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Waiting for the Dollar to Take Off Outlook: It was a holiday in the UK and US yesterday but the rest of the week is packed. The ECB holds a policy meeting on Thursday and we get a Draghi press conference, but the US payrolls report the next day is probably still the big event...
USD/JPY Losing Momentum USD is losing momentum due to end of month profit taking, NFP on Friday so positions may be squared. Additionally,equities are a resistance and that is important for JPY pairs, namely USD/JPY which correlates to NIKKEI, DAX and SP500...
EURAUD BUY -1.54039 SL-1.53680 TP1-1.54234 TP2-1.54448 #dworldforum #forexsignals...
USD/CAD Choppy Post-GDP, Back to Tops Near 1.3080 After a brief test of the 1.3020 area, USD/CAD has quickly climbed to the area of daily highs in the 1.3070/80 band. USD/CAD bounces off 1.3020, focus on API The pair has rapidly faded the drop to the 1...
EUR/USD Keeps Gains on US Data The common currency remains on the positive territory following today’s US releases, with EUR/USD meandering the mid-1.1100s...
AUD/CHF Trade Idea Major resistance -0.7155 (trend line joining 0.7245 and 0.7200) AUD/CHF has violated trend resistance and jumped till 0.7195 at the time of writing. It is currently trading around 0.71785...
Gold Attempts to Find Support at $1200 After suffering nine days of consecutive losses and falling to a threemonth low, marginally below $1200 during trading on Monday, Gold is now attempting to consolidate and stabilize around $1200...
NZD/USD Further Losses Seen Below 0.6665 – UOB In view of the research team at UOB Group, the Kiwi dollar faces further pullbacks on a close below 0.6665. Key Quotes “Similar to AUD/USD, NZD was not able to recover in a sustained manner despite waning downward momentum and oversold conditions”...
Sterling Strategy: Weak Wage Growth - RBS Research Team at RBS, suggests that the main focus of sterling FX markets is still on the EU Remain/Leave Referendum. Key Quotes “With a very light data calendar, sterling’s main focus stays on the UK EU Remain/Leave Referendum...
USD/JPY: Straddling the 111 Area - BBH Research Team at BBH, notes that the dollar, which was straddling the JPY110 area last week, is now straddling the JPY111 area...
FxWirePro: EUR/AUD Whipsaws on 7DMA and Shooting Star Signal Reversal - Covered Puts for Aggressive Bears and Futures Reversal signal is generated from series of bearish candles at whipsaws on 7DMA...
AUDUSD. With the pair rallying strongly on Tuesday, it faces further bullishness in the days ahead. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0...
ECB Preview: Time to Stay Put – Danske Bank Senior Analyst, Pernille Bomholdt Henneberg at Danske Bank, expects the ECB to maintain its patient stance at the meeting this week and not send any new signals about more easing...
Sterling: Weakest Performer Among the Major Currencies - BBH Research Team at BBH, notes that the Sterling is the weakest performer among the major currencies today. Key Quotes “Initially, it was bid to a three-day high near $1.4725 before reversing to a five-day low...
Oil Prices Set to Boost Canadian GDP for Q1 Forex News and Events US data is key US front-end yields continue to climbing causing the overall curve to flatten as markets price in a June rate hike. US 2yr yields have reached 2016 high at 0.93%, up nearly 7bps since Friday...
AUDUSD Rallies On Bullish Offensive AUDUSD - With the pair rallying strongly on Tuesday, it faces further bullishness in the days ahead. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0...
US Payrolls Preview: Keeping a Tick in the Box – ING Research Team at BBH, suggests that the Non-farm payrolls (NFP) is currently not critical to the FOMC’s thinking...
