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GBP/USD Fades a Spike to 1.4468 After UK Construction PMI, Drops Back to 1.4435 After an initial downward spike to 1.4417 on disappointment from UK construction PMI, the GBP/USD pair surged and extended its Asian session gains before retracing back to currently trade near 1.4435 level...
EUR/USD Bearish Phase Over? – UOB In view of the research team at UOB Group, the recent bearish phase in the EUR/USD seems to have ended. Key Quotes “The sharp recovery in EUR was unexpected and a break above the major 1.1200 resistance would not be surprising (overnight high has been 1.1198...
USD/CHF Supported Around 0.9800 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could find some support in the 0.9800 neighbourhood. Key Quotes “USD/CHF’s recent high at...
Euro Returns to 1.12 Before ECB Convenes - Alpari Yesterday's Trading: As the ECB meeting approaches the euro lifted to 1.12. The price returned back to 1.1150 twice during the American session after stats came out...
EUR/USD Buoyant Above 1.12 Ahead of ECB The common currency remains on a firm note in the second half of the week, sending EUR/USD back above the 1.1200 handle...
Oil Holds $49.00 Handle, Focus on OPEC Meeting WTI crude oil prices extended its rebound from Wednesday’s low of $47.73 and are currently holding its neck above $49.00 on hopes that OPEC members might revisit their discussion on production ceiling at Thursday's meeting in Vienna...
Technical Analysis of Silver for June 02, 2016 Technical outlook and chart setups: Silver is seen to be trading at $15.97 levels for now after bouncing off $15.81 levels yesterday. The metal now seems to have formed an intermediary low at $15.81 levels and is looking to rally from here...
Technical Analysis of Gold for June 02, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,214.00/15.00 levels at this moment. It may be looking to print one last low around $1,197.00 levels before turning bullish...
Technical Analysis of GBP/CHF for June 02, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4250/55 levels after bouncing off 1.4175 lows during early hours today. The pair seems to have formed an interim support at 1...
Technical Analysis of EUR/JPY for June 02, 2016 Technical outlook and chart setups: The EUR/JPY pair is seen to be trading at 122.20 levels after pulling back from 121.90 levels earlier. The wave structure indicates that the pair might be unfolding as an expanding triangle from 124.50 through 121...
Plenty of Distraction Ahead of ECB, ADP The primary focus is on Fed policy and whether or not the central bank will actually move this summer. But into Thursday, there are also some currency specific storylines captivating market participants' attention...
Target Level : 109.59 Target Period : 8 hours Analysis : Falling Wedge identified at 02-Jun-05:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 109.59 within the next 8 hours. Resistance Levels...
Daily Analysis of USDX for June 02, 2016 USDX is showing weakness on a short-term basis, as it's currently testing the 200 SMA price zone on the H1 chart. However, the next strong support can be found around the 95.22 level, which acted as a barrier for sellers during the May 23th session...
Daily Analysis of GBP/USD for June 02, 2016 GBP/USD had a very weak session yesterday after posting new lows. Currently it's testing the support level of 1.4408. A rebound can be expected to re-test the resistance zone of 1...
FxWirePro: GBP/CAD Trades Well Below 1.9000 Handle, Good to Sell on Rallies GBP/CAD broken major support 1.89885 on May 31st 2016 and started to fall drastically. It has declined till 1.88214. It is currently trading around 1.88701...
USDCAD to Move Over 1.33 as We Approach Next Year David Tulk, Chief Canada Macro Strategist at Toronto Dominion Bank, on Canadian economy On May 6, the Bank of Montreal lowered Canada's growth forecasts for the Q2 from 1.5% to zero, due to the Fort McMurray wildfires...
Daily Forex Fundamental Overview Fundamental Analysis EUR "Manufacturing in the euro area remained stuck in a state of near stagnation, failing to break out of the slow growth phase that has plagued producers since February". - Chris Williams, Markit's chief economist...
CAD: Currency Index & Volatility Relative Currency Strength While remaining in a fairly narrow range, the observed indexes still managed to show some impressively sharp moves in the past five trading days...
USD Stays in the Defensive Despite Decent ISM On Wednesday, risk sentiment deteriorated in Europe. Mediocre Chinese data, a poor OECD outlook and rising Brexit tensions weighed on global sentiment...
