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EUR/USD: We are overall bearish and would prefer to sell upticks. A break above nearby resistance in the 1.1220 area would signal room towards 1.1300/50 before sellers emerge. Our downside targets are towards 1.1095 and then the 1.0990 area...
Gold: View of Major Top Over the Last Month Remains Gold near term outlook: In the May 26th email once again affirmed the bearish view (important top at the May 2nd high at $1304) and rolling over of the multi-month topping/channel...
WTI Reduces Losses Post-EIA, Focus on Fedspeak Prices for the barrel of West Texas Intermediate have trimmed earlier losses following the EIA report, navigating the $48.70 area after testing the $48.00 region. WTI weaker on OPEC, EIA The barrel of WTI managed to bounce off lows in the $48...
Volatility Reigns, as OPEC & ECB Hold Out • What will happen when Draghi turns hawkish? • OPEC out to preserve market share • Will Verizon strike hit tomorrows NFP number...
USD/CAD Bullish Above 1.3050 – Scotiabank Eric Theoret, FX Strategist at Scotiabank, sees the perspective for the pair as bullish while above 1.3050...
DXY Inter-Markets: Losing Momentum? The US Dollar Index (DXY), which tracks the greenback vs. its main competitors, has managed to regain the positive territory around 95.50 today, reverting the initial drop to multi-day lows in the 95.15/10 band...
Nonfarm Payrolls Preview: Wages Again in the Spotlight Heading into a new US Nonfarm Payroll release, the American dollar has lost the momentum triggered a couple of week ago by the FED, suggesting a rate hike is possible this June...
EUR/JPY Tumbles to Over Three-Year Low Level of 121.00 After flirting with 122.00 support for major part of the day, the EUR/JPY pair finally broke through the handle support and tumbled to 121.00 mark, its lowest level since March 2013...
Scope for Volatility in GBP in the Run Up to Referendum Day May is likely to prove a challenging month for markets with a number of risks events in store, including the Fed monetary policy meeting on June 15th and the UK referendum on June 23rd...
UK Construction PMI Misses Forecasts, Extends Slowdown in May The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) missed forecasts at 52.5 and printed at 51.2 in May, down from 52.0 in the previous month...
The ECB Kept Today Its Monetary Policy Unchanged as was Widely Expected European shares traded volatile today, but dropped lower in the afternoon, reversing earlier gains. Currently, most European indices trade slightly lower...
No Surprises from OPEC There was never a chance that OPEC would cut production today, meaning there are no real surprises from the outcome of this meeting resulting in OPEC failing to reach an output deal...
Important Note You must add the following URL to enable it successfully: Click Tools > Options > Expert Advisors Check the option "Allow WebRequests for listed URL" Add the following URL to the list: https://www.stockpair.com...
Important Note You must add the following URL to enable it successfully: Click Tools > Options > Expert Advisors Check the option "Allow WebRequests for listed URL" Add the following URL to the list: https://www.stockpair.com...
USD/JPY Sell-Off Continues, Tumbles Below 109.00 Level Despite of a broader recovery for the greenback, tracked by the US Dollar Index, the USD/JPY pair maintained its undertone and extended its slide further below 109.00 handle to currently trade around the mid-point of 108.00 level...
NZD/USD Bullish Above 0.6840 – UOB In opinion of analysts at UOB Group, the outlook for the Kiwi dollar could turn to bullish on a surpass of 0.6840. Key Quotes “While the strong 0...
USD/JPY Forecast: Fresh Lows on Risk Aversion Fresh lows on risk aversion. The USD/JPY pair continued declining this Thursday, down below the 109.00 mark ahead of the US opening and after ECB's economy policy decision...
AUD/USD Rallies Could Struggle Near 0.7350 – Westpac Strategist at Westpac Sean Callow sees bullish attempts in the Aussie dollar to remain somewhat capped in the mid-0.7300s. Key Quotes “May was AUD/USD’s weakest month (-4...
US Dollar Turns Positive Near 95.50 The greenback, tracked by the US Dollar Index, has reverted the initial bearish tone and is now testing the positive territory in the 95.45/50 band. US Dollar rebounds from 95.15 After bottoming out in the 95...
