rallies in EUR/USD Could Falter Around 1.1465/95 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside could find strong resistance in the 1.1465/95 band. Key Quotes “EUR/USD is approaching initial resistance at 1.1415/20, the 61...
Investors Still Protecting Themselves from Potential Brexit Paul Hollingsworth, UK Economist at Capital Economics, on ‘Brexit' and GBP According to the latest polls conducted across the UK, the ‘Remain' campaign continues to strengthen its position among voters ahead of the June 23 referendum...
GBP/USD Clinches Highs Post-Data The British pound has recovered the smile today, now pushing GBP/USD to fresh tops in the vicinity of 1.4580. GBP/USD boosted by UK releases The pair managed to advance to session peaks in the 1.4580 area after UK’s Industrial Production expanded 2...
GBP/JPY Recovers to 156.00 on Upbeat UK Manufacturing Data After witnessing a volatile session on Tuesday, the GBP/JPY cross turned lower on Wednesday before recovering sharply to 156.00 level on upbeat UK manufacturing data. Earlier during the day, the cross dropped close to 155...
FxWirePro: BTC/USD Struggles to Break Above $600, Good to Sell on Rallies Chart pattern formed - Double top BTC/USD has formed a double top around $600 and slightly declining from that level. It is currently trading around $575...
FxWirePro: AUD/CAD Finds Stiff Resistance at 0.9542, Good to Sell Rallies AUD/CAD is extending downside from 1-month highs of 0.9545 hit on Tuesday. Intraday bias for the pair is lower, pair finds immediate support at 0.9455 (trendline), then 0.9446 (10-DMA). Major resistance is seen at 0...
EUR/USD Steadies Around 1.1370 as German Yields Drop to Record Lows Little action is seen in the EUR/USD pair in the European session this Wednesday, as the EUR markets have turned cautious amid ECB’s corporate bond purchases and looming Brexit concerns...
EUR/GBP Tests Highs Near 0.7840 A bout of selling pressure saw EUR/GBP briefly testing daily highs in the 0.7840 area before deflating a tad to the current 0.7825/20 band. EUR/GBP focus on UK data The European cross is reverting part of Tuesday’s drop to the mid-0...
GBP/USD Tracks UK Yields Lower, 1.4500 Tested ahead of UK IP The GBP/USD pair failed to keep gains and dropped sharply to 1.45 handle, mainly driven by fresh selling in the UK yields on increased uncertainty surrounding the EU referendum. GBP/USD fresh bids emerge at 1...
EUR/CHF Climbs to Session Tops, 1.10 on Sight? The Swiss franc is now giving away part of yesterday’s strong advance vs. its European peer, sending EUR/CHF to the boundaries of 1.0990...
CAD/JPY Faces Resistance at 84.25, Break Above Targets 85/85.50 Major resistance – 84.25 (trend line joining 84.43 and 84.31) Major support – 83.60 (90 H EMA) CAD/JPY has jumped till 84.21 after making a low of 83.74 at the time of writing. It is currently trading around 84.09...
Oil Turns Flat to $50.40, Eyeing EIA Inventory Data for Further Direction After hitting a fresh 8-month high level of $50.54, WTI crude oil prices retraced a bit from session high level to currently trade absolutely flat at Tuesday's closing high level of $50.40...
Gold Rises Above $1250 to a Fresh 2-Week High Level Following a minor pull back on Tuesday, dimming expectations of a Fed rate-hike continued assisting Gold to inch higher on Wednesday to currently trade above 50-day SMA resistance at a fresh 2-week high level of $1251...
EUR/NOK Could Grind Lower Near Term – Danske Bank Analyst at Danske Bank Mathias Mogensen expects the cross to slip to lower in the next sessions following a better sentiment around NOK...
USD Remains Under Pressure – Westpac In opinion of strategists at Westpac, the greenback’s perspective has somewhat deteriorated following May Payrolls. Key Quotes “Softer US retail sales could weigh on the USD while the FOMC is likely at best neutral if not negative for the USD too”...
GBP/USD Clings to Gains Near 1.4550, UK Data Eyed The sterling has retreated from session highs vs. the greenback, now sending GBP/USD to the 1.4550/45 band...
AUD/USD: Revisits Daily Lows, China Data-Led Rally Fizzles The AUD/USD pair resumed its corrective slide in early Europe on the back of profit-taking, following a brief spike to fresh five-week peaks post-China trade data release. AUD/USD back below 50-DMA at 0...
EUR/USD Stuck in a Narrow Trading Range Below 1.1400 Handle The EUR/USD pair remained stuck in a narrow band around the mid-point of 1.1300-1.1400 handle as market participants continue to evaluate the possibilities of a Fed rate-hike in July...
